The two IFC locomotives are moving
On the afternoon of July 31, 2025, the seminar "international Financial Center and Sharing perspective on digital assets" took place at the National Convention Center (Hanoi), this is a sideline event within the framework of GM Vietnam 2025 - Blockchain Week, Digital Assets and Investment Technology Leading Asia. The event was co-organized by SSI Digital and Kyros Venture, under the sponsorship of the National Cyber Security Association.
Speaking at the event, Mr. Ho Ky Minh - Permanent Vice Chairman of the People's Committee of Da Nang City. Da Nang said that International Financial Center (IFC) in Da Nang will focus on the technology - finance - data development axis, taking advantage of its strategic position and digital ecosystem to attract investment funds, fintech companies and global financial institutions.
For Ho Chi Minh City, Master Le Thanh Hai - Director of the Center for Economic Application Consulting (Ho Chi Minh City Institute for Development Studies) shared that the city is promoting infrastructure connectivity, human resource training and building a mechanism to attract experts, with the expectation of making IFC Ho Chi Minh City a locomotive for financial - technological integration in the region.
Enterprises need to proactively prepare to be ready to enter the market
At the opening discussion session with the theme "Connecting the digital ecosystem and future legal problems", Mr. To Tran Hoa - Deputy Head of the Market Development Department, State Securities Commission said that Vietnam is urgently completing the draft resolution to pilot the cryptocurrency asset market, with the expectation of being issued in August.
The draft allows the establishment of a business providing cryptographic asset services, while establishing a controlled testing mechanism (sandbox). According to Mr. Hoa, this is a pivotal moment, when the legal framework is gradually taking shape, businesses must proactively prepare conditions to participate in the market right now.
Enterprises need to urgently complete the infrastructure system and information technology to meet safety standards according to regulations. At the same time, fully develop market implementation and operation processes to ensure safety and efficiency, Mr. Hoa emphasized.
He said: The draft focuses on managing cryptographic asset transfer activities between users, through cash flow control and payment. The goal is to prevent money laundering, in line with the recommendations of FATF - International Financial Task Force," said Mr. Hoa.
Vietnam is currently on the FATF gray list, and according to Mr. Hoa, the issuance of a legal framework for digital assets is also an important step to meet international standards, thereby opening up the opportunity to remove Vietnam from this monitoring list, promoting international capital flows into the market.
Mr. To Tran Hoa also said that building a cryptocurrency asset market is not only a technological problem, but also a story of compliance and risk management. Therefore, the establishment of IT infrastructure, transaction processes, data security and banking connections are prerequisites.
Cash flow control is not only to ensure the safety of investors, but also the basis for Vietnam to integrate internationally in preventing money laundering. If handled well, Vietnam will not only open up opportunities for businesses, but also improve the national image on the global financial map, Mr. Hoa affirmed.
Waiting for the legal framework to test new products
As one of the pioneering enterprises in the field of digital finance, Mr. Mai Huy Tuan - General Director of SSI Digital Technology Joint Stock Company (SSI Digital - SSID) said that the domestic blockchain community has been waiting for a legal framework for many years. During that time, many businesses still tried to invest in infrastructure, technology, and human resources, even though the market had not yet officially operated.
We are eagerly awaiting this resolution. If issued in August, digital asset enterprises will have the opportunity to test new products within a clear legal framework," said Mr. Tuan.
According to him, in recent years, Vietnam has formed a number of digital asset business communities that are truly active, have products, technology, and need to develop systematically. However, the biggest obstacle is still the lack of a legal corridor, causing businesses to operate sparingly and cannot expand their scale.
From now on, businesses need to proactively invest in technical infrastructure, perfect a standardized operating model, ensure safety, security, and compliance factors to be ready to enter the market when allowed, Mr. Tuan recommended.
