Vietnam plans to launch cryptocurrency exchanges in Ho Chi Minh City and Da Nang by 2025. This initiative aims to enhance Vietnam’s financial standing by establishing a controlled sandbox environment for digital asset exchanges. The focus will be on leveraging technology to strengthen the position of financial services in the country.

The government intends to implement risk management and anti-money laundering regulations through a controlled sandbox for digital assets. New policies will regulate digital asset transactions securely. This would address regulatory gaps and provide a framework for businesses and investors domestically.

Despite the absence of legal frameworks, digital assets have seen strong adoption in Vietnam, with ownership reaching approximately 21% from 2021 to 2022. The Ministry of Planning and Investment is proposing tax incentives to attract further investments, with digital assets estimated at about 120 billion USD in 2023.