Vietnam's regulatory authorities have officially launched a pilot program for licensing cryptocurrency trading platforms. According to the relevant decision by the Ministry of Finance on January 20, 2026, the State Securities Commission has begun accepting applications for the establishment, modification, and revocation of licenses for trading platforms.

The new policy clarifies several key points: firstly, the applying institutions must be domestic Vietnamese companies, which means purely foreign-funded platforms cannot participate directly for the time being. Secondly, the minimum paid-in capital requirement is 100,000 yuan (currency to be confirmed), reflecting the regulatory authority's consideration of the platform's financial strength. The relevant regulatory framework refers to Government Resolution No. 05/2025/NQ-CP.

This pilot launch marks the beginning of Vietnam establishing a standardized framework for cryptocurrency trading at the official level. For trading platforms looking to enter the Vietnamese market, this presents both opportunities and challenges—meeting localization requirements and capital thresholds, but also gaining official recognition and compliance status.