In the telegram on a number of key tasks and solutions to reduce administrative procedures, improve the business environment, and promote socio-economic development issued on March 9, Prime Minister Pham Minh Chinh requested the Ministry of Finance to promptly complete the dossier of the pilot resolution to manage activities related to virtual assets and encrypted assets.

Specifically, the Prime Minister requested the Ministry of Finance to preside over and coordinate with ministries, agencies and localities to promptly complete the pilot resolution dossier to manage activities related to virtual assets and encrypted assets, and report to the Government Standing Committee before March 13, 2025.

Previously, the Ministry of Finance and the State Bank were assigned to submit to the Government a legal framework for managing digital assets and digital currencies this March.

At the regular Government press conference in February 2025, Deputy Minister of Finance Nguyen Duc Chi said that digital assets and digital currencies are very complicated and new issues not only for Vietnam but also for many countries in the region and around the world.

This issue is being thoroughly studied by relevant agencies, providing different legal frameworks to have a way to manage all activities related to virtual assets, digital assets transparently, serving the socio-economic development of each country, each economy.

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