Opportunities and challenges for Vietnam in financial sector reform

Opportunities and challenges for Vietnam in financial sector reform

Vietnam is presented with several opportunities and challenges, as it builds a resilient and modern financial sector legal and regulatory framework.
Regulatory framework needed to boost Vietnam’s crypto scene

Regulatory framework needed to boost Vietnam’s crypto scene

While cryptocurrency exchange providers must go through a stringent selection process to obtain a licence in Singapore, with the same upcoming in Hong Kong, exchanges like Binance or Remitano can freely operate in Vietnam without a financial service provider licence, and investors who make capital gains on crypto do not have to pay any taxes.