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Toggle On October 9, at the Government Headquarters, Deputy Prime Minister Ho Duc Phoc had a meeting. 
p and worked with Mr. Marco Dal Lago, Vice President of Development and Global Partnerships of Tether Group - the world's largest stablecoin issuer. The meeting took place in the context of Vietnam implementing Resolution 05/2025/NQ-CP, paving the way for piloting the crypto asset market in the next 5 years.
Deputy Prime Minister Ho Duc Phoc said that Vietnam is in the process of preparing to license about 5 crypto-asset trading floors, with the selection criteria being businesses with strong financial potential, reputation and technology to ensure system safety. After the pilot period, the Government will evaluate and complete the official legal framework for the digital asset market, aiming for transparency, safety and attracting international investment Capital .
Vietnam aims to become a digital financial center in the region
According to the Deputy Prime Minister, the development of the crypto-asset market is an inevitable trend, but it also comes with many legal and management risks. Therefore, Vietnam wants to learn from the experience of leading countries and cooperate with leading technology corporations such as Tether to build a transparent, safe and modern trading platform.
Mr. Ho Duc Phoc emphasized that with a total import-export turnover estimated at 911 billion USD in 2025 and a high growth rate, Vietnam is in need of large Capital for infrastructure and technology projects and the development of an international financial center. The Government expects that cooperation with Tether will not only help attract quality investment Capital , but also contribute to enhancing the confidence and competitiveness of Vietnam's digital economy in the international arena.
Tether: “Vietnam is one of the most important markets in Asia”
Speaking at the meeting, Mr. Marco Dal Lago expressed his impression of Vietnam's strong economic growth rate, and said that Vietnam possesses a particularly favorable environment for crypto assets - with a young population, high technology level, and large annual remittances.
“We admire Vietnam’s economic growth and believe that this is the ideal time to promote strategic cooperation,” Chia Mr. Dal Lago. “With advanced blockchain technology and global experience, Tether can support Vietnam in building a safe, efficient and sustainable crypto-asset ecosystem.”
Tether Vice President also emphasized that the group is ready to cooperate with large Vietnamese enterprises to develop digital asset trading platforms that meet international standards, and Chia experiences in management, risk control and data security. The common goal is to help Vietnam attract profits from the global market to the country, contributing to the long-term growth of the economy.
Global Story: Crypto Asset Heat Under Trump and the Legalization Trend
Tether is currently the world's largest stablecoin issuer, with a total reserve asset value of more than $177 billion, of which $120 billion is US Treasury bonds. After President Donald Trump returned to the White House in late 2024, more friendly policies towards cryptocurrencies and blockchain technology have led global financial corporations, including Tether, to expand their operations strongly in the Asia-Pacific region.
According to experts, Tether move to Vietnam is not simply an economic cooperation, but also a strategic move to anticipate the trend of legalizing digital assets that is spreading globally. As the US and many major economies promote a new legal framework for stablecoins, Vietnam – with its stable political environment and high potential for digital population – is emerging as an attractive destination for international financial technology corporations.
