Vietnam Plans to Launch a Cryptocurrency Asset Pilot Project, Transforming Unregulated Crypto Trading into a Domestically Regulated Market

The Vietnamese government plans to launch a five-year cryptocurrency asset pilot program in Q2 2026, shifting previously offshore-dominated, unregulated crypto trading into an onshore, regulated market. Currently, Vietnamese traders’ annual cryptocurrency transaction volume stands at $22–23 billion, exceeding $600 million daily. The new pilot will only allow participation by locally registered institutions that meet stringent capital and compliance requirements, and all traded assets must be backed by real-world assets and settled in Vietnamese đồng (VND).