Ho Chi Minh City’s Conviction 2025 Tech Festival: A Resounding Success
The Conviction 2025 Tech Festival in Ho Chi Minh City has concluded successfully, attracting 20,000 attendees over two days. The opening ceremony was graced by the presence of Dr. Thang Van Phuc, former Vice Minister of Home Affairs, and Dr. Tran Chien Thang, former Vice Minister of Culture, Sports, and Tourism, along with leaders from various departments in Ho Chi Minh City.
“Standing together in Ho Chi Minh City, a dynamic and ambitious hub, we officially inaugurate an event of international stature. This symbolizes Vietnam’s vision and breakthrough in the digital era,” said Mr. Le Thanh, Vice President of the Ho Chi Minh City Blockchain Association, during his speech at the opening ceremony.
“Digital Transformation Policy – A Lever to Promote Web3 Adoption”
At Conviction 2025, Mr. Nguyen Thanh Hoa, Deputy Director of Ho Chi Minh City’s Digital Transformation Center, highlighted that Vietnam possesses three key pillars to propel itself to the forefront of Web3 technology in Southeast Asia: the gradual legalization of digital assets, the refinement of a transparent legal framework coupled with sandbox implementation, and the enactment of developer-friendly policies.
Mr. Hoa identified seven barriers to the adoption of new technology, including usage barriers, risk barriers, traditional barriers, image barriers, technophobia, and legal hurdles.
“Two years ago, there weren’t any conferences like Conviction 2025. Back then, we talked a lot about legal frameworks, regulations, and uncertainties. But now, we can go further,” shared Mr. Thanh Hoa during the event.
A Major Turning Point: Vietnam’s National Blockchain Strategy
A pivotal moment arrived in October 2024 when Prime Minister Pham Minh Chinh issued Decision 1236, approving the National Blockchain Strategy for the first time in Vietnam. This strategy aims to position Vietnam among the regional leaders in blockchain technology by 2030, with specific targets such as establishing 20 reputable blockchain brands and setting up testing centers nationwide.
On June 12, blockchain was recognized as one of Vietnam’s 11 strategic technologies. Two days later, on June 14, the National Assembly passed the Law on Digital Technology Industry.
With these foundations and legal frameworks in place, Mr. Hoa believes that it’s time to build Vietnam’s Web3 future.
“Ho Chi Minh City’s Aspiration to Become an International Financial Center”
During the discussion titled “Ho Chi Minh City’s Aspiration to Become an International Financial Center,” speakers from HSC Securities Joint Stock Company, the Vietnam Financial Investors Association (VAFI), and the Ho Chi Minh City Center for Economic-Social Simulation and Forecasting shared insights on how Ho Chi Minh City can evolve into an International Financial Center—not just in terms of capital but also as a melting pot of innovation, financial economics, and digital assets.
According to Mr. Johan Nyvene, Chairman of HSC, digital and virtual assets were once viewed negatively, but now Vietnam has recognized digital assets, including traditional assets that have been digitized.
As one of the largest cryptocurrency trading markets globally, Vietnam’s government recognition is a positive signal. Including digital assets in the international financial center will be the first step in attracting investment from international organizations.
Mr. Nyvene believes that with the issuance of resolutions recognizing digital assets, the next step is to establish clear policies and legal frameworks to introduce a sandbox mechanism for this field. This will facilitate the creation of digital products, including the digitization of traditional assets for trading in the near future, attracting international capital.
On this matter, Mrs. Nguyen Truc Van, Director of the Ho Chi Minh City Center for Economic-Social Simulation and Forecasting, stated 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 for development, including digital assets and fintech.
“Vietnamese Entrepreneurs Taking on the World”
In the discussion “Vietnamese Entrepreneurs Taking on the World,” speakers from Vietnamese blockchain startups with global reach, including Ninety Eight, Kyber Network, Sky Marvis, and ReneVerse, shared their insights on building and growing in the blockchain industry.
Mr. Le Manh, CTO of Kyber Network, believes that Vietnamese blockchain companies possess a highly skilled workforce in platform and system development. Another strength lies in their rapid problem-solving abilities.
“Vietnamese teams are also highly regarded for their creativity and technical prowess,” said Mr. Le Thanh, founder of Ninety Eight.
The experts also noted that local developers lack confidence, a global product design mindset, and a deep understanding of unfamiliar markets. These are areas that need improvement for Vietnamese businesses to achieve larger-scale growth.
“Blockchain Presents Abundant Opportunities”
In terms of products, Mr. Nguyen The Vinh, CEO of Ninety Eight, believes that this domain still offers abundant opportunities. He compares blockchain to the Internet 40 years ago—powerful and full of potential but not yet mainstream.
“Therefore, our goal is to redefine the user experience around trust and security by deeply integrating AI into every layer of the infrastructure. This will create a more user-friendly and humane blockchain,” said Mr. Vinh.
Proposed Road Construction Through the Forest: Connecting Dong Xoai and Ho Chi Minh City’s Ring Road 4
The route commencing from Dong Xoai, traversing Provincial Road 753, and the Ma Da Bridge, including the 13km-long viaduct leading to Ho Chi Minh City’s Ring Road 4, offers a seamless connection.
The Ultimate Guide to Short-Term Rental Apartments in Ho Chi Minh City: What You Need to Know
For condominiums that meet the requirements for short-term rental apartments, the People’s Committee of Ho Chi Minh City directs the departments and branches to compile and publicize the full range of relevant legal regulations.
“The Making of HCMC’s Land Price Index for 2026 and Beyond: A Comprehensive Guide”
The Ho Chi Minh City Department of Agriculture and Environment has proposed maintaining the previously issued land prices in three localities (Ho Chi Minh City, Binh Duong, and Ba Ria-Vung Tau) and integrating them into a unified land price table applicable to Ho Chi Minh City from January 1, 2026, until the Ho Chi Minh City People’s Committee issues a new land price table as a replacement.
The Ultimate Guide to Investing in Ho Chi Minh City’s Ring Road 4: Unlocking the Potential of This Emerging Real Estate Hotspot
Long An, now part of Tay Ninh province, boasts an impressive 78km stretch of the Belt Road 4. This strategic location places it at a significant advantage, directly benefiting from this major transport route.
The Ultimate Luxury: Detached Houses in Ho Chi Minh City Fetch a Whopping 700 Billion VND Each, Selling at a Slow but Steady Pace
In July 2025, the price of new shophouses and villas in Ho Chi Minh City reached a staggering high of 700 billion VND (approximately $30.4 million) per unit, according to a report by DKRA Consulting. The province of Dong Nai saw prices peak at 228 billion VND (approximately $9.9 million), while in Tay Ninh, prices neared 40 billion VND (approximately $1.7 million) per unit.
