Deputy Finance Minister: Cryptocurrency Market May Be Operational as Early as Q3
CafeF • 05/12/2026
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Summary
The core idea of the story, in a faster reading layer.
Deputy Finance Minister Nguyen Duc Chi said that Vietnam could operate a market for digital assets in the third quarter.
AI quick analysis
A short investor-focused read on transmission channels, sectors, and near-term watchpoints.
1) Context & Analysis Scope
- Vietnam is accelerating the development of the financial market, including the cryptocurrency market.
- The process of building the cryptocurrency market in Vietnam is being implemented.
- 2) Mechanism of Action:
- Expectations about the operation of the cryptocurrency market in Q3 may create a flow of funds into companies related to this field.
- The level of surprise from this news may be low, as there has been information about the process of building the cryptocurrency market in Vietnam.
- 3) Benefiting or Pressured Industry Groups:
Benefiting industry groups
- Information Technology, Finance, Banking, and companies related to the cryptocurrency field.
Industry groups that may be under pressure
- Companies with business activities related to traditional assets, which may be affected by the development of the cryptocurrency market.
4) Risks to Monitor
- Risks of delays in the operation of the cryptocurrency market.
- Risks of uncertainty about regulations and policies related to the cryptocurrency market.
- 5) Short-Term Timeframe:
- In the short term, the development of the cryptocurrency market in Vietnam may create opportunities for companies related to this field.
- It is necessary to closely monitor the progress of building the cryptocurrency market and related regulations.
AI-assisted synthesis only. Not investment advice.
Potentially affected tickers
Heuristic mapping from the story and reference listed-market data.
Source excerpt
Stored source excerpt from the original article, without rewriting the publication's voice.
Deputy Finance Minister Nguyen Duc Chi shared key information about the progress of building a cryptocurrency market in Vietnam. According to him, the government aims to complete the draft of the law on digital assets by the end of 2023, with a focus on regulation and risk management. The draft law is expected to cover taxation, licensing, and oversight of digital asset trading platforms. Regarding the current state of the market, the Deputy Minister stated that there are over 10 digital asset trading platforms operating in Vietnam, with a combined daily trading volume of over VND 10 trillion (approximately $420 million USD). He also mentioned that the government is working to establish a self-regulatory organization for the industry, which will help to ensure transparency and fairness in trading practices. The Deputy Minister emphasized the importance of regulating the digital asset market to prevent risks and protect investors. He also highlighted the need for education and awareness-raising campaigns to inform the public about the benefits and risks associated with investing in digital assets.