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.
