AsemconnectVietnam - VIX Securities JSC is the next organization to join in the crypto-asset market in Vietnam.

According to newly announced information, VIX Crypto-asset Trading Platform JSC (VIXEX) was established on August 26 with a charter capital of VND1,000 billion and its headquarters located on the 22nd floor, No. 52 Le Dai Hanh Street, Hai Ba Trung Ward, Hanoi City.
The legal representative and General Director is Mr. Nguyen Van Hieu.
VIXEX has 3 main founding shareholders, including: VIX Securities JSC contributing 15% (equivalent to VND150 billion), FTG Vietnam JSC contributing 64.5% (VND645 billion) and 3C Communications - Computer - Control JSC contributing 20.5% (VND205 billion) of capital.
Previously, FTG Vietnam JSC was also a shareholder at VIX Securities before divesting all capital in 2022.
VIXEX was established in the context that the Ministry of Finance is completing the final steps to submit to the Government a Resolution on the pilot implementation of the crypto-asset market in Vietnam. This Resolution will be the legal basis for putting crypto-assets under controlled management, ensuring the safety of the financial-monetary system.
Deputy Minister of Finance Nguyen Duc Chi said that during the pilot phase, there will be more than one digital asset trading floor allowed to operate, in order to create a healthy competitive environment. The selection of service providers must be based on strict criteria, ensuring safety, transparency and efficiency throughout the pilot implementation process.
A notable point in the project is that the Ministry of Finance proposes to encourage the private economic sector to participate in providing services in the crypto-asset market. This proposal is completely consistent with the spirit of Resolution 68 of the Party on private economic development, while creating conditions for capable and creative enterprises to participate in new fields.
In addition to the condition of actual capital contribution of VND10,000 billion, the license to provide services to organize the crypto-asset trading market also requires deeper requirements on shareholder structure. 65% of capital is owned by organizations, of which 35% of capital must come from 2 of 5 types of organizations: commercial banks, securities companies, fund management companies, insurance companies, companies operating in the technology field. The ownership ratio of foreign capital is not more than 49%.
Currently, many large domestic organizations such as SSI Securities Corporation, Techcom Securities Corporation (TCBS), Military Commercial Joint Stock Bank (MB) ..., have actively prepared to participate in the crypto-asset market in Vietnam.
N.Nga
Source: VITIC/Tinnhanhchungkhoan