The Ministry of Planning and Investment is seeking comments on a proposal to allow Digital Asset transactions in financial centers in Vietnam from July 1, 2026. If approved, this will be an important milestone in helping Vietnam become a regional and international financial center. This article by HVA will help you better understand this proposal and its impacts on the economy.
1. Vietnam enters the era of digital finance
Vietnam is gradually asserting its position in the field of finance and technology with a groundbreaking proposal: allowing digital asset and cryptocurrency transactions in financial centers from July 1, 2026. This is part of the strategy to develop a regional and international financial center, with the aim of attracting investment and promoting innovation in the digital finance industry.
But what does this mean for the Vietnamese economy? Who will benefit from this policy? Let's find out in detail.
2. Highlights of the proposed asset and cryptocurrency trading
2.1. Where will the financial center be located?
According to the proposal of the Ministry of Planning and Investment, Vietnam will establish two financial centers:
- Regional financial center expected to be located in Da Nang
- International Financial Center in Ho Chi Minh City
Both centers will apply special mechanisms to attract investment capital and develop advanced financial products, including cryptocurrencies.
2.2. Sandbox Testing Mechanism – A Safe Environment for Financial Innovation
One of the most notable features of the proposal is the introduction of a sandbox mechanism to enable fintech companies to experiment with new business models, including crypto-asset exchanges. This would help:
- Ensure safety and risk management before large-scale deployment.
- Attracting financial technology (Fintech) businesses to participate in innovation.
- Create a clear legal environment for cryptocurrencies in Vietnam.
2.3. Banks will not be restricted in foreign capital.
A major change in financial policy is that banks in the financial center will not be limited in foreign ownership. This will open up opportunities for international investors, helping to improve the quality of financial services in Vietnam.
2.4. Strict management of security and anti-money laundering
Despite opening up to cryptocurrencies, Vietnam will still apply strict monitoring and management measures to protect the economy, including:
- Anti-money laundering regulations related to assets and cryptocurrencies.
- Ensuring cybersecurity for exchanges and financial institutions.
- Tightly regulate NFTs, utility tokens, and crypto mining to avoid negative impacts on the environment and energy systems.
3. Can Vietnam become a regional digital financial center?
If this proposal is approved, Vietnam will have the opportunity to become the leading digital financial center in the region, attracting fintech businesses and international investment capital. At the same time, this is also an important step in building a safe, transparent and sustainable digital financial ecosystem for digital assets.
What do you think about this proposal? Can Vietnam rise to become a regional digital financial center? Let's join HVA Share your views below the article.
