Business

No firms propose to join crypto asset market yet: Official

Deputy Minister Nguyen Duc Chi said that following the issuance of Resolution No. 05/2025/NQ-CP on piloting a crypto asset market in Vietnam, the ministry has been urgently preparing for implementation.

Hanoi (VNA) - Although the Ministry of Finance has not received any official proposals from enterprises to join the crypto asset market, it has learned that some businesses are preparing for it, said Deputy Minister Nguyen Duc Chi at the Government's regular press briefing on October 5.

Chi stated that following the issuance of Resolution No. 05/2025/NQ-CP on piloting a crypto asset market in Vietnam, the ministry has been urgently preparing for implementation.

It has drafted detailed regulations for pilot operations, including taxation, fees and accounting policies, and has assigned specialised units to develop licensing procedures.

It is also coordinating with the State Bank of Vietnam and other ministries to finalise the framework, said the official.

Chi said that some enterprises have held technical discussions with ministry officials on IT systems, staff capacity, capital requirements and operational procedures, he said, adding that once fully prepared, they are expected to submit proposals for licensing in line with Resolution 05.

He stressed that the ministry hopes to license at least one enterprise before 2026, though this depends on businesses’ readiness.

Also at the press conference, the Deputy Minister answered questions on public investment disbursement. For 2025, the plan amounts to 1.112 quadrillion VND (42.1 billion USD), with 51% disbursed as of 30 September. The Government aims to reach 100%, he stated.

To meet this target, the Prime Minister has directed Deputy Prime Ministers to lead working groups with ministries and localities to address bottlenecks.

He underlined that achieving full disbursement is crucial for economic growth and macroeconomic stability, adding that drastic solutions are being rolled out by the Government.

Minister-Chairman of the Government Office Tran Van Son reaffirmed the Government’s determination to fully disburse public investment capital this year, stressing that the plan has been carefully aligned with inflation control, exchange rate stability and overall macroeconomic management./.

VNA
#Ministry of Finance #crypto asset market #Resolution 05 #crypto currency
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