Is VIXEX a Legitimate Vietnam Crypto Exchange?
Yes. VIXEX (VIX Crypto Asset Exchange Joint Stock Company) is one of the local cryptocurrency exchanges in Vietnam applying for an official license, and is the only officially registered exchange in the country not yet officially operational.
VIXEX – Vietnam crypto exchange
VIXEX is a trusted cryptocurrency exchange in Vietnam, providing a transparent and secure platform, as well as a convenient and fast 24/7 trading experience.
VIXEX’s core background and the latest regulatory developments in the Vietnamese cryptocurrency market:
VIXEX Background Analysis：
Establishment Date: According to the announcement on Vietnam’s national business registration portal, VIXEX was officially established on August 27, 2025.
Initial Capital: Registered capital of VND 1 trillion (approximately USD 40 million).
Shareholder Structure: A joint venture between traditional finance and technology unions.
-FTG Vietnam Joint Stock Company: Holds 64.5% (largest shareholder).
-VIX Securities Joint Stock Company (a large listed securities firm in Vietnam): Holds 15% (contributing VND 150 billion).
-3C INC (Computer-Communication-Control): Holds the remaining shares.
Latest Regulatory Developments in Vietnam’s Crypto Market:
In recent years, the Vietnamese government has actively incorporated crypto assets into its regulatory framework and launched a national pilot program for traditional financial institutions:
1. License Application Progress: The Vietnamese government officially began accepting applications for cryptocurrency market pilot licenses from domestic companies on January 20, 2026. Intense Competition from Local Giants: Besides VIXEX, traditional Vietnamese banks and large securities firms, including Techcombank (with its subsidiary TCEX), VPBank (with its subsidiary CAEX), SSI Securities, MBBank, and Sun Group, have all passed the first round of qualification reviews or are vying for the first batch of official pilot licenses.
2. Stringent Entry Thresholds: According to the regulations of the Vietnam Securities Commission (SSC), companies participating in the establishment of cryptocurrency exchanges must have a final statutory minimum registered capital of 10 trillion VND (approximately US$400 million), and foreign capital ownership is limited to a maximum of 49%.
3.Proposed Ban on Overseas Exchanges: To prevent capital outflow and implement comprehensive domestic regulation, while promoting domestic pilot exchanges, the Vietnamese government is also considering banning its citizens from using unauthorized overseas cryptocurrency trading platforms.