All notes

Vietnam notes

Vietnam • Apr 15, 2026

Vietnam's crypto pilot now has a bank-linked operator race

TCEX's complete-dossier status and CAEX's VPBankS/OKX/HashKey buildout show named operators forming inside Vietnam's controlled crypto pilot.

Vietnam • Apr 6, 2026

Vietnam builds the control stack behind its crypto pilot

Circular 41 turns Vietnam's crypto pilot into a deeper provider-control and reporting workflow.

Vietnam • Mar 29, 2026

Vietnam's crypto tax circular formalizes a licensed-market path without legalizing crypto payments

Vietnam's new crypto tax circular formalizes a fiscally operable pilot market without legalizing crypto payments, sharpening the read-through for licensed operator and bank-partnership paths.

Vietnam • Mar 7, 2026

Vietnam Ministry of Finance makes client-asset segregation a hard control in the crypto-asset pilot

Vietnam Ministry of Finance Circular 15/2026/TT-BTC makes client cash and crypto segregation, customer-level subledgers, and non-recognition of custodial client crypto as provider assets explicit controls in the crypto-asset pilot.

Vietnam • Feb 24, 2026

State Securities Commission of Vietnam is moving the crypto-asset market into operator build-out

Vietnam’s State Securities Commission signaled on 24 February 2026 that the crypto-asset market had entered operator build-out, backed by pilot rules and licensing intake.

Vietnam • Oct 21, 2025

9M25 call points to an affiliate-led digital-asset operator route

Techcombank's October 2025 earnings call tied any future digital-asset participation to TCBS or a new subsidiary, aligning the bank with Vietnam's licensed crypto-asset operator model.

Vietnam • Sep 10, 2025

Vietnam Resolution 05 turns foreign-investor crypto-asset access into a single-bank VND control lane

Vietnam Resolution 05 requires one dedicated VND account per foreign investor and makes crypto-asset services VND-only and Ministry of Finance-licensed.