Vietnam’s long-awaited digital asset buying and selling pilot has but to draw a single applicant, with the Ministry of Finance confirming that no corporations have formally sought approval to affix this system, in keeping with The Investor Vietnam.
Deputy Finance Minister Nguyen Duc Chi mentioned a number of enterprises are exhibiting curiosity by increasing their enterprise scopes to incorporate digital property, however none have submitted official proposals.
Underneath the federal government’s framework, solely as much as 5 contributors might be allowed to affix the pilot.
He added that the ministry is finalising procedures to establish certified candidates and concern the primary licences.
Chi mentioned the federal government hopes to launch the pilot earlier than 2026, although this stays a goal somewhat than a confirmed timeline and can rely on how shortly corporations can meet regulatory necessities.
The five-year pilot was launched beneath Authorities Decision No. 05/2025/NQ-CP, issued on 9 September 2025, to develop a regulated digital asset buying and selling market in Vietnam.
Following the decision, the Finance Ministry started drafting supporting rules masking taxation, transaction charges, and accounting requirements for companies working beneath the scheme.
It’s also working with the State Financial institution of Vietnam, the Ministry of Public Safety, and different authorities businesses to finish licensing and oversight processes for collaborating enterprises.
Vietnam’s Nationwide Meeting handed the Legislation on Digital Expertise Business on 14 June 2025, with the legislation taking impact from 1 January 2026, and formally recognising digital property beneath Vietnamese legislation.
The pilot is a part of broader efforts to shift crypto exercise from offshore platforms right into a supervised home market built-in with the monetary system.
Analysts estimate that round 17 million Vietnamese at the moment commerce digital property, producing an estimated annual transaction quantity of about US$100 billion.
Most of this exercise happens on abroad exchanges resembling Binance, Bybit, and others primarily based in Singapore, South Korea, and Hong Kong.
Observers be aware that strict eligibility standards, together with a minimal capital requirement of roughly VND 10 trillion (about US$400 million) and in depth compliance obligations, could also be discouraging smaller fintech corporations from making use of.
Featured picture: Edited by Fintech Information Singapore, primarily based on photographs by boggy and luckystep by way of Freepik.
