Hanoi, July 31 -- As digital assets become increasingly popular in Vietnam, experts are calling for the urgent creation of a legal framework to protect users, manage risks, and boost state budget revenues.

According to blockchain research firm Chainalysis, blockchain-related capital inflows to Vietnam reached over 105 billion USD between 2023 and 2024, with estimated profits of 1.2 billion USD. A report by Triple-A shows that more than 17 million Vietnamese people, around 17% of the population, own digital assets, far above the global average of 6.5%.

For three consecutive years, Vietnam has ranked among the top five countries in terms of cryptocurrency adoption.

Despite the impressive growth, the lack of regulations has exposed users ...