The Ministry of Finance has recently announced the completion of the preliminary assessment phase for applications seeking licenses to operate crypto asset trading platforms, under the pilot framework outlined in Resolution No. 05/2025/NQ-CP.

The Ministry of Finance expects to grant pilot licenses for crypto-asset trading floors such as Bitcoin, Ethereum, etc. in 2025.

After the pilot crypto market was allowed, a wave of registrations for legal entities, capital contributions and strategic cooperation agreements quickly took place

The cryptocurrency market in Vietnam remained bleak in 2023, resulting in a lack of profitability for nearly 65 percent of investors.