Vietnam State Securities Commission announced that crypto assets and tokenized real-world assets have been included in the country’s official digital economy framework. The institution announced that the regulated cryptocurrency market, which is under preparation, is planned to be launched in the third quarter of 2026.
Digital assets given legal status
According to the commission, the Vietnam Digital Technology Industry Law came into force as of January 1, 2026 and recognizes digital assets within the scope of ownership. Thus, while creating a clearer legal basis for digital asset ownership, it is aimed to strengthen protection mechanisms for investors and institutions.
Additionally, by government decision No. 05/2025/NQ CP, a five-year pilot program for licensed crypto asset trading platforms was launched throughout the country. Authorities stated that this structure will support both the controlled development of the market and the legal recognition of digital asset ownership.
Vietnam State Securities Commission stated that crypto assets and tokenized real-world assets are among the new pillars of the digital economy.
Regulatory framework and market design
Bùi Hoàng Hải, Deputy Chairman of the Vietnam State Securities Commission, said at the conference held in Hanoi and attended by regulatory institutions, banks and blockchain associations that the country has created a legal framework for digital finance markets. The institution stands out as the main authority responsible for regulating Vietnam’s capital markets.
Anti-money laundering measures, custody infrastructure, cyber security risks and investor protection topics were discussed at the meetings. Authorities emphasized that a transparent market structure and stronger security measures are necessary for sustainable growth.
Mini dictionary: Tokenization means converting the ownership or economic right of an asset into a digital token on the blockchain. Custody refers to the secure protection of private keys of crypto assets.
According to the draft directions, licensed virtual asset service providers will be at the center of the local transaction system. Authorities envisage that, over time, all transactions will be made on approved local platforms operating in Vietnamese dong. Within the proposed framework, it is planned that foreign investors will also be able to access the market through licensed platforms. However, it was stated that users can continue to keep their assets in personal wallets.
Bùi Hoàng Hải noted that transparent ecosystems and stronger investor protection mechanisms are necessary for the healthy growth of digital finance markets.
Growth expectation in tokenized assets
Authorities are considering tokenized real-world assets as part of the financial infrastructure of the future. In this context, it was stated that areas such as real estate, gold, infrastructure projects, data centers, energy projects and ports may come to the fore. According to experts, this model can increase liquidity while enabling fragmented ownership in high-value assets.
The global tokenized asset market could reach $19 trillion by 2033, according to industry projections. It is stated that the Vietnam market has a growth potential between 70 billion dollars and 80 billion dollars by 2030.
| Indicator | Data |
|---|---|
| Regulated market target in Vietnam | third quarter 2026 |
| Pilot program duration | 5 years |
| Vietnam tokenized asset market forecast | $70 billion to $80 billion, 2030 |
| Global market forecast | $19 trillion, 2033 |
Vietnam ranks seventh in the world in the number of cryptocurrency users and fifth in transaction growth rate. Officials also noted the expansion of Bitcoin ETF products and digital asset transaction volume in the Asia Pacific region reaching approximately $2.4 trillion.
