Vietnam Opens Five-Year Crypto Market Pilot With Strict Local Control

Vietnam launched a tightly managed five-year pilot for crypto trading on September 9, setting high entry barriers for platforms and limiting token sales to foreign investors. The government’s resolution requires Vietnamese-incorporated operators to hold at least 10 trillion dong in paid-in capital, cap foreign ownership at 49%, and secure at least 65% of equity from institutions such as banks, brokerages, insurers, fund managers, or qualified tech companies. Pilot Opens With Strict Capital And Ownership Rules As per the new rules, local settlement must occur in dong, and issuers may sell only to foreign investors. The resolution was a controlled opening of a fast-growing market and outlined the core thresholds in detail source: https://beincrypto.com/vietnam-crypto-market-five-year-pilot-2025/