Vietnam Introduces New Regulations on Reporting and Information Disclosure for the Crypto-Asset Market
To implement the pilot program for the crypto-asset market under Government Resolution No. 05/2025/NQ-CP, Vietnam’s Ministry of Finance officially issued Circular No. 165/2026/TT-BTC on October 31, 2026, comprehensively regulating the reporting and information disclosure regime for the crypto-asset market. The Circular will take effect on December 18, 2026, and applies to crypto-asset service providers, issuers, individuals and organizations participating in investment and market activities, as well as relevant regulatory authorities.（Vietnam crypto exchange）
I. Information Disclosure Requirements for Trading Platforms
Listing and Delisting Advance Notice: Crypto-asset service providers must publish asset selection results on their official websites at least 7 days prior to officially listing a crypto-asset for trading. Similarly, any decision to delist or restrict the trading of a specific asset must be announced at least 7 days in advance.
Intraday Real-Time Data Disclosure: During trading sessions, platforms must publicly disclose the following core market data:
- Total number of tradable asset types and the current status of each asset;
- Latest traded price, trading volume, intraday high/low prices, and price fluctuation range;
- At least the top three best bid and ask quotes remaining after order matching, along with their corresponding volumes;
- Buy and sell transaction values of foreign investors, categorized by asset type.
II. Periodic and Incident Reporting System for Institutions
- Daily and Monthly Reports: Service providers must submit trading activity data from the previous trading day to the State Securities Commission (SSC) before 15:00 on each trading day, and submit an overall market report for the previous month by the 10th of each month.
- Specialized Business Reports: The Circular also specifies reporting requirements regarding proprietary trading, crypto-asset custody, and the maintenance of licensing conditions for market trading services.
- IT Incident Emergency Reporting: In the event of an information technology failure that affects client trading, the relevant institution must report the incident within 24 hours of discovery, detailing the cause of the failure and the remediation plan.
III. Disclosure Obligations for Crypto-Asset Issuers
- Announcement of Offering Results: Issuers must announce the final offering results within 7 days after the completion of an asset offering.
- Tracking of Commitment Fulfillment: Starting from the end of the offering, issuers must regularly disclose the progress of fulfilling the commitments made in their prospectus every 6 months until all commitments to investors have been fully discharged.
IV. Language Standards and Data Retention Periods
- Bilingual Synchronization and Governing Language: Service providers and issuers must disclose information simultaneously in both Vietnamese and English. In the event of any discrepancy or difference in interpretation between the two language versions, the Vietnamese version shall prevail.
- Record Retention Period: All disclosed and reported information must be properly retained in both hard copy and electronic formats for at least 10 years. Public information posted on official websites must remain accessible for at least 5 years.