Vietnam is set to launch a five-year regulated cryptocurrency market pilot on January 1, 2026, under the leadership of the Ministry of Finance. This initiative aims to create a structured digital asset framework, requiring a minimum capital of $379 million for market participants. The program will involve state-linked banks and major corporations, with expectations that liquidity will migrate to these regulated platforms. The pilot is supported by Vietnam's substantial $100 billion crypto market and its 20 million users. Deputy Prime Minister Ho Duc Phoc highlighted the government's cautious yet progressive approach, focusing on strict control and participant protection to ensure a secure and efficient market environment.