The Business Times
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

Vietnam ramps up blockchain as local players chase early lead

Both the public and private sectors are taking part in developing national infrastructure and digital asset services

Summarise
Jamille Tran

Jamille Tran

Published Fri, Sep 5, 2025 · 12:04 PM
    • Vietnam’s Prime Minister Pham Minh Chinh (centre) at the inauguration of National Data Centre No 1 on Aug 18 in Hanoi. A Layer 1 blockchain is being developed to enhance data security for the centre.
    • Vietnam’s Prime Minister Pham Minh Chinh (centre) at the inauguration of National Data Centre No 1 on Aug 18 in Hanoi. A Layer 1 blockchain is being developed to enhance data security for the centre. PHOTO: VIETNAM's NATIONAL DATA ASSOCIATION

    [HO CHI MINH CITY] Vietnam is ramping up its blockchain push.

    Besides government bodies and local firms rolling out network infrastructure, the country is forging home-grown crypto exchanges. These include those backed by lenders such as Military Commercial Joint Stock Bank (MB) and Vietnam Technological and Commercial Joint Stock Bank, or Techcombank.

    The moves are meant to capture a market long dominated by global players.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    VietnamAseanAsean BusinessAsia-PacificBlockchainCryptocurrenciescrypto exchange

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More