HANOI, May 13 (Xinhua) -- Vietnam expects to establish a cryptocurrency and digital asset market as early as the third quarter of this year, local media VnEconomy reported Wednesday, citing Deputy Minister of Finance Nguyen Duc Chi.
The deputy minister shared the expectation at the Digital Trust in Finance 2026 forum on Tuesday, while highlighting the government's commitment to strengthening the digital economy with a safe and transparent crypto asset market.
To achieve the goal, the ministry has launched several large-scale digital transformation projects aimed at improving services for citizens and businesses, including information technology systems for digital customs operations, redesigned digital tax administration processes and modernized state budget management systems.
The Ministry of Finance, together with the Ministry of Public Security and the State Bank of Vietnam, has adopted a scheme under which five eligible companies in Vietnam will provide services for the organization and operation of digital asset trading platforms, the report said.
Vietnam targets a digital economy accounting for at least 30 percent of the country's gross domestic product by 2030, with 80 percent of payments made cashless and more than 40 percent of firms participating in innovation activities, according to the report. ■