Vietnam Plans to Pilot a Digital Asset Exchange at the Financial Center

The Vietnamese government has initiated a pilot digital asset exchange at the International Financial Center, according to a statement from the Ministry of Finance, which will be submitted in August. This initiative demonstrates Vietnam's commitment to integrating blockchain technology, which has the potential to impact highly liquid digital assets and promote central bank digital currency research. Vietnam Aims to Launch Digital Asset Pilot in August The Vietnamese government has made significant progress by announcing a pilot digital asset exchange at an international financial center. This initiative includes coordination between the Ministry of Finance, the National Assembly, and the State Bank, prioritizing strong cybersecurity and high liquidity for listed assets. The proposed filing is expected to be submitted in August. The pilot framework is expected to include essential components such as issuance policies, trading, and asset management. Risk management and regulatory transparency are the focus of the pilot program, aiming to comply with global standards and enhance investor confidence in digital assets. In a statement, the Ministry of Finance of Vietnam stated: "The Ministry of Finance is developing a pilot framework for a regulated digital asset exchange, which is expected to be presented to the Government in August." The reactions of the community and the industry to the pilot program have not yet been clearly expressed through significant statements or contributions. However, the introduction of risk control measures and cybersecurity indicates that those in the industry view this move as a strategic positioning of Vietnam in the context of digital finance. Vietnam Learning from Singapore in Developing Exchange Did you know? Vietnam is learning from Singapore's Guardian Project to establish a tightly regulated digital asset exchange. This has the potential to enhance Vietnam's position in the global cryptocurrency market. According to CoinMarketCap, Bitcoin is currently priced at $119,396.24, with a market capitalization of $2.38 trillion. The market dominance of this cryptocurrency is 58.82%. Notably, the circulating supply of Bitcoin is 19,905,281 out of a maximum supply of 21 million. The trading volume in the last 24 hours reached 73.66 billion USD, despite a negative volatility of 17.98%. In recent periods, the price of Bitcoin has changed by 0.31% in 24 hours, 5.07% in seven days, and increased by 13.07% and 15.36% in 60 and 90 days, as of August 13, 2025, reflecting significant market activities.