Traditional assets in tokenized form are expected to reach a staggering US$16 trillion by 2030, with millions of people already holding digital assets. Against this backdrop, regulators are being urged to introduce a legal framework for digital assets and cryptocurrencies to safeguard investors and prevent asset losses. Vietnam cannot stay on the sidelines On January 20, Bitcoin, the world’s most valuable cryptocurrency, soared past the US$109,000 mark, setting a new record amid optimism that U.S. President Donald Trump would ease regulations on the crypto industry. However, by February 27, its price had plummeted below US$85,000, marking a 20% decline against the previous month. Other cryptocurrencies have experienced even sharper drops, driven by fears that Trump’s tariff policies could put speculative assets at greater risk. Market jitters were further exacerbated by a high-profile theft of Ethereum, the world’s second-largest cryptocurrency, from the Bybit exchange. These events have delivered a significant blow to individual investors’ net worth. According to CoinMarketCap, the global cryptocurrency market’s total capitalization has plunged by US$810 billion since its peak in January 2025. In Vietnam, it is not uncommon to hear stories of individuals making quick fortunes through crypto trading—only to lose it all just as fast. N.B.H., […]
Traditional assets in tokenized form are expected to reach a staggering US$16 trillion by 2030, with millions of people already holding digital assets. Against this backdrop, regulators are being urged to introduce a legal framework for digital assets and cryptocurrencies to safeguard investors and prevent asset losses. Vietnam cannot stay on the sidelines On January 20, Bitcoin, the world’s most valuable cryptocurrency, soared past the US$109,000 mark, setting a new record amid optimism that U.S. President Donald Trump would ease regulations on the crypto industry. However, by February 27, its price had plummeted below US$85,000, marking a 20% decline against the previous month. Other cryptocurrencies have experienced even sharper drops, driven by fears that Trump’s tariff policies could put speculative assets at greater risk. Market jitters were further exacerbated by a high-profile theft of Ethereum, the world’s second-largest cryptocurrency, from the Bybit exchange. These events have delivered a significant blow to individual investors’ net worth. According to CoinMarketCap, the global cryptocurrency market’s total capitalization has plunged by US$810 billion since its peak in January 2025. In Vietnam, it is not uncommon to hear stories of individuals making quick fortunes through crypto trading—only to lose it all just as fast. N.B.H., […]
Traditional assets in tokenized form are expected to reach a staggering US$16 trillion by 2030, with millions of people already holding digital assets. Against this backdrop, regulators are being urged to introduce a legal framework for digital assets and cryptocurrencies to safeguard investors and prevent asset losses. Vietnam cannot stay on the sidelines On January 20, Bitcoin, the world’s most valuable cryptocurrency, soared past the US$109,000 mark, setting a new record amid optimism that U.S. President Donald Trump would ease regulations on the crypto industry. However, by February 27, its price had plummeted below US$85,000, marking a 20% decline against the previous month. Other cryptocurrencies have experienced even sharper drops, driven by fears that Trump’s tariff policies could put speculative assets at greater risk. Market jitters were further exacerbated by a high-profile theft of Ethereum, the world’s second-largest cryptocurrency, from the Bybit exchange. These events have delivered a significant blow to individual investors’ net worth. According to CoinMarketCap, the global cryptocurrency market’s total capitalization has plunged by US$810 billion since its peak in January 2025. In Vietnam, it is not uncommon to hear stories of individuals making quick fortunes through crypto trading—only to lose it all just as fast. N.B.H., […]
Continuous and abrupt changes in tariffs since U.S. President Donald Trump was re-elected for a second term have placed Vietnamese businesses on edge.
Trump’s implementation...
Rapid economic growth would play a crucial role in helping Vietnam escape the middle-income trap, narrow the gap with advanced countries, and move toward...
The development of digital assets, including digital currencies, in Vietnam would accelerate when regulatory frameworks are established to harness their potential while mitigating risks....
HCMC – The Commission for the Management of State Capital at Enterprises (CMSC) was officially dissolved on March 21, as stipulated in Government Resolution...
HCMC – The HCMC People’s Committee has approved the land reclamation component of the Can Gio coastal tourism urban area project, which will reclaim...