At a ceremony on Wednesday, the State Securities Commission (SSC) announced a Minister of Finance decision to establish the crypto asset trading market management board, which will operate under the SSC.

The move comes as crypto assets expand globally and increasingly integrate into digital economies, raising new requirements for investor protection and financial security.

Bui Hoang Hai, vice chairman of the SSC, has been appointed head of the newly formed board.

Speaking at the event, SSC chairwoman Vu Thi Chan Phuong said the new division faces both challenges and opportunities as Vietnam seeks to develop a regulated digital asset market.

She urged the board to accelerate the development of a legal and policy framework, strengthen market surveillance capabilities, and study international best practices.

Phuong added that the board must ensure transparency and responsibility in advising the government on licensing qualified enterprises to operate crypto asset trading activities in Vietnam.

Vietnam’s crypto market value topped $220 billion, placing the country third in the Asia-Pacific (APAC) region, New York-based blockchain analysis firm Chainalysis said in its "2025 Global Adoption Index".

Statistics show that from July 2024 to June 2025, the Vietnamese crypto market saw a robust growth rate of 55%, which, experts said, signals a shift from a speculative boom to a more mature and sustainable phase of development.

The Government on September 9 issued Resolution 05/2025 regarding the five-year pilot of crypto asset trading.

The document highlights Vietnam’s cautious yet progressive entry into regulated cryptocurrency market, establishing strict control, and protecting the legitimate rights and interests of both domestic and foreign organizations and individuals.