Key Notes

Program restricts participation to Finance Ministry-licensed domestic institutions with minimum $378,500 capital requirement.

Foreign investors face 49% shareholding cap while requiring backing from Vietnamese financial institutions for operations.

All digital asset transactions must be conducted exclusively in Vietnam dong currency under state market management.

Deputy Prime Minister Ho Duc Phuc signed into law a resolution kicking off the pilot implementation of a comprehensive digital asset market pilot program in Vietnam on Sept. 9.

The new program is scheduled to run for five years and will place strict requirements on participation, limiting involvement to only certain domestic institutions and barring foreign investors from holding shares greater than a minority posit

See Full Page