Launching Global On-chain Alliance in Vietnam International Finance Center

The On-chain Economy Alliance was born with the mission of building digital economic infrastructure, supporting the development of new business models and expanding the comprehensive financial network.

Aiming to turn Ho Chi Minh City into a leading financial and digital asset center in the region, the Vietnam International Finance Center in Ho Chi Minh City has introduced the Global On-chain Economic Alliance, aiming to test new generation digital financial models, promote innovation and attract international capital flows.

This alliance was officially launched on the afternoon of November 25 within the framework of the Autumn Economic Forum 2025 in Ho Chi Minh City, witnessed by Prime Minister Pham Minh Chinh.

On-chain means that transactions are recorded and verified directly on the blockchain, ensuring transparency, security and immutability. This is the foundation for many digital financial applications, from money transfer, smart contract operation to data storage.

According to international organizations, 2025 is considered an important time in the process of perfecting the legal framework for global digital assets, when the speed of promulgation of new regulations is rapid.

The digital asset market is entering a period of strong growth, with more than 700 million blockchain users worldwide . Notably, major financial centers around the world are proactively accelerating to position their roles in this historic transformation.

In that context, Vietnam is seen as a potential market thanks to its Internet usage rate of 84% - the highest in Southeast Asia, and more than 50,000 technology engineers graduating each year.

Vietnam is also among the countries with high acceptance of digital assets. Experts say this is an important time for Vietnam to not be left behind in the global competition for new financial models.

In terms of policy, the Government has proactively paved the way. On October 22, 2024, the Prime Minister issued the National Strategy on the application and development of blockchain technology until 2025, with a vision to 2030.

At the same time, many important Central Resolutions were issued, including Resolution 57-NQ/TW on science, technology and digital transformation; Resolution 59-NQ/TW on international integration; Resolution 66-NQ/TW on innovation in law making and enforcement; and Resolution 68-NQ/TW on private economic development.

In particular, Resolution 222/2025/QH15 of the National Assembly on the construction of an International Financial Center in Vietnam creates an important legal corridor for the implementation phase.

Accordingly, the International Financial Center in Ho Chi Minh City is expected to become a platform to promote the development of the digital asset ecosystem, strengthen connections with the global financial system and open up new growth space for the economy.

In this spirit, the On-chain Economy Alliance was born with the mission of building digital economic infrastructure, supporting the development of new business models and expanding the comprehensive financial network.

The alliance brings together many international and domestic organizations, including: Viettel Digital Services Company - the leading unit in digital infrastructure in Vietnam; Dragon Capital - the leading fund management institution in Vietnam; Tether - the world's largest stablecoin issuer; Ava Labs - a high-performance blockchain platform; Sky Mavis - the leading "unicorn" in blockchain gaming; Republic - an international fundraising platform; and Onchain Academy - a pioneer in digital economic education in the region.

The participation of these institutions is expected to contribute to the formation of a complete digital asset ecosystem for the International Financial Center in Ho Chi Minh City.

With the determination of the Government and local authorities, the center is expected to become a destination for global capital flows, bringing Ho Chi Minh City closer to its goal of becoming the leading digital asset center in the region.

The World Economic Forum’s “Asset Tokenization in Financial Markets 2025” report shows that the real asset (RWA) tokenization market and on-chain capital markets are taking shape.

The current mainstream trend is to move from technical experimentation to the deployment of next-generation digital market infrastructure.

However, to maximize benefits, the financial industry needs to address issues of standardization, liquidity consolidation, regulatory frameworks, and system interoperability.

These will also be challenges that emerging financial centers like Vietnam need to gradually resolve in the coming time./.

(TTXVN/Vietnam+)

Source: https://www.vietnamplus.vn/ra-mat-lien-minh-on-chain-toan-cau-trong-trung-tam-tai-chinh-quoc-te-viet-nam-post1079260.vnp