Vietnam plans pilot crypto-asset market as regulator cites "pivotal phase"
Senior officials outline the pilot as Vietnam pushes deeper into digital finance, with the country ranking 7th globally in crypto users and 5th in transaction growth.
Fact Check
The primary Vietnam News report directly confirms SSC Vice Chairman Bùi Hoàng Hải's remarks framing Vietnam's digital finance as in a 'pivotal phase' and outlining a crypto-asset market pilot under Resolution No. 05/2025/NQ-CP. The 7th-globally crypto users and 5th-in-transaction-growth statistics, cited by CAEX Senior Advisor Chris Chiew at the same conference, are corroborated by Cryptotimes.io and CoinDesk. Note: the rankings come from an industry advisor speaking at the SSC conference rather than from the SSC itself, but the underlying facts in the claim are accurately conveyed.
Summary
Vietnam's securities regulator says the country is entering a "pivotal phase" in digital finance as senior officials outline plans for a pilot crypto-asset trading market. Such pilots are commonly used to test trading rules and oversight before any broader rollout, and the move comes with Vietnam ranking 7th globally in crypto users and 5th in transaction growth.
Terms & Concepts
- crypto-asset trading market: A venue where digital assets are bought and sold.
- digital finance: Financial activity built around digital assets, payments, and platforms.