Vietnam is preparing rules for a pilot digital asset market. The country's authorities are developing a new regulatory framework. At launch, the issuance of instruments will be available exclusively to foreign investors. This was reported by local outlet VietnamPlus. The foundation for regulation is a government resolution. The document is numbered 05/2025/NQ-CP and dates from September 2025. The resolution excludes securities and national currencies from the category of digital assets. New instruments must be backed by real-world values.
Experts see significant potential in this for local businesses. Companies will gain a channel of access to global capital. Tran Quy heads the Vietnam Institute for Digital Economy Development. He also serves as chairman of the organization MetaDAP. The expert considers the model beneficial for the real economy. The new rules will restrict speculative and unbacked instruments. Asset valuation and disclosure requirements will be significantly simplified. Among the promising sectors, the expert named real estate and renewable energy. Infrastructure, logistics, and agriculture are also in demand.
The country currently lacks a licensed exchange for trading. A representative of the State Securities Commission spoke at the Vietnam RWA Summit 2026. He provided an update on the current progress of the candidate selection process. Five companies have successfully passed the first evaluation stage. These organizations are competing to establish the national trading platform. They will then be required to meet strict information security requirements. Candidates must confirm capital of no less than 10 trillion dong. This amount is equivalent to $383 million.
The state is consistently tightening its oversight of the industry. In July, the Vietnamese government introduced substantial fines. The penalties apply to trading digital assets outside of licensed platforms. All exchanges must obtain a license from the Ministry of Finance. The creation of a pilot market will mark an important stage in the development of the sector. The authorities are seeking to integrate innovation into the traditional economy. Attracting foreign capital will accelerate this process. Strict supervision will protect investors from fraudulent schemes.