Vietnam looks to global best practices to develop crypto-asset market

Marco Dal Lago, Vice President for Global Expansion and Strategic Partnerships at Tether Group, described Vietnam as one of Tether’s most promising and strategic markets, citing its young population, dynamic economy, and substantial remittance inflows.

Deputy Prime Minister Ho Duc Phoc (right) meets with Marco Dal Lago, Vice President for Global Expansion and Strategic Partnerships at Tether Group on October 9 (Photo: VNA)
Deputy Prime Minister Ho Duc Phoc (right) meets with Marco Dal Lago, Vice President for Global Expansion and Strategic Partnerships at Tether Group on October 9 (Photo: VNA)

Hanoi (VNA) – Vietnam is keen to draw on international experience in developing its crypto-asset market, aiming to create a professional platform for investors, attract financial resources, and foster national economic growth, Deputy Prime Minister Ho Duc Phoc has said.

Speaking at a meeting with Marco Dal Lago, Vice President for Global Expansion and Strategic Partnerships at Tether Group, on October 9, Phoc noted that the Government has recently adopted Resolution No. 05/2025/NQ-CP on the five-year pilot of crypto asset trading. Competent authorities are currently reviewing applications and are expected to license around five strong crypto-asset trading platforms. Following the pilot phase, once stability is ensured, a comprehensive legal framework will be introduced to regulate the market.

The Deputy PM highlighted Vietnam’s robust economic performance, with an anticipated growth rate of about 8% this year and total import-export turnover of 911 billion USD. To maintain this momentum, he said, Vietnam needs significant resources for major infrastructure projects, such as expressways, high-speed railways, airports, seaports, and an international financial centre. Against that backdrop, Vietnam hopes to learn from technological and regulatory frameworks in other countries to operate a safe and transparent crypto-asset market.

Phoc also encouraged Tether Group to explore cooperation with a leading Vietnamese enterprise to develop a crypto-asset exchange.

Dal Lago described Vietnam as one of Tether’s most promising and strategic markets, citing its young population, dynamic economy, and substantial remittance inflows. With modern technology, competitive costs, and extensive experience, Tether is confident in its ability to collaborate effectively with Vietnamese partners to build and manage crypto-asset trading platforms, he said.

He affirmed Tether’s commitment to supporting Vietnam in establishing a sustainable crypto-asset market. The group also expressed readiness to assist in developing a clear and transparent regulatory framework to help repatriate offshore financial flows and spur economic growth.

During their discussions, both sides exchanged views on system security and safety, policy formulation for crypto-asset trading, potential cooperation models, and best practices for managing capital flows through digital asset exchanges.

Tether Group is a leading global issuer of stablecoins, with total reserve assets exceeding 177 billion USD, including about 120 billion USD in US Treasury bonds./.

VNA

See more

Local residents and visitors tour and shop at a fair. (Photo: VNA)

Made in Vietnam Fair set to open in Hanoi

The Made in Vietnam Fair will showcase a wide range of products, including industrial and consumer goods, processed foods, agricultural produce and handicrafts, with the participation of distribution systems, e-commerce platforms, digital platforms and digital financial solution providers operating in Vietnam.

2025 a good year for Vietnam’s securities sector: SSC

2025 a good year for Vietnam’s securities sector: SSC

During the year, the SSC made significant progress in improving the legal and policy framework. Institutional work was implemented in a coordinated manner, including the issuance of two decrees, one resolution, seven circulars and three major schemes. At the same time, the regulator strengthened policy dialogue and expanded cooperation with international organisations to support the market upgrade process.

Vietnam shows strong FDI performance in the first 11 months of 2025 (Source: vtv.vn)

Vietnam shifting FDI attraction focus from volume to quality

As production relocation to Southeast Asia accelerates and competition for FDI intensifies, Vietnam faces increasing pressure from regional rivals such as India, Malaysia and Indonesia, which are offering bold tax incentives and developing specialised industrial parks. This reality requires Vietnam to shift its focus from attracting large volumes of capital to drawing high-quality investment, prioritising core technologies, innovation, value chain linkages and higher localisation rates.

Vice Chairman of the Ho Chi Minh City People’s Committee Hoang Nguyen Dinh inspects IUU fishing prevention efforts at Hung Thai Port in Long Hai commune. (Photo: VNA)

Ho Chi Minh City steps up oversight of unqualified fishing vessels

HCM City currently has 4,475 fishing vessels, all of which have been registered and updated on the VNFishbase system. Among them, 4,268 vessels, or 95.37%, have been granted fishing licences, while 207 unqualified vessels are being strictly managed and kept ashore.

Airlangga Hartarto (fifth from right), Indonesian Coordinating Minister for Economic Affairs, and CEO of VinFast Asia Pham Sanh Chau (sixth from right) at the plant opening ceremony on December 15. (Photo: VinFast)

VinFast inaugurates EV plant in Indonesia

The VinFast Subang plant was completed and put into operation just 17 months after groundbreaking, demonstrating the company's rapid execution capability and strong implementation capacity. This is VinFast's fourth operational facility worldwide, and its first plant in Indonesia and Southeast Asia outside of Vietnam.

From early December, major retail chains in Ho Chi Minh City have recorded a noticeable increase in shoppers seeking Tet products. (Photo: VNA)

HCM City businesses ramp up production to meet Lunar New Year demand

From early December, major retail chains in the city have recorded a noticeable increase in shoppers seeking Tet products. Many consumers are taking advantage of promotional programmes to purchase gift items with long shelf lives, such as confectionery, soft drinks and processed foods, well ahead of the holiday peak.

Workers process fish to be tinned for export at KTC Canned Food Factory under Kien Giang Trading JSC. (Photo: VNA)

Vietnam to host seminar on export growth strategies

Vietnam's exports rose 16.1% to 430.2 billion USD in the first 11 months of 2025, while total trade hit 839.8 billion USD during the same period. This strong performance shows that exports remain a key driver of economic growth, boosting Vietnam's standing on the world stage in recent years.

The vessel carrying the 2 millionth TEU arrives at Hai Phong Port. (Photo:VNA)

Hai Phong Port reaches 2-million-TEU milestone

Handling the 2 millionth TEU in 2025 not only demonstrates Hai Phong Port’s operational capacity and the collective efforts of its workforce, but also highlights its increasingly important role in regional and global supply chains, the confidence of shipping lines, logistics firms and the business community, and the effectiveness of policies to improve the investment climate and strengthen maritime infrastructure and services.

Melons labelled with traceability codes on display at the Song Van agricultural produce store in Ninh Binh city, Ninh Binh province. (Photo: VNA)

Tracing origins hindered by fragmented data systems

As the Government accelerates the digital economy, establishing a unified national traceability system has become a crucial move to end data fragmentation and disconnection among ministries, sectors and localities.