TLDR:
- Vietnam’s digital law recognises crypto assets as property while enabling five-year pilot exchange prog
- SSC officials said Vietnam is building a regulated crypto framework with AML, custody and investor safeguards
- Tokenised assets including real estate and infrastructure could reach $70–80B in Vietnam by 2030, per projections
- Vietnam ranks 7th globally in crypto users as ETF growth and APAC volumes continue rising sharply
Vietnam’s State Securities Commission said crypto assets and tokenised real-world assets are entering the country’s formal digital economy framework.
Officials said preparations are underway for a regulated crypto asset market launch planned for the third quarter of 2026.
Authorities described crypto and tokenised assets as emerging pillars supporting Vietnam’s broader digital economy development strategy.
The SSC said Vietnam’s Law on Digital Technology Industry took effect on January 1, 2026, recognising digital assets as property.
Government Resolution No. 05/2025/NQ-CP launched a five-year pilot program for licensed crypto asset trading platforms nationwide.
The framework aims to support structured market development while providing legal recognition for digital asset ownership. Officials emphasised that recognition of digital assets provides clearer legal protection for investors and institutions.
Regulatory Framework and Pilot Market Development
SSC vice chairman Bùi Hoàng Hải said Vietnam is building a legal framework for digital financial markets. He spoke at a conference in Hà Nội attended by regulators, banks, and blockchain associations. Industry participants discussed tokenization trends and digital exchange development during the conference.
The conference included representatives from central banks, security regulators, and industry associations collaborating on policy design.
He stated that sustainable market growth requires transparent ecosystems and stronger investor protection mechanisms. Officials also discussed anti-money laundering controls, cybersecurity risks, and regulatory safeguards for digital assets.
These measures aim to strengthen compliance and reduce systemic risks in emerging digital markets. Cybersecurity resilience was also identified as a core requirement for sustainable digital asset markets.
Draft orientations outline licensed virtual asset service providers as central to the domestic trading system. Authorities indicated all trading activity will eventually occur through approved domestic platforms denominated in Vietnamese đồng.
Foreign investors would be allowed to participate through licensed platforms under the proposed regulatory framework. Investors may continue holding assets in personal wallets alongside regulated exchange participation.
Market Expansion and Tokenisation Outlook
Officials said tokenisation of real-world assets is viewed as part of future financial infrastructure. Potential assets include real estate, gold, infrastructure projects, data centers, energy projects, and ports.
Tokenization is expected to improve asset liquidity and enable fractional ownership across large-value assets. Experts noted tokenisation could streamline settlement processes across multiple asset classes.
Industry projections estimate global tokenized asset markets could reach nineteen trillion dollars by 2033. Vietnam’s market may expand to between $70 billion and $80 billion by 2030.
Growth projections reflect increasing institutional interest in blockchain-based financial instruments worldwide. Adoption figures place Vietnam among leading global markets for retail crypto participation.
Vietnam ranks seventh globally in crypto users and fifth in transaction growth rates. Officials noted Bitcoin ETF growth and rising Asia-Pacific digital asset transaction volumes of around 2.4 trillion dollars.
The market has shown increased stability following periods of earlier volatility in crypto cycles. Institutional products such as Bitcoin ETFs have expanded access for traditional investors globally.