In March, a virtual currency exchange will be put into pilot operation.

That was the information given by Mr. Nguyen Duc Chi - Deputy Minister of Finance at the regular Government press conference on the afternoon of March 5. The virtual currency exchange will start this March.

Mr. Nguyen Duc Chi, Deputy Minister of Finance, affirmed that Vietnam will catch up with the world 's general trend of virtual assets, not falling behind - Photo: DANH KHANG

At the regular Government press conference on the afternoon of March 5, answering questions about the management of digital assets and virtual currencies, Mr. Nguyen Duc Chi, Deputy Minister of Finance, commented that this is a complicated and new issue.

Not only Vietnam but also countries in the region and the world are being carefully studied before introducing legal frameworks and operating methods to ensure transparency and serve socio-economic development.

The Prime Minister has directed to urgently research and develop a legal framework for this activity in Vietnam. This week, the Prime Minister chaired a meeting, in which the Ministry of Finance reported on the situation and orientations for developing a legal framework for the management of digital assets and virtual currencies.

"The Ministry of Finance has been assigned to report to the Government in March to issue a Resolution on the construction and operation of a virtual currency exchange so that investors have a place to trade," said Deputy Minister Nguyen Duc Chi, adding that this exchange will have investment activities of buying and selling, organized by units and enterprises licensed by the State.

At the same time, the State will protect the legal and legitimate rights of organizations and individuals when participating in this market.

In the coming time, the Ministry of Finance will coordinate with relevant agencies to soon issue regulations, allowing Vietnamese organizations and individuals to issue virtual assets to mobilize finance. From there, there will be more resources to serve production and business activities, serving the goals of development and growth.

"We will catch up with the world's general trend of virtual assets, not falling behind," affirmed the Deputy Minister of Finance.

Deputy Governor of the State Bank Dao Minh Tu answers at the press conference - Photo: HONG QUANG

Previously, responding to the directive to reduce lending interest rates, what measures should be implemented and what results will be achieved to ensure 8% GDP growth, Deputy Governor of the State Bank Dao Minh Tu said that this is a task that requires all levels of sectors and local authorities to actively participate.

This is to support capital for the economy, especially capital for growth, investment expansion, and increased capital application for businesses. Investment capital increases from many sources such as the state budget, private capital, capital through banks, and foreign capital.

According to Mr. Tu, to achieve 8% growth, the credit growth target is 16%, which means adding 2.5 million billion VND to the economy compared to the end of 2024.

So, how to rotate capital faster, clear the deadlock, unblock capital, especially capital stuck in projects. At the same time, continue to lower interest rates on the basis of reducing costs for banks, reducing lending interest rates.

Especially when the Prime Minister issued a telegram directing the reduction of lending interest rates, on the basis of reducing mobilization interest rates, businesses and depositors must share synchronously, mobilize and lend capital, and quickly rotate to serve production and business.

According to Mr. Tu, the State Bank has immediately directed commercial banks to adjust deposit interest rates. Statistics show that up to now, more than 12 banks have reduced interest rates by a significant amount, averaging 0.7%.

Many banks offer suitable credit packages for consumption, social housing, the poor and low-income people...

At the same time, the State Bank also closely monitors interest rates, creating proactive commercial banks with the spirit of sharing profits and costs with businesses, creating conditions for banks to have liquidity, capital, and increase input.

Source: https://tuoitre.vn/ngay-trong-thang-ba-se-dua-vao-thi-diem-van-hanh-san-giao-dich-tien-ao-20250305154231797.htm