PANews reported on March 3 that according to Bitcoin.com, Vietnamese Prime Minister Pham Minh Chinh has instructed the Ministry of Finance and the State Bank of Vietnam to draft regulations for digital assets and digital currencies, and the proposal is expected to be submitted in March. This directive is part of Directive No. 05, which aims to drive economic growth to at least 8% by 2025. Despite the lack of a legal framework, Vietnam ranks among the top in global cryptocurrency holdings according to the 2024 Triple-A report, prompting the government to call for stronger regulation. In addition, the Central Bank of Vietnam is also responsible for managing interest rates, exchange rates and credit growth while ensuring transparency in banking operations. The government will step up law enforcement against unfair competition among financial institutions.