Vietnam Initiates Bitcoin Trading Pilot Program

Vietnam approves five-year pilot for cryptocurrency trading.

The Vietnamese authorities have approved a five-year pilot program to launch cryptocurrency trading in the country. This was reported by Bloomberg, citing a government decree.

Only Vietnamese companies are permitted to launch trading platforms and issue tokens. The issued crypto assets must be backed by real estate, excluding securities and fiat money. Services for purchasing such tokens are offered only to foreign investors, with all transactions conducted in Vietnamese dong.

The minimum capital required to launch an exchange is 10 trillion dong ($379 million), with at least 65% institutional investment.

“At least two registered organizations, including commercial banks, securities companies, and fund managers, must collectively own more than 35% of the shares of the exchange service provider,” the decree states.

Foreign capital in the trading platform cannot exceed 49%. Institutional and individual participants are allowed to engage with only one exchange service provider.

Opening accounts on licensed platforms is permitted for Vietnamese and foreign investors holding crypto assets.

According to Chainalysis, Vietnam ranked fourth in the global cryptocurrency adoption index for 2025.

In June, the country’s authorities legalized digital assets. The relevant regulation will come into effect on January 1, 2026.