Vietnam’s new crypto rules to take effect on September 1 – Criticisms arise

No matter the exploits, no matter the scams, the crypto adoption scale is not slowing down. According to the VietnamPlus recent report, Vietnam is moving toward creating a regulated crypto market.

However, the country is not going fully into it but rather taking a cautious stance.

Here, the core idea is to bring crypto activity into a legal framework rather than allowing an entirely volatile market to develop outside government oversight.

That said, the government’s Resolution No. 05/2025/NQ-CP, issued on the 9th of September, 2025, established a pilot framework for the same.

That framework was like a roadmap that gave businesses a legal pathway into digital assets while allowing regulators greater control. Now the focus of the new framework is real-world assets (RWAs), with crypto assets required to be backed by tangible assets.

The challenge is finding the correct balance

One major issue is that Vietnam does not yet have a licensed crypto-asset exchange. This is important because even if the government has established the legal framework, investors still need regulated platforms through which they can buy, sell, and trade eligible crypto assets.

At the Vietnam RWA Summit 2026, officials said that five companies had passed the first assessment for developing crypto-asset exchanges. These companies are not automatically licensed yet.