Vietnam Braces for Significant Cryptocurrency Regulation Shift
In a move aimed at maintaining its competitive edge in the region, the government of Vietnam has issued Resolution 05/2025/NQ-CP on September 9, 2025, to establish a legal framework for cryptocurrency. This resolution, according to an expert from 5 Minutes Crypto, is not a surprise move but an inevitable step in regulating cryptocurrency.
The resolution allows "token exports," enabling Vietnamese blockchain projects to sell tokens to foreigners, legally bringing foreign currency into the country. This move is significant as it opens up new opportunities for the Vietnamese crypto market, especially given that neighbouring countries like Thailand, Singapore, and even Laos are also building crypto legal frameworks.
One of the key objectives of Resolution 05 is to limit rampant fraud schemes in Vietnam's crypto market. Tens of billions of USD are circulating in the Vietnamese crypto market without oversight, making it a breeding ground for fraudulent activities. With this resolution, the government aims to bring transparency and legitimacy to the market.
With licensed exchanges, investors in Vietnam will have tax clarity and be able to print statements and pay taxes legitimately. As of now, there is no publicly available information listing Vietnamese crypto exchange platforms licensed under Resolution 05. However, the critical deadline for these platforms to comply with the resolution is six months after receiving their first license.
Vietnam's move towards cryptocurrency regulation is noteworthy given its high crypto adoption rate. The country ranks among the world's top crypto adoption countries, with an estimated 20-30% of the population having traded digital assets. The expert from 5 Minutes Crypto believes that this resolution is a necessary stepping stone for sustainable development and could make Vietnam a major blockchain hub in the region, if executed well.
In conclusion, Resolution 05/2025/NQ-CP marks a significant step forward in Vietnam's crypto regulation journey. By establishing a legal framework, the government aims to foster a transparent and legitimate crypto market, attract foreign investment, and position Vietnam as a major blockchain hub in the region.
