Vietnam has formally launched a national pilot framework for crypto assets, following a government resolution issued in September 2025. The framework stipulates that crypto assets issued within the country must be backed by real-world assets, while explicitly excluding securities and fiat currencies. In the initial phase, only foreign investors can participate. Boston Consulting Group projects the global market for tokenized real-world assets could exceed $14 trillion by 2030. Vietnam's State Securities Commission said five companies have passed the preliminary evaluation to set up exchanges. To gain final approval, they need to comply with a four-level information system security standard and maintain registered capital of approximately $383 million. The government also issued a decree on July 16 that imposes fines of around $1,150 to $1,918 for violations in the crypto market, effective September 1. Under the new rules, domestic investors will not be penalized immediately for trading via unlicensed platforms. Instead, the requirement that investors may trade only through licensed institutions will take effect six months after the Ministry of Finance issues its first exchange license.
Vietnam's government has issued a resolution launching a national pilot framework for crypto assets, according to Bitcoin.com News. Published in September 2025, the framework requires any crypto asset issued in the country to be backed by real-world assets. It excludes securities and fiat currencies, and in its initial phase only foreign investors are allowed to participate.
Boston Consulting Group estimates the global tokenized real-world asset market could surpass $14 trillion by 2030.
The State Securities Commission of Vietnam said five companies have passed the initial evaluation to establish exchanges. To receive final approval, they must meet a four-level information system security standard and maintain registered capital of about $383 million.
On July 16, the government issued a decree imposing fines of roughly $1,150 to $1,918 for violations in the crypto asset market. It takes effect on September 1. Domestic investors will not be immediately penalized for trading through unlicensed platforms. The requirement restricting trading to licensed institutions will only apply six months after the Ministry of Finance grants the first exchange license.
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