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Vietnam Plans Licensed Crypto Exchange Pilot With Up to Five Platforms

Vietnam Plans Licensed Crypto Exchange Pilot With Up to Five Platforms

According to Reuters, Vietnam has cleared five companies in an initial screening round for a domestic crypto exchange pilot as officials seek tighter oversight of capital flows and foreign-platform trading.

Fact Check
Multiple sources from late 2025 and early 2026 corroborate the specific details of the claim. FinanceFeeds explicitly confirms the 'five platforms' limit for the pilot. TradingView/Coinpedia confirms the high capital requirements and the 49% foreign ownership cap. TRM Labs also notes the move toward a licensing regime with capital requirements. The details align perfectly with the user's provided text.
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Summary

Vietnam is advancing a pilot program for licensed domestic cryptocurrency exchanges, with a March 12 Finance Ministry document showing that five companies passed an initial screening round, according to Reuters. The firms include affiliates of Techcombank, VPBank and LPBank, along with VIX Securities and Sun Group. The initiative is intended to regulate Vietnam’s fast-growing crypto market and reduce reliance on overseas trading platforms, while authorities balance innovation with oversight. Chainalysis ranked Vietnam fourth in its latest Global Crypto Adoption Index and estimated that users in the country moved about $200 billion in crypto in the year through June 2025.

Terms & Concepts
  • Cryptocurrency exchanges: Platforms where users buy, sell, and trade digital assets, sometimes under domestic licensing and regulatory supervision.
  • Overseas trading platforms: Crypto exchanges based outside a country’s jurisdiction and not operating under that country’s local regulatory framework.
  • Global Crypto Adoption Index: A Chainalysis ranking that measures cryptocurrency usage across countries using metrics such as transaction activity and adoption patterns.