What is SCEX? The Cryptocurrency Exchange for Vietnam's Market by Sacombank
The cryptocurrency market in Vietnam is entering a pilot phase with a clearer legal framework following Resolution 05/2025/NQ-CP. In this context, SCEX has attracted attention by announcing that it has passed the first evaluation round in the process of applying for a license to provide cryptocurrency trading market organization services.
SCEX, fully known as Sacom Cryptocurrency Exchange Joint Stock Company, formerly LPEX, is positioning itself as a cryptocurrency trading platform for Vietnamese users. The platform focuses on local factors such as trading in VND, bank deposits/withdrawals, eKYC, asset custody, portfolio management, and tax reporting support. Let’s explore this cryptocurrency exchange in detail through the article below.
What is SCEX? Sacom Cryptocurrency Exchange and the ambition to build domestic trading infrastructure
What is SCEX?
SCEX, fully known as "Sacom Cryptocurrency Exchange Joint Stock Company" (formerly known as Lộc Phát Vietnam Cryptocurrency Exchange Joint Stock Company - LPEX). The company was established on September 30, 2025, subsequently increasing its charter capital from 6.8 billion VND to 360 billion VND and changing its name to SCEX in 2026.
Homepage of SCEX
Unlike international exchanges that often focus on global liquidity and trading pairs with stablecoins, SCEX builds a cryptocurrency exchange model serving the Vietnamese market. The platform's focus is to allow users to trade digital assets with Vietnamese Dong (VND), connect with the domestic banking system, and operate within the framework of local legal compliance.
In addition to its role as a trading platform, SCEX also establishes supporting product layers such as cryptocurrency custody, electronic identity verification, portfolio management, transaction reporting, and aims to expand into tokenized real assets. These factors indicate that SCEX not only wants to play the role of a trading application but also aims towards the infrastructure layer connecting cryptocurrency assets, Vietnamese users, and the traditional financial system.
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The company behind SCEX
SCEX is operated by Sacom Cryptocurrency Exchange Joint Stock Company. Before changing its name, the company operated under the name Lộc Phát Vietnam Cryptocurrency Exchange Joint Stock Company (LPEX), with an initial charter capital of 6.8 billion VND.
According to published information, Mr. Nguyễn Duy Phong is the General Director and legal representative of the company. At the time of establishment, LPEX had three founding shareholders: Mr. Dương Văn Quyết, Ms. Nguyễn Thị Bích Ngọc, and Mr. Vũ Phát Đạt.
Lộc Phát Vietnam Cryptocurrency Exchange Joint Stock Company (LPEX) has changed its name to Sacom Cryptocurrency Exchange Joint Stock Company (Sacom)
On February 11, 2026, the company increased its charter capital to 360 billion VND. Subsequently, the company changed its name to Sacom Cryptocurrency Exchange Joint Stock Company, with the registration of changes issued on April 28, 2026. The name change from LPEX to SCEX occurred as Vietnam began implementing a pilot mechanism for the cryptocurrency market.
Key features of SCEX
According to information published at the time of writing (July 2026), SCEX builds a product group around the needs of Vietnamese users, from asset custody, trading in VND, bank deposits/withdrawals, portfolio management to the aim of expanding into tokenized real assets.
However, as SCEX is still in the evaluation phase to obtain a license for operating a cryptocurrency exchange, the features below should be understood as information published by the platform, not as confirmation that the exchange has been officially licensed to operate.
Features of the Project
Custody of Cryptocurrency Assets: SCEX uses a centralized custody model, where the platform holds the asset keys on behalf of users. Customer assets are separated from the operational assets of the exchange and support several popular assets such as BTC, ETH, SOL, BNB, and TRX.
Spot Trading with VND: Users can buy and sell digital assets directly with VND, without needing to convert through USDT or intermediary stablecoins. SCEX supports order matching through an order book along with various order types such as market orders, limit orders, stop market orders, and stop limit orders.
24/7 VND Deposit/Withdrawal: SCEX allows VND deposits and withdrawals through Vietnamese bank accounts, reducing reliance on peer-to-peer transactions with third parties. The platform also mentions connections with Sacombank and LPBank for deposits and withdrawals.
Electronic Identity Verification: The platform supports identity verification via CCCD on mobile phones, connected to the C06 database of the Ministry of Public Security, serving the identification requirements of users, anti-money laundering, and legal compliance.
Portfolio and Profit/Loss Management: SCEX provides a dashboard to track assets, portfolio value, and real-time profit/loss, helping users manage their investments more effectively.
Tax Reporting: The tax reporting feature assists in compiling transaction history, calculating profit/loss, and generating reports, aligning with the trend of transparency in cryptocurrency transactions. According to current regulations, individual investors will be taxed 0.1% on the transfer value (sale) of cryptocurrency assets.
Tools for Professional Traders: SCEX introduces an order matching system, advanced trading interface, 24/7 VND deposit/withdrawal, and automated tax reporting for users who require active trading.
Security and Asset Protection: The platform emphasizes factors such as asset insurance funds, multi-layered distributed storage, segregated custody, information security, and risk management.
Asset Transparency: SCEX refers to a proof of reserves mechanism to enhance transparency and verifiability of assets, especially for long-term investors.
Direction Towards Tokenized Real Assets: SCEX aims to expand into tokenized real assets such as bonds, real estate, or infrastructure projects. For institutional groups, the platform also mentions an interface connecting businesses and a portal supporting the issuance of tokenized real assets.
Simulated Cryptocurrency Asset Pricing on SCEX
SCEX Passes Initial Evaluation Round in Licensing Process
What has drawn attention to SCEX recently is the company's announcement that it has completed the first evaluation round in the licensing process to provide market organization services for cryptocurrency trading in Vietnam.
This move comes amid the government's issuance of Resolution 05/2025/NQ-CP on piloting the cryptocurrency market. This is an important basis for domestic enterprises to participate in the evaluation process, rather than the market primarily operating through international exchanges, P2P transactions, or platforms without a clear regulatory framework.
Additionally, the Digital Technology Industry Law 71/2025/QH15 also creates a broader legal foundation for digital assets and cryptocurrencies in Vietnam, effective from January 1, 2026. When placing SCEX in this context, it can be seen that the company is emerging at the right time as the market transitions from "unclear legal framework" to "controlled pilot."
However, passing the first evaluation round does not mean that SCEX has been officially licensed. The company still needs to continue improving its documentation and meet the subsequent assessment rounds before it can operate as an approved cryptocurrency exchange.
Digital Asset Popularization Program and SCEX Simulator
To prepare for the launch event, SCEX is also associated with the Digital Asset Popularization Program 2026 through the SCEX Simulator platform. This is a simulated trading platform used for the "Cryptocurrency Arena" activity, where participants can learn foundational knowledge and practice trading cryptocurrencies in a simulated environment.
Digital Asset Popularization and SCEX Simulator Program
The Digital Asset Popularization Program 2026 is organized by the Vietnam International Finance Center in Ho Chi Minh City and the VBI Training Academy, with SCEX participating as a technology partner. Instead of just providing theoretical materials, the program combines learning, practice, and competition, helping new users familiarize themselves with how the cryptocurrency asset market operates before approaching the real trading environment.
Through the SCEX Simulator, participants are provided with an initial simulated capital of 1 billion VND to experience operations such as tracking price fluctuations, placing orders, managing portfolios, evaluating trading effectiveness, and honing risk management skills. Since all activities occur in a simulated environment, users can experiment with strategies without incurring real monetary risks.
Notably, the "Cryptocurrency Arena" also features a competition mechanism, ranking, and rewards. Participants' achievements are evaluated based on various criteria such as the level of completion of the experience journey, the effectiveness of the simulated portfolio, risk management capabilities, and decision-making skills. The total prize value of the program is announced to exceed 1.6 billion VND.
Cryptocurrency Arena Rewards
According to published information, the SCEX Simulator recorded over 22,000 accounts just 48 hours after its launch, showing a significant interest from Vietnamese users in the model of learning and competing in cryptocurrency trading in a testing environment. However, it should be noted that this is a simulation and user education activity, not an indication that SCEX has been licensed to operate an official cryptocurrency exchange in Vietnam.
Simulated trading interface on SCEX
Impact if SCEX is Licensed in Vietnam
If SCEX completes the licensing process and is approved to operate, this could be one of the notable steps in the formation of the domestic cryptocurrency market in Vietnam.
Previously, most Vietnamese users accessed crypto through international exchanges or P2P trading. This model has the advantage of quick accessibility but also comes with many issues such as partner risks, difficulty in controlling cash flow, lack of reporting standards, and heavy dependence on foreign platforms.
In the case that domestic cryptocurrency exchanges are licensed, the market could gradually shift to a model with clearer supervision. Users will need to provide more complete identification, VND deposit/withdrawal activities may be directly connected to the domestic financial system, assets will be custodized according to risk management standards, and transaction histories can be compiled for reporting purposes.
With SCEX, a key point to watch is the ability to connect between four layers: the cryptocurrency trading infrastructure, traditional banking/financial systems, user education through the simulator, and compliance requirements domestically. If successfully implemented, this could serve as a reference model for how the Vietnamese cryptocurrency market operates during the pilot phase.
Despite this, the outlook still heavily depends on the licensing results, detailed regulations from the regulatory authority, and the actual operational capabilities of the platform. Therefore, SCEX should not be viewed as an officially approved exchange, but rather as a business currently undergoing evaluation and one of the names to watch.
The moment SCEX or another domestic exchange is licensed will also mark the beginning of a 6-month period for Vietnamese investors to transfer their crypto assets from foreign platforms back to the domestic market to avoid the risk of administrative penalties or criminal liability under the provisions of Resolution 05.
Summary
Through the above article from Coin68, it can be seen that SCEX is one of the notable businesses during Vietnam's pilot implementation of the crypto asset market, with a focus on building a crypto asset trading platform for Vietnamese users, featuring elements such as trading in VND, deposits/withdrawals via banks, asset custody, electronic identity verification, tax reporting, and the SCEX Simulator trading program.
However, SCEX is still in the evaluation process and has not yet been officially licensed to operate. Users need to continue monitoring further information from the regulatory authority and the platform before making any decisions.
Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.
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