On August 12, the Vietnam government announced that it would pilot a digital asset exchange in an international financial center. Three legal initiatives have laid the foundation for the digital asset field, including Congress passing a resolution to develop a financial center, the Ministry of Finance submitting a pilot bill for a digital asset exchange, and a new law clarifying the definition of asset classes. The Ministry of Finance is improving relevant pilot policies, which are expected to be submitted to the government in August, covering issuance, trading, management and other aspects. Service institutions can independently choose listed assets and give priority to high-liquidity varieties. Officials have emphasized blockchain as the core infrastructure and will strengthen cybersecurity and risk management. The central bank is studying the National Digital Currency (CBDC) model.