The Savvy Investor’s Take on Crypto: A Conversation with Sơn Kim Retail’s CIO

"With the evolving landscape of technology, experts believe that the widespread adoption of blockchain applications and digital assets is imminent. As the legal framework surrounding this innovative technology becomes more defined, it is expected that people of all ages, not just the youth, will embrace these advancements."

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In a recent interview, the HCMC Blockchain Association (HBA) discussed the trends in Vietnam’s crypto asset market with industry experts.

Mr. Tai Tran, Investment Director at Son Kim Retail, highlighted that Vietnam consistently ranks among the top 3 countries in terms of transaction value and interest in crypto assets, as evidenced by numerous statistics. This fact is indisputable.

Not only have users shown a keen interest, but the government and regulatory authorities are also paying attention to this field. Vietnam has enacted the Digital Technology Industry Law 2025, which will come into force on January 1, 2026. Additionally, the decree on piloting digital asset transactions is in the final stages of completion.

“We are in a phase of strong industry growth,” asserted Mr. Tai Tran.

Given his expertise in both fiat and crypto, Mr. Tai Tran believes that young, tech-savvy individuals are naturally inclined to explore crypto products. Crypto is currently a popular investment tool for accumulating wealth, making it inevitable that younger generations are drawn to crypto assets.

Mr. Tai continued, “Once crypto is officially legalized in Vietnam, we’ll see a surge in applications with higher acceptance rates. This means greater openness and accessibility for everyone, not just the youth. Legalization will spark interest and encourage exploration and analysis across all segments of society, allowing individuals to store their valuable assets in this domain.”

Echoing this sentiment, Mr. Johan Nyvene, Chairman of HSC (Ho Chi Minh City Securities Corporation), predicted that tokenized assets will be the next big trend in the blockchain industry.

Mr. Nyvene also noted that Resolution 222, which establishes an international financial center, signals Vietnam’s readiness to enter a new phase of development, particularly in digital technology, digital assets, and digital finance.

From the perspective of a securities company, Mr. Nyvene views blockchain technology as the core enabler for tokenized asset transactions in the future international financial center. Therefore, the development of blockchain technology is crucial, not just for Vietnam but specifically for the international financial center.

“I attended a Solana blockchain conference in Da Nang with over 2,000 participants, half of whom were from all over the world,” Mr. Nyvene shared. “These are the kinds of events where we can better promote Vietnam’s financial market and its potential for international integration in the realm of digital finance.”

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