Comparison: Top 5 Vietnam Crypto Exchanges List, Licensing Requirements, and Latest Developments
Vietnam’s digital asset market is entering a new phase as the Government implements a pilot framework and selects up to five organizations to provide crypto asset services. So, which five crypto asset exchanges are being considered, which companies are behind them, have they been officially licensed, and when will Vietnamese users be able to trade on these exchanges?
Below provides an overview and the latest updates on the five prospective crypto asset exchanges in Vietnam currently being considered by regulators as part of the pilot market implementation.
Note: The five companies below should not be understood as five exchanges that have already received official operating licenses. According to the latest updates, the five companies have received in-principle approval in the first round, but they are still in the process of meeting the requirements for official licensing.
What Are the 5 Crypto Asset Exchanges in Vietnam?
According to information released during the implementation of the pilot program, the five companies being considered are:
- VIXEX – VIX Crypto Asset Exchange
- SCEX – Sacom Crypto Asset Exchange
- CAEX – Vietnam Prosperity Crypto Asset Exchange
- TCEX – Techcom Crypto Asset Exchange
- Vietnam Digital Assets Joint Stock Company
These five companies correspond to the five exchanges that received in-principle approval in the first round of the licensing process.
This is highly significant for Vietnam’s crypto market because Resolution 05/2025/NQ-CP provides for the Ministry of Finance, in coordination with the Ministry of Public Security and the State Bank of Vietnam, to select up to five crypto asset service providers during the pilot phase.
1. VIXEX – VIX Crypto Asset Exchange
VIXEX is the abbreviated name of VIX Crypto Asset Exchange Joint Stock Company.
This was one of the first companies identified as having a complete and valid application during the review process for licensing the crypto asset market.
According to the application information disclosed during the review process, VIXEX initially had VND 1,000 billion in charter capital. Its founding shareholders included FTG Vietnam, VIX Securities, and 3C Computer – Communications – Control JSC.
However, it is important to distinguish between current charter capital and the capital requirement for obtaining an official license.
Under Resolution 05/2025/NQ-CP, one of the key requirements for an organization providing crypto asset market trading services is paid-in charter capital of at least VND 10,000 billion.
Therefore, VIXEX still needs to fulfill the remaining regulatory requirements before it can receive an official license.
Is VIXEX a Licensed Crypto Exchange?
Not yet.
VIXEX is currently among the five companies that received in-principle approval in the first round. However, this does not mean that VIXEX has already received an official license to operate a crypto asset exchange in Vietnam.
2. SCEX – Sacom Crypto Asset Exchange
SCEX is one of the five names involved in Vietnam’s pilot crypto asset market implementation.
SCEX is known as Sacom Crypto Asset Exchange Joint Stock Company.
The company is being considered alongside VIXEX, CAEX, TCEX, and Vietnam Digital Assets Joint Stock Company as part of the five companies that received in-principle approval in the first round.
One of the most notable aspects of SCEX is its capital increase process as it works toward meeting the minimum capital requirement under the regulations.
According to information updated in early September 2026, SCEX had increased its charter capital to approximately VND 5,000 billion, meaning it had completed a significant portion of the journey toward the VND 10,000 billion minimum capital requirement under Resolution 05/2025/NQ-CP.
Has SCEX Been Licensed?
Not yet.
SCEX is still in the process of completing the requirements necessary to obtain an official license.
Therefore, users should not interpret SCEX’s inclusion among the five companies receiving in-principle approval as meaning that SCEX has already become a licensed crypto asset exchange in Vietnam.
3. CAEX – Vietnam Prosperity Crypto Asset Exchange
CAEX is Vietnam Prosperity Crypto Asset Exchange Joint Stock Company.
The company is part of an ecosystem associated with VPBank and is one of the most notable candidates in the race to establish a crypto asset exchange in Vietnam.
CAEX initially had charter capital of VND 25 billion when its application was disclosed during the early stage. The company subsequently carried out a major capital increase.
By April 2026, CAEX had increased its charter capital to VND 10,000 billion, becoming the first company among these candidates to meet the minimum capital requirement under the regulations.
This gives CAEX a significant advantage because the VND 10,000 billion capital requirement is one of the key conditions for moving toward an official license.
However, meeting the capital requirement does not automatically result in a license. The company must also satisfy other requirements relating to infrastructure, technology, personnel, risk management, information security, and other legal conditions.
Has CAEX Been Licensed?
CAEX has not yet received an official license to operate a crypto asset exchange.
CAEX is currently one of the five companies that received in-principle approval in the first round and is continuing to complete the licensing requirements.
4. TCEX – Techcom Crypto Asset Exchange
TCEX is Techcom Crypto Asset Exchange Joint Stock Company.
The name is associated with the Techcombank ecosystem, with companies involved in securities and fund management participating in its shareholder structure.
According to the application information disclosed during the licensing review, TCEX initially had VND 101 billion in charter capital. Its disclosed shareholders included Techcom Securities JSC, Techcom Capital Management JSC, and Mr. Nguyen Xuan Minh.
Compared with the minimum capital requirement of VND 10,000 billion, TCEX still has a significant capital gap and therefore needs to continue fulfilling the requirements before moving toward official licensing.
Is TCEX a Licensed Crypto Exchange?
Not yet.
TCEX currently belongs to the group of five companies that received in-principle approval as part of the pilot market implementation process.
5. Vietnam Digital Assets Joint Stock Company
The fifth name on the list is Vietnam Digital Assets Joint Stock Company.
The company is focused on developing a platform for providing crypto asset services in Vietnam and is also among the five applications initially assessed as complete and valid during the review process.
According to information disclosed during the application review process, the company initially had VND 1,000 billion in charter capital.
Like the other candidates, the company still needs to meet the requirements under Resolution 05/2025/NQ-CP before it can receive an official license.
Why Is Vietnam Selecting a Maximum of 5 Exchanges?
Limiting the number of crypto asset service providers is part of Vietnam’s pilot crypto asset market framework.
Resolution 05/2025/NQ-CP provides that the Ministry of Finance, in coordination with the Ministry of Public Security and the State Bank of Vietnam, will select up to five crypto asset service providers.
The purpose of this approach is to create a controlled market during the initial phase, allowing regulators to evaluate actual market operations before expanding or adjusting the regulatory framework.
This is also why the competition among companies seeking to become licensed providers is highly significant.
Requirements for a Crypto Asset Exchange to Be Licensed in Vietnam
Simply establishing a company and announcing plans to launch an exchange does not mean that a company can legally operate a crypto exchange in Vietnam.
Resolution 05/2025/NQ-CP establishes multiple requirements for organizations providing crypto asset market services.
Minimum Charter Capital of VND 10,000 Billion
One of the most notable requirements is that a company must have paid-in charter capital of at least VND 10,000 billion.
This is why capital has become one of the most important areas of competition among the candidates.
Shareholder Requirements
The resolution also requires at least 65% of charter capital to be contributed by institutional shareholders or institutional members.
More than 35% of charter capital must be contributed by at least two organizations belonging to categories such as commercial banks, securities companies, fund management companies, insurance companies, or technology businesses.
Technology and Information Security Requirements
Service providers must have an information technology system appropriate for their business activities.
Notably, the IT system must meet Level 4 information system security standards before it can be put into operation.
This is particularly important because a crypto asset exchange must handle high-value assets, user data, continuous transactions, custody requirements, and security risks.
When Will the 5 Vietnamese Crypto Exchanges Officially Launch?
At present, it is not possible to confirm the exact date when the five exchanges will officially begin operations.
According to the latest update in September 2026, the Government is pushing to accelerate the implementation of the pilot crypto asset market. However, regulators have indicated that the companies are still working to meet the necessary requirements for official licensing.
Therefore, claims such as “VIXEX has launched,” “CAEX has been licensed,” or “TCEX is officially operating” should be verified against official sources before users register or transfer assets.
Should You Trade Crypto on Vietnamese Exchanges Right Now?
If a platform has not received an official license, you should not automatically assume that it is a government-licensed crypto asset exchange.
In particular, the fact that a company:
- has been established;
- has substantial capital;
- belongs to a banking or securities ecosystem;
- has received in-principle approval;
- is among the five applications assessed as complete and valid;
does not mean that the company has completed the entire licensing process.
Users should check the official licensing status before trading.
How Are the 5 Vietnamese Crypto Asset Exchanges Different from Binance and OKX?
The biggest difference lies in their regulatory framework and target market.
Binance and OKX are international crypto exchanges with extensive product ecosystems. Meanwhile, licensed crypto asset service providers in Vietnam will operate within Vietnam’s regulatory framework and be subject to oversight under the pilot program.
Under Resolution 05/2025/NQ-CP, domestic investors may open accounts with crypto asset service providers licensed by the Ministry of Finance to custody, buy, and sell crypto assets in Vietnam.
This could create a new market for Vietnamese investors, particularly as the legal framework and trading infrastructure continue to develop.
Comparison of the 5 Vietnamese Crypto Asset Exchanges
| Exchange | Company | Current Status | Key Highlight |
|---|---|---|---|
| VIXEX | VIX Crypto Asset Exchange | In-principle approval | Associated with VIX Securities ecosystem |
| SCEX | Sacom Crypto Asset Exchange | In-principle approval | Continuing to fulfill capital requirements |
| CAEX | Vietnam Prosperity Crypto Asset Exchange | In-principle approval | Increased capital to VND 10,000 billion |
| TCEX | Techcom Crypto Asset Exchange | In-principle approval | Associated with the Techcom ecosystem |
| Vietnam Digital Assets | Vietnam Digital Assets JSC | In-principle approval | One of the five first-round candidates |
Note: “In-principle approval” does not mean “official operating license.” The legal status of each company may change as the assessment and licensing process continues.
Conclusion
Vietnam’s crypto asset market is moving from a period dominated by trading on international platforms toward a new phase with a domestic regulatory framework and local crypto asset service providers.
The five names currently attracting the most attention are:
VIXEX, SCEX, CAEX, TCEX, and Vietnam Digital Assets Joint Stock Company.
However, it is important to emphasize that this is not yet a list of five officially licensed exchanges. As of September 2026, the five companies have received in-principle approval in the first round and still need to fulfill the remaining requirements to complete the licensing process.