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The Vietnamese government will pilot a digital asset exchange and improve regulations to welcome Blockchain finance.
[Golden Finance] On August 12, the Vietnamese government announced it will pilot a digital asset exchange in the international financial center. Three legal measures have laid the foundation for the digital asset sector, including the National Assembly's resolution to develop the financial center, the Ministry of Finance's proposal for the pilot digital asset exchange, and new laws clarifying asset category definitions. The Ministry of Finance is refining the relevant pilot policies, which are expected to be submitted to the government in August, covering issuance, trading, management, and other aspects. Service institutions can independently choose listed assets, prioritizing those with high liquidity. The authorities emphasize Blockchain as the core infrastructure and will strengthen cybersecurity and risk management. The Central Bank is studying the national Digital Currency (CBDC) model.