Phan Duc Trung, chair of the Vietnam Blockchain and Digital Assets Association, says that building national blockchain infrastructure will help Vietnam master core technologies.

U2U Network currently serves over 1.4 million users globally, with more than 100 projects either operating on or committed to developing on the platform.

According to Phan Duc Trung, Chairman of the Vietnam Blockchain and Digital Assets Association, building a national blockchain infrastructure will help Vietnam master core technologies and safeguard its sovereignty over data and digital assets.

Blockchain is no longer simply a buzzword. Its recognition as strategic infrastructure underscores its growing role in ensuring data integrity, transparency, and trust across production, distribution, and consumption chains.

Several blockchain firms in Vietnam have restricted domestic users after Resolution 05/2025 was issued.

The government has issued a resolution on a digital asset market in Vietnam on a trial basis. Six months after the first licensed entity starts operations, all off-system digital asset transactions will be subject to legal action.

The gallery, a fusion of technology and art, where “dry lines of code are elevated into emotions”, traces the history of blockchain, from its nascent stages to global surge, encompassing bitcoin and the broader universe of digital assets.

Phan Duc Trung, Chair of the Vietnam Blockchain and Digital Asset Association, said countries and territories worldwide such as the US, Hong Kong (China) and Thailand have issued and amended regulations on digital assets.

The Vietnam Blockchain and Digital Asset Association (VBA), KuCoin Group, and 1Matrix Company signed a strategic MoU to boost blockchain infrastructure, expand digital asset use, and drive Vietnam’s digital economy.

At the GM Blockchain Security Forum 2025, Lieutenant General Nguyen Minh Chinh noted that security is a prerequisite for building digital trust and developing a safe, transparent, and sustainable blockchain ecosystem.

Experts believe that if Vietnam seizes the opportunity and establishes a timely legal framework, blockchain technology could become a strategic pillar in the country's digital economic growth and national digital sovereignty.

Vietnam is no longer just an emerging blockchain market, it is stepping into a leadership role, with global investors, developers, and experts recognising its growing potential to become a leading hub for digital assets in the region.

A globally harmonized legal framework would encourage blockchain companies to register and establish headquarters in Vietnam, rather than overseas as currently is the case.

If Vietnam’s legal framework aligns with global standards, it will encourage blockchain companies to register and establish headquarters in Vietnam, rather than abroad as is often the case now.

Grimes and Binz are among artists using Web3 and NFTs to protect music rights and monetize their work.

TrustX Market is under scrutiny by the Vietnam Blockchain Association for unauthorized use of images and promoting risky investment models resembling multi-level marketing schemes.

Vietnam's blockchain market has significant potential and strengths for development, particularly a large workforce and more competitive costs compared to Singapore or North America, according to a Vietnamese intellectual in the UK.