The Government’s Resolution No.05/2025/NQ-CP on the pilot implementation of the cryptocurrency market in Vietnam, issued and effective from September 9, 2025, serves as a foundation for the establishment of the domestic cryptocurrency market.

The Vietnamese Government’s Resolution No. 05/2025/NQ-CP on the five-year pilot of crypto asset trading goes beyond keeping pace with global fintech trends to reflect the country’s pioneering role in setting international governance standards for this area, according to insiders.

The cryptocurrency market in Vietnam remained bleak in 2023, resulting in a lack of profitability for nearly 65% of investors. Among them, a significant 43.6% of investors experienced losses, according to the Vietnam Crypto Market Report 2023 by Coin98 Insights.

Many banks have increased their interest rates to attract more depositors after getting a credit growth quota expansion from the State Bank of Vietnam (SBV).

A delay in issuing official legal regulations on managing cryptocurrencies will cause a rise in the risks of fraud and theft related to virtual assets, experts have warned.