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The Vietnamese National Assembly has approved the establishment of an International Financial Center to pilot cryptocurrency asset trading.

By: theblockbeats.news|2025/08/12 13:22:02

BlockBeats News, August 12th: Pham Tien Dung, Deputy Governor of the State Bank of Vietnam, stated that the Vietnamese National Assembly has approved a resolution to establish an International Financial Center, allowing for the creation of a digital asset exchange platform. The Ministry of Finance has also submitted a draft resolution for a pilot program, designating blockchain as a core operational infrastructure. The "Industrial and Digital Transformation Law" has provided a clear definition of digital assets, virtual assets, and tokenized assets, establishing a specific legal foundation. The Vietnamese government has expressed its commitment to meeting regulatory requirements while creating a flexible sandbox environment that complies with global standards for businesses and investors.

After the CPI is published, traders increase their bets that the Federal Reserve will cut interest rates in September and December.

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