On the afternoon of March 5, in Hanoi, the Government Office held a regular Government press conference in February 2025.
At the press conference, one of the contents that the press was interested in was the management of digital currencies and virtual currencies. At a meeting with the Central Strategy and Policy Committee on February 24, General Secretary To Lam emphasized that with the issue of virtual currency management, do not let go slow, do not miss opportunities, do not create gaps or gaps with new financial forms as well as modern trading methods.
Currently, our country is among the top countries participating in the digital currency and virtual currency markets but does not have a legal corridor, leading to risks. Many businesses have to start overseas in this field.
Responding to this content, Deputy Minister of Finance Nguyen Duc Chi said that digital assets and digital currency (virtual currency) are a very complicated and new issue not only for Vietnam but also for many countries in the region and the world.
This issue is being carefully studied by relevant agencies, proposing different legal frameworks to have a way to manage all activities related to virtual assets and transparent digital assets, serving the socio-economic development of each country and each economy.
From the practical issue, the Government leaders and the Prime Minister have directed to urgently research and develop a legal framework for this activity.
According to the Deputy Minister of Finance, earlier this week, the Government Standing Committee and the Prime Minister chaired a meeting to listen to the Ministry of Finance and relevant ministries report on the situation of virtual currency and orient the development of a legal framework related to virtual asset and virtual currency activities in Vietnam.
The Ministry of Finance, which has been assigned by the Prime Minister to report to the Government in March 2025, will issue a resolution allowing the pilot development and operation of virtual currency exchanges so that investors, organizations, individuals... in Vietnam have a place to trade and invest in buying and selling.
The exchange is organized by units and enterprises licensed by the State. The State will protect the legitimate and legal rights of organizations and individuals when participating in the virtual market.
At the same time, the Ministry of Finance will be assigned to preside over and coordinate with relevant ministries, agencies and organizations to promptly develop legal regulations to allow Vietnamese enterprises and organizations to issue their virtual assets to mobilize financial resources to serve production and business activities and develop the activities of that organization.
This will help develop the economy in general, serve growth goals, catch up with the general trend of the world and the region in developing virtual assets and virtual currency. These are contents that our country can catch up with, not letting Vietnam fall behind in this issue.
Previously, Prime Minister Pham Minh Chinh signed Directive No. 05 on key and breakthrough tasks and solutions to promote economic growth and accelerate the disbursement of public investment capital, ensuring the national growth target of 8% or more in 2025.
A noteworthy content is that the Prime Minister requested the Ministry of Finance to preside over and the State Bank of Vietnam to propose and submit to the Government in March 2025 on a legal framework for management and promotion of healthy and effective development of digital assets and digital currencies.
On March 5, at the regular Government meeting in February 2025, the Prime Minister requested the Ministry of Finance to urgently complete and submit regulations on the management of digital assets and digital currencies, learn from experience while working, gradually expanding, not being perfectionist, not being hasty.
