Deputy Minister Nguyen Duc Chi - Photo: HONG QUANG
According to him, over the past time, the Ministry of Finance has researched experience, international situations, experts, and evaluated the situation of buying and selling, and participation in the field of crypto assets by Vietnamese citizens.
Report to the Politburo for comments
In the new conditions and not many countries have accepted the trading of this type of asset, Mr. Chi said that it is necessary to have a careful assessment with relevant agencies.
Currently, the Ministry of Finance has basically completed the projects in all aspects and proposed to report to the Government. The Government is very cautious and reports to the Politburo for approval on the pilot project.
"In our assessment, with the conclusion of the Politburo, the Government will soon complete and issue regulations related to the pilot organization of the crypto-asset trading market in Vietnam. Expected to be early in August or September" - Mr. Chi said.
Regarding the content related to how many trading floors will be licensed, Mr. Chi said that according to the assessment and forecast of the Ministry of Finance, the ministry will clarify the criteria, conditions, standards, information technology, processes, financial capacity, and professional capacity of the organization and staff proposed to participate.
From there, publicly disclose conditions and consider options.
The Ministry of Finance's proposed proposal also encourages the private economic sector to participate and carry out this work.
This is to encourage, in accordance with the Party's policy on private economic development, as this is a new field that requires creativity.
"To ensure competition, the pilot period will certainly be more than one unit, but it will not be too much in the double digits," Mr. Chi affirmed.
Pilot to ensure effective digital asset management
Previously in March, the Ministry of Finance recently submitted to the Government a draft resolution on piloting the issuance and trading of crypto assets (digital currencies). It proposed a coordination mechanism between management agencies such as the Ministry of Finance, the Ministry of Public Security, and the State Bank.
The goal is to promote market activities, minimize financial security risks, and ensure stability for the financial and monetary markets. This reality stems from the fact that the issuance and trading of crypto assets are growing rapidly in terms of issuance volume, transaction value, and complexity.
The pilot implementation allows management agencies to thoroughly research and evaluate the feasibility and conditions for practical implementation, minimize illegal acts such as money laundering and terrorist financing, protect investors, and create the premise for developing a transparent, safe, and sustainable financial market.
According to the tax authority, the specialized legal system related to digital assets still does not have clear regulations on identifying and classifying digital assets, as well as business activities, buying, selling and exchanging these types of assets, thereby serving as a basis for applying corresponding tax policies.
In case the specialized law on digital assets clearly defines the nature and allows digital assets to be traded and bought and sold as a type of property, tax obligations will be performed according to the provisions of tax law.
Currently, the trading, buying, selling or using of virtual currency in Vietnam does not have any legal basis. It is worth mentioning that in Vietnam, although not officially recognized, cryptocurrency transactions still take place.
A 2024 Triple-A statistic shows that Vietnam ranks second in the list of countries with the highest percentage of people owning cryptocurrency in the world. Many experts believe that Vietnam needs to build policies and frameworks for this type of asset.
Source: https://tuoitre.vn/thu-truong-nguyen-duc-chi-don-vi-thi-diem-san-giao-dich-tai-san-ma-hoa-khong-qua-hai-con-so-20250807160459782.htm
Comment (0)