Tether is actively pursuing collaborations with Vietnamese enterprises to promote cryptocurrency adoption in the country. Marco Dal Lago, Tether Group's Vice President for Global Expansion and Strategic Partnerships, highlighted Vietnam as a key market due to its youthful population and robust economy. During discussions with Deputy Prime Minister Ho Duc Phoc, Lago emphasized the potential for growth in Vietnam's crypto sector. Vietnam is currently running a 5-year pilot program for crypto trading, which permits only local firms to issue tokens for foreign investors. Deputy Prime Minister Phoc revealed plans to license approximately five strong crypto trading platforms and to collaborate with technology groups to ensure a secure trading environment.