Vietnam’s Crypto Pilot Program Faces Application Stalemate

Despite Vietnam’s government-sponsored crypto pilot program launched in September 2025, the program is yet to receive formal applications. The delay reflects a cautious approach to digital asset regulation and market dynamics, with firms hesitant due to stringent entry requirements. While several companies are preparing to participate in the digital asset market by registering additional lines of business, no formal applications have been submitted as of October 7, 2025.