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	<title>Vietnam &#8211; Crypto Market Insights: Dive In with CryptoUpdate.io</title>
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		<title>Vietnam Government Bond Auction: $105 Million Raised — What It Means for 2026</title>
		<link>https://cryptoupdate.io/2026/07/08/vietnam-government-bond-auction-2026/</link>
					<comments>https://cryptoupdate.io/2026/07/08/vietnam-government-bond-auction-2026/#respond</comments>
		
		<dc:creator><![CDATA[Sophie Laurent]]></dc:creator>
		<pubDate>Wed, 08 Jul 2026 06:03:16 +0000</pubDate>
				<category><![CDATA[Forex]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[bond auction]]></category>
		<category><![CDATA[economic growth]]></category>
		<category><![CDATA[government bonds]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Vietnam]]></category>
		<guid isPermaLink="false">https://cryptoupdate.io/2026/07/08/vietnam-government-bond-auction-2026/</guid>

					<description><![CDATA[<p>Vietnam&#8217;s recent government bond auction has successfully raised $105 million, reflecting a robust demand for government securities amidst a backdrop of global economic uncertainty. This significant capital influx is expected to bolster the country&#8217;s fiscal position as it navigates the complexities of post-pandemic recovery and ongoing inflationary pressures. Background &#38; Context In recent years, Vietnam [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2026/07/08/vietnam-government-bond-auction-2026/">Vietnam Government Bond Auction: $105 Million Raised — What It Means for 2026</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Vietnam&#8217;s recent government bond auction has successfully raised $105 million, reflecting a robust demand for government securities amidst a backdrop of global economic uncertainty. This significant capital influx is expected to bolster the country&#8217;s fiscal position as it navigates the complexities of post-pandemic recovery and ongoing inflationary pressures.</p>
<h2>Background &amp; Context</h2>
<p>In recent years, Vietnam has emerged as one of Southeast Asia&#8217;s most dynamic economies, with a growth trajectory that has attracted foreign investment and strengthened its financial markets. The government&#8217;s initiative to issue bonds is part of its strategy to fund infrastructure projects and public services, which are essential for sustaining economic momentum. As of 2026, Vietnam&#8217;s bond market has gained traction, drawing interest from both domestic and international investors looking for stable returns in a volatile global market.</p>
<h2>Market Impact &amp; Analysis: Vietnam Government Bond Auction 2026</h2>
<p>The successful auction indicates a strong appetite for Vietnamese bonds, particularly against the backdrop of rising interest rates globally. With many central banks tightening monetary policy, investors are increasingly seeking safe havens. Vietnam&#8217;s bond yields, which remain attractive relative to those in developed markets, have positioned the country favorably for both risk-averse and yield-seeking investors.</p>
<p>Furthermore, the $105 million raised will be directed towards critical projects, including infrastructure development and social programs, which are vital for maintaining public support and economic stability. Analysts predict that this bond issuance could lead to an increase in foreign direct investment (FDI) in the coming quarters, as investor confidence in Vietnam&#8217;s macroeconomic stability grows.</p>
<h3>Expert Perspective</h3>
<p>Economists suggest that the bond auction&#8217;s success is a clear signal of market confidence in Vietnam&#8217;s economic policies. <strong>Nguyen Thi Lan, a senior economist at the Vietnam Institute for Economic and Policy Research</strong>, remarked, &#8220;This bond issuance not only reflects the government&#8217;s commitment to fiscal responsibility but also showcases the resilience of our economy in attracting both local and foreign investment. We expect to see continued interest in Vietnamese bonds as the economy stabilizes and grows.&#8221;
</p>
<h2>What This Means for Investors</h2>
<p>For investors, the implications of Vietnam&#8217;s successful bond auction are manifold. Firstly, the auction reinforces the attractiveness of Vietnam as a destination for investment, especially in government securities, which are seen as low-risk. Secondly, given the ongoing global inflationary pressures, the bond yields in Vietnam may provide a hedge against inflation for investors looking for stable returns. </p>
<p>Moreover, as Vietnam continues to develop its financial markets, the potential for growth in the bond sector presents opportunities for portfolio diversification. Investors should remain vigilant, however, as geopolitical tensions and global economic conditions could influence future bond performance.</p>
<h2>Key Takeaways</h2>
<ul>
<li>Vietnam raised $105 million in its latest government bond auction.</li>
<li>The bond issuance is crucial for funding infrastructure and public services.</li>
<li>Strong market demand reflects investor confidence in Vietnam&#8217;s economic stability.</li>
<li>Potential for increased foreign investment as bond yields remain attractive.</li>
<li>Investors should consider Vietnam bonds for portfolio diversification.</li>
</ul>
<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2026/07/08/vietnam-government-bond-auction-2026/">Vietnam Government Bond Auction: $105 Million Raised — What It Means for 2026</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
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		<title>Vietnam&#8217;s New Crypto Tax: 0.1% Trading Levy Explained in Detail</title>
		<link>https://cryptoupdate.io/2026/02/07/vietnam-crypto-tax-policy-trading-levy-explained/</link>
					<comments>https://cryptoupdate.io/2026/02/07/vietnam-crypto-tax-policy-trading-levy-explained/#respond</comments>
		
		<dc:creator><![CDATA[James Chen]]></dc:creator>
		<pubDate>Sat, 07 Feb 2026 09:01:01 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[Cryptocurrency Regulations]]></category>
		<category><![CDATA[Cryptocurrency Trading]]></category>
		<category><![CDATA[crypto]]></category>
		<category><![CDATA[cryptocurrency]]></category>
		<category><![CDATA[Policy]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[Vietnam]]></category>
		<guid isPermaLink="false">https://cryptoupdate.io/2026/02/07/vietnam-crypto-tax-policy-trading-levy-explained/</guid>

					<description><![CDATA[<p>Vietnam is set to introduce a groundbreaking tax on cryptocurrency trades, aligning with its stock market taxation policies. This move is part of a draft policy put forth by the Ministry of Finance, aiming to regulate digital asset transactions with a 0.1% levy, similar to existing stock trading taxes. Understanding the New Crypto Tax Policy [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2026/02/07/vietnam-crypto-tax-policy-trading-levy-explained/">Vietnam&#8217;s New Crypto Tax: 0.1% Trading Levy Explained in Detail</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Vietnam is set to introduce a groundbreaking tax on <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> trades, aligning with its stock market taxation policies. This move is part of a draft policy put forth by the Ministry of Finance, aiming to regulate digital asset transactions with a 0.1% levy, similar to existing stock trading taxes.</p>
<h2>Understanding the New <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Crypto</a> Tax Policy</h2>
<p>According to The Hanoi Times, under the new proposal, individuals engaging in <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> transfers via licensed service providers will incur a 0.1% personal income tax on each transaction&#x2019;s value. This taxation approach mirrors the current system applied to stock exchanges in Vietnam.</p>
<h3>Exemptions and Corporate Implications</h3>
<p>The draft policy outlines that <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a> transactions will be exempt from value-added tax. However, the 0.1% turnover-based tax is applicable to all investors, regardless of residency. Companies involved in <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a> dealings will face a different tax structure, with institutional investors subject to a 20% corporate income tax on profits after accounting for expenses.</p>
<p>This comprehensive tax framework classifies cryptocurrencies as digital assets dependent on cryptographic technology for issuance and transfer verification. In addition, Vietnam is setting stringent requirements for digital asset exchange operators, mandating a minimum charter capital of 10 trillion Vietnamese dong (approximately $408 million).</p>
<h2>Vietnam&#x2019;s Regulatory Landscape for <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Crypto</a></h2>
<p>Vietnam&#x2019;s regulatory approach is not just about taxation. The country is also opening its doors for licensing digital asset trading platforms, part of a five-year pilot program for a regulated <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a> market slated to begin in 2025. Despite these efforts, no companies have applied yet due to high capital requirements and strict eligibility conditions.</p>
<p>The State Securities Commission of Vietnam (SSC) has announced that applications for operating licenses will be accepted starting January 2026. This initiative is part of Vietnam&#x2019;s broader strategy to bring <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> under formal regulatory oversight.</p>
<p>As Vietnam continues to advance in the <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a> space, these regulations will play a crucial role in shaping the future of digital asset trading in the region. Investors and companies alike should prepare for these changes and understand the implications on their trading activities.</p>

<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2026/02/07/vietnam-crypto-tax-policy-trading-levy-explained/">Vietnam&#8217;s New Crypto Tax: 0.1% Trading Levy Explained in Detail</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
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		<title>Crypto News Roundup: Bitcoin Acquisition Signals, Vietnam&#8217;s Crypto Legalization, and Market Sentiment Amid Israel-Iran Conflict</title>
		<link>https://cryptoupdate.io/2025/06/16/crypto-news-roundup-bitcoin-acquisition-signals-vietnams-crypto-legalization-and-market-sentiment-amid-israel-iran-conflict/</link>
					<comments>https://cryptoupdate.io/2025/06/16/crypto-news-roundup-bitcoin-acquisition-signals-vietnams-crypto-legalization-and-market-sentiment-amid-israel-iran-conflict/#respond</comments>
		
		<dc:creator><![CDATA[Archire Tectre]]></dc:creator>
		<pubDate>Mon, 16 Jun 2025 01:00:44 +0000</pubDate>
				<category><![CDATA[Bitcoin News]]></category>
		<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[Cryptocurrency Regulations]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[crypto market sentiment]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[Israel]]></category>
		<category><![CDATA[Michael Saylor]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[strategy]]></category>
		<category><![CDATA[Vietnam]]></category>
		<guid isPermaLink="false">https://cryptoupdate.io/2025/06/16/crypto-news-roundup-bitcoin-acquisition-signals-vietnams-crypto-legalization-and-market-sentiment-amid-israel-iran-conflict/</guid>

					<description><![CDATA[<p>In the world of cryptocurrency today, Michael Saylor, the co-founder of Strategy, hints at an upcoming Bitcoin purchase amidst Middle East tensions. In other news, Vietnam has enacted legislation to regulate digital assets, and despite the ongoing Israel-Iran conflict, the crypto market sentiment remains bullish. Strategy&#x2019;s co-founder, Michael Saylor, shared a Bitcoin BTCUSD chart, suggesting [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2025/06/16/crypto-news-roundup-bitcoin-acquisition-signals-vietnams-crypto-legalization-and-market-sentiment-amid-israel-iran-conflict/">Crypto News Roundup: Bitcoin Acquisition Signals, Vietnam&#8217;s Crypto Legalization, and Market Sentiment Amid Israel-Iran Conflict</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>In the world of <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> today, Michael Saylor, the co-founder of Strategy, hints at an upcoming <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Bitcoin</a> purchase amidst Middle East tensions. In other news, Vietnam has enacted legislation to regulate digital assets, and despite the ongoing Israel-Iran conflict, the <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a> market sentiment remains bullish.</p>
<p>Strategy&#x2019;s co-founder, Michael Saylor, shared a <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Bitcoin</a> BTCUSD chart, suggesting an impending purchase by the company amidst the escalating geopolitical conflict between Israel and Iran. &#x201C;Bigger Dots are &#x20BF;etter,&#x201D; Saylor informed his 4.4 million followers in a recent post, pointing towards a purchase in the near future. As per SaylorTracker, Strategy presently holds 582,000 BTC, making it the biggest known corporate <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Bitcoin</a> holder. This potential acquisition signifies investor confidence in <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Bitcoin</a>, which has remained stable around $105,000 during the Israel-Iran conflict. However, an escalation in the war and subsequent impact on energy prices could affect risk-on-asset markets.</p>
<p>In a significant legislative move, the National Assembly of Vietnam endorsed the Law on Digital Technology Industry on June 14, thereby bringing digital assets under regulatory surveillance. The law, which comes into effect on January 1, 2026, categorizes digital assets into virtual assets and <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a> assets, excluding securities, digital fiat currencies, and other financial instruments from these categories. The government now needs to establish specific business conditions, classifications, and oversight mechanisms for these digital assets. This law also necessitates cybersecurity and Anti-Money Laundering measures in line with international standards, likely in response to Vietnam&#x2019;s inclusion in the Financial Action Task Force&#x2019;s (FATF) &#x201C;gray list&#x201D; since 2023.</p>
<p>Despite rising geopolitical tensions following Israel&#x2019;s airstrikes on Iran, the <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Crypto</a> Fear & Greed Index, a measure of overall <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a> market sentiment, remains in the &#x201C;greed&#x201D; zone. The Index stood at 60 in its latest update, with <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Bitcoin</a> falling 2.8% to $103,000 on Friday after Israel&#x2019;s claimed responsibility for the explosions in Tehran, and Iran&#x2019;s subsequent retaliation with ballistic missiles. Notably, <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Bitcoin</a> is currently trading at $105,670, according to CoinMarketCap.</p>

<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2025/06/16/crypto-news-roundup-bitcoin-acquisition-signals-vietnams-crypto-legalization-and-market-sentiment-amid-israel-iran-conflict/">Crypto News Roundup: Bitcoin Acquisition Signals, Vietnam&#8217;s Crypto Legalization, and Market Sentiment Amid Israel-Iran Conflict</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
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		<title>Vietnam Is Becoming The Hotspot Of Crypto: Report</title>
		<link>https://cryptoupdate.io/2021/08/16/vi/</link>
					<comments>https://cryptoupdate.io/2021/08/16/vi/#respond</comments>
		
		<dc:creator><![CDATA[Utsav K.]]></dc:creator>
		<pubDate>Mon, 16 Aug 2021 09:49:09 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[Vietnam]]></category>
		<guid isPermaLink="false">https://cryptoupdate.io/?p=1315</guid>

					<description><![CDATA[<p>Cryptocurrencies are becoming increasingly popular in South East Asia. A recent survey commissioned by Finder.com reveals that Vietnam tops the chart in crypto adoption. Over 42,000 people from over 27 countries including Europe, Asia and the Americas participated in the survey.&#xA0;&#xA0; Of all the 27 countries, over 41% of the participants from Vietnam confirmed that [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2021/08/16/vi/">Vietnam Is Becoming The Hotspot Of Crypto: Report</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="wp-block-paragraph">Cryptocurrencies are becoming increasingly popular in South East Asia. A recent survey commissioned by Finder.com reveals that Vietnam tops the chart in <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a> adoption. Over 42,000 people from over 27 countries including Europe, Asia and the Americas participated in the survey.&#xA0;&#xA0;</p>



<p class="wp-block-paragraph">Of all the 27 countries, over 41% of the participants from Vietnam confirmed that they had purchased cryptocurrencies. The most popular amongst Vietnamese <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a> users is <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Bitcoin</a>. Over 20% said that they had purchased <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Bitcoin</a> (BTC).&#xA0;</p>



<p class="wp-block-paragraph">The report also finds that <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Bitcoin</a> remains popular globally amongst <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a> users. South Asian countries are found to be the top adopters with more and more people using <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a>.&#xA0;&#xA0;</p>



<p class="wp-block-paragraph">The finder report states: &#x201C;Remittance payment may have played a significant role in these numbers, with <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> an option for migrants who want to send money home and avoid exchange fees.&#x201D;</p>



<p class="wp-block-paragraph">Apart from Vietnam, other countries that are having high levels of <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a> adoption according to the report are Indonesia, India, Malaysia and the Philippines. About 30% in Indonesia and India said they had purchased <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a>. 29% and 28% of respondents in&#xA0; Malaysia and the Philippines respectively said that they had purchased <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>crypto</a>.</p>

<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2021/08/16/vi/">Vietnam Is Becoming The Hotspot Of Crypto: Report</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
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		<title>Vietnam’s Central Bank To Initiate A Cryptocurrency Implementation Program</title>
		<link>https://cryptoupdate.io/2021/07/05/vietnams-central-bank-to-initiate-a-cryptocurrency-implementation-program/</link>
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		<dc:creator><![CDATA[Utsav K.]]></dc:creator>
		<pubDate>Mon, 05 Jul 2021 09:38:05 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[Cryptocurrency Regulations]]></category>
		<category><![CDATA[Vietnam]]></category>
		<guid isPermaLink="false">https://cryptoupdate.io/?p=973</guid>

					<description><![CDATA[<p>In the coming two years, Vietnam&#x2019;s central bank will work on a program designed to implement cryptocurrencies. Vietnamese government is weighing the possibilities by exploring advantages and challenges with digital assets. If the country gives digital currency a legal value, it would have an impact on Vietnamese economy. Countries across the globe are exploring possibilities [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2021/07/05/vietnams-central-bank-to-initiate-a-cryptocurrency-implementation-program/">Vietnam’s Central Bank To Initiate A Cryptocurrency Implementation Program</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
]]></description>
										<content:encoded><![CDATA[<ul class="wp-block-list"><li><strong>In the coming two years, Vietnam&#x2019;s central bank will work on a program designed to implement cryptocurrencies.</strong></li><li><strong>Vietnamese government is weighing the possibilities by exploring advantages and challenges with digital assets.</strong></li><li><strong>If the country gives digital currency a legal value, it would have an impact on Vietnamese economy.</strong></li></ul>



<p class="wp-block-paragraph">Countries across the globe are exploring possibilities with cryptocurrencies. Vietnam, where cryptocurrencies have become popular in recent years, is considering experimenting with digital assets. The country&#x2019;s prime minister has asked the central bank, the country&#x2019;s top financial authority, to start a pilot project and develop a strategy regarding cryptocurrencies and their use. The project is directed to last for two years.&#xA0;&#xA0;</p>



<p class="wp-block-paragraph">Pham Minh Chinh, the Prime Minister of Vietnam, believes that with the use of digital currencies the country can limit the use of paper currencies and said that with the popularity of cryptocurrencies increasing each passing day, it is impossible to ignore them.&#xA0;&#xA0;</p>



<p class="wp-block-paragraph">Huynh Phuoc Nghia, deputy director of the Institute of Innovation under the University of Economics HCM City, says that the plan includes evaluating the advantages and how the country can allow <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> adoption.&#x201C;&#xA0; The recognition of digital currencies by the central bank would help to accelerate this process,&#x201D; opined Nghia.</p>



<p class="wp-block-paragraph">Though the country doesn&#x2019;t recognise cryptocurrencies as legal tender, the number of <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> users in the country has risen steadily since 2017. Also,&#xA0; according to the data from the country&#x2019;s top financial authority, the use of digital payments has also grown at an exponential rate. Earlier in the year, El Salvador became the first country to make <a class="lar-automated-link" href="https://www.gate.com/share/CRYPTOUD" rel="nofollow noopener" target="_blank" 4536>Bitcoin</a> a legal currency and it wouldn&#x2019;t be surprising if we see other countries following suit.</p>

<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2021/07/05/vietnams-central-bank-to-initiate-a-cryptocurrency-implementation-program/">Vietnam’s Central Bank To Initiate A Cryptocurrency Implementation Program</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
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