According to Foresight News, an official from the Vietnamese Ministry of Justice said that cryptocurrencies are not banned in Vietnam, but it is necessary to develop a legal framework to ensure their normal development and prevent risks. The government has instructed the State Bank of Vietnam to study cryptocurrencies and virtual assets to prevent them from being used for money laundering, and has instructed the Ministry of Finance to develop a legal framework for them by May 2025.

According to a report by U.S. crypto data provider Chainaanalysis, Vietnam ranked third in the world in cryptocurrency earnings last year (after the United States and the United Kingdom), with profits reaching $1.18 billion.