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“The Evolution of Digital Assets and AI: Unlocking the Future of Finance”

16 August, 2025

Mr. Nguyen Xuan Minh – Chairman of TCBS

The Potential of Digital Assets

At the Techcombank Investment Summit 2025, themed “New Vietnam: A Value Creation Vision,” held on July 9, experts shared insightful views on the future of the financial market in the digital revolution.

Mr. Phan Duc Trung, Chairman of the Vietnam Blockchain Association and Chairman of 1Matrix’s Board of Directors, revealed that Vietnam has 17-20% of its population holding digital assets, ranking among the top countries globally (the global average is around 5-6.5%). He estimated that the inflow of capital into crypto assets reached a staggering 100 billion USD.

Mr. Phan Duc Trung – Chairman of the Vietnam Blockchain Association

With such massive annual transaction volumes, digital assets serve as a “launchpad” for the digital economy and Vietnam’s economy as a whole. Moreover, the development of digital assets will lead to product diversification and blurred boundaries in financial investments. As a result, digital assets expand investment portfolios beyond stocks and bonds to include crypto, structured products, and other encoded assets.

Mr. Nguyen Xuan Minh, Chairman of the Board of Directors of TCBS JSC, observed that this trend makes investment products more accessible to a diverse range of investors, from retail to individual investors, rather than primarily targeting institutional investors as before. Consequently, the market demands a robust technical infrastructure to accommodate the large number of participating investors.

In addition to traditional products like stocks and bonds, individual investors now have the opportunity to access crypto assets, crowdfunding, and structured products commonly found in Asian markets but not yet available in Vietnam, such as securitizing loans and other assets.

Sharing a similar perspective, Mr. Nguyen Khac Lich, Director of the Information Technology Industry Department, Ministry of Science and Technology, added that digital assets offer not only diversity but also a borderless nature, enabling companies like TCBS to serve not just 100 million people in Vietnam but a potential global market of 8 billion.

Despite their immense potential, digital assets in Vietnam lacked a clear legal framework for ownership before 2025. However, digital assets are now legally recognized and protected by the Vietnamese government. The Law on Digital Technology Industry, enacted by the National Assembly in June, will come into force on January 1, 2026, bringing 21 million owners of encoded assets out of the “gray area.”

Infrastructure Readiness for Digital Assets

According to the Chairman of the Vietnam Blockchain Association, by the end of 2024, Blockchain had been identified by the government as the third most important technology for the country’s growth in the new phase.

Blockchain enables the tokenization of any asset, including loans. The government is promoting digitization and tokenization to create a new, legally protected capital mobilization channel.

Speakers at the discussion “Redefining Asset Management in the Digital Age” – Techcombank Investment Summit 2025

In preparation for this process, a robust national infrastructure is crucial. Mr. Pham Minh Tien, Deputy Director of the National Data Center (NDC), shared that the NDC is working on several platforms, including a national data exchange and a national blockchain platform. The latter will ensure security, safety, digital sovereignty, and transparency for all participants.

In terms of regulation, Vietnam can learn from the experiences of other countries in organizing and managing the crypto market. In addition to the Law on Digital Technology Industry currently being drafted and expected to be applied early next year, the market awaits significant changes, such as the pilot of a digital asset exchange – one of the most critical applications of blockchain technology.

Mr. Phan Duc Trung also emphasized that the innovation process should be encouraged not only in small and startup enterprises but also in large corporations to have a more significant impact on the economy.

The Inevitable Rise of AI

Alongside the trend of digital assets, the remarkable development of artificial intelligence (AI) is also bringing about immense potential. General Secretary To Lam affirmed that data is the new means of production, and AI is the new mode of production.

According to Mr. Nguyen Xuan Minh – Chairman of TCBS, to thrive in this new era, businesses cannot rely solely on human resources to serve their expanding customer base. They will need the support of technology and AI. AI enables businesses to understand their markets and customers better, personalize experiences, and easily fine-tune products and services to meet market demands.

Mr. Nguyen Xuan Minh – Chairman of TCBS

At TCBS, the Robo Advisor is considered a vital tool that helps customers plan their asset holding and investment strategies from the early stages of wealth accumulation to significant purchases like automobiles and real estate. TCBS has also applied AI generative technology to its TCAnalysis platform to support customers’ specific analysis requests in real time, enabling them to make more accurate and timely investment decisions.

Additionally, AI is utilized to analyze customer feedback, identify the main causes of negative feedback, and prioritize product and service improvements for market readiness.

The investment in technology and AI has yielded remarkable results for TCBS, including a 50% increase in customer base over eight years, a 40% annual profit growth, and a fivefold higher profit per employee compared to industry peers.

Chi Kien

– 08:00 15/07/2025