On the morning of August 14, the Technology Conference of Ho Chi Minh City – Conviction 2026, organized by the Ho Chi Minh City Electronics Communications Association, the Vietnam Chamber of Commerce and Industry (VCCI), together with the Conviction organizing committee, took place in Ho Chi Minh City. With a theme focused on Blockchain technology, digital assets, and artificial intelligence (AI), Conviction 2026 attracted the participation of leaders from various ministries and agencies, as well as businesses both in and outside the country.
In the first discussion session right after the opening ceremony, Mr. Tô Trần Hòa – Vice Chairman, Standing Office of the Market Management Board for Tokenized Assets, State Securities Commission of Vietnam, updated the latest legal information for the tokenized asset and digital asset market in Vietnam. Among the issues that many investors are interested in is that under Decree No. 284/2026, which stipulates administrative penalties for violations in the field of tokenized assets, it will take effect from September 1. If individuals violate, they will be fined up to VND 100 million, while organizations will be fined VND 200 million. Specifically, if domestic individual investors trade tokenized assets without going through a tokenized asset service provider organization licensed by the Ministry of Finance, they will be fined from VND 30 million to VND 50 million.
According to Mr. Tô Trần Hòa, Decree No. 284/2026 will officially take effect on September 1. However, if by then Vietnam still does not have an official tokenized asset and digital asset exchange, investors will not yet be subject to penalties. In other words, the penalty provisions only begin to apply once Vietnam has a tokenized asset exchange licensed by the Ministry of Finance.
In the first discussion session right after the opening ceremony, Mr. Tô Trần Hòa – Vice Chairman, Standing Office of the Market Management Board for Tokenized Assets, State Securities Commission of Vietnam, updated the latest legal information for the tokenized asset and digital asset market in Vietnam. Among the issues that many investors are interested in is that under Decree No. 284/2026, which stipulates administrative penalties for violations in the field of tokenized assets, it will take effect from September 1. If individuals violate, they will be fined up to VND 100 million, while organizations will be fined VND 200 million. Specifically, if domestic individual investors trade tokenized assets without going through a tokenized asset service provider organization licensed by the Ministry of Finance, they will be fined from VND 30 million to VND 50 million.
According to Mr. Tô Trần Hòa, Decree No. 284/2026 will officially take effect on September 1. However, if by then Vietnam still does not have an official tokenized asset and digital asset exchange, investors will not yet be subject to penalties. In other words, the penalty provisions only begin to apply once Vietnam has a tokenized asset exchange licensed by the Ministry of Finance.