Numerous banks and securities companies are rushing to establish pilot digital asset exchanges, but most haven't met the charter capital requirements.

Major Vietnamese brokerage firms like SSI, TCBS, VPBankS, and VPS are planning to increase their capital in the near future, ahead of a potential market upgrade in October.

The Ministry of Finance proposes 5 trillion VND as the minimum capital for securities companies to establish organizations operating in financial centers.

Vietnam Prosperity Bank (VPBank) is finalizing procedures to participate in the pilot program for digital asset exchanges.

Vietnam's digital asset market will undergo a 5-year pilot program, according to a government resolution.

VIX securities has contributed 15 billion VND, acquiring a 15% stake in VIX digital asset exchange (VIXEX).

Da Nang has granted the first license in Vietnam for a pilot project to directly convert cryptocurrency to fiat currency and vice versa.