Piloting virtual currency exchange in Vietnam

Báo Đô thịBáo Đô thị05/03/2025

Kinhtedothi - At the Government press conference on the afternoon of March 5, Deputy Minister of Finance Nguyen Duc Chi informed about the issue of managing digital assets, digital currency or commonly known as virtual currency today.


Accordingly, Deputy Minister of Finance Nguyen Duc Chi said: This is a new and very complicated issue not only for Vietnam but also for many countries in the region and around the world that is being continued to be studied very carefully; providing different legal frameworks to create methods, towards transparent activities related to virtual assets and digital assets; towards socio-economic development of each country, each economy.

This is the reality that the Government leaders and the Prime Minister have seen and directed very urgently to research and build a legal framework for this activity in Vietnam.

Deputy Minister Nguyen Duc Chi said that earlier this week, the Government Standing Committee and the Prime Minister chaired a meeting to listen to the Ministry of Finance and relevant ministries and branches report on the situation of virtual currency and the direction of legal development related to virtual currency and virtual asset activities in Vietnam.

The Ministry of Finance has been assigned to report to the Government to issue a resolution this March. Accordingly, it will allow a pilot project to build and operate a virtual currency exchange for investors, organizations and individuals in Vietnam to participate, have a place to trade, have a place to make investments and buy and sell, organized by business units licensed by the State. The State will protect the legal and legitimate rights of organizations and individuals when participating in activities in this market.

At the same time, the Ministry of Finance is assigned to preside over and coordinate with relevant ministries, agencies and organizations to promptly develop regulations, laws and laws that allow Vietnamese enterprises and organizations to issue their own virtual assets to mobilize financial resources, serve production, business and development activities of that organization. Thereby, developing the Vietnamese economy in general, as well as serving the growth target, catching up with the general development trend of the world and the region in terms of virtual assets and digital assets.

"We must catch up with these things, not letting Vietnam fall behind" - Deputy Minister Nguyen Duc Chi emphasized.

Regarding the content of implementing the resolution on breakthrough policies for private enterprises, the decree, and the orientation content for this breakthrough policy, Deputy Minister Nguyen Duc Chi said that the Ministry of Finance has accepted the task assigned by the Prime Minister with a very urgent spirit. The Ministry is currently coordinating with relevant ministries and branches to summarize and evaluate the State's policies for enterprises, especially private enterprises.

The Ministry of Finance is coordinating with associations, industries, and businesses to listen to the aspirations of businesses, and coordinate directly with businesses, especially large businesses, to understand what their desires are. From there, the contents of the Government's Resolution and Decree are developed to properly implement the Party's policy of making breakthroughs and supporting and creating private businesses that can develop.

Deputy Minister Nguyen Duc Chi shared that the first thing we have to do is solve the bottleneck of the bottleneck, which is the mechanism and the law. The Ministry of Finance has deployed, reviewed, and urgently reviewed the fields and legal regulations within the Ministry of Finance's functional areas. "We will report to the Government to submit to the competent authority for immediate resolution. We find it necessary and very important" - Mr. Nguyen Duc Chi said.

The second is how to create an open environment so that private enterprises have the best conditions to access resources, access and use social resources in their production and business development strategies. From there, developing production and business activities brings growth to enterprises and the Party's breakthrough goals.

The Deputy Minister of Finance said that the responsibility of the Ministry, together with businesses and ministries, to calculate and propose the most suitable and best incentive policies, ensuring international commitments and the best for Vietnamese private enterprises to develop strongly not only in the Vietnamese economy but also in the region and the world, will be determined by the State.



Source: https://kinhtedothi.vn/sap-thi-diem-van-hanh-san-giao-dich-tien-aotai-viet-nam.html

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