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Rapid changes in digital finance—along with the growing use of blockchain, big data and artificial intelligence (AI) in market oversight—are creating new challenges for many countries. The shift requires building trust in the safe and sustainable development of the digital financial economy, preventing abuse, and putting in place policies and governance mechanisms that encourage innovation while safeguarding the national financial system.
The Ministry of Finance has introduced multiple measures to develop the digital economy and digital finance, supporting growth and sustainability. It is implementing digital transformation projects to support the operation of large-scale information systems, including the Customs digitalization project; information systems redesigning and supporting tax administration processes; the information system on the state budget and accounting; and the KRX information system serving the stock market.
In the crypto-asset sector, the Ministry said a legal framework is urgently needed to protect the legitimate interests of market participants. The Ministry has submitted to the Government a proposal for a resolution piloting the crypto-asset market in Vietnam. The Ministry described this as the first regulatory framework for the crypto-asset market in Vietnam, intended to lay the foundation for the domestic market while promoting innovation with prudence, supervision, safety, transparency, efficiency, and protection of legal rights and interests of organizations and individuals participating in the market.
“For now, the Ministry has coordinated with the Ministry of Public Security and the State Bank of Vietnam to approve five units to prepare to provide services for the crypto-asset market. We believe that the earliest in Q3 there will be initial activities of the official crypto-asset market in Vietnam, with service providers and state oversight to ensure safety and transparency for the market,” said Nguyen Duc Chi, Deputy Minister of Finance.
On the stock market, Bui Hoang Hai, Deputy Chairman of the State Securities Commission (UBCKNN), said digital transformation is no longer optional or merely an auxiliary trend, but an essential requirement for developing the financial market and the stock market in particular.
UBCKNN data cited in the article shows there are 12 million accounts, and almost 100% of stock market trades are conducted online. With a large base of accounts, technology is described as a key driver for attracting customers and supporting the rise in stock accounts and investor participation.
The article also notes that brokerage firms and market participants have launched technology-based products and services for different investor groups, including online account opening via eKYC, online stock trading, AI applications, and technology-enabled customer support.
The article states that trading volume has grown significantly in recent years, supported by digital transformation and easier participation for international investors. In 2025, the average daily trading value exceeded over 29,000 billion VND. In early 2026, it rose further to more than 31,000 billion VND on average.
Regarding liquidity, UBCKNN representatives said Vietnam’s stock market liquidity—supported by science and technology—ranks among the highest in Southeast Asia. The liquidity indicators are described as reflecting the market’s attractiveness and as a key sign that Vietnam’s market is moving toward safety, sustainability, stability and transparency.
The article links these conditions to an upgrade by FTSE Russell: Vietnam’s market was upgraded to “emerging market” status since September 2025, and Vietnamese stocks are expected to be included in the FTSE Russell index in September 2026.
The State Securities Commission outlined coordinated measures across legal framework, technology infrastructure, ICT applications for information exchange and supervision, and training and risk warnings.
UBCKNN submitted to the Ministry of Finance and the Government a set of decrees and circulars. The documents are described as leveraging the implementation of Government Decision No. 06 on the application of population data, identification and electronic authentication, and as essential for achieving the upgrade target. UBCKNN also signed and implemented Plan 8790 in cooperation with the police to implement Decree 06.
In 2025, the KRX system was officially put into operation, ensuring seamless, stable and safe connectivity. The article describes it as integrating the entire process from trading to settlement and as creating a basis for the CCP (central counterparty) model by late 2026 to early 2027. It also said the KRX system provides comprehensive surveillance software to strengthen market management and transparency.
UBCKNN coordinated with stock exchanges and the Vietnam Securities Depository and Clearing Corporation (VSDC) to deploy a single information disclosure system since August 2024. It is also building an integrated supervision information system for 2024–2026, connecting three lines from securities firms, Sở/VSDC to UBCKNN, and building a centralized data warehouse while upgrading security infrastructure.
The article also states that UBCKNN issued Decision No. 54 to consolidate the Steering Committee for science and technology development and digital transformation.
UBCKNN issued Decision No. 722 approving the Investor Education and Awareness Project for 2025–2030, focusing on digital tools. It is coordinating with the Cyber Security Department and the High-Tech Crime Prevention Division of the Ministry of Public Security to organize information security seminars for securities firms, while strengthening inspections and risk monitoring.
In the near future, UBCKNN plans to: continue refining the legal framework by reviewing, amending and supplementing the Securities Law and adopting principles governing technology application and sandbox mechanisms; finalize regulations on electronic trading (including security and Open API) and study regulations on AI applications in trading under the AI Law; develop and modernize information technology systems to improve management and supervision and support analysis, forecasting and policy development aligned with market fluctuations; explore new technologies such as blockchain, big data and AI for market surveillance through a holistic information system and centralized data warehouse; and strengthen human resources and awareness through training for civil servants on digital transformation and continued public education and risk warnings for market participants and investors.
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