Vietnam Military Bank Partners with Dunamu to Launch First State-Backed Crypto Exchange
Vietnam is building its first government-backed cryptocurrency exchange through a partnership between the state-controlled Military Bank and South Korea’s Dunamu, the company behind Upbit exchange.
The deal marks a major step for Vietnam’s plan to become a regional crypto leader.
Partnership Details
Military Bank and Dunamu signed their agreement on August 12, 2025 during the Vietnam-Korea Business Forum in Seoul. The partnership brings together Vietnam’s largest defense-linked bank with the operator of South Korea’s biggest crypto exchange.
Military Bank serves 33 million customers and operates under Vietnam’s Ministry of National Defense. This government connection makes the new exchange an official state initiative rather…
