In the context of Vietnam implementing a pilot mechanism for the cryptocurrency market according to Resolution No. 05/2025/NQ-CP of the Government, the issuance of the resolution is considered an important step to build a legal framework for management, supervision and transparency of the cryptocurrency market, towards forming a digital asset market in Vietnam.
As part of the roadmap to participate in the digital asset market according to the orientation of transparency, safety and legal compliance of enterprises, Sacom Encrypted Asset Trading Joint Stock Company (SCEX) passed the first evaluation round in the process of applying for a license to provide services for organizing the cryptocurrency asset trading market of the Ministry of Finance.
Previously, this enterprise had transformed its brand from Loc Phat Vietnam Coding Asset Trading Joint Stock Company (LPEX) to Sacom Coding Asset Trading Joint Stock Company (SCEX). The brand change is part of a comprehensive repositioning strategy, aimed at building a digital asset trading platform in a professional direction and approaching international standards.
SCEX was established on September 30, 2025, headquartered in Hanoi. When established, the company had a charter capital of 6.8 billion VND. In March 2026, SCEX was one of 5 enterprises assessed by the Ministry of Finance as having complete and valid dossiers according to Resolution 05/2025/NQ-CP to consider licensing the provision of services to organize the cryptocurrency trading market.
In parallel with the brand repositioning process, SCEX increased its charter capital from 6.8 billion VND to 360 billion VND to improve financial capacity and prepare for the roadmap to participate in the official digital asset market in Vietnam.
In order to avoid risks arising that affect security, safety of financial and monetary markets, social order or public interests, system safety, data security and legal compliance are key priorities. Businesses said they are investing in technology infrastructure, security systems, risk management and compliance control solutions to meet the increasing requirements of the digital asset market.
Completing the transaction ecosystem in a more transparent and stable direction for users requires focusing on developing a team of personnel in the fields of blockchain, information security and operational control.
According to Resolution No. 05/2025/NQ-CP, enterprises participating in the pilot cryptocurrency market must simultaneously meet many criteria related to financial capacity, technology infrastructure, information security, operational management, anti-money laundering and investor protection.
The Ministry of Finance will coordinate with the Ministry of Public Security and the SBV to review dossiers and inspect the meeting of facilities conditions before approving licensing for organizations registered to meet the conditions according to regulations.
