The International Finance Center (IFC) in Ho Chi Minh City was announced to operate from December 21, marking an important milestone in the city's development, especially in attracting international investment funds and large financial institutions.
Within the framework of building IFC, blockchain (blockchain technology) plays an important role as a digital infrastructure for many modern financial services, helping to ensure transparency, data security and operational efficiency.
IFC, according to Ho Chi Minh City's orientation, is not only a place to concentrate traditional financial institutions, but also a financial center based on high technology, where technologies such as blockchain, artificial intelligence and big data are applied in transaction management, digital asset monitoring and process automation.
On the other hand, Ho Chi Minh City converges many favorable conditions for Blockchain to be widely applied in practice. Resolution No. 222/2025/QH15 has opened up a controlled testing mechanism (sandbox) for innovative models in the field of digital assets and Blockchain, creating conditions for startups to test, improve products and gradually expand scale, thereby attracting the attention of investment funds and international capital flows.
At the same time, the IFC governing body can also proactively issue policies to support the development of key areas, including digital finance and technology finance.
HBA wants to contribute to building a digital asset ecosystem in Ho Chi Minh City
In that context, the Ho Chi Minh City Blockchain Association (HBA) was established with the mission of connecting the technology community, businesses, training institutions and management agencies to realize the vision of blockchain development in line with the general orientation of Ho Chi Minh City.
Right from its establishment at the end of 2024, the branch's vision is to contribute to activities to make Ho Chi Minh City a leading technology center of the region, while contributing to promoting awareness and innovation in this field.
HBA has actively participated and contributed opinions in the process of completing the legal corridor for Blockchain and digital assets in Vietnam, from the Law on Digital Industry and Technology to Resolution No. 5 on piloting the cryptocurrency asset market.
In parallel, HBA organizes seminars and thematic forums to connect management agencies, businesses and experts, thereby promoting the application of Blockchain in a transparent, cautious and consistent direction with the State's management orientation.
Talking to Lao Dong Newspaper, on the basis of Ho Chi Minh City's science and technology development strategy and the vision of building IFC, the Ho Chi Minh City Blockchain Association affirmed that it will continue to be an active partner, ready to participate, support and accompany IFC's activities, contributing to building a creative, transparent and sustainable financial ecosystem for the city in the next development phase.
In addition to being willing to participate in accompanying HBA's IFC, some Blockchain businesses in Ho Chi Minh City also want to contribute to IFC.
In its role as a purely Vietnamese Blockchain enterprise born and developed in Ho Chi Minh City, Ninety Eight wishes to directly contribute to the construction of the International Finance Center (IFC) with its technological capacity, products and practical implementation experience.
We see Blockchain as the core infrastructure for digital finance, digital assets and transparent, safe management models, in line with the city's sandbox and innovation orientation.
Ninety Eight is ready to accompany regulators, HBA and partners in testing, standardizing and expanding blockchain applications to serve IFC.
Our goal is to contribute to making Ho Chi Minh City a reputable technology and financial destination in the region," Mr. Tran Xuan Tien, media representative of Ninety Eight, shared with Lao Dong.
