Vietnam is entering a breakthrough phase in its journey of applying blockchain technology to practical life, with favorable conditions in terms of policy, legal framework, and support from the tech community. Experts believe this is a golden opportunity for the country to rise and become one of the leading Web3 development centers in Southeast Asia.
At the Ho Chi Minh City Technology Festival – Conviction 2025, Mr. Nguyen Thanh Hoa, Deputy Director of the Ho Chi Minh City Digital Transformation Center, emphasized that Vietnam has a special advantage due to three key factors:
Gradual legalization of digital assets: helping businesses confidently develop blockchain-based products and services.
Transparent legal framework with sandbox testing: creating a safe space for experimentation, limiting risks before large-scale deployment.
Developer-friendly incentive policies: nurturing startup communities and young talents in the technology field.
A crucial highlight is that in October 2024, the Government approved the National Blockchain Strategy – a pivotal document aiming to place Vietnam among the leading countries in the region by 2030. According to the plan, at least 20 reputable blockchain brands will be built, and multiple testing centers will emerge nationwide.
Subsequently, in June 2025, blockchain was included in the list of 11 strategic technologies in Vietnam. Just two days later, the Digital Industry Technology Law was officially passed, becoming the legal foundation for numerous technological initiatives in the coming period.
These changes created an immediate effect. Many international corporations and investment funds have chosen Vietnam to test new projects. For instance, Binance launched the "Blockchain for Vietnam" program, Dragon Capital proposed an ETF based on Tokenization, and VeChain Talents attracted hundreds of innovative ideas from the startup community. This is a clear indication that Vietnam is becoming an attractive destination for global talent and capital.
Vietnam's blockchain landscape is also aligned with international trends. From early 2025, when Donald Trump returned to the White House, the US declared blockchain a priority in its digital economic strategy. This indirectly created a global momentum, compelling other countries, including Vietnam, to quickly seize opportunities to avoid falling behind.
It can be seen that Vietnam is not just "catching up" but also has the opportunity to lead the Web3 wave in Southeast Asia. The combination of policy vision, transparent legal framework, and innovative environment will be the launchpad for blockchain to become a new growth driver for the national digital economy.
