Vietnam Accelerates Preparations for Pilot Crypto Asset Exchange Launch
Ho Chi Minh City, February 27, 2026 — Following the establishment of a formal legal framework, Vietnam is fast-tracking the launch of its pilot crypto asset trading platform, set to officially debut before February 28. This initiative marks a significant step toward bringing the country’s vibrant yet previously unregulated crypto market under official oversight, aiming to foster sustainable growth, investor protection, and transparency.
Domestic Firms Gear Up to Seize Market Opportunities
Vietnamese enterprises involved in financial technology and securities are rapidly enhancing their operational capabilities to participate in the pilot programme. The move reflects strong market enthusiasm and confidence in the government’s plan to regulate the crypto asset sphere prudently.
One prominent participant, Vietnam Prosperity Crypto Asset Exchange JSC (CAEX), affiliated with VPBank (VPB), announced that it has mobilised substantial resources to fulfill the stringent requirements necessary for engagement in the pilot scheme. In a strategic bid to align with international best practices, CAEX has secured partnerships with global leaders specializing in exchange operations, liquidity provision, and custody services.
CAEX’s shareholders are in the process of finalizing an increase in the company’s charter capital to VND 10 trillion (approximately US$383.5 million), ensuring compliance with eligibility standards stipulated by the pilot programme. Nguyễn Hồng Trung, Chairman and CEO of CAEX, emphasized that the firm has completed key preparations, including upgrading technological infrastructure, recruiting experts, and setting up frameworks for international cooperation. These measures position CAEX to commence service delivery immediately after obtaining official licensing.
CAEX’s operational focus will emphasize system security, stringent cybersecurity protocols, and a user-centered experience. The firm is also committed to embedding comprehensive risk governance procedures aligned with global standards, which aim to protect investors and promote a transparent, stable crypto asset market.
Similarly, SSI Digital Technology JSC (SSID), a subsidiary of SSI Securities, has expanded its operational scope to include crypto-asset-related activities such as trading, brokerage, proprietary trading, as well as blockchain and distributed data processing services. This diversification signals a growing institutional interest within established securities firms.
Adding to the market momentum, Lộc Phát Vietnam Crypto Asset Exchange JSC (LPEX) notably increased its charter capital over 50-fold—from VND 6.8 billion to VND 360 billion—just before the Tết (Lunar New Year) holiday. This full capitalization by private investors underscores strong determination to position itself strategically ahead of the pilot launch.
Meanwhile, Techcom Securities JSC (TCBS) disclosed that its affiliate, Techcom Crypto Asset Exchange (TCEX), had already submitted its application for a digital asset exchange license as of January 15. Over the previous six months, TCEX invested proactively in bolstering technical infrastructure and refining operational protocols while awaiting regulatory approval.
Since 2025, several firms have emerged as serious contenders in the crypto asset space, including Vimexchange, VIXEX, TCEX, DNEX, and LPEX. Among them, Vimexchange stands out for rapidly achieving a charter capital of VND 10 trillion shortly after its inception in June 2025. Landmark Legal Framework Paves Way for Regulated Growth
After years of unregulated development, Vietnam’s crypto asset market has reached a regulatory milestone. On September 9, 2025, the Government issued Resolution No. 05/2025/NQ-CP, approving a five-year pilot programme for the crypto asset market. This programme is founded on principles of prudence, controlled experimentation, transparency, and investor protection.
Following up, the Ministry of Finance issued Decision No. 96/QD-BTC on January 20, 2026, outlining detailed licensing and operational procedures. These legal instruments collectively create an initial regulatory corridor for the industry. Further, in Resolution No. 23 from the Government’s January regular meeting, agencies were mandated to ensure the pilot exchange launches before February 28, 2026. Trần Quý, President of the Vietnam Institute of Digital Economy Development, highlighted that Vietnam’s digital economy is anticipated to reach approximately $50 billion by year-end 2026. The establishment of a legal mechanism combined with the pilot programme rollout will serve as a firm foundation for continued expansion in this sector.
Outlook: Towards a Regulated and Transparent Crypto Market
With foundational legislation in place and the pilot roadmap advancing, Vietnam’s crypto asset market is on track to transition into a regulated and sustainable phase. Coordinated implementation of infrastructure development, legal safeguards, and liquidity conditions is expected to enhance transparency and investor confidence.
If successful, this process will not only ensure safer trading environments but also integrate crypto assets as a new and vibrant component of the country’s growing digital financial ecosystem.
Source: Vietnam News Agency (VNA/VNS)
Photo Credit: VNA/VNS