Vietnam moved from tolerated grey market to a licensed pilot in 2025. Resolution 05/2025/NQ-CP, in force from 9 September 2025, opens a five-year pilot crypto asset market: crypto assets may be used for exchange or investment, all offering, issuance, trading and settlement must be in Vietnamese dong, and domestic and foreign investors may open accounts at providers licensed by the Ministry of Finance. The licence bar is high — VND 10,000 billion of contributed charter capital, at least 65% held by organisations, foreign ownership capped at 49% — and the Ministry of Finance, with the Ministry of Public Security and the State Bank, selects up to five providers in total.
A perpetual on CRCL tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.
14 venues open Circle Internet Group perps to traders in Vietnam.
ApeX
Aster
Avantis
gTrade
Helix
Hyperliquid
Lighter
Ondo
Ostium
Pacifica
Paradex
VestFour steps from sign-up to an open position.
No crypto-specific rate exists yet. Until Vietnam promulgates tax policy for the crypto asset market, the tax rules for securities apply to the trading, transfer and business of crypto assets. Resolution 05/2025/NQ-CP states no percentage rate.
Trading CRCL from Vietnam: regulated.
Vietnam traders can fund Circle Internet Group positions using VND bank transfer, USDT P2P and Debit/credit card.
Vietnam residents can trade Circle Internet Group on 17 platforms, including Aevo, ApeX and Aster.
Canborsa offers up to 10x leverage on Circle Internet Group for traders based in Vietnam.
Canborsa charges 0.07% per side (0.14% round trip) on Circle Internet Group.