#VietnamCryptoPolicy Vietnam is rapidly transitioning from a crypto grey zone to a regulated experimental phase. The Ministry of Finance, directed by PM Phạm Minh Chính, must establish a legal framework on crypto assets by May 2025 to combat money laundering and terrorism financing . Starting March 2025, Vietnam will pilot a licensed crypto exchange sandbox in financial centres like HCM City and Đà Nẵng, with official exchange operations planned to begin in March 2025 . The upcoming Digital Technology Industry Law and draft crypto pilot resolution foresee a controlled market trial through December 2027 . Meanwhile, cryptocurrencies remain non-legal tender, but trading and holding are permitted .