The Vietnamese government has called on Bybit, one of the world’s largest cryptocurrency exchanges, to share its  experience in developing a regulated digital asset market, said Deputy Prime Minister Nguyen Van Thang.

The Deputy PM made the statement at a meeting in Thursday with Bybit co-founder and CEO Ben Zhou. Thang elaborated that Vietnam is seeking the participation and expertise of international firms in completing its legal framework, managing and supervising trading activities, developing information technology infrastructure, and training human resources for the sector.

Thang also noted that the cryptocurrency market in Vietnam holds significant development potential but also carries risks, requiring strict management to prevent money laundering, fraud, and other violations. Vietnam welcomes foreign companies with strong financial capacity, technology, and experience to partner with Vietnamese enterprises during the pilot phase, he added.

In reply, Ben Zhou praised Vietnam’s progress in building a legal framework for digital assets. Bybit is willing to cooperate with Vietnamese partners and share international experience in institution-building and human resource training for the sector, the executive added.

In September 2025, the Vietnamese government issued a resolution on piloting cryptocurrency exchanges in Vietnam for five years. So far, about ten businesses have expressed their interests to join the program. Many banks and securities companies have established businesses for the pilot, including leading banks in Vietnam such as Techcombank, VPBank, LPBank, VIX Securities, and Sun Group.

In May 2026, Deputy Minister of Finance Nguyen Duc Chi said Vietnam’s digital asset exchange could begin official operations as early as the third quarter of 2026 under a pilot framework approved by the government.

Vietnam can launch digital asset exchange in Q3 this year, says Deputy Minister