Vietnam to pilot digital asset exchange in international financial center

Three legislative initiatives have laid the foundation for the digital asset sector: the National Assembly's adoption of a resolution to develop financial centers, the Ministry of Finance's submission of a pilot proposal for digital asset exchanges, and the new law clarifying asset class definitions. The Ministry of Finance is currently finalizing the relevant pilot policies, which will be submitted to the government in August. These policies will cover issuance, trading, and management. Service providers will be able to independently select listed assets, prioritizing highly liquid assets. Officials emphasize blockchain as core infrastructure and will strengthen cybersecurity and risk management. The central bank is researching a model for a national digital currency (CBDC).