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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

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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.

    VietnamAseanAsean BusinessAsia-PacificBlockchainCryptocurrenciescrypto exchange

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