Up to 5 businesses are licensed to pilot crypto-asset trading

VTV.vn - According to the Deputy Minister of Finance, a maximum of 5 enterprises will be licensed to pilot crypto-asset transactions. The Ministry is working hard to speed up the process so that licenses can be granted before 2026.

At the regular Government press conference on the afternoon of October 5, Mr. Nguyen Duc Chi - Deputy Minister of Finance informed about the pilot implementation of crypto-asset transactions.

Mr. Chi said that immediately after the Government issued Resolution No. 05/2025 on piloting the crypto asset market in Vietnam, the Ministry of Finance developed a detailed plan for implementation, focusing on developing detailed decrees to be able to pilot the crypto asset trading market.

The Ministry of Finance has assigned units to draft related contents such as tax policies for transactions, fees, and charges in crypto-asset transactions, and has deployed the development of related regulations on accounting for this activity for businesses as well as participants in this market.

In particular, develop a coordination process between the Ministry of Finance and a number of relevant ministries and branches such as the Ministry of Public Security , the State Bank of Vietnam, etc., to seek opinions and complete the licensing implementation processes, and consider granting licenses to units.

Mr. Nguyen Duc Chi - Deputy Minister of Finance

Mr. Chi said that up to now, the Ministry of Finance has not received any requests from businesses to register for crypto-asset business, but the Ministry also has information that some businesses have prepared for this.

Specifically, there are businesses that have registered their business lines to participate in the crypto-asset market, and have also coordinated at the technical level with officials of the Ministry of Finance to discuss issues on information technology, staff capacity, capital requirements, business processes, etc.

"This helps businesses have enough information, prepare in the most accurate and fastest way to complete their projects, as well as have a specific process to coordinate with the Ministry of Finance to review, appraise, and grant licenses to deploy the crypto-asset trading market in accordance with Resolution No. 05," said Mr. Chi.

According to Mr. Chi, the Ministry of Finance expects many businesses to be interested, but there will only be a maximum of 5 businesses according to Government regulations.

"We are implementing as quickly as possible so that the first businesses can be licensed and carry out this activity in the Vietnamese market as soon as possible. We hope to push it earlier than 2026. However, this depends on whether the businesses can meet the requirements or not. Hopefully, with close coordination between businesses and the functional units of the Ministry of Finance, we will be able to speed up this progress," said Mr. Chi.

Inflation under control

Regarding the issue of disbursement speed and macroeconomic stability, controlling inflation, Deputy Minister Nguyen Duc Chi said that the public investment plan for 2025 was assigned 1,112 million VND. Updated to September 30, 2025, the disbursement rate has reached over 51% of the plan. The Government's goal and action is to disburse 100% of the plan by 2025.

Regarding the impact of disbursing 100% of public investment capital on macroeconomic stability and growth, we all know and agree that disbursing public investment capital and implementing public investment capital plans are important factors, a pillar to achieve economic growth and ensure other macroeconomic balances.

“We can rest assured that the public investment plan is considered, decided and evaluated in overall relationship with growth, inflation and all other balances in a comprehensive model,” Mr. Chi emphasized.

According to the Deputy Minister, we will aim to control inflation within the approved inflation expectations. We do not have to worry or fret that public investment disbursement will have a negative impact on other macroeconomic indicators or major balances of the economy, but it will have a positive impact on all the indicators we have set out since the beginning of the year.

Minister, Head of the Government Office Tran Van Son

Speaking more about this issue, Minister and Head of the Government Office Tran Van Son said that this year we set a GDP growth target of 8.3-8.5%. Among the three pillars of growth is the investment pillar. Investment includes public investment, investment in non-state enterprises and investment in FDI enterprises. Regarding public investment, this year the plan is expected to strive for 100% disbursement and is calculated very carefully, between public investment disbursement, public investment plan and 100% disbursement with inflation control and ensuring macroeconomic stability as well as exchange rates and interest rates.

Source: https://vtv.vn/toi-da-5-doanh-nghiep-duoc-cap-phep-thi-diem-giao-dich-tai-san-ma-hoa-10025100518173308.htm