On December 10th, the Vietnamese financial market witnessed a significant turning point when the State Securities Commission officially held a conference to announce the Minister of Finance's decision to establish the Cryptocurrency Trading Market Management Board . This is XEM as a milestone demonstrating Vietnam's determination to build a transparent, closely supervised digital asset ecosystem that aligns with the global pace of digital transformation.
In recent years, crypto assets have become a familiar concept to international investors. Many countries have XEM them as a new component of the digital economy, incorporating them into official regulatory frameworks to protect investors and ensure national financial security. Vietnam's establishment of a separate regulatory body for the crypto market is considered a timely move, especially given the strong shift in crypto Capital flows following a series of new regulatory measures in the US under President Donald Trump – who was re-elected in late 2024 and has recently repeatedly emphasized his commitment to promoting digital financial innovation in the US.
Returning to Vietnam, on October 21, 2025, the Minister of Finance signed Decision No. 3552/QD- BTC establishing the Cryptocurrency Trading Market Management Board. Subsequently, on November 10, 2025, the Minister issued Decision No. 3792/QD- BTC assigning the management responsibilities to the new unit. Implementing these decisions, the Chairman of the State Securities Commission signed Decision No. 979/QD-UBCK on December 9, 2025, specifying the functions, tasks, and powers of the Board; and also issued Decision No. 977/QD-UBCK regarding the reassignment of personnel to key positions.
Speaking at the conference, the Chairwoman of the State Securities Commission, Vu Thi Chan Phuong, congratulated the officials assigned to the task and emphasized that the cryptocurrency market is a new field, fraught with challenges but also opening up opportunities for Vietnam to build a modern digital asset market. The Chairwoman requested the Management Board to quickly begin researching, developing, and perfecting the legal framework; enhance the capacity for analyzing and monitoring transactions; learn from international experience; and proactively advise on transparent policies to select qualified businesses to participate in the cryptocurrency market in Vietnam.
The State Securities Commission's expectation is that the Board will create a foundation for a safe and stable digital asset market, minimizing risks and gradually becoming an important part of Vietnam's Capital market in the coming years. Standardizing cryptocurrency trading is also XEM as an important preparatory step in the context of many countries accelerating the integration of crypto into their official legal frameworks.
On behalf of the leadership and assigned staff, Mr. Bui Hoang Hai – Vice Chairman of the State Securities Commission and concurrently Head of the Board – expressed his appreciation for the trust placed in him by the Minister of Finance and the Chairman of the State Securities Commission. He affirmed that the Board would seriously heed the directives issued at the Conference and committed to diligently fulfilling its new nhiệm vụ. He also expressed his hope to continue receiving the cooperation of units under the State Securities Commission, the Vietnam Stock Exchange (VNX), the Vietnam Securities Depository Center (VSDC), and related organizations to effectively implement management work in this promising sector.
The establishment of the Cryptocurrency Trading Market Management Board demonstrates Vietnam's proactive preparation of a suitable legal framework and operational mechanism in response to the rapid development of blockchain technology, asset Tokenize , and digital asset trading globally. This is XEM a strategic step, creating a foundation for the cryptocurrency market in Vietnam to operate safely, transparently, and closer to international standards in the coming period.
