Does SCEX Support Trading in Vietnamese Dong? Key Regulatory Insights for Vietnam’s Pilot Market
HANOI, Vietnam — As Vietnam accelerates its efforts to establish a regulated digital asset framework under Resolution No. 05/2025/NQ-CP, Sacom Crypto Asset Exchange (SCEX)—formerly known as LPEX—has emerged as one of the leading candidates in the Ministry of Finance’s evaluation process. Among investors and institutional market participants, a central question has surfaced: Does SCEX support trading in Vietnamese Dong (VND)?
The short answer is yes. Direct fiat integration with the Vietnamese Dong is a foundational requirement under Vietnam’s legal sandbox, and SCEX’s banking alignment positions it directly to execute VND-based crypto trading.
1. Mandatory Settlement in Vietnamese Dong (VND)
Under the regulatory guidelines governing Vietnam’s 5-year pilot program for digital asset exchanges, all licensed exchanges operating within the sandbox must conduct transactions exclusively in Vietnamese Dong (VND).
To comply with statutory anti-money laundering (AML) and counter-terrorism financing (CFT) laws, illegal foreign currency settlements are strictly prohibited. Consequently, SCEX is architected to support direct fiat-to-crypto order books, allowing verified users to deposit, trade, and withdraw funds seamlessly in local currency through integrated bank clearing channels.
2. Institutional Banking Connectivity via LPBank and Sacombank
SCEX’s ability to handle high-volume VND liquidity is backed by deep institutional affiliations across major domestic banking networks:
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Direct Fiat Gateways: Supported by major financial institutions like LPBank and Sacombank, SCEX leverages secure real-time bank transfer protocols for instant VND processing.
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Compliance & Tax Reporting: Direct VND trading enables automated tax withholding. Under the pilot policy, individual traders face a 0.1% transaction tax per trade (matching standard Vietnamese stock market levies), while corporate entities operate under a 20% tax on crypto net profits.
3. SCEX Simulator and Next Steps for Traders
Ahead of the full exchange launch targeted for the pilot phase, SCEX released its official SCEX Trading Simulator application on mobile app stores. Designed to satisfy Level-4 information system security protocols, the simulator gives local users a zero-risk environment to familiarize themselves with VND order placement, portfolio tracking, and automated eKYC verification procedures before real-money trading goes live.
Summary Table: Key Features of SCEX VND Trading
| Feature | SCEX Implementation |
| Fiat Base Currency | Vietnamese Dong (VND) exclusively |
| Banking Partners | Infrastructure connected via LPBank and Sacombank ecosystems |
| Individual Tax Rate | 0.1% per transaction (automatically processed in VND) |
| Identity Standard | National eKYC integration paired with Level-4 security compliance |
As Vietnam continues screening candidate exchanges to transition away from unregulated overseas platforms, SCEX’s VND-native architecture establishes a crucial bridge between traditional Vietnamese banking and the emerging Web3 economy.（Vietnam Crypto Exchange）