Vietnam Digital Asset Market 2026: The race for a billion-dollar opportunity among financial giants
Mar 20
1 min read
Despite being widely regarded as a high-potential market, Vietnam’s digital asset sector is witnessing a paradox: low success rates in exchange licensing, yet an increasing number of enterprises are willing to invest trillions of VND to capture market share.
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.
Out of a total of seven applications received, five have been deemed complete and valid, and have been forwarded for further review by the Ministry of Public Security and the State Bank of Vietnam.
The five entities that have passed the initial screening include:
VIX Crypto Asset Exchange JSC (VIXEX)
Loc Phat Vietnam Crypto Asset Exchange JSC (LPEX)
Vietnam Thinh Vuong Crypto Asset Exchange JSC (CAEX)
Techcom Crypto Asset Exchange JSC (TCEX)
Vietnam Digital Assets JSC
This development signals the early stage of a highly competitive race, where major financial players are positioning themselves to secure a foothold in what could become a billion-dollar digital asset ecosystem in Vietnam.
According to VNBUSINESS
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