Vietnam Treads Cautiously into Crypto Asset Market

The Vietnamese government has made significant strides in establishing a safer crypto asset market through its Resolution No. 05/2025/NQ-CP, which was issued on September 9, 2025.

This resolution lays the groundwork for a new capital-raising channel and marks a milestone in piloting a crypto asset market in Vietnam.

Crypto assets must be backed by real-world assets and exclude securities and fiat currencies under this resolution, with initial offerings limited to foreign investors only.

Experts believe that this approach will enable Vietnamese businesses to tokenise products and raise capital from global investors, particularly in sectors such as real estate, renewable energy, infrastructure, logistics, and agriculture.