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In an interview of the Government Electronic Newspaper, PhD. Can Van Luc, Economic Expert BIDV and Director of BIDV Training and Research Institute, said that Vietnam is facing a great opportunity to catch up with the wave of digital money (KTS) in the world. If we build a suitable legal framework, we not only control risks but also create conditions for the digital economy to develop strongly, catch up with the global trend. PhD. Can Van Luc - Economic Expert Chief BIDV and Director of BIDV Training and Research Institute - Photo: VGP/Thanh Huyen should clarify the concepts of digital money, now there are some concepts of money that not everyone can distinguish differences such as digital money, cryptocurrencies, virtual currencies, cryptocurrencies ... Can you clarify these concepts? Digital CRRRENCY (Digital Currency) is an overwhelming category, including all currencies that exist in the form of electronic money (Electronic Money), according to the European Central Bank (ECB), is the currency value stored on an electronic device that is commonly used to make payment transactions, transferred to each other, so it is commonly used and used in the world. In each country. The cryptocurrency in Vietnam has also existed for a long time and has been legislated (in the Law on Credit Institutions 2024 and Decree 52/2024/ND-CP ...). Virtual curry (Virtual Currency) is a digital currency that is not under management, not a legal money, issued by software developers who are often controlled by the system; ECB). Crypto Currency is a virtual currency (such as Bitcoin, Ethereum, XRP, Tether, Pi ...). So, digital money has two forms: one is the legal money (if the central bank of a country is issued); Or not the legal, universal money (if issued by other individuals and organizations, such as Bitcoin, OneCoin, Ethereum ...), can be called virtual currency or cryptocurrency. 4 core principles in the construction of the legal framework according to him, what are the core principles that Vietnam needs to apply in the construction of the legal framework for digital money, in order to both control risks and promote the development of this field? TS. Can Van Luc: I think that in order to effectively manage digital money, Vietnam needs to be based on four important principles: Firstly: The legal framework must follow the guiding spirit of the Party and the State, towards creating and promoting the development in parallel with risk control. Second: It is necessary to remove the immediate barriers and have a long -term vision to ensure the sustainability of the policy. The legal framework needs to be stable, highly forecast and does not cause cost burden on businesses and people.This: Must take the lead of major trends in the world, especially those changes related to science and technology, digital transformation, digital economy and digital assets. The early promulgation of the legal framework will help Vietnam take advantage of development opportunities, at the same time minimize risks, promote the economy to operate safely and healthy. The promulgating policy must be highly applicable, easy to implement and not creating additional burden on costs. At the same time, it must be consistent with international commitments as well as the current legal system of Vietnam. Many countries have issued digital money of the central bank (CBDC). According to him, should Vietnam research and deploy a national digital currency? If so, how will this affect the economy? TS. Can Van Luc: I think that the research and deployment of the national digital currency is necessary. Regarding the implementation of CBDC, I propose that Vietnam can learn from Chinas testing model: Piloting in some localities or through major commercial banks, then summarizing, evaluating and deciding whether or not to expand or not. Be an economic expert, which suggestions and recommendations for the Government in completing the legal framework for digital money, to keep the opportunity to avoid the risk of lagging? PhD. Can Van Luc: Within the next 5-10 years, the trend of digital currency development globally will impact strongly on Vietnam. In order not to be behind, I think that we need to perform four key and comprehensive tasks such as: Firstly, soon build a legal framework for digital assets in general and digital money in particular, in the direction of testing, and then evaluate the preliminary, to decide to replicate or narrow. In the immediate future, the Government also needs to issue a control mechanism soon (Sandbox ) in Fintech (financial technology) in the banking field, then in the fields of securities, insurance, investment funds ... both creating and controlling risks. The second trend of architects issued by the Central Bank (CBCD) will be more and more comprehensive, so that Vietnam needs to be more and more appropriate to approach, so that Vietnam needs to be fully researched, so that Vietnam needs to be fully researched, so that Vietnam needs to be fully researched, so that Vietnam needs to be fully researched, so that Vietnam needs to be fully researched, so that Vietnam needs to be fully researched, so that Vietnam needs to be fully researched, so that Vietnam needs to be fully researched and seriously research For money KTS in general and CBCD money in particular, including CBCD money issued by other countries and wishes to be traded and accepted in Vietnam. In the long run, we need to consider tax collection for architects, transactions inside or outside the floor. It is necessary to pay attention and improve the understanding of people, businesses and localities, including management agencies. Develop a extensive financial education program on digital assets and digital currencies for people, businesses and overall management agencies, it is necessary to have close coordination between agencies, ministries and branches to ensure that policies related to architects are implemented synchronously and effectively. This coordin
