Hanoi: Vietnam is keen to draw on international experience in developing its crypto-asset market, aiming to create a professional platform for investors, attract financial resources, and foster national economic growth, Deputy Prime Minister Ho Duc Phoc has said. Speaking at a meeting with Marco Dal Lago, Vice President for Global Expansion and Strategic Partnerships at Tether Group, on October 9, Phoc noted that the Government has recently adopted Resolution No. 05/2025/NQ-CP on the five-year pilot of crypto asset trading. Competent authorities are currently reviewing applications and are expected to license around five strong crypto-asset trading platforms. Following the pilot phase, once stability is ensured, a comprehensive legal framework will be introduced to regulate the market.

According to Vietnam News Agency, the decision to incorporate global best practices into Vietnam’s crypto-asset strategy reflects the country’s commitment to establishing a secure and transparent environment for investors. The pilot phase is a crucial step in understanding the dynamics of the crypto market and ensuring that it aligns with Vietnam’s economic objectives. The involvement of international expertise is expected to provide a robust foundation for the future development of the market, ensuring that it operates efficiently and effectively within the global financial system.