Vietnam Opens Five-Year Crypto Market Pilot With Strict Local Control

Vietnam launched a tightly managed five-year pilot for crypto buying and selling on September 9, setting high entry boundaries for platforms and limiting token gross sales to overseas buyers.

The authorities’s decision requires Vietnamese-incorporated operators to carry at the least 10 trillion dong in paid-in capital, cap overseas possession at 49%, and safe at the least 65% of fairness from establishments similar to banks, brokerages, insurers, fund managers, or certified tech firms.

Pilot Opens With Strict Capital And Ownership Rules

As per the brand new rules, native settlement should happen in dong, and issuers could promote solely to overseas buyers. The decision was a managed opening of a fast-growing market and outlined the core thresholds intimately.

Issuers should disclose prospectuses earlier than any sale. Vietnamese buyers who already maintain crypto will acquire a migration path to licensed platforms.

Once the primary license is issued, residents may have six months to maneuver to authorized venues; after that window, authorities plan to sanction buying and selling on unlicensed platforms underneath present legislation because the pilot proceeds.

The pilot is a part of a broader authorized pivot. In June, lawmakers handed the Law on Digital Technology Industry, which acknowledges digital belongings, distinguishes “crypto belongings” from different digital devices, and strengthens AML and CTF controls forward of an efficient date of January 2026.

The transfer alerts intent to channel exercise into supervised rails and to outline enterprise circumstances for operators, as BeInCrypto reported at the time.

Vietnam’s NAPAS 24*7 real-time community, broad QR acceptance, tokenized NFC initiatives, and high-KYC touchpoints support this push.

Moreover, Vietnam ranks fourth globally within the 2025 Global Crypto Adoption Index, cementing its sturdy grassroots utilization and rising institutional flows throughout each centralized companies and DeFi.

Meanwhile, the nation’s engagement with international crypto gamers has additionally grown. Bybit’s management met with Vietnam’s Finance Ministry in April to debate collaboration on authorized frameworks and a nationwide digital asset change. This alerts rising alignment between native regulators and worldwide market makers.

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