Statistics show that from July 2024 to June 2025, the Vietnamese crypto market saw a robust growth rate of 55 per cent, which, experts said, signals a shift from a speculative boom to a more mature and sustainable phase of...
Việt Nam is laying the groundwork for a digital economy that extends well beyond the trading of cryptocurrencies and into integrating digital assets into the country’s markets and services, according to VinaCapital Fund Management JSC.
Building trust and credibility is key to Việt Nam’s efforts to launch digital asset exchanges — a move that could transform its currently fragmented trading landscape into a globally competitive financial hub.
The State Securities Commission of Việt Nam (SSC) and Monetary Authority of Singapore (MAS) have announced a partnership aimed at enhancing the integrity and stability of their capital markets.
Việt Nam ranks third globally in the number of cryptocurrency holders. Data from the Crypto Crunch App indicates that 26 million people in the country own cryptocurrencies, five times the number with stock trading accounts.
Việt Nam ranks second in the world in cryptocurrency ownership with 21.2 per cent of the population adopting crypto, according to data from the Crypto payment gateway Triple-A.
According to the United Nations Office on Drugs and Crime (UNODC), the total value of money laundering activities globally each year can be equal to 2-5 per cent of world GDP, equivalent to US$800 billion to $2 trillion.
Google searches for “cryptocurrency” increased sharply in recent years as Vietnamese paid more attention to seeking investment channels, especially during the pandemic with social distancing measures in place, which forced people to stay home.
Despite the volatility in the market, cryptocurrencies still witnessed a strong year, with some currencies posting gains of at least 5,000 per cent in market value, bringing huge profits to investors.
Prime Minister Phạm Minh Chinh has asked the State Bank of Viet Nam to study and carry out pilot implementation for cryptocurrency based on blockchain technology in the 2021-23 period.