On Tuesday, South Korea’s Dunamu teamed up with Vietnam’s state-owned Military Bank (MB Bank) to launch the country’s first homegrown digital currency exchange.
The partnership was formalized through a memorandum of understanding signed at a business forum in Seoul, attended by business leaders from both countries.
Dunamu, the operator of crypto exchange Upbit, aims to bring its exchange model and technology to Vietnam. MB Bank, established in 1994 as a subsidiary of the Ministry of National Defense, is one of Vietnam’s five largest banks.
Vietnam Taps Dunamu to Build Digital Financial Infrastructure
MB Bank, which serves 33 million customers and holds total assets close to $50 billion, has named Dunamu as its key strategic partner. As reported by The Korea Herald, the Upbit operator will provide advisory support on regulatory compliance, investor protection, and talent development.
When this growth potential meets the Upbit model, it will be a chance to build not just an exchange but Vietnam’s entire digital financial infrastructure on a foundation of trust.
Vietnam Approves Digital Technology Industry Law
On June 14, Vietnam’s government approved the Law on Digital Technology Industry, officially bringing digital assets under regulatory oversight. The National Assembly confirmed the legislation will take effect on January 1, 2026.
In addition, a draft framework to legalize the pilot operation of digital asset exchanges has been approved, and implementation expected by August. At a government conference on Wednesday, Deputy Finance Minister Nguyen Duc Chi announced that the country’s crypto asset initiative is now complete.
While estimates differ depending on the source and timing, data shows that Vietnam has no fewer than 17 million crypto investors, with some reports putting the number above 20 million. This means roughly 20–21% of the population owns digital assets, placing Vietnam among the top countries worldwide for cryptocurrency adoption.
