<ul><li>The Prime Minister of Vietnam has ordered the Ministry of Finance and the State Bank of Vietnam to draft a comprehensive regulatory framework for digital assets within this month.</li><li>Vietnam aims to position itself at the forefront of financial innovation, secure tax revenue, and gain a competitive advantage in digital assets.</li><li>The country has seen significant inflows of digital assets, with $120 billion flowing into Vietnam in 2023.</li><li>The lack of a regulatory framework has led many businesses operating in Vietnam to register in Singapore and the US.</li></ul>

Vietnam Moves to Regulate Crypto as PM Orders Urgent Legal Framework

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