Enterprises need a transparent playground
Speaking at the opening of the Vietnam Business Administration Forum 2025 (VCG Forum 2025) organized by the Vietnam Association of Business Administration (VACD), Nha quan Tri Electronic Magazine - TheLEADER.vn on December 10, Mr. Nguyen Duc Thuan - Chairman of the Vietnam Association of Business Administration (VACD) acknowledged that to realize the goal of becoming a developed country by 2045, Vietnam needs new growth drivers, new markets and one of them is digital assets, cryptocurrency assets.
According to Mr. Thuan, digital assets are no longer a story of "virtual fever" but are being shaped to become a core part of the global digital economy.
Citing a survey by the Vietnam Association of Corporate Directors (VACD) and TheLEADER Electronic Magazine, Mr. Thuan stated that more than half of businesses believe that "Financial - Accounting" will be the most effectively applied field, closely followed by the field of " Asset Management and Property Rights".
"This shows that businesses' thinking about digital assets has matured and is no longer vague. Vietnamese enterprises do not see digital assets as a speculative product, but see them as a tool to make cash flow transparent and digital ownership of real assets" - Mr. Thuan emphasized.
Besides the pioneering group, a significant number are still waiting for the legal framework to be completed and concerns about human resources or cybersecurity. Mr. Thuan pointed out the psychology of businesses today when they are not afraid of technology, not afraid of competition, businesses need a transparent playground.
Digital trust - removing bottlenecks in backlogged capital
Mr. Nguyen Phu Dung - Co-founder of PILA Group and member of the Board of Investment of Solaris Impact Fund under Pacific Bridge Capital did not hesitate to affirm that the Internet is the path to sustainable and prosperous development in Vietnam.
According to Mr. Dung, from "Physical Vietnam" to "Digital Vietnam". In which, "Digital Vietnam" is shaped by digital borders and the main language is data.
"However, in the current financial platform, when the capital turnover rate of Vietnam is only 1/3 compared to Singapore. With the same capital, Singapore won three rounds while Vietnam only won one round" - Mr. Dung pointed out the paradox.
Explaining the cause of the above situation, a representative of PILA Group said that there is a lot of stagnation in collateral assets, mainly real estate. Along with that, the lack of policies, mechanisms and legal barriers makes it difficult to access capital for innovation projects.
In order to solve the "bottleneck" of capital flows, digital trust will be the solution to remove it. According to Mr. Dung, digital trust is not based on the relationship between people but on the smallest evidence, from data.
Attracting investment attraction back to Hanoi
Referring to the International Financial Center (IFC), experts all believe that this model in Vietnam cannot be separated from the digital asset ecosystem.
Hanoi does not have an official International Financial Center, but the city is still playing a leading role.
Recognizing the attraction of the capital, Dr. Tran Anh Tuan - Director of the Hanoi Department of Science and Technology acknowledged that Hanoi has a lot of potential but is in a situation where "there are many things that have not happened". Many talents have left Hanoi to start a business in Ho Chi Minh City, Da Nang, or go abroad such as ASEAN countries and China.
"Our viewpoint and message is to make Hanoi the world's most attractive destination for investment - the world, not just Vietnam. We want to attract all the gray forces, human resources and finance that Hanoi has lost" - Mr. Tuan stated.
