Bitcoin 
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Solana 
USDC 
Dogecoin 
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TRON 
Vietnam’s Ministry of Finance is taking a serious look at digital assets — and it’s doing so with one of the biggest names in crypto. Bybit CEO Ben Zhou met with Finance Minister Nguyen Van Thang on April 17 to explore potential collaboration in crypto regulation, training, and infrastructure development.
The meeting, held at the Ministry’s headquarters, marked a rare and significant dialogue between the Vietnamese government and a global crypto exchange.
Bybit Eyes Vietnam’s Booming Market
Zhou, co-founder and CEO of Bybit, is currently evaluating opportunities in Vietnam’s fast-growing crypto market. During the meeting, he expressed interest in investing and cooperating with local authorities to help shape the country’s regulatory approach.
According to the Ministry’s official update, the two sides discussed establishing Vietnam’s first regulated virtual asset exchange, with Bybit offering support in areas such as training, legal frameworks, operational processes, and risk controls.
“The Ministry of Finance highly appreciates Bybit’s goodwill,” said Minister Thang. “These are all critical issues that require serious attention and thorough implementation.”
Addressing the Bybit Hack
Zhou also used the meeting to address concerns around a recent $1.5 billion hack, which had raised some eyebrows in the region. He emphasized that no users were affected, and that all investor funds were fully reimbursed. According to Zhou, the platform maintained full transparency and uninterrupted withdrawals during the incident, adding that all user assets are backed on a 1:1 basis.
Vietnam’s Push for Clearer Regulation
Vietnam is actively working to build a clearer legal framework for crypto. In January 2025, the Prime Minister instructed government bodies to classify digital assets and proposed piloting crypto exchanges in Ho Chi Minh City and Da Nang. The goal is to create a safe, transparent environment that reduces investor risk and curbs illegal activities like money laundering.
Additionally, One Mount Group was tasked with developing a homegrown Layer 1 blockchain network under the “Make in Vietnam” initiative, backed by up to $500 million in investment.
A Crossroads of Traditional Finance and Crypto
Following the government meeting, Zhou also met privately with Nguyen Duy Hung, CEO of SSI Securities Corporation, one of Vietnam’s oldest and most prominent financial firms. The two discussed the future of finance — where traditional and decentralized models may coexist.
“Different generations, different journeys,” Hung wrote. “We talked about where tradition and innovation meet to create lasting value.”
SSI is already involved in the crypto space through its partnerships with Tether and KuCoin, as well as its recently launched SSI Digital Ventures, a blockchain-focused fund with an initial $200 million in capital.
Vietnam’s Crypto Momentum Builds
According to Chainalysis, Vietnam ranked 5th globally in the 2024 Global Crypto Adoption Index, with over 17 million crypto holders and more than $105 billion in blockchain-related capital flows from 2023 to 2024.
The recent talks between Bybit, the Ministry of Finance, and SSI suggest Vietnam is inching closer to formalizing its stance on digital assets — and global players are already lining up to be part of the story.
