Digital Assets Framework Drafted by March

Vietnam to Establish Legal Framework for Digital Assets by March

• Prime Minister Pham Minh Chinh has directed the creation of regulations for digital assets and currencies.
• The Ministry of Finance and the State Bank of Vietnam are responsible for drafting these regulations.
• A proposal is expected to be ready by March.
• This initiative is part of Directive No. 05.
• The directive aims to boost economic growth to at least 8% in 2025.

Vietnam’s Prime Minister Pham Minh Chinh has tasked the Ministry of Finance and the State Bank with drafting digital asset regulations, targeting an economic growth rate of at least 8% by 2025 as part of Directive No. 05, with a proposal due by March.