The cryptocurrency market in Vietnam is entering its most anticipated phase in years, with regulators stating that initial operations could officially begin in the third quarter. This information was released at the “Digital Trust in Finance 2026” forum, amidst a global surge in digital transformation in the financial sector and increasingly fierce competition to build a digital economy.
Speaking at the event, Deputy Minister of Finance Nguyen Duc Chi emphasized that digital transformation in finance not only opens up new growth opportunities but also poses the biggest challenge: building trust among users, businesses, and investors. According to him, this "digital trust" factor will determine the speed of development of new financial models, especially in the cryptocurrency sector – a relatively new industry but one with strong growth globally.
The most notable highlight is the significant progress made in building the cryptocurrency market in Vietnam, with the Ministry of Finance submitting Resolution No. 05 to the Government on piloting this market. This is XEM the first legal framework paving the way for the formation of a controlled, transparent, and secure domestic crypto market. The issuance of this pilot legal framework is considered a strategic step to protect the rights of participating organizations and individuals, while limiting risks of fraud, money laundering, and market volatility.
To date, the Ministry of Finance, in coordination with the Ministry of Public Security and the State Bank of Vietnam, has approved five entities to prepare to provide services related to the cryptocurrency market. This indicates that the testing phase has entered the practical implementation phase. Chia to the Deputy Minister, if progress is maintained, the first activities of the Vietnamese crypto market could appear as early as the third quarter of this year under the direct management of state agencies.
Alongside the development of the cryptocurrency market, the Ministry of Finance is accelerating the completion of a comprehensive online public service ecosystem. All administrative procedures are integrated into the National Public Service Portal, and 100% of documents are digitized as required. This is XEM a crucial preparatory step for the financial system to operate effectively in a digital environment, where data and connectivity play a core Vai .
Information technology security and safety solutions are also being implemented synchronously from design to operation. The Ministry of Finance is researching the application of artificial intelligence, electronic cryptography, and multiple layers of security to enhance the capacity for monitoring and managing the national financial system. In addition, the state economic, financial, and budget data system is being built in an interconnected manner, capable of connecting and Chia with ministries, localities, and businesses in the fields of taxation, customs, securities, insurance, and investment.
