The government has just issued a national action plan to implement Vietnam’s commitments on preventing and combating money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction with the Financial Action Task Force (FATF), in order to quickly remove the country from the Increased Monitoring List (Grey List) on the basis of ensuring maximum national interest. The plan provides 17 specific actions to implement commitments to FATF. In particular, the government requires that the Ministry of Finance and relevant ministries / sectors complete the development of a legal framework to ban or regulate virtual assets and organizations providing virtual asset services by May 2025, and at the same time demonstrate enforcement of regulations, including measures to ensure compliance.