Vietnam will pilot a digital asset exchange in an international financial center.

On August 12, the Vietnamese government announced that it will pilot a digital asset exchange in an international financial center. Three legal measures have laid the foundation for the digital asset sector, including a resolution passed by the National Assembly on developing financial centers, a proposal submitted by the Ministry of Finance for piloting a digital asset exchange, and a new law that clearly defines asset categories. The Ministry of Finance is finalizing related pilot policies, which are expected to be submitted to the government in August, covering aspects such as issuance, trading, and management. Service providers can independently choose listed assets, prioritizing those with high liquidity. Authorities emphasized that blockchain is the core infrastructure and will strengthen cybersecurity and risk management. The central bank is studying a model for a central bank digital currency (CBDC).