#VietnamCryptoPolicy Vietnam is moving from a crypto “grey zone” toward a structured regulatory environment. In October 2024, it unveiled its Blockchain Strategy 2024–2030, emphasizing sandbox trials for digital assets . In early 2025, Prime Minister Phạm Minh Chính directed the Ministry of Finance and State Bank to draft a digital-asset framework by March—culminating in a pilot crypto‑exchange and sandbox program with partners like Bybit . The Draft Digital Technology Industry Law, Financial Center Resolution, and Crypto‑Pilot Resolution are set for National Assembly review in May, aiming to legalize issuance, custody, trading, and stablecoin use through to 2027 . While cryptocurrencies remain illegal as payment, trading and ownership are to be regulated, with investor protection, AML/KYC and taxation mechanisms introduced . Vietnam’s cautious, phased strategy supports innovation while managing financial stability.