Vietnam central bank expects credit growth amid rapid crypto adoption

Vietnam is one of the leading countries for crypto adoption in the Asia-Pacific (APAC) region and ranks number four globally, according to Chainalysis.

The State Bank of Vietnam, the country’s central bank, anticipates credit growth of about 20% in 2025, a move that could see liquidity flow into global crypto markets amid rising adoption in the region.

Pham Thanh Ha, deputy governor of the central bank, said Friday that interest rates need to be slashed further to encourage economic growth and mitigate the uncertainty from US-imposed tariffs, according to Reuters.

Vietnam’s government legalized cryptocurrencies in June as part of broader technology regulation, which categorized cryptocurrencies as either virtual assets representing real-world tokenized products or crypto assets like Bitcoin (BTC) and Ether (ETH).

Read more