Carrying out the tasks assigned by the Government , Deputy Minister of Finance Do Thanh Trung said that the Ministry of Finance is assigned the responsibility of completing the legal framework to handle crypto assets, cryptocurrencies, etc. The Ministry of Finance has coordinated with relevant ministries and branches to study the current situation and international experience in management, etc. Accordingly, the Ministry recommends that the Government acknowledge the existence and potential of digital assets, which is a very important viewpoint.
In March 2025, the Government directed the Ministry of Finance to develop a legal framework for managing crypto assets and the Ministry coordinated with ministries and branches to implement this.
With the viewpoint and principle of cautious implementation with a roadmap, in accordance with reality, ensuring safety, transparency and efficiency, ensuring the rights and interests of individuals and organizations participating in the crypto market, this will be piloted in the market for trading and issuing crypto assets attached to assets (need to coordinate to clarify that this is not a security...).
Implementing on the trading market, issuing crypto assets promises to add a new capital mobilization channel for businesses in addition to traditional assets. The pilot implementation on the market must comply with the provisions of Vietnamese law and the laws of the countries where foreign investors participating in the crypto asset market are citizens.
“Based on the Prime Minister’s conclusion and the direction of Deputy Prime Minister Ho Duc Phoc, the Ministry of Finance has drafted a resolution of the Government to send to ministries and branches for comments. We will complete it and get comments from the Ministry of Justice . Currently, the Ministry of Finance is synthesizing, receiving and explaining comments to complete the next draft before reporting to the Government,” said Mr. Do Thanh Trung.
Regarding the growth target of 8% or more in 2025, the Deputy Minister of Finance commented that 2025 is a very difficult year with many unpredictable and hard-to-forecast issues. However, the Prime Minister and the Government are determined and making great efforts to achieve the growth target.
“At the Government meeting this morning, April 6, the Prime Minister still requested and determined that the growth target for the whole year of 2025 would remain unchanged, striving to achieve 8% or more, and that is the order of the head of the Government,” said Mr. Do Thanh Trung.
On that basis, the Ministry of Finance has developed the next growth scenario for each industry and sector, allocated to localities and regions. In general, the Ministry of Finance has set a growth target of about 8.3% for the second quarter of 2025 and about 8.3 - 8.4% for the third and fourth quarters, respectively.
Specifically, the manufacturing sector, in the first quarter of 2025, increased by 9.28% and with the scenario for the second quarter, this sector will increase by 10.1%. In addition, the country is implementing many solutions to overcome the targets contributing to growth that have not been met, such as the mining industry, electricity and gas production, etc. and implementing solutions to promote the current room that can contribute to growth, such as: Disbursing public investment capital, focusing more on the tourism and service sector (this is the sector that contributed a lot to growth in the first quarter).
Regarding foreign investment attraction and the possibility of the whole year 2025, according to the Deputy Minister of Finance, the first quarter of 2025 was quite good, newly registered capital and adjusted capital, capital contribution, and share purchase by foreign investors (FDI) in the first quarter reached approximately 11 billion USD, an increase of about 35% over the same period in 2024.
Commenting on the next quarters, the leader of the Ministry of Finance said that international organizations, banking and financial institutions all assessed the possibility of increasing the probability of a global economic downturn and possible economic decline, therefore, many organizations have lowered the global economic growth rate, which will certainly affect Vietnam. Moreover, the US tax policy is also a factor that greatly affects the psychology, business investment environment as well as the prospects and business investment environment of Vietnam.
"But with the Government's efforts, we will certainly gain the trust of investors and businesses," said the Deputy Minister of Finance.
Source: https://hanoimoi.vn/bo-tai-chinh-dang-hoan-thien-quy-dinh-ve-tai-san-ma-hoa-tien-ma-hoa-698096.html
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