Vietnam pushes asset tokenization but is hindered by its own regulation

• —Crypto platform pilot: dong settlements, 49% ownership limit, minimum capital of about $400,000
• —More than 17 million Vietnamese trade digital assets, mostly on foreign platforms
• —Vietnam has been on the FATF list since 2023, and the action plan deadline expired in May 2025
• —Inflation is 5.6% versus a 4.5% target, and the central bank cut its credit growth target to 15%