Vietnam will pilot a digital asset exchange in the international financial center.

[Vietnam to Pilot Digital Asset Exchange in International Financial Center] On August 12, the Vietnamese government announced that it will pilot a digital asset exchange in the international financial center. Three legal measures have laid the foundation for the digital asset field, including the National Assembly's resolution to develop the financial center, the Ministry of Finance's proposal for the pilot digital asset exchange, and the new law that clarifies asset category definitions. The Ministry of Finance is improving relevant pilot policies, which are expected to be submitted to the government in August, covering issuance, trading, management, and other aspects. Service agencies can independently choose listed assets, prioritizing those with high liquidity. The official emphasized that Blockchain is the core infrastructure and will strengthen cybersecurity and risk control. The Central Bank is studying the national digital currency (CBDC) model.