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DNO - With strong technological infrastructure, a high-quality workforce and firm government commitment, Da Nang is positioning itself as Vietnam’s next destination for blockchain innovation and decentralized finance (DeFi).
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According to data from CoinMarketCap, a platform under Binance, the global digital asset market is valued at more than US$4.27 trillion and is projected to surpass US$10 trillion by 2030, marking a 2.5-fold increase within 5 years.
The sector now counts over 600 million users, 850 exchanges and around 60 countries and territories with established legal frameworks, nearly half of which have formal licensing procedures.
In particular, Vietnam has recently taken decisive steps to integrate into this fast-growing sector.
The National Assembly’s Resolution No. 222/2025/QH15 established the Vietnam International Financial Centres in the southern metropolis of Ho Chi Minh City and the coastal central hub of Da Nang.
Meanwhile, the National Government Resolution No. 05/2025/NQ-CP approved a pilot program for a regulated digital asset market.
These resolutions aim to create a transparent, well-supervised ecosystem for financial institutions, tech firms, and investors.
As assessed by Phan Duc Trung, the Chairman of the Vietnam Blockchain and Digital Asset Association, Da Nang holds unique institutional advantages to lead the domestic digital asset market.
Upcoming regulations, including the Digital Industry Law effective from January 2026, will further strengthen sectors where the city already excels: semiconductors, artificial intelligence (AI) and digital technologies.
Also, Da Nang is on right track to implement Resolution No. 57-NQ/TW to drive science, innovation, and digital transformation, targeting the digital economy to account for 35 - 40% of its GRDP by 2030.
According to the city leaders, the new regulatory framework opens opportunities for Da Nang to pioneer in digital finance, attract transparent capital flows, and support the development of Vietnam’s international financial centers.
This central Vietnamese city is exploring sandbox mechanisms to allow safe and transparent testing of blockchain and digital asset solutions.
This is expected to lay the groundwork for Da Nang to become the safest, most transparent, and most efficient testing environment for Vietnam’s digital asset market, contributing actively to the overall development of the Vietnamese economy.