( September 9, 2025, 09:00 GMT | Official Statement) -- MLex Summary: Vietnam has issued a decree to pilot a digital asset market for five years, marking the country’s first regulatory framework since the Law on Digital Technology was passed in June. Decree 05, released Tuesday, requires that digital assets issued in Vietnam be backed by real-world assets, excluding securities and fiat currency, and may be offered only to foreign investors. Issuers must be Vietnamese limited liability or joint-stock companies under the Law on Enterprises. Both foreign and domestic investors may open accounts to trade through licensed service providers, though deposit instructions apply only to foreign investors. To operate a crypto exchange, providers must meet seven criteria, including a minimum charter capital of 10 trillion dong ($378.7 million), with at least 65 percent held domestically. The decree takes immediate effect.The decree, in Vietnamese, is attached. ...
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