On July 25, a representative of the Vietnam Blockchain Association said that the Association officially changed its name to the Vietnam Blockchain and Digital Asset Association (still keeping the abbreviation VBA).
The new name represents VBA's change in direction, from promoting blockchain technology to playing a central role in creating and leading the development of the digital asset market and blockchain ecosystem, starting with the VBSN network.
The Code of Professional Ethics should be promulgated soon.
Ms. Pham Thu Hang - Deputy Director of the Department of Non-Governmental Organizations, Ministry of Home Affairs said that the name change shows the development and open vision, quickly grasping the trend of developing the digital asset market of VBA.
This is a very important field in the digital economy , but it is also very sensitive and has a high risk of fraud and money laundering while legal regulations have a certain delay.
Therefore, along with development orientations in technology, finance, and application, Ms. Pham Thu Hang also suggested that VBA soon issue a Code of Ethics for members to ensure strong but healthy and sustainable operations, in compliance with legal regulations on anti-money laundering and financial transparency.
The decision to change the name was approved on the basis of 100% consensus of the Executive Board, members and representatives of state management agencies including the Ministry of Home Affairs and the Ministry of Science and Technology at the 2025 Extraordinary Congress, held in accordance with Decree 126/2024/ND-CP on organization, operation and management of associations.
The event took place in the context that Vietnam has issued many strategic and directional policies for the blockchain and digital asset industry, in the spirit of Resolution 57-NQ/TW of the Politburo on scientific and technological breakthroughs, innovation and national digital transformation.
Specifically, on October 22, 2024, the Prime Minister issued Decision No. 1236/QD/TTg, announcing the National Blockchain Strategy, setting the goal that by 2030, Vietnam will become a leading country in the region and have an international position in the blockchain industry.
In particular, VBA, together with associations, are assigned to preside over the development of "Make in Vietnam" Blockchain platforms connecting types of blockchain networks, businesses operating on Vietnam's blockchain infrastructure, enhancing internal competitiveness with foreign businesses.
Blockchain is also identified as one of 11 strategic technologies according to Decision No. 1131/QD-TTg dated June 12, 2025 of the Prime Minister on promulgating the List of Strategic Technologies and Strategic Technology Products.
In particular, the Law on Digital Technology Industry was passed by the National Assembly on June 14, 2025, effective from January 1, 2026, officially recognizing digital assets as a type of property protected by law, opening up a new development space, creating a foundation for the breakthrough of the digital economy.
Ms. Nguyen Van Hien - Vice President and General Secretary of VBA said: "The name change of the Association not only shows the trend of the times but also affirms the determination to promote the process of integrating blockchain technology and digital assets into the legal, financial and public service systems, bringing Vietnam into the global digital transformation flow."
Pioneering in promoting Vietnam's blockchain and digital asset ecosystem
Since its establishment in April 2022, VBA has built a network of 115 official members in the fields of finance - technology - education and more than 200 cooperation agreements with many strategic partners, initially creating a close connection network between knowledge - market - institutions in the field of blockchain and digital assets.
Mr. Phan Duc Trung - Chairman of VBA said: "Over the past three years, VBA has not only focused on promoting the application of blockchain technology but also gradually built the foundation for the long-term development of the digital asset ecosystem in Vietnam through the pillars of policy consultation, education, community connection, and practical contributions to the development of blockchain technology in Vietnam."
The Congress also approved the election of 08 new Executive Committee members. Based on the approved new orientation, VBA sets a number of new goals for the 2025-2030 term to realize the core role in promoting the development of digital infrastructure, digital asset market and raising Vietnam's position on the global blockchain map.
Accordingly, VBA prioritizes accompanying the development of the Vietnam Blockchain Multi-Chain Service Network (VBSN), an open infrastructure ecosystem owned by domestic enterprises, capable of expansion and meeting international standards.
The Association aims to support the connection of at least 50 domestic enterprises to deploy blockchain-as-a-service (BaaS) services on the VBSN platform, support the pilot operation of at least three public services using blockchain, and accompany the development of two fintech initiatives applying blockchain in the finance and banking sector.
At the regional and international levels, VBA aims to expand strategic connections through the establishment of representative offices in major financial centers such as North America and Dubai, acting as a bridge between the community of experts, investors, and overseas Vietnamese, while creating favorable conditions for VBA to strongly participate in global standard-setting organizations and transnational cooperation forums.
Mr. Phan Duc Trung commented: "With a new name, expansion orientation, and a strengthened leadership team, VBA is entering a strategic development phase. At this stage, technology is no longer the goal but has become the driving force for innovation, enhancing national competitiveness, towards the great goal of contributing to making Vietnam's mark on the global digital economic map"./.
Source: https://www.vietnamplus.vn/hiep-hoi-blockchain-viet-nam-co-ten-goi-moi-huong-toi-he-sinh-thai-toan-dien-post1051847.vnp
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