Officials said all trading would eventually have to go through licensed virtual asset service providers, though investors would still be allowed to keep assets in personal wallets. Foreign investors would be permitted to open accounts and take part in the market, while domestic participation would initially be limited to those already holding crypto assets.
Bui Hoang Hai, vice chairman of the State Securities Commission, said Vietnam is in a critical phase of building a legal framework for digital finance, including a pilot program for crypto-asset trading platforms under Government Resolution No. 05/2025/NQ-CP.
He said the country has a real opportunity to pull in international capital, open up new business models, and strengthen its position in the regional fintech space — but only if the market is built on transparent rules, sound risk management, and strong protections for investors.
A Market Already In MotionChris Chiew, a senior advisor at CAEX, told the conference that tokenization of real-world assets could widen access to investments by allowing large-value holdings in real estate, infrastructure, and commodities to be divided into smaller digital units and traded more easily.
He said potential assets for tokenization include gold, industrial facilities, data centers, energy projects, and port systems. Global tokenized asset markets could reach $19 trillion by 2033, with Vietnam’s share projected at between $70 billion and $80 billion by 2030, based on industry figures presented at the conference.
Featured image from Unsplash, chart from TradingView
