The Ministry of Industry and Trade (MoIT) has proposed not to suspend the imports of cryptocurrency mining machines (HS code 8471.80.90) in order to the ensure the production and business activities of enterprises.

Vietnamese businesses and individuals have stopped importing bitcoin mining equipment to the country since the beginning of July, according to the HCM City Customs Department.

The State Securities Commission has recommended that public companies, securities companies and fund managers as well as securities investment funds not carry out issuance, trading and brokerage activities related to virtual currency.

The State Securities Commission (SSC) has required relevant companies and funds not to engage in any issuance, transaction or brokerage activities related to cryptocurrencies.

 The State Bank of Việt Nam (SBV) said that it agreed with the proposal of the Ministry of Industry and Trade (MoIT) to suspend the import of cryptocurrency mining machines in a move to improve the management of currency transactions in the country.

Deputy Prime Minister Vương Đình Huệ yesterday took the floor to answer National Assembly (NA) deputies on several socio-economic issues of public concerns.

Prime Minister Nguyễn Xuân Phúc on Friday demanded the Government find solutions to support domestic businesses amid constant policy changes from the world’s biggest economies.