Within the framework of the Da Nang Finance and Technology Week 2025 co-organized by the Da Nang People's Committee and the Central Policy and Strategy Committee, the Vietnam Blockchain Festival 2025 took place on August 29. The event aims to introduce the potential for blockchain technology development in Da Nang, contributing to shaping the future of digital assets in Vietnam.
According to Mr. Pham Dai Duong, Member of the Party Central Committee, Deputy Head of the Central Policy and Strategy Committee, blockchain has become a fundamental technology in the digital transformation era, gradually establishing new standards in most areas of finance, healthcare, education and national governance.
Vietnam has the advantage of a young, dynamic workforce and a rapidly growing digital market. These are important factors for us to make a breakthrough in the blockchain field. The potential applications of blockchain will open up new development space, promote innovation and sustainable development.
Vice Chairman of the State Securities Commission Bui Hoang Hai said that the Ministry of Finance is currently presiding over and coordinating with relevant ministries, branches and agencies to develop a draft Resolution of the Government on piloting the crypto asset market in Vietnam.
The draft Resolution has been basically completed and is in the process of being submitted to the Government for early promulgation. The draft Resolution will create a basis for piloting the offering and issuance of crypto assets, organizing the crypto asset trading market, and state management of the crypto asset market in Vietnam.
It is expected that the pilot implementation of the crypto asset market in Vietnam will last for 5 years.
At the event, Chairman of the Vietnam Blockchain and Digital Asset Association Phan Duc Trung proposed deploying a blockchain multi-chain service network (VBSN) in Da Nang, which the city can apply directly in the experimental Sandbox area.
At the same time, he proposed that Da Nang support the Data Center, the Association will take the initiative in technical issues, solutions... He also proposed two solutions for pilot implementation: decentralized identification (DID) and electronic invoices on the blockchain platform (BE-invoice).
The Chairman of the Blockchain and Digital Asset Association also suggested that Da Nang speed up licensing procedures for the first businesses to participate in the sandbox and research a project to bring the “Plan ₿” program organized by Tether to Vietnam...
Vietnam Blockchain Day 2025 has gathered more than 300 delegates and guests attending in person and online; more than 50 prestigious domestic and international speakers and experts. The event includes main contents such as: 7 presentations by leading domestic and international speakers on blockchain trends and digital asset markets; Public-Private Dialogue forum: Shaping the future of digital assets in Vietnam; Memorandum of Understanding awarding ceremony in the blockchain field; exhibition of blockchain products and solutions...
The festival also contributed to attracting investment into the Vietnamese blockchain ecosystem, especially innovative startup projects. Delegates listened to opinions on perfecting the testing mechanism (sandbox) for digital assets and blockchain technology from the business community and experts; strongly spreading and positioning Da Nang to become a convergence of digital finance - fintech - blockchain trends in Vietnam and internationally.
Around the world, many countries have early identified blockchain as a foundational technology, implementing pioneering legal frameworks and sandbox testing mechanisms, thereby forming a strong innovation ecosystem.
In Vietnam, the Prime Minister approved Decision No. 1236/QD-TTg dated October 22, 2024 on the promulgation of the National Strategy on application and development of blockchain technology to 2025, with a vision to 2030. In June 2025, blockchain technology was once again identified as one of the 11 strategic technology areas that Vietnam prioritizes investment, mastery and development.
At the same time, the digital asset and crypto asset ecosystem in Vietnam is also identified as one of the key areas in which the State has specific and outstanding incentive mechanisms and policies to promote the development of the International Financial Center in Vietnam.
Da Nang City is also encouraging controlled testing of new models such as digital assets and digital financial services to attract investment funds and startups. On August 26, 2025, the People's Committee of Da Nang City issued Decision No. 1181/QD-UBND approving a limited-term controlled test of "Basal Pay Software: Application of Blockchain technology in the exchange of crypto assets with fiat money, in compliance with Travel Rule regulations".../.
Source: https://www.vietnamplus.vn/ngay-hoi-blockchain-2025-da-nang-but-pha-trong-thu-nghiem-tai-san-so-post1058699.vnp
Comment (0)