On August 9, in Ho Chi Minh City, the Ho Chi Minh City Technology Festival – Conviction 2025 officially kicked off. The event was organized by the Ho Chi Minh City Electronic Media Association, with the core being the Ho Chi Minh City Blockchain Association (HBA) and the Ninety Eight blockchain ecosystem.
The two-day event, taking place from August 9 to 10, focuses on two cutting-edge technologies: Blockchain and Artificial Intelligence, which are among the strategic technologies of the country.
Mr. Nguyen Thanh Hoa, Deputy Director of the Ho Chi Minh City Center for Digital Transformation, shared that the Law on Digital Technology Industry has been officially passed and will take effect from January 1, 2026. Additionally, Blockchain has been recognized as a strategic technology for the nation under Decision No. 1131/QD-TTg issued by the government.
The development of Blockchain technology will focus on three main areas: digital assets, digital money and cryptocurrencies, blockchain infrastructure, and traceability systems.
Mr. Nguyen Thanh Hoa, Deputy Director of Ho Chi Minh City Center for Digital Transformation. PHOTO: Ha Quyen
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This provides an opportunity for blockchain developers to step into the spotlight.
However, according to Mr. Hoa, more comprehensive and specific legal strategies are needed to boost these products. This is because when it comes to blockchain applications, people and investors still face psychological barriers.
Mr. Hoa identified seven major obstacles: concerns about the value blockchain brings, risk barriers, traditional barriers (cash payment habits), image barriers, technology demonstration barriers, and legal policy barriers.
Therefore, to promote the Web3 market, in particular, and Blockchain and AI, in general, stronger support in the form of legal frameworks and policies is necessary to boost business confidence.
From a financial perspective, Mr. Johan Nyvene, Chairman of HSC Securities Company, expressed that digital assets, virtual assets, and cryptocurrencies used to be viewed negatively, but now Vietnam has recognized digital assets, including tokenized traditional assets.
“This is a positive sign, especially as we are striving to build an international financial center in Ho Chi Minh City and Danang,” said Mr. Johan Nyvene.
However, according to Mr. Nyvene, to realize this international financial center, in addition to the recognition of digital assets in the Law, the next step is to have clearer policies and legal frameworks to provide a sandbox mechanism for this field.
This will facilitate the creation of digital products, including the tokenization of traditional assets, to be traded in the near future, attracting international capital.
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Promoting Communication in a New Era
From a media perspective, Mr. Nguyen Quy Hoa, Chairman of the Ho Chi Minh City Electronic Media Association, believes that to integrate Blockchain and AI into daily life, there is a need to enhance science and technology communication.
According to Mr. Nguyen Quy Hoa, Vietnam, especially Ho Chi Minh City, is entering a phase of robust development in science and technology. This calls for science communication to become a soft pillar, connecting scientists with the public, businesses, and policymakers.
Mr. Hoa outlined five crucial missions for science communication: translating specialized knowledge into a language that people understand; building scientific trust and combating fake news; conveying profound content that links science with culture, education, and art; fostering multidisciplinary collaboration; and developing a specialized communication team.
He also proposed the establishment of science communication clubs in each ward and commune, granting content creation authority to high school students, and developing a local digital platform to disseminate knowledge to Vietnamese people. This is a way to spread awareness about the era of Blockchain and AI.
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Ho Chi Minh City Has Many Policies to Promote Digital Assets Ms. Nguyen Truc Van, Director of the Center for Economic Simulation and Forecasting, Ho Chi Minh City Institute for Development Studies, shared that according to Resolution No. 222 of the National Assembly on the International Financial Center in Vietnam, there will be three priority areas with supportive policies, including digital assets and fintech. “The authorities are currently working on eight decrees to guide the establishment of the International Financial Center in Ho Chi Minh City and Danang, which will include specific incentives related to digital assets,” emphasized Ms. Nguyen Truc Van. |
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According to the Ho Chi Minh City Blockchain Association, during the event on August 10, there will be signing ceremonies between partners in the application of NFT and Blockchain in the luxury fashion industry for traceability of unique products and the use of Blockchain in record-setting. |
Thu Ha
– 18:10 09/08/2025
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