Overview

• Dunamu and Military Bank signed a memorandum of understanding on August 12 at the Vietnam–Korea Business Forum in Seoul to establish Vietnam’s first state-backed cryptocurrency exchange.
• Dunamu will transfer Upbit’s exchange technology, security systems and compliance expertise; MB Bank will oversee local operations through its state-linked banking network.
• The partnership prepares infrastructure, compliance frameworks and workforce training in anticipation of licensing under the Digital Technology Industry Law taking effect on January 1, 2026.
• MB Bank operates under Vietnam’s Ministry of National Defense, serves 33 million customers and holds nearly $50 billion in assets, giving the exchange official backing and nationwide reach.
• Vietnam’s virtual asset market counts more than 20 million holders and an estimated $800 billion in annual trading volume, underpinning the commercial case for a domestic, regulated exchange.