Launch Crypto Startup Vietnam: 2025 Legal Guide & Opportunities

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Launch Crypto Startup Vietnam has emerged as one of Southeast Asia’s most promising destinations for cryptocurrency and blockchain startups. With groundbreaking legislation passed in June 2025 and a thriving digital asset ecosystem, the country is positioning itself as a regional hub for cryptocurrency. Here’s your comprehensive guide to launching a legal crypto startup in Vietnam.

Vietnam’s Crypto Revolution: The Game-Changing 2025 Legislation

The Digital Technology Industry Law: A New Era Begins

Vietnam passed the Digital Technology Industry Law, which officially recognises digital and crypto assets, marking a watershed moment for the country’s blockchain ecosystem. This landmark legislation, which takes effect on January 1, 2026, provides the legal foundation that crypto entrepreneurs have been waiting for.

The law introduces several key provisions:

Asset Classification: The law categorizes digital assets into two groups: virtual assets and crypto assets, with crypto assets defined by their use of encryption in validating creation. This clear distinction helps businesses understand which regulatory framework applies to their specific use case.

Legal Recognition: As of January 1, 2026, digital assets, defined as blockchain-based virtual and crypto assets, are recognized as legal property under Vietnam’s civil law, separate from traditional securities. This recognition provides crucial legal certainty for businesses operating in the crypto space.

Current Legal Status: What You Can Do Now

Although the comprehensive framework will take effect in 2026, the current legal landscape is already favorable for crypto startups. In 2024, the Ministry of Justice clarified a gray area, stating that owning cryptocurrency is not illegal and will not be banned. This clarification has opened doors for legitimate crypto businesses to begin operations.

However, it’s essential to note that the State Bank of Vietnam prohibits the issuance, distribution, and use of cryptocurrencies as a payment method. That said, it’s not illegal to own or trade cryptocurrency.

Essential Steps to Launch Your Crypto Startup in Vietnam

1. Business Registration and Licensing Requirements

Enterprise Registration Certificate (ERC): The Enterprise Registration Certificate (ERC) is required for all projects that aim to establish new entities within Vietnam. When obtained, the ERC will be accompanied by a number that will double as the tax registration number of the entity.

Specialized Licensing: Virtual currencies are very popular in Vietnam, which is why the government has announced that by 2025, new rules will be adopted to enable investors to operate cryptocurrency companies. While specific crypto licenses aren’t yet mandatory, preparing for the 2026 regulatory framework is essential.

2. Compliance and Regulatory Preparation

Upcoming Framework: The Ministry of Finance (MOF) and the State Bank of Vietnam (SBV) have been tasked with finalizing and submitting proposals for regulating crypto by the end of this month. Staying informed about these developments is crucial for long-term success.

Risk Assessment: Understanding the distinction between permissible activities (trading and holding) and restricted activities (payment processing) is crucial for maintaining compliance.

3. Tax Advantages and Incentives

Vietnam offers attractive incentives for technology startups. Foreign experts on qualifying tech projects receive a five-year income tax exemption, making it an attractive destination for international crypto entrepreneurs.

Key Business Models and Opportunities

Cryptocurrency Trading Platforms

With Vietnam’s high rate of crypto adoption, trading platforms represent a significant opportunity. The country’s tech-savvy population and growing digital economy create ideal conditions for crypto exchanges.

Blockchain Development Services

Vietnam’s strong IT sector provides an excellent foundation for blockchain development companies. The country’s skilled developer workforce and competitive costs make it attractive for blockchain projects.

DeFi and Web3 Applications

The new legal framework opens doors for decentralised finance (DeFi) applications and Web3 services, provided they comply with upcoming regulations.

NFT and Digital Asset Platforms

With clear legal recognition of digital assets, NFT marketplaces and digital collectible platforms can operate with greater certainty and confidence.

Market Opportunities and Statistics

Vietnam’s Crypto Adoption

Vietnam consistently ranks among the top countries globally in terms of cryptocurrency adoption. Despite a lack of regulatory framework, Vietnam’s adoption of digital assets is among the highest internationally, indicating strong market demand.

Economic Growth is directed, and the Government has agreed on a national growth target, which reflects the government’s commitment to fostering innovation and economic growth.

Digital PIBy

By 2025, the government is expected to achieve a rate of 20-25 percent for non-cash payment transactions, indicating a supportive environment for digital financial services.

Challenges and Considerations

Regulatory Uncertainty

While the 2025 legislation provides clarity, detailed implementation guidelines are still being developed. Startups must remain flexible and prepared to adapt to evolving regulations.

Banking Relationships

Establishing banking relationships can be challenging for crypto startups. Working with banks experienced in fintech and digital assets is advisable.

Talent Acquisition

Vietnam’s growing tech sector is creating competition for skilled blockchain developers and cryptocurrency professionals. Competitive compensation packages are essential.

Best Practices for Success

1. Legal Compliance First

Work with experienced local legal counsel to ensure full compliance with current regulations and preparation for the 2026 framework.

2. Build Strong Partnerships

Establish relationships with local financial institutions, technology partners, and regulatory bodies early in your journey to build a strong foundation.

3. Focus on Education

Vietnam’s crypto market benefits from education initiatives. Companies that invest in user education often see better adoption rates.

4. Prepare for 2026

Use the transition period to establish robust compliance systems and prepare for the full implementation of the regulatory framework.

The Road Ahead: What to Expect

Timeline for Implementation

The Digital Technology Industry Law takes effect on January 1, 2026, giving startups time to prepare and adapt their business models.

Regulatory Clarity

This comes ahead of the expected delivery of a framework to regulate cryptocurrency markets in 2025, providing businesses with the certainty needed for long-term planning.

Regional Leadership

Vietnam’s new digital tech law brings crypto assets under regulation and introduces bold incentives for AI and semiconductor industries, positioning itself for global tech leadership.

Conclusion

Vietnam’s progressive approach to cryptocurrency regulation, combined with its strong tech ecosystem and high crypto adoption rates, creates an ideal environment for blockchain startups. The 2025 Digital Technology Industry Law represents a significant step forward, providing the legal framework necessary for sustainable growth.

For entrepreneurs considering Vietnam as their destination for a crypto startup, the time is now. The regulatory environment is becoming clearer, the market opportunity is substantial, and the government is supporting digital innovation. By following proper legal procedures, staying informed about regulatory developments, and building compliant business models, crypto startups can thrive in Vietnam’s evolving digital economy.

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Ali Malik

Ali Malik is an experienced crypto writer specialising in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, Web3, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions. He is proficient in SEO optimisation.

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Blockchain Technology Transforming Industries and Unlocking

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Blockchain Technology Transforming Beyond Its Origins in Cryptocurrencies, blockchain technology is rapidly transforming various sectors worldwide. Blockchain’s exceptional security, openness, and efficiency are driving sectors including finance, healthcare, supply chains, and gaming forward today. Demand for certain blockchain development services continues to grow as companies strive to gain a competitive edge.

Companies are increasingly turning to blockchain development firms for customised blockchain development, innovative contract development, Web3 solutions, Bitcoin token creation, wallet app development, and centralised exchange development. Establishing scalable, future-proof blockchain ecosystems requires these services, as well as robust security.

Decentralised Systems on the Rise

Decentralised systems, which distribute data across multiple nodes, are replacing conventional centralised systems, where a single authority manages data. This system ensures openness, enhances data security, and reduces the likelihood of manipulation or unauthorised access.

To stimulate creativity, industries worldwide are adopting decentralisation. Decentralised systems also offer new lending and borrowing options in finance. Within supply chain management, blockchain guarantees authenticity and traceability. While real estate property transactions become quicker and more transparent, sensitive data in healthcare is kept safe and immutable.

Statista projects that the worldwide blockchain market will reach $163.83 billion by 2029. This expansion highlights the crucial role custom blockchain development companies play in enabling organisations to create tailored solutions tailored to specific sector needs.

Web3 Blockchain Solutions

For companies seeking to fully leverage blockchain, a Web3 development company offers comprehensive solutions. Technology: These firms create specialised solutions tailored to industry needs, design blockchain architecture for both permissioned and permissionless systems, and integrate blockchain technology into existing corporate infrastructures.

Through ongoing maintenance and support, they also ensure the long-term viability of blockchain systems. With enhanced security, increased transparency, and improved operational efficiency, this comprehensive strategy enables companies to transition from a centralised to a decentralised model.

Smart Contracts Revolution

Among the most revolutionary concepts in blockchain technology are smart contracts. By autonomously enforcing established norms and obligations, these self-executing digital contracts eliminate the need for external intermediaries. By lowering prices, optimising processes, and increasing transparency, creative contract development services are revolutionising various sectors. Platforms like Aave and Compound in the distributed finance sector utilise smart contracts to facilitate borrowing and lending. Companies like IBM use smart contracts in logistics to track the authenticity and movement of products throughout the entire supply chain.

Crypto Tokens in Blockchain

Blockchain ecosystems are primarily built on cryptocurrency tokens. Businesses can create a range of digital assets, including utility tokens, security tokens, stablecoins, and non-fungible tokens (NFTS), with the help of crypto token development services.

Utility tokens provide access to specific services hosted on a blockchain. Security tokens mark ownership in either digital or real-world assets. Stablecoins, which are pegged to fiat currencies, help mitigate volatility. Non-fungible tokens (NFTs) enable the ownership of digital art, virtual products, and other collectibles to be uniquely identifiable. Tokenisation’s ongoing development creates new revenue streams and business models for various sectors.

Centralised Exchanges in Crypto Adoption

Even if distributed exchanges are becoming increasingly common, centralised exchanges remain crucial for widespread crypto adoption. A centralised exchange development company helps companies create robust trading platforms with high liquidity, enhanced security, and a user-friendly interface.

Leading sites like Binance and Coinbase have set industry standards by providing dependable infrastructure that enables a large audience to engage in crypto trading. The parallel development of crypto wallet apps enables users to safely store, transmit, and access digital assets, thereby facilitating the expansion of blockchain ecosystems.

Boosting Blockchain Interoperability

Companies working on blockchain development are increasingly creating seamless solutions by aggregating smart contracts, tokens, and exchanges. These combined systems enable blockchain networks to become interoperable, facilitating better cooperation and scalability across multiple platforms.

The ability to securely share data and integrate multiple systems enables companies to operate more efficiently, develop innovations more quickly, and deliver enhanced services to consumers. The value and acceptance of blockchain ecosystems will continue to increase as they become more harmonious..

Choosing the Right Blockchain Partner

Blockchain technology has already demonstrated its transformative power, despite being in its early stages of development. From real estate and healthcare to financial services and logistics, companies are finding innovative approaches to decentralisation. Although they still exist, challenges such as scalability, control, and broad adoption are being gradually addressed through constant development. Now is the time for companies trying to stay ahead of the curve to explore the potential of blockchain.

Selecting the right blockchain development partner is crucial. Look for businesses with a strong dedication to long-term support and cooperation, an excellent track record of successful implementations, and proven expertise across leading platforms.

Unlocking Growth with Blockchain

Blockchain is a technical innovation that alters industry operations, not just a trend. Working with a reputable blockchain development company will help your organisation open fresh security, innovation, and growth potential.