The development of digital assets, including digital currencies, in Vietnam would accelerate when regulatory frameworks are established to harness their potential while mitigating risks. This initiative aligns with Vietnam’s ambition to become a global financial hub, fostering comprehensive financial growth and attracting foreign investors. The Saigon Times spoke with Dr. Pham Nguyen Anh Huy, senior lecturer in finance and co-founder at Fintech-Crypto Hub, RMIT Vietnam University, and Associate Professor Nguyen Thanh Binh, senior program manager of Blockchain Enabled Business and co-founder of the Fintech-Crypto Hub, RMIT Vietnam University, to discuss this topic. What are digital money and digital assets? The Saigon Times: The prime minister recently instructed relevant agencies to draft policies and regulations for digital assets and a regulatory sandbox, with March 2025 chosen as the deadline. How do you view this decision? Do you think it is a necessary step toward piloting digital money and digital asset transactions within Vietnam’s future financial center? Why is this preparation important? Dr. Pham Nguyen Anh Huy: Establishing a regulatory sandbox for cryptocurrency transactions is a crucial step for Vietnam. It provides a structured environment to gain insights, manage risks, and capitalize on digital finance opportunities—provided that the pilot is closely monitored […]
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