Vietnam Introduces National Cryptocurrency Exchange
Vietnam's Military Bank (MB), a state-controlled financial institution under the Ministry of National Defense, has partnered with Dunamu, the parent company of South Korea’s Upbit exchange, to launch Vietnam's first regulated cryptocurrency exchange. The partnership was officially announced during the Vietnam-Korea Business Forum in Seoul on August 12, 2025 [1][2][3][4].
Under this agreement, Dunamu will provide the technology, infrastructure, security systems, and regulatory compliance guidance. On the other hand, Military Bank will handle local operations, customer relations, and regulatory matters in Vietnam [2][3][4]. This partnership leverages Dunamu’s experience operating Upbit, one of the top global crypto exchanges, to support the establishment of a trusted and regulated trading platform tailored to Vietnam's rapidly growing crypto market.
The exchange is aligned with Vietnam’s evolving legal framework for digital assets, which was established through recent regulatory developments including a pilot program launched in March 2025 and new laws governing digital technology and tokenized assets [1]. This development represents a key step in formalizing and regulating cryptocurrency trading within the country under a state-led framework.
With over 20 million crypto holders and an annual trading volume approaching $800 billion, the cryptocurrency market in Vietnam has been rapidly expanding. The launch of a regulated exchange is expected to further boost this growth and provide a more secure platform for traders [2][3].
The partnership between Vietnam's State Bank, Military Bank, and Dunamu marks a significant step in the regulatory acceptance of cryptocurrencies in Vietnam. This move follows the establishment of BitcoinVN, an instant, unregistered exchange that supports Bitcoin, Ethereum, and some stablecoins [4].
As of now, the exact launch date for the new exchange is not specified. However, with the involvement of Vietnam's State Bank, it is expected to be regulated, ensuring compliance with the country's growing digital asset regulations.
Sources: 1. Vietnam’s State Bank to Launch Regulated Crypto Exchange with South Korean Partner 2. Vietnam’s Military Bank Partners with South Korea’s Upbit Parent to Launch Crypto Exchange 3. Vietnam’s Cryptocurrency Market to Get a Boost with State-Backed Exchange 4. Happycoin.club: Vietnam’s State Bank, Military Bank, and Dunamu to Launch Crypto Exchange
What industry is Vietnam's Ministry of National Defense's Military Bank venturing into with their South Korean partner Dunamu? This collaboration, focusing on finance and technology, will launch Vietnam's first regulated cryptocurrency exchange, aligning with the country's evolving legal framework for digital assets.
