On November 3, 2025, the Vietnam Blockchain and Digital Assets Association (VBA) sent Official Dispatch No. 107/2025/CV-VBA to the press management agency regarding a series of posts on social networks by a Facebook account believed to be journalist Le My (working at Vietnamnet Newspaper).
These posts appeared on November 1, 2025 and November 3, 2025, containing misleading insinuations and speculations, affecting the reputation of the Association and ChainTracer - a web3 project tracing program with suspicious signs deployed by the Association since 2023 and Mr. Phan Duc Trung personally in Vai as Chairman of the Association.
These unfounded postings, cuts and speculations create skepticism in the technology and media community, negatively affecting the organizations that Mr. Phan Duc Trung represents. Especially, in the context that blockchain is being oriented by the Government as one of the strategic technologies to promote national digital transformation, the spread of false information risks negatively impacting the investment and innovation environment.
This information violates the legal provisions under Article 34 of the 2015 Civil Code on the protection of personal honor and reputation; Clause 1, Article 8 of the 2018 Law on Cyber Security on the act of providing false information causing confusion among the People; Article 156 of the 2015 Penal Code on the crime of slander; Clause 3, Article 25 of the 2016 Press Law on the obligation of journalists to correct and apologize in case of false information; and Clause 1, Article 101 of Decree 15/2020/ND-CP regulating administrative sanctions for the act of Chia false information.
Before sending the document to the management agencies, the Association said it had directly contacted Mr. Le My by phone at 5:30 p.m. on November 3, 2025. Mr. Le My admitted that the article could be misleading and said it would be corrected. However, by 6:30 p.m. on the same day, the article had still not been edited correctly.
On that basis, the Association has requested Vietnamnet Newspaper and relevant authorities to inspect and verify the responsibility of journalist Le My in using social networks contrary to professional ethics regulations; request the removal of misleading content and post a public apology. At the same time, the Association requests that management agencies strengthen objective and transparent communication about the blockchain field, avoid spreading unverified information that negatively impacts public opinion and the blockchain technology field, and avoid misinformation on social networks to ensure a transparent and healthy information environment.
