Vietnam’s credit growth could inject liquidity into crypto markets

The State Bank of Vietnam (SBV) has predicted a big jump in credit growth, a move that is expected to see liquidity into global crypto markets amid rising adoption in the ￰0￱ to reports, the country’s central bank foresees a credit growth of about 20% before the end of ￰1￱ Thanh Ha, deputy governor of the central bank, mentioned on Friday that there needs to be more interest rate cuts to encourage economic growth and steer the country out of the uncertainty from the US-imposed tariffs, according to a report by ￰2￱ States President Donald Trump introduced an array of tariffs on April 2, which affected the markets and divided ￰3￱ the effect on the market has been limited, Vietnam wants to limit the effect of the uncertainty on its ￰4￱ makes shift towards digital assets In June, the Vietnamese government announced the legalization of digital assets as part of a broader technology ￰5￱ National Assembly announced the legalization of the assets, approving it under the Law on Digital Technology Industry on June ￰6￱ law, which is expected to take effect on January 1, 2026, will see Vietnam categorize digital assets as either virtual assets representing real-world tokenized products or crypto assets like Bitcoin and ￰7￱ law also mandates cybersecurity and anti-money laundering regulations aligned with international standards, an effort likely aimed at addressing concerns brought up by the Financial Action Task Force (FATF).

Vietnam has been on the FATF gray list since 2023, and under the new regulation, the country will be tasked with outlining specific business conditions, classifications, and oversight mechanisms for the different classes of ￰8￱ addition, the country launched a 5-year crypto market pilot that would bring stricter controls to the crypto ￰9￱ the pilot program, the government has also announced a prohibition on issuing on-chain fiat-backed assets, including stablecoins and ￰10￱ program, which has been effected after the announcement, will require crypto transactions, including issuance, trading, and payments, to be carried out in its native currency, the ￰11￱ region sees big jump in crypto transaction volumes Vietnam has been predicted to become a regional hub for crypto in Southeast Asia due to the focus of its government on emerging ￰12￱ factors that have helped the country include its youthful population, robust crypto adoption, pushing it into the fourth position on the Chainalysis’ 2025 Global Crypto Adoption Index.

Meanwhile, the Asia-Pacific (APAC) region remains the fastest-growing in terms of crypto ￰13￱ to Chainalysis, nine out of the top 20 countries on its Global Crypto Adoption Index are located in the ￰14￱ APAC region experienced 69% year-over-year growth in crypto value received as transaction volumes rose from $1.4 trillion to over $2.3 trillion in ￰15￱ adoption was led by India, Vietnam, and Pakistan, according to data from ￰16￱ has been doubling its efforts in the crypto industry at the beginning of the ￰17￱ weeks ago, the country called for exchanges to pick up licenses and begin operations locally. Meanwhile, Vietnam also deployed a national blockchain database for identification and public records in ￰18￱ blockchain was designed to serve as the regulated foundation for interacting with the digital economy, on-chain platforms, and internet ￰19￱ blockchain, NDAChain , is a layer 1 network with 49 nodes governed by private-public ￰20￱ is expected to make private data stored on centralized servers secure against cyberattacks by distributing data across a partially decentralized ￰21￱ seen where it ￰22￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.