MARKET ENTRY / VIETNAM DESK
Vietnam entry is now a licensed pilot-market decision.
Panasia maps pilot eligibility, the licensed local service-provider route, Vietnamese-dong account flows, disclosure, AML, technology, and operating readiness.
Part of Market Entry.
- Pilot eligibility
- Licensed market operator
- Eligible Vietnamese entity
- Vietnamese-dong account flows
- AML & onboarding controls
- Technology providers
Eligible, or not.
Ho Chi Minh City is the commercial coordination point for a five-year national crypto-asset market pilot established by Government Resolution 05/2025/NQ-CP. Teams should begin with eligibility and the licensed local route, not a community campaign, then resolve entity, bank-account, capital-flow, disclosure, custody, technology, and AML dependencies.
ELIGIBILITY, LOCAL ROUTE, PARTICIPATION
04 / 09Inside the boundary, or outside it.
A pilot market rewards participants who can prove they stayed inside its scope. That proof is designed at the start, not assembled at the review.
Pilot eligibility
Define whether the issuer, service provider, investor flow, and activity fit inside the national pilot boundary at all.
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Licensed local route
Map the eligible Vietnamese entity, the licensed market operator, the bank, the technology providers, and the specialist counterparties.
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Controlled participation
Design disclosure, onboarding, AML, custody, Vietnamese-dong flows, and operating evidence before activation.
Pilots get audited.
Every operating team needs the boundary in front of it, or a growth channel will cross it without noticing.
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01
Test eligibility
Classify the organisation, asset, service, investor, and pilot use case.
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02
Build the local route
Identify the licensed provider, entity, bank, technology, and responsibility structure.
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03
Map capital and controls
Resolve account flows, disclosure, custody, onboarding, data, and AML requirements.
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04
Activate inside the pilot
Sequence only approved issuance, trading, service, and distribution activity.
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05
Hold the boundary
Keep the pilot's limits visible to every operating team so no channel drifts outside them.
A pilot has a start, a scope, and an end date.
06 / 09year duration of the national crypto-asset market pilot
5
Government of Vietnam — Resolution 05/2025/NQ-CP on the crypto-asset market pilot
Government Resolution establishing the pilot
05/2025
Government of Vietnam — Resolution 05/2025/NQ-CP on the crypto-asset market pilot
licensed local route a foreign participant must enter through
1
Government of Vietnam — Resolution 05/2025/NQ-CP on the crypto-asset market pilot
Government of Vietnam — Resolution 05/2025/NQ-CP on the crypto-asset market pilot
Resolution 05/2025/NQ-CP establishes the pilot crypto-asset market and its boundary, which is what makes Vietnam a scoped eligibility question rather than an open market.
Evidence as of
RESOURCES
08 / 09Continue into eligibility or the licensed local route.
OPEN THE VIETNAM DESK
09 / 09