The Vice Minister of Finance of Vietnam, Nguyen Duc Chi, announced that for the month of March there will be the test of a digital asset exchange. The pilot project is organized and managed by state-authorized units to ensure the protection of participants’ rights.
Summary
Vietnam and the test of a digital asset exchange authorized by the State in March
The Vice Minister of Finance of Vietnam, Nguyen Duc Chi, has announced that the new digital asset exchange will be tested this March.
This pilot project dedicated to the “exchange platform” is organized and managed by state-authorized units to ensure the protection of the participants’ rights.
Specifically, Nguyen Duc Chi stated the following:
“The Ministry of Finance has been tasked with reporting to the government in March, to issue a resolution allowing the pilot operation of digital and virtual currency exchanges,”
At the same time, the Deputy Minister of Finance of Vietnam also stated that it will be his ministry’s responsibility to develop the regulations that would allow Vietnamese enterprises to issue virtual assets to mobilize financial resources.
This is an initiative that would help the businesses of the Paese to follow the global trend of embracing crypto.
Vietnam embraces crypto: the test at the digital asset exchange
The present announcement from the Vice Minister of Finance of Vietnam also cites the Prime Minister, Pham Minh Chinh, who is said to have ordered the presentation of this framework by the end of this month.
This is a directive aimed at stimulating Vietnam’s economic growth by at least 8% by 2025.
To achieve this goal, the involvement with crypto was moved forward to March compared to what was scheduled for the month of May.
Vietnam made headlines at the end of December 2024, when the authorities managed to dismantle a crypto scam worth 1.17 million dollars. This operation saved potentially 300 victims.
It was a scheme based on fictitious tokens and unrealistic promises of future gains and advantages.
The situation in Thailand
While Vietnam embraces crypto and begins to test its authorized digital asset exchange, something different has happened in Thailand.
In fact, the former Prime Minister of Thailand, Thaksin Shinawatra, has stepped in to share his opinion and convince the government and legislators to adopt a more favorable approach to crypto and the digital economy.
During an event in Bangkok at the beginning of 2025, Shinawatra said that Thai financial institutions should be more open to the sector, taking as an example Trump’s current position favorable to crypto.
Among the various recommended things, Shinawatra stated that Thailand should allow the trading of stablecoins or coins that are backed by assets.
