Cryptocurrencies and digital assets have emerged as a prominent investment trend, not only worldwide but also in Vietnam. The National Assembly has approved the Digital Technology Industry Law, paving the way for the growth of this sector. Several securities companies have begun participating, including the establishment of the VIX Digital Asset Exchange and Techcom. SSI has also founded SSI Digital Technology to enhance financial digital infrastructure. The Military Commercial Joint Stock Bank (MB) is collaborating with Dunamu Group to launch Vietnam’s first domestic digital asset exchange. The Ministry of Finance is drafting a proposal to pilot the issuance and trading of digital assets, requiring trading entities to have a minimum capital of 10 trillion VND. It is estimated that by 2024, Vietnam could reach 10.15 million digital asset users, five times more than in 2019. Vietnam has consistently ranked in the top 5 global cryptocurrency acceptance indices in recent years.
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