Vietnam Crypto Pilot – Rules for Trading and Payments

When navigating the Vietnam crypto pilot, a government‑led framework that separates crypto trading from crypto‑based payment activities. Also known as the Vietnam crypto regulatory sandbox, it sets licensing thresholds, reporting duties, and compliance timelines for businesses operating in the digital asset space. The pilot requires firms to obtain a trading license under crypto trading regulation Vietnam, while payment‑related services must follow a parallel set of rules. This dual‑track system enables innovators to experiment with tokenized services without breaching the country’s strict anti‑money‑laundering stance. In practice, the pilot connects the crypto payment rules Vietnam with the broader Resolution 05/2025, which outlines the licensing process and enforcement mechanisms.

Key Elements of the Pilot

The central piece of legislation behind the pilot is the Digital Technology Industry Law. This law defines what counts as a crypto‑related activity, splits them into “trading” and “payment” categories, and spells out the requirements for each. For trading, firms must register with the State Securities Commission, demonstrate AML/KYC procedures, and submit regular audit reports. Payment providers, on the other hand, need a separate license from the Ministry of Finance, must keep transaction caps below VND 5 million per user, and are required to integrate real‑time monitoring tools. Both paths share a common compliance checklist: secure storage of private keys, multi‑factor authentication, and annual compliance training for staff. The pilot also mandates that any promotional material clearly state the regulatory status of the service, which helps prevent misleading claims that could attract regulators’ attention.

What this means for you is a clearer roadmap whether you’re building a new exchange, launching a stable‑coin payment gateway, or simply trying to stay on the right side of the law. Below you’ll find articles that break down the licensing steps, compare the trading vs. payment regimes, and highlight real‑world examples of companies that have already secured their permits under the pilot. Armed with that knowledge, you can decide which path fits your business model, avoid common compliance pitfalls, and move faster in Vietnam’s emerging crypto ecosystem.