Deputy Minister of Finance Nguyen Duc Chi at the Government Press Conference on October 5. Photo: VGP/Nhat Bac
During the regular Government Press Conference on the afternoon of October 5, Deputy Minister of Finance Nguyen Duc Chi provided updates on the pilot implementation of digital asset transactions.
According to Deputy Minister Chi, as of now, no formal proposals have been received. However, following the issuance of Resolution No. 05/2025, several businesses have registered for business activities related to digital assets.
At the technical level, some enterprises have met with functional units within the Ministry of Finance to gather comprehensive information for finalizing their proposals. Deputy Minister Chi emphasized that this ensures businesses are well-prepared and can accurately complete their proposals, while also establishing a clear coordination process with the Ministry of Finance for reviewing, evaluating, and granting licenses to operate digital asset trading platforms in accordance with Resolution No. 05.
Deputy Minister Nguyen Duc Chi further stated that the Ministry of Finance hopes to attract multiple businesses, but only a maximum of five will be licensed as per government regulations.
He noted that the Ministry is working diligently to ensure the first eligible businesses receive their licenses and begin operations as soon as possible.
The Ministry aims to expedite the process and issue licenses before 2026. However, this timeline depends on whether businesses can meet the necessary requirements.
Following the issuance of Resolution No. 05/2025, several major domestic companies have expressed interest in entering this field.
According to the National Business Registration Portal, Vimexchange (Vimexchange Joint Stock Company) was established with a charter capital of up to VND 10,000 billion.
Vimedimex Group (Vimedimex Pharmaceutical Joint Stock Company) contributed VND 5,000 billion, holding 50% of the capital, while Vimedimex 2 Pharmaceutical Joint Stock Company contributed VND 1,500 billion, equivalent to 15% of Vimexchange’s capital.
Other shareholders of Vimexchange include: Bao Tin Manh Hai Jewelry Joint Stock Company (10%), Hoa Binh Investment and Development Joint Stock Company (10%), Bien Tien Sa Joint Stock Company (6%), Hoa Binh Securities Joint Stock Company (2%), Vietnam Investment and Development Group Joint Stock Company (5%), and International Fund Management Joint Stock Company (2%).
On September 30, Loc Phat Vietnam Digital Asset Trading Floor Joint Stock Company (LPEX) was established with a charter capital of VND 6.8 billion. According to the National Business Registration Portal, LPEX’s founding shareholders are: Mr. Duong Van Quyet (40%), Ms. Nguyen Thi Bich Ngoc (30%), and Mr. Vu Phat Dat (30%).
Additionally, Vietnam Prosperity Digital Asset Trading Floor Joint Stock Company (CAEX) was established on September 19, 2025, with a charter capital of VND 25 billion. VPBank Securities Joint Stock Company (VPBankS) holds 11% of the capital, LynkiD holds 50%, and Future Land holds 39%.
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