Vietnam Blockchain Association changes name, expands mission to develop digital assets

On July 25, the Vietnam Blockchain Association officially changed its name to the Vietnam Blockchain and Digital Asset Association (abbreviated: VBA), marking an important shift in the strategic orientation and development vision of this organization.

The name change marks a strategic turning point in the journey of repositioning the role, mission and vision of the Vietnam Blockchain and Digital Asset Association (VBA), affirming the commitment to promoting the development of the Vietnam Blockchain Multi-Chain Service Network (VBSN), towards a comprehensive, sustainable, national-scale blockchain ecosystem.

Ms. Pham Thu Hang, Deputy Director of the Department of Non-Governmental Organizations, Ministry of Home Affairs , proposed that VBA soon issue the Code of Professional Ethics.

Speaking at the event, Ms. Pham Thu Hang - Deputy Director of the Department of Non-Governmental Organizations (Ministry of Home Affairs) - assessed that the name change shows that VBA is catching up with the trend of developing digital assets, an important field in the digital economy but also has many potential risks. She suggested that the association soon issue a Code of Ethics for members, ensuring professional, healthy and law-abiding activities.

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.

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, and enhancing internal competitiveness with foreign businesses.

Mr. Phan Duc Trung, Chairman of VBA, shares the operational orientation for the period 2025-2030

“Over the past three years, VBA has not only promoted blockchain applications but also laid the foundation for long-term development of the digital asset ecosystem in Vietnam through policy consultation, education, and connecting the business community,” said VBA Chairman Phan Duc Trung.

Since its establishment (April 2022), VBA has built a network of 115 official members in the fields of finance, technology, education and more than 200 strategic cooperation agreements with domestic and foreign organizations such as Boston Consulting Group, Tether, Chainalysis, VCCI, VNBA... initially creating a close connection network between knowledge - market - institutions in the field of blockchain and digital assets.

On that basis, VBA sets a number of new goals for the 2025–2030 term as follows:

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. 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.

BUI TUAN

Source: https://www.sggp.org.vn/hiep-hoi-blockchain-viet-nam-doi-ten-mo-rong-su-menh-phat-trien-tai-san-so-post805468.html