Has SCEX been licensed to trade cryptocurrencies?
Sacom Cryptocurrency Exchange Joint Stock Company (SCEX) has just been recorded as increasing its charter capital from VND 5,000 billion to VND 10,000 billion, equivalent to a 100% increase. This information was published by CafeF and Nguoi Quan Sat on October 14, 2026, citing business registration data. The new capital level meets the minimum charter capital threshold according to Resolution 05/2025/NQ-CP, but this does not yet mean SCEX has been licensed to operate a cryptocurrency exchange.
SCEX increases its charter capital by 5,000 billion VND.
According to business registration information published by CafeF on October 14, 2026, SCEX has adjusted its charter capital from VND 5,000 billion to VND 10,000 billion.
Thus, the company increased its capital by 5,000 billion VND, equivalent to double its previous charter capital.
The source also stated that all recorded capital contributions belong to the domestic private sector, with no foreign investment included in the aforementioned capital structure.
This is SCEX’s next significant capital increase in 2026.
Previously, in August 2026, the company adjusted its charter capital from VND 360 billion to VND 5,000 billion. This information was published by many media outlets in September.
With the newly announced capital, SCEX’s charter capital has changed significantly compared to its initial establishment.
However, it is necessary to distinguish between the registered capital recorded in the business registration documents and the results of the verification of actual contributed capital by the licensing authority.
What does a capital investment of 10,000 billion VND signify?
Government Resolution 05/2025/NQ-CP stipulates that organizations registering to provide services for organizing cryptocurrency trading markets must have a minimum contributed charter capital of VND 10,000 billion.
SCEX’s increase in charter capital to this threshold represents a significant step forward in terms of capital size as it prepares to participate in the pilot market.
However, reaching a charter capital of 10,000 billion VND does not automatically mean that a business meets all the licensing conditions .
The regulatory authority must also review documents proving contributed capital, shareholder structure, conditions for contributing organizations, and other requirements as stipulated by regulations.
Regarding the organization of cryptocurrency trading markets, Resolution 05 also sets out conditions on personnel, information technology systems, security, and business processes.
Therefore, information regarding capital increases should be viewed as a development in the process of fulfilling operating conditions, not as the final licensing outcome.
What is the current leadership structure of SCEX?
According to information published by CafeF and Nguoi Quan Sat (The Observer), Mr. Nguyen Duy Khoa currently holds the position of Chairman of the Board of Directors of SCEX.
Mr. Nguyen Xuan Thai holds the position of Vice Chairman of the Board of Directors.
Mr. Nguyen Xuan Thai is the son of Mr. Nguyen Duc Thuy, who currently serves as the Standing Vice Chairman of the Board of Directors of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank).
Other board members mentioned in the press include Mr. Doan Trung Kien, Ms. Nguyen Minh Huong, Mr. Nguyen Ba Phuoc, and Mr. Huynh Thi Hai.
Personnel information helps identify the corporate governance structure. However, a personal relationship between a leader and someone holding a position at the bank does not necessarily mean that the bank is a shareholder or underwriter for SCEX.
To accurately determine the ownership structure, it is necessary to rely on shareholder data and publicly available information from the relevant legal entities.
The capital increase follows LPS’s investment plan.
Information about SCEX increasing its capital to VND 10,000 billion emerged shortly after LPS Securities Joint Stock Company approved the plan to purchase newly issued shares of this company.
On October 2, 2026, the LPS Board of Directors issued Resolution No. 115D/2026/NQ-HĐQT, approving the principle of participating in SCEX’s capital increase.
Previously, LPS and SCEX established a strategic partnership starting in May 2026.
However, the information released so far does not clarify the actual number of LPS shares purchased, the amount of money contributed, and the ownership percentage after the transaction.
Therefore, it is not possible to conclude that all or a specific part of the 5 trillion VND additional capital of SCEX came from LPS without confirming data.
The next developments that need to be monitored are the results of LPS’s investment plan implementation and SCEX’s shareholder structure after the capital increase.
Has SCEX been licensed to trade cryptocurrencies?
Increasing the charter capital to VND 10,000 billion does not constitute a decision to grant a license to provide services for organizing cryptocurrency trading markets.
According to published information, SCEX is among the companies whose applications were fully and validly assessed at the initial review stage.
However, this application status should be distinguished from the final assessment of all conditions and the official licensing decision by the Ministry of Finance.
Businesses also need to fulfill requirements regarding technology, information security, personnel, asset management processes, and documentation proving their operating conditions.
As of the date of this article (October 14, 2026), the sources consulted have not provided an official decision confirming that SCEX has been granted a license to operate a cryptocurrency trading market.
Therefore, information about the capital increase should not be used to promote SCEX as an exchange authorized to provide cryptocurrency trading services to the public.
Data to continue monitoring after the capital increase.
This capital adjustment brings SCEX to a significant financial milestone in its preparation for entering the cryptocurrency market in Vietnam.
However, to fully assess the company’s progress, more specific information is still needed:
- Actual contributed capital: Documents confirming the capital contribution and the results of the capital eligibility check as required by regulations.
- Shareholder structure: The ownership percentage of organizations and individuals after the capital increase.
- LPS’s investment: The actual number of shares purchased and the ownership percentage after the transaction.
- Technology infrastructure: Progress in completing the trading, custody, and information security systems.
- Licensing status: Results of assessment and official decision by the Ministry of Finance.
This data is directly relevant to determining how well SCEX has met the service provision requirements.
SCEX takes another step forward in terms of capital size.
SCEX’s increase in charter capital from VND 5,000 billion to VND 10,000 billion is a noteworthy new development among the group of companies preparing to enter the cryptocurrency market in Vietnam.
Compared to previous information, which mainly revolved around fundraising plans and platform development, new data shows that the company has recorded a change in its registered capital.
However, the possibility of being granted a license still depends on fully meeting the conditions and the outcome of the review by the regulatory authority.
In the coming period, information regarding contributed capital, shareholders, technology systems, and licenses will continue to be important milestones to monitor for SCEX.（Vietnam Crypto Exchange）