At the Ministry of Finance's regular press conference for the third quarter of 2025 held on the afternoon of October 3, Deputy Minister Nguyen Duc Chi said that up to now, no enterprise has officially submitted an application to register to provide services related to crypto assets in Vietnam. However, many domestic and foreign organizations have expressed interest and are having preliminary technical discussions with management agencies.
According to Mr. Chi, in the coming time, the Ministry of Finance will continue to monitor developments in the digital asset market, and closely coordinate with the State Bank and relevant ministries and branches to perfect the legal framework, towards issuing detailed regulations to allow businesses to officially participate in this field.
Regarding the implementation of Resolution No. 05/2025/NQ-CP on piloting the crypto asset market in Vietnam, Mr. Ha Duy Tung, Vice Chairman of the State Securities Commission (SSC), said that the Government issued this resolution on September 9, 2025. This is XEM an important milestone, opening a new direction for Vietnam in the context of the global strong shift to the digital economy.
Mr. Tung emphasized that the pilot needs to be carried out carefully, transparently and under control, with a clear roadmap to ensure safety for participating organizations, investors and individuals. Accordingly, the State Securities Commission is drafting a draft guide to licensing the provision of crypto-asset services, which specifies criteria, processes, conditions and technical standards for businesses wishing to participate in the market.
Despite some interest from investors, the State Securities Commission confirmed that it has not received any official registration documents from domestic or international enterprises.
After Resolution 05/2025/NQ-CP was passed, the Ministry of Finance quickly implemented a detailed action plan, including completing the legal framework, tax policies, tax collection and payment procedures, accounting regimes and management regulations related to crypto assets.
The units under the Ministry have been clearly assigned to ensure progress. Many experts believe that building a solid legal foundation will be the decisive factor for the sustainable development of this market in the near future.
