Index
ToggleOn September 9, 2025, the Government issued Resolution 5/2025/NQ-CP on piloting the implementation of the digital asset and crypto asset market in Vietnam. This is XEM a historic milestone, paving the way for the blockchain - crypto sector to develop officially, under legal management and protection.
Mr. Mai Huy Tuan, General Director of SSI Digital (SSID) and Deputy General Director of Phu Quy Group, commented that legalizing digital assets not only helps protect investors but also creates opportunities for Vietnam to break through and become the world's leading digital financial center.
According to Mr. Tuan, Vietnam is currently in the top 3 most dynamic markets in the world for blockchain and digital assets. Vietnamese people are holding many key positions in major blockchain projects such as Binance, OKX, or even participating in the founding teams of the world's top exchanges. This is clear evidence that Vietnam's technological capacity, community and high-quality human resources are fully capable of competing internationally.
Vietnam and the ambition to become a global digital financial center
Over the past 10 years, digital assets have grown rapidly and attracted the participation of millions of investors around the world. Vietnam has not only kept up with this trend but also stands out thanks to its young, dynamic and creative builder community. According to the CEO of SSID, if Vietnam knows how to take advantage of it, it can completely become the world's number 1 in digital assets and blockchain.
Legalizing the market helps individuals and businesses that used to operate informally to now be able to open companies right in Vietnam, pay taxes and contribute to the national GDP. This is a step in line with the Government's goal of making Vietnam a leading international financial center in the region.
Opportunities come with challenges
Although digital assets have great potential, the risks are not small. Mr. Mai Huy Tuan emphasized: “Digital assets are not like gold, silver or real estate that can be held, but exist on blockchain networks. It is important for investors to understand hot wallets, Cold Storage, how to manage assets, as well as choose a reliable platform.”
He also recommended that the Government should soon build a digital financial education and consulting center to help people grasp the true nature of this market. Because, in the period before the legal framework, especially in 2017, a series of scam projects caused Vietnamese investors to lose tens of thousands of billions of VND. When the market is strictly managed, projects must report and comply with the law, risks will certainly be significantly reduced.
