Vietnam plans to launch a crypto asset pilot project to transform unregulated crypto transactions into domestic regulated markets

The Vietnam government plans to launch a five-year pilot project on crypto assets in the second quarter of 2026 to transform unregulated crypto transactions that were previously mainly offshore into a domestic regulated market. At present, the annual cryptocurrency trading volume of traders in Vietnam reaches US$220 - 230 billion, exceeding US$600 million per day. The new pilot only allows locally registered institutions that meet strict capital and compliance requirements to participate, and the subject matter of the transaction must be backed by real-world assets and settled in VND.