Vietnam shortlists firms for first regulated crypto platforms
Vietnam has shortlisted five companies, including affiliates of major banks, to launch the country's first regulated crypto exchanges.Summary
Vietnam is advancing its plan to launch its first licensed cryptocurrency exchanges to reduce dependence on foreign platforms and enhance capital flow control. Five companies, including affiliates of Techcombank (TCEX), VPBank (CAEX), LPBank (LPEX), VIX Securities, and Sun Group, passed the initial qualification round for the pilot program, which started in September 2025. Licensed exchanges will face a 10 trillion VND ($380 million) capital requirement and a 49% cap on foreign ownership. The government also plans to implement a 0.1% personal income tax on transactions conducted through these licensed platforms. This move is intended to formalize the legal framework for crypto trading, which currently relies heavily on international platforms due to limited domestic options, and challenge the dominance of platforms like Binance.
(Source：Crypto Briefing)