Keyword: "crypto asset"

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Vietnam records over 220 billion USD in crypto asset flows in 2025

Vietnam records over 220 billion USD in crypto asset flows in 2025

Resolution No. 57-NQ/TW of the Politburo identifies science and technology, innovation, and digital transformation as the main drivers for rapid national development. In addition, the promulgation of the law on the digital industry and the Government’s Resolution No. 05/2025/NQ-CP dated September 9, 2025, on piloting the crypto asset market in Vietnam represent important legal milestones.

Basal Pay addresses critical bottlenecks in foreign visitors’ transactions and enables direct conversion between crypto assets and fiat money within seconds. (Photo: baodanang.vn)

Vietnam approves first sandbox trial for crypto asset conversion project

Basal Pay, featuring a three-tier identification system, automatically transmits transaction data and stores records for five years, enhancing users’ efficiency while supporting regulatory oversight of risks. It is expected to become a model of how Vietnamese firms could master technology and adhere to international standards from earliest stages.

Illustrative photo (Photo: baodautu.vn)

Vietnam urgently needs legal framework for digital assets: experts

According to blockchain research firm Chainalysis, blockchain-related capital inflows to Vietnam reached over 105 billion USD between 2023 and 2024, with estimated profits of 1.2 billion USD. A report by Triple-A shows that more than 17 million Vietnamese people, around 17% of the population, own digital assets, far above the global average of 6.5%.