Vietnam, Austria Collaborate on Crypto Asset Supervision
Vietnamese Deputy Minister of Finance Nguyen Duc Chi met with Mariana Kuhnel, Executive Director of Austria's Financial Market Authority (FMA), in Vienna on September 15 to discuss financial market management and supervision. The meeting aimed to exchange experience between the two countries, particularly in the area of crypto-asset market supervision.
Chi expressed his appreciation for the information shared by the Austrian side on reforms in financial management and supervision. He noted that Vietnam has established a pilot legal framework for crypto assets and expects the first service providers to be licensed and begin operations in 2026.
The Vietnamese delegation also discussed support policies for small- and medium-sized enterprises (SMEs), which account for about 99% of all operating businesses in Vietnam. The goal is to strengthen their governance, financial capacity, compliance, and digital transformation, enabling them to better meet requirements for access to credit and the capital market.
Kuhnel proposed that the two sides step up exchanges through the International Organisation of Securities Commissions (IOSCO) and hold online technical meetings for experts to share information and discuss issues of common interest. Chi agreed with this cooperation approach, believing it will help translate experience-sharing and technical support into concrete activities.