Crypto assets, virtual assets, and digital currencies - once viewed negatively - are now officially recognized by the Vietnamese government as an important element in attracting foreign investment.

On August 9 in Ho Chi Minh City, the “Ho Chi Minh City Tech Festival – Conviction 2025” opened, organized by the Ho Chi Minh City Electronics Communication Association with the core participation of the Ho Chi Minh City Blockchain Association (HBA) and the Ninety Eight blockchain ecosystem.

The event focused on two key technologies in Vietnam’s National Strategic Technology list: blockchain and artificial intelligence.

A major topic was the future of digital and tokenized assets, especially as Vietnam prepares to launch international financial centers in Ho Chi Minh City and Da Nang later this year to draw global investment.

According to Johan Nyvene, Chairman of HSC, Vietnam now recognizes tokenized assets, including tokenized traditional assets. As one of the world’s largest cryptocurrency trading markets, this recognition sends a strong signal to international investors. He emphasized that clear legal frameworks and sandbox mechanisms are needed to enable the creation and trading of tokenized products, helping attract global capital.

Nguyen Truc Van, Director of the Center for Economic Simulation and Forecasting under the Ho Chi Minh City Institute for Development Studies, noted that under Resolution No. 222 of the National Assembly on international financial centers, digital assets and fintech are among three priority areas for development. She added that eight guiding decrees are being drafted, including specific incentives related to digital assets.

Le My