TechFlame news, October 4. According to Cointelegraph, citing Reuters, the State Bank of Vietnam (the central bank of Vietnam) expects credit growth to reach around 20% in 2025. As cryptocurrency applications in the region continue to increase, this move may lead to liquidity flowing into the global cryptocurrency market. Vietnam's central bank deputy governor Pham Thanh Ha said on Friday that interest rates need to be lowered further to boost economic growth

and ease the uncertainty caused by the imposition of tariffs imposed by the United States.
The Vietnamese government legalized cryptocurrencies in

June as part of a broader technical regulation measure, which divides cryptocurrencies into virtual assets representing real-world tokenized products and crypto assets such as Bitcoin and Ether. However, under new cryptocurrency regulations and a 5-year sandbox pilot program launched in September

, the government banned the issuance of on-chain fiat-backed assets, including stablecoins and securities.