New opportunities with the crypto asset market

With advantages in technology infrastructure, high-quality human resources and strong determination from the government, Da Nang city has all the conditions to become a new meeting place for blockchain technology and decentralized financial applications (DeFi).

At the Crypto Asset Policy Dialogue Forum: From Risk Management to Market Creation organized by the People's Committee of Da Nang City, the State Securities Commission ( Ministry of Finance ), and the Vietnam Blockchain and Digital Asset Association, delegates said that Da Nang has many advantages to develop the crypto asset market. Photo: M.QUE

“Leverage” for double-digit growth

According to CoinMarketCap - the data page of the global cryptocurrency exchange Binance, the global crypto asset market reached more than 4,270 billion USD and is forecast to surpass the 10,000 billion USD mark by 2030, an increase of 2.5 times in just 5 years.

The market recorded the participation of more than 600 million users, 24-hour trading value reached more than 204 billion USD, 850 exchanges, about 60 countries and territories have clear legal mechanisms for crypto asset exchanges, of which nearly half have specific licensing processes.

From the above data, it can be seen that the crypto asset market is receiving great attention at the present time. The National Assembly also passed Resolution No. 222/2025/QH15 dated June 27, 2025 on the International Financial Center in Vietnam and the Government issued Resolution No. 05/2025/NQ-CP dated September 9, 2025 on the pilot implementation of the crypto asset market in Vietnam. These are fundamental steps for financial institutions, technology enterprises and investors to participate in the crypto asset market in Vietnam in a transparent manner.

According to Mr. To Tran Hoa, Deputy Head of Market Development Department, State Securities Commission (Ministry of Finance), Resolution No. 222/2025/QH15 and Resolution No. 05/2025/NQ-CP both aim at a common goal of creating institutions in developing the digital economy , creating "leverage" to achieve the target of double-digit growth.

The general direction of the two resolutions is to be implemented cautiously and with a roadmap to suit reality and ensure security, safety, transparency, and efficiency to protect the legitimate rights and interests of organizations and individuals when participating in the market.

Ms. Nguyen Thi Minh Tho, Deputy Director of the Anti-Money Laundering Department, State Bank of Vietnam, said that clearly defining the responsibility for preventing money laundering right from the pilot phase, including identifying customers from transactions of more than 1,000 USD, continuous monitoring, reporting suspicious transactions and storing data in Vietnam for up to 10 years (double the data storage time prescribed in the Anti-Money Laundering Law), aims to strengthen trust, protect investors, and move towards international standards.

In the coming time, State management agencies will continue to accompany and coordinate with businesses and investors to build and operate a safe and effective market.

Da Nang has many advantages

Mr. Phan Duc Trung, Chairman of the Vietnam Blockchain and Digital Asset Association, Chairman of 1Matrix Company, acknowledged that Da Nang possesses institutional advantages to pioneer the implementation of the domestic crypto asset market model. The reason is that Da Nang has been "paved the way" with important resolutions.

Including: Resolution No. 222/2025/QH15 regulating the establishment of an international financial center in two locations: Da Nang and Ho Chi Minh City; Resolution No. 136/2024/QH15 of the National Assembly on the organization of urban government and piloting a number of specific mechanisms and policies for the development of Da Nang city...

And from January 1, 2026, the Law on Digital Technology Industry will take effect with many contents in which Da Nang has strengths such as semiconductor industry and artificial intelligence.

“From the perspective of the Blockchain and Digital Asset Association, we see that Da Nang is fully qualified to be a pioneer, fully converging policies and very determined in innovation. The combination of allowing sandbox testing mechanisms, financial center models, free trade zones, and economic resonance with strengths from tourism, services, etc. will help the city achieve the goals set for new financial models. In this process, the association is ready to coordinate with Da Nang in human resource training, support fraud investigation and standardization, towards an innovative and compliant market to attract domestic and foreign investors,” said Mr. Trung.

Currently, Da Nang city is implementing the Plan to implement Resolution No. 57-NQ/TW of the Politburo on breakthroughs in science, technology, innovation and digital transformation, striving for the digital economy to account for 35-40% of GRDP by 2030. The city also determined to build a Financial Center in Da Nang based on three pillars: green finance, trade finance and financial technology - digital assets.

According to Standing Vice Chairman of the City People's Committee Ho Ky Minh, Resolution No. 05/2025/NQ-CP opens up opportunities for Da Nang to pioneer in the field of new technology, promote transparent capital flows, and contribute to the development of the Vietnam International Financial Center in the city.

In addition, the city will research ideas and propose suitable sandboxes, allowing digital asset solutions and blockchain technology to be safely tested in practice. Thereby, making Da Nang the safest, most transparent and effective testing environment for the digital asset market in Vietnam, contributing to the overall development of the national economy.

Source: https://baodanang.vn/co-hoi-moi-voi-thi-truong-tai-san-ma-hoa-3305903.html