At a forum on the digital asset market held as part of Vietnam’s National Innovation Festival, the Vietnam State Securities Commission (SSC) briefed participants on the Government’s pilot framework for establishing a domestic market for crypto-assets, as set out in Resolution 05/2025/NQ-CP issued on 9 September 2025. In remarks delivered by To Tran Hoa, Deputy Head of the SSC’s Securities Market Development Department, the pilot was described as being implemented on a cautious and controlled basis, with an appropriate roadmap and an emphasis on safety, transparency, efficiency and protection of lawful rights and interests. The Resolution’s provisions include issuance conditions requiring issuers to be legal entities established in Vietnam and to base issuance on real assets, alongside tighter standards for virtual asset service providers (VASPs). Other sessions covered the legal landscape and global tokenisation trends, anti-money laundering responsibilities in operating a crypto-asset market, prevention of technology-enabled crime linked to crypto-assets, and international regulatory experience.
Vietnam State Securities Commission 2025-10-02
Vietnam State Securities Commission outlines key issuance and VASP requirements under the Government’s pilot crypto-asset market framework
At Vietnam’s National Innovation Festival, the Vietnam State Securities Commission outlined the Government’s pilot framework for a domestic crypto-assets market, as per Resolution 05/2025/NQ-CP. The pilot emphasizes safety, transparency, and efficiency, requiring issuers to be legal entities in Vietnam and to base issuance on real assets, with stricter standards for virtual asset service providers. Sessions also covered the legal landscape, global tokenisation trends, anti-money laundering, and international regulatory experiences.