Vietnam seeks transparent, internationally aligned framework for crypto asset market: Deputy PM

Vietnam is working on a transparent regulatory framework for its crypto asset market to align with international standards, as discussed by Deputy PM Nguyen Van Thang.

What Are Vietnam's Plans for a Transparent Crypto Asset Market? Vietnam is making significant strides towards establishing a transparent and internationally aligned framework for its crypto asset market. During a recent meeting with Ben Zhou, co-founder and CEO of Bybit , Deputy Prime Minister Nguyen Van Thang emphasized the need for an effective regulatory framework to support this burgeoning sector. This initiative comes as the country prepares to pilot a framework for digital asset trading and regulation, aiming to position itself securely within the global crypto landscape. What Are the Key Elements of Vietnam's Regulatory Framework? Deputy Prime Minister Thang pointed out that Vietnam's government has issued Resolution No. 05/2025/NQ-CP, which outlines a pilot market for crypto assets. This sector has been identified as having substantial growth potential alongside significant risks, a situation requiring careful oversight. Thang highlighted the necessity of protecting investors while tackling concerns such as money laundering, fraud, and other illegal activities. This proactive approach aims to ensure that the market operates smoothly while shielding stakeholders from potential threats. How Will Vietnam Collaborate with International Firms? As part of its regulatory development strategy, Vietnam is actively seeking support and expertise from reputable international companies. Thang emphasized that collaboration would be essential in areas like legal and regulatory development, transaction monitoring, technology infrastructure, and workforce training. He noted that foreign companies with strong financial resources and technological capabilities will be welcomed, but participation will require adherence to strict capital adequacy, technological capacity, system security standards, and industry experience requirements. This careful selection process aims to build a resilient ecosystem for crypto asset trading. What Opportunities Lie Ahead for Vietnam's Crypto Mar