Prime Minister Le Minh Hung made this statement during his report to the National Assembly on the implementation of the socio-economic development plan in the first months of 2026 and the five-year plan.
Regarding the development of new economic models, the Prime Minister stated that the data exchange, cryptocurrency exchange, and digital asset exchange will be piloted from the third quarter, after the completion of the review, adjustment, and supplementation of mechanisms, policies, projects, and development plans.
Prime Minister Le Minh Hung presents a report at the National Assembly session on the afternoon of April 9 (Photo: VGP)
Regulatory bodies maintain a cautious approach, prioritizing the development of a transparent, secure, and sustainable crypto market. This moves digital asset trading from a legal "grey area" into a formal legal framework, while simultaneously supporting the development of the national digital economy.
Previously, Mr. To Tran Hoa - Deputy Head of the Standing Committee of the Cryptocurrency Trading Market Management Board (UBCKNN) - stated that after the first domestic exchange goes into operation, all transactions by Vietnamese investors must be conducted on licensed exchanges.
Currently, inter-agency bodies are conducting assessments of 5 companies that have passed the preliminary selection stage, including: TCEX (Techcombank); CAEX (VPBank), LPEX (LPBank), VIXEX (VIX Securities), and Viet Nam Digital Asset (Sun Group).
Chia at a recent conference, Ms. Doan Mai Hanh, General Director of TCEX, stated that operating a crypto exchange is a "three-in-one problem": Vai as a trading member, a custody center, and an exchange all in one.
Therefore, the pressures regarding technology, cybersecurity, legal compliance, and risk management are considered to be much greater than in traditional stock markets.
To create a transparent platform and support investors, the Ministry of Finance recently issued Circular 32 and Circular 41, providing specific guidance on taxation for the cryptocurrency market.
Accordingly, the transfer of cryptocurrency assets is exempt from value-added tax, but individual investors must pay personal income tax at a rate of 0.1% on the transfer price for each transaction. Licensed exchanges will deduct and pay the tax on behalf of the investor, simplifying the declaration process.
Source: Government Online Newspaper
