Vietnam Aims to Unlock Dormant Digital Assets with New Regulations
Vietnam's digital asset market has been dormant despite a legal framework being in place. Decree 284/2026/ND-CP, which came into effect on September 1, introduced administrative penalties for crypto asset violations and licensed five companies to prepare for the launch of Vietnam's crypto-asset market.
The Ministry of Finance will apply financial safety requirements to these funds once trading operations begin. Vietnamese companies are also permitted to issue crypto assets backed by real-world assets, such as non-fungible token products like vouchers and event tickets.
Data from Triple-A estimates the value of crypto-asset transactions linked to Vietnam at around $220 billion, involving 17 million to 21 million accounts. Most of these assets are currently held on international exchanges or in cold wallets rather than on domestic platforms.