On August 29, the Vietnam Blockchain Festival 2025 officially kicked off at the Danang City Administrative Center. The event was co-organized by the Danang People’s Committee and the Central Policy and Strategy Committee, with the coordination of the Vietnam Blockchain and Digital Assets Association.
In his opening remarks, Mr. Pham Dai Duong, Vice Chairman of the Central Policy and Strategy Committee, stated that Vietnam has issued the National Strategy for the Application and Development of Blockchain Technology towards 2030 and identified it as one of the 11 priority strategic technologies.
Vietnam has the advantage of a young and dynamic workforce, along with a rapidly growing digital market, creating favorable conditions for a breakthrough and asserting its position in this field.
Mr. Pham Dai Duong, Vice Chairman of the Central Policy and Strategy Committee, delivering a speech at the Vietnam Blockchain Festival 2025
Mr. Pham Dai Duong affirmed the potential application of blockchain in various fields such as digital assets, financial technology, traceability, and digital data management, which will open up new development space for the digital technology industry and propel Vietnam into the leading group in the region and the world.
Vietnam Blockchain Festival 2025 taking place in Danang
According to Mr. Pham Dai Duong, Danang City has identified science and technology and innovation as the core drivers for rapid and sustainable growth, implementing synchronous mechanisms and policies to develop the startup ecosystem.
The city’s initiatives in establishing an international financial center and a free trade area will create an enabling environment to attract legal services, financial technology, and venture capital, contributing to the robust development of the blockchain and creative startup ecosystem.
The Vietnam Blockchain Festival 2025 is one of the three key activities of Danang Finance and Technology Week 2025, held from August 28 to 30. The festival aims to introduce the potential of blockchain technology development in Danang and create a forum for connection and cooperation between businesses, investors, and experts from Vietnam and abroad.
This year’s event is expected to attract more than 400 delegates from Vietnam and abroad, participating both physically and virtually.
Prior to the festival, on August 26, the Danang People’s Committee approved the controlled testing of “Basal Pay” software – a blockchain-based solution for exchanging encrypted assets with legal tender. For the first time in Vietnam, it integrates the Travel Rule standard according to international regulations on anti-money laundering and countering the financing of terrorism.
Blockchain is a distributed ledger technology that stores data in encrypted blocks shared across a peer-to-peer network. This ensures data transparency and immutability, facilitating the establishment of digital trust.
Blockchain enables fast and secure transaction verification without intermediaries and supports smart contracts and decentralized applications.
This technology is being widely applied in finance, supply chain management, healthcare, education, and digital data management.
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