📋 Tender Overview
In the context of the economy needing large capital to maintain growth momentum, digital assets and encrypted assets are expected to become a new capital channel, complementing traditional channels such as bank credit and the stock market. Download Ho Chi Minh City Technology Festival - Conviction 2026 takes place from August 14-15 in Ho Chi Minh City to promote the application of blockchain and AI technology in practice - Photo: chinphu.vn/LACompleting the legal corridorVietnam is gradually preparing legal, infrastructure and risk management conditions to put blockchain and the digital and crypto asset market into operation, aiming to create value for the real economy. Law The digital technology industry has created a legal corridor for new technologies; while the Law on Artificial Intelligence demonstrates a human-centered management approach, linked to the level of risk. Decision No. 21/2026/QD-TTg issued by the Prime Minister identifies artificial intelligence (AI), big data and blockchain as belonging to the strategic technology group. Along with that, Resolution No. 05/2025/NQ-CP opens a pilot mechanism for the digital asset and encrypted asset market; combined with the framework of the International Financial Center in Ho Chi Minh City and Da Nang to test new services and technologies. At the first discussion session of the Ho Chi Minh City Technology Festival - Conviction 2026 taking place from August 14-15 in Ho Chi Minh City, experts and managers focused on discussing policies, legal frameworks and conditions for forming a digital asset market in Vietnam. Opinions from experts all said that in the context of The economys capital needs are growing, digital assets and encrypted assets can become new capital channels, besides bank credit and securities. However, market development must go hand in hand with preventing and combating money laundering, ensuring cybersecurity and controlling risks, thereby creating conditions to attract legal international capital flows. Sandbox creates a space for testing. From the perspective of market management agencies, Mr. To Tran Hoa, Standing Deputy Head of the Crypto Asset Trading Market Management Board, State Securities Commission, said that the basic market management framework has been completed in the direction of setting strict business conditions. Five businesses has been approved in principle and is completing the requirements for level 4 information security, business processes and the obligation to contribute capital of 10,000 billion VND before officially participating in the pilot. According to Mr. To Tran Hoa, the time when the trading floors officially operate depends on the preparation progress of the business. In terms of operating principles, Vietnamese businesses issue crypto assets on the basis of real assets to foreign investors and only foreign investors can buy and sell. Transactions must be made in Vietnamese Dong, and comply with the Travel Rule of the Financial Action Task Force (FATF) to increase the ability to control cash flow. Download Experts and managers focus on discussing policies, legal frameworks and conditions to form a digital asset market in Vietnam - Photo: chinphu.vn/LA Mr. Phan Vu Tuan, Vice Chairman of the Ho Chi Minh City Electronics and Communications Association (EIC) assessed that the Law on Digital Technology Industry officially recognizing digital assets as a type of asset is an important step. However, according to him, the market still needs to continue to clarify many issues such as asset classification. assets, tax obligations, licensing conditions and dispute resolution mechanisms related to digital assets. It is necessary to accelerate the concretization of regulations and instructions, and soon put the legal framework into practical operation, helping businesses proactively welcome international capital flows, Mr. Phan Vu Tuan proposed. Besides the legal corridor, experts believe that a reliable data infrastructure is an important condition for digital assets and core technologies to be put into practical application. Some opinions say that, The foundation of the future digital economy lies in reliable data infrastructure. Digital assets only truly develop their value when operated on an infrastructure that is reliable, safe and capable of authentication. The controlled pilot implementation, combining sandbox with high requirements for transparency, anti-money laundering and network security, is expected to create a foundation for the digital asset market to develop in a safe direction, gradually integrate with the international market and make a substantial contribution to economic growth. Le Anh Read moreCompleting the legal corridor for assets Read moreSee moreOpen up many new development opportunities for the digital economy and digital asset marketSee moreDevelop a sustainable digital asset investment community from knowledge See moreEnsuring network security for digital asset trading floors
