Da Nang has many favorable conditions to become the digital asset center of the region - PHOTO: HAI TRINH
Danang Software Association (DSA) and Binance have just co-organized Danang Fintech Conference: Unlocking the Future of Digital Assets to discuss important trends of digital assets such as tokenization, blockchain, legal framework and security issues to build a safe, transparent and sustainable digital asset ecosystem.
The "golden" time for Da Nang to become an international financial center
Mr. Le Hoang Phuc - Director of the Danang Microchip, Semiconductor and Artificial Intelligence Center (DSAC) - said that the international financial center model that Danang is aiming for will focus on three core elements: green finance, finance to support cross-border trade, and financial technology (fintech).
The city is home to a rapidly growing innovation ecosystem, with more than 6,000 high-quality human resources working in the fields of high technology, AI, blockchain, semiconductors...
This is the foundation for developing digital financial services, such as digital banking, decentralized transactions, non-traditional financial services (DeFi), or open finance models.
Mr. Le Hoang Phuc, director of the Danang Center for Microchips, Semiconductors and Artificial Intelligence (DSAC) spoke at the conference - PHOTO: HAI TRINH
There needs to be a legal corridor to manage behavior towards digital assets.
According to Mr. Vo Duc Anh - Deputy Director of the Danang Center for Supporting Innovative Startups - one of the foundational documents for the opportunity to develop digital assets in Vietnam is the "national strategy on application and development of blockchain technology to 2025, with a vision to 2030", issued by the Government in October 2024.
In addition, 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 also allows the city to operate a sandbox mechanism for new technology fields, including blockchain and digital assets.
These are considered important premises for Da Nang to become a digital asset center, not only in Vietnam but also internationally.
From a business perspective, Ms. Lynn Hoang - Binance country director - commented: "The first plus point is that Vietnam has decided to pilot digital assets. This is an important premise showing that Vietnam is ready to join the world in this new and potential field.
However, there is still a long way to go from the draft to the issuance of specific legal documents. If the legal framework is created, Vietnam will gain many important advantages."
From practical research, Associate Professor Dr. Binh Nguyen of RMIT University Vietnam said that issuing a clear legal framework for digital assets is a huge challenge, not only for Vietnam but also for developed countries such as the US, Singapore, and Sweden, which are still looking for ways to balance development and risks for businesses.
"For Vietnam, we cannot control everything at once, but must select the most important areas to research and promulgate laws, then expand to the entire industry," Associate Professor Dr. Binh Nguyen commented. According to him, Vietnam can prioritize the legal framework for buying and selling digital assets, then clearly distinguish between types of assets to avoid risks.
Source: https://tuoitre.vn/da-nang-tao-khung-phap-ly-tro-thanh-trung-tam-tai-san-so-cua-khu-vuc-20250608104954379.htm
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