The Government of Vietnam has launched a blockchain strategy for the country that will focus on developing the technology and expanding adoption. As of 2025, Vietnam has also introduced new pilot programs allowing select financial institutions to integrate blockchain for secure transactions, reinforcing the Vietnam blockchain policy.
Key Takeaways
- Vietnam’s government is fully backing blockchain adoption with a long-term strategy focused on infrastructure, regulations, and innovation.
- The Vietnam blockchain policy includes plans to create 20 blockchain brands and establish testing hubs to boost research and development.
- New incentives and legal frameworks are making it easier for blockchain startups to launch and grow in Vietnam.
- International partnerships with South Korea and Japan are strengthening Vietnam’s blockchain ecosystem, bringing in expertise and investment.
- With over $200 million in blockchain funding secured in early 2025, Vietnam is quickly becoming a major hub for blockchain innovation in Asia.
New Vietnam Blockchain Policy
Vietnam has a clear vision to expand blockchain adoption leading up to 2030. In this regard, its government has released a National Blockchain Strategy. Publishing a press release on the strategy, the government outlined key areas that would enable blockchain adoption in Vietnam. According to the latest reports, the Vietnam blockchain policy now includes incentives for startups working on decentralized finance (DeFi) solutions, further accelerating adoption.
The Deputy Prime Minister of Vietnam signed the order launching the strategy on October 22. Meanwhile, the press release noted how blockchain technology formed a key trend for the ‘Fourth Industrial Revolution.’ Recently, Vietnam has also signed agreements with South Korean and Japanese firms to enhance blockchain infrastructure under the Vietnam blockchain policy, ensuring international collaboration.
Vietnam would work towards creating twenty blockchain brands as a part of the strategy. These blockchain brands will center on services, platforms, and products. Moreover, the strategy will also entail developing testing centers or special zones focused on blockchain technology. In 2024, two such blockchain hubs were established in Ho Chi Minh City and Hanoi, aiming to serve as innovation centers under the Vietnam blockchain policy.
The government listed five specific actions that would aid in achieving the vision: “(1) Perfecting the legal environment; (2) Developing infrastructure, forming a blockchain industrial ecosystem; (3) Developing human resources for the Blockchain field; (4) Promoting Blockchain development and application; (5) Promoting research, innovation and international cooperation.“ Notably, recent amendments to the Vietnam blockchain policy have streamlined the licensing process for blockchain startups, making it easier for new projects to enter the market.
Key Actions
Key actions of the vision will also be presided over by the Vietnam Blockchain Association. Along with the government, unions, and other professional bodies, the Vietnam Blockchain Association will take part in taking the plans forward. In a recent development, the association has also partnered with local universities to introduce blockchain-focused courses, aligning with the long-term goals of the Vietnam blockchain policy.
The unique aspect of this strategy is that it has legal status. This is likely going to empower institutions in Vietnam to bring the strategy to fruition. At the same time, existing blockchain firms could also benefit from the strategy. Asia is a major region that is moving towards becoming a hub for this sector. Hong Kong, Japan, Singapore, and others have also been working in this regard. With the Vietnam blockchain policy gaining traction, foreign investments in Vietnam’s blockchain sector have surged, with over $200 million in funding secured for local projects in early 2025.
The Bottom Line
Vietnam is going all in on blockchain, and its new strategy shows just how serious the country is about making it a core part of its tech future. With clear goals, government support, and growing international partnerships, the Vietnam blockchain policy is something to take note of. Startups, investors, and developers now have a solid framework to build and innovate, making Vietnam one of the most exciting places for blockchain growth in Asia. If things keep moving at this pace, Vietnam could soon be a major global player in the blockchain space.Blockverse is your one-stop comprehensive guide to crypto! Follow us to stay updated and make sure you’re subscribed to the newsletter.
