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Trading on Centralized Exchanges in Vietnam: What You Need to Know

Published: 9/16/20253 min read
CryptoAZ Source

CryptoAZ Source

Vietnam’s digital asset market is entering a pilot phase under Resolution 05/2025 issued by the Government. This marks an important milestone, bringing the issuance and trading of tokenized assets into a legal framework. For domestic investors, trading on licensed centralized exchanges is the only lawful pathway. So, what should you keep in mind when participating?

Only Trade on Licensed Exchanges

Only service providers licensed by the Ministry of Finance are authorized to operate centralized exchanges.

Any transaction outside of these official platforms is considered a violation and may result in administrative penalties or even criminal prosecution.

Account Opening and Trading Conditions

  • Domestic investors are allowed to open accounts on centralized exchanges to custody and trade tokenized assets.
  • Investors must maintain transactions on licensed platforms for at least six consecutive months.
  • All payments and transfers must be conducted in Vietnamese Dong (VND).

Rules on Issuance and Tradable Products

  • Tokenized assets must be backed by real-world assets; they cannot include securities or the Vietnamese Dong itself.
  • Issuing organizations must publish a prospectus and relevant information at least 15 days before any public offering.
  • Foreign investors may participate, but only through licensed domestic entities.

Tax and Legal Obligations

  • Trading, transferring, and investing in tokenized assets during the pilot phase will be subject to tax regulations similar to securities.
  • Investors are responsible for proper tax declaration and payment.
  • Any acts of fraud, tax evasion, or money laundering through centralized exchanges will be strictly penalized.

Benefits of Trading on Licensed Centralized Exchanges

  • Legal protection: Avoid the risk of penalties.
  • Transparency: Information is publicly disclosed and strictly supervised.
  • Investor protection: Clear dispute resolution mechanisms minimize fraud risks.
  • Technology security: Systems must meet strict cybersecurity and data protection standards.

Conclusion

For investors, licensed centralized exchanges represent the only legal and safe choice during Vietnam’s pilot phase of the tokenized asset market. By complying with the regulations, investors not only reduce legal risks but also contribute to building a transparent and sustainable investment environment.