SCEX-Sacombank’s cryptocurrency exchange for the Vietnamese market
What is SCEX? Sacombank’s cryptocurrency exchange for the Vietnamese market.
The cryptocurrency market in Vietnam is entering a pilot phase with a clearer legal framework following Resolution 05/2025/NQ-CP. In this context, SCEX has attracted attention by announcing that it has passed the first round of evaluation in the licensing process for providing cryptocurrency trading services.
SCEX, whose full name is Sacom Crypto Asset Exchange Joint Stock Company, formerly LPEX, is positioning itself as a cryptocurrency trading platform for Vietnamese users. The platform focuses on local features such as trading in VND, bank deposits/withdrawals, eKYC, asset custody, portfolio management, and tax reporting support. Let’s explore this cryptocurrency exchange in detail in the article below.
What is the SCEX exchange?
SCEX’s full name is “Sacom Cryptocurrency Exchange Joint Stock Company” (formerly Loc Phat Vietnam Cryptocurrency Exchange Joint Stock Company – LPEX). The company was established on September 30, 2025, and subsequently increased its charter capital from VND 6.8 billion to VND 360 billion and changed its name to SCEX in 2026.
Unlike international exchanges which typically focus on global liquidity and trading pairs.stablecoinSCEX is building a cryptocurrency exchange model to serve the Vietnamese market. The focus of the platform is to allow users to trade digital assets with Vietnamese Dong (VND), connect with the domestic banking system, and operate within the framework of domestic legal compliance.【Vietnam Crypto Exchange】
Besides its role as a trading platform, SCEX also establishes supporting product layers such as crypto asset custody, electronic identity verification, portfolio management, transaction reporting, and aims to expand into tokenized physical assets. These factors demonstrate that SCEX not only wants to be a trading application, but also aims to be the infrastructure connecting crypto assets, Vietnamese users, and the traditional financial system.
The company behind SCEX
SCEX is operated by Sacom Cryptocurrency Exchange Joint Stock Company. Before changing its name, the business operated under the name Loc Phat Vietnam Cryptocurrency Exchange Joint Stock Company (LPEX), with an initial charter capital of VND 6.8 billion.
According to published information, Mr. Nguyen Duy Phong is the General Director and legal representative of the company. At its inception, LPEX had three founding shareholders: Mr. Duong Van Quyet, Ms. Nguyen Thi Bich Ngoc, and Mr. Vu Phat Dat.
Loc Phat Vietnam Cryptocurrency Exchange Joint Stock Company (LPEX) has changed its name to Sacom Cryptocurrency Exchange Joint Stock Company (Sacom).