Landmark Legislation Regulates Digital Assets in Vietnam
Pilot Regulatory Framework for the Crypto Asset Market
Following the statutory recognition of crypto assets under the Digital Technology Law, the Government enacted Resolution 05/2025/NQ-CP on 9 September 2025, establishing a controlled five-year pilot programme (2025–2030) for the issuance, trading, and supervision of crypto assets in Vietnam (the “Crypto Pilot Programme”).
The Crypto Pilot Programme adopts a selective approach to market participation, with specific provisions regulating the activities of stakeholders as follows.
(i) Crypto Asset Issuers:
Under the Crypto Pilot Programme, only Vietnamese-incorporated companies may offer or issue crypto assets.⁵ The eligibility requirement does not appear to exclude Vietnamese…
