At the Vietnam Corporate Governance Forum 2025 (VCG Forum 2025), themed "Unlocking the Potential of Digital Assets," held on the afternoon of December 10th in Hanoi, Mr. Tran Anh Tuan – Director of the Hanoi Department of Science and Technology – announced that the city will officially launch its Technology Exchange Platform on December 22nd. Notably, this system may also integrate a Digital Asset Exchange function, leveraging the specific mechanisms in the amended Capital City Law to create a transparent and controlled environment for emerging asset types such as Tokenize physical assets or intellectual property.
This move is considered a crucial turning point, helping digital assets move out of the "grey area" and become a legitimate channel for Capital , managed based on modern technology instead of operating spontaneously as in the previous period. To successfully implement this, Hanoi is preparing to issue six important resolutions, including a Sandbox mechanism for four priority areas: digital assets, financial technology, smart cities, and expanded data applications on a citywide scale. Experts believe the Sandbox will be key to attracting technology companies, as this model allows for controlled testing before expanding to the market.
Regarding Vietnam's advantages in the digital asset race, Mr. Nguyen Phu Dung – co-founder of PILA Group and a member of the Solaris Impact fund investment board under Pacific Bridge Capital – emphasized that the greatest future lies not in purely digital assets but in tokenized real assets (RWA). According to him, the values that Vietnam possesses, such as Ha Longing Bay, Phu Quoc Island, or its cultural and culinary heritage, can all be "liquefied" through tokenization to create entirely new investment products, both preserving traditional values and opening up new Capital flows for the economy.
Mr. Dung believes that blockchain infrastructure plays a Vai as the "backbone" of the national strategy in the field of RWA (Regional Wide Area Marketing), because this technology creates a transparent, immutable, and verifiable data layer. On this foundation, new layers of digital finance and digital economic models will emerge, opening up a more modern investment ecosystem. In many countries, this trend has accelerated significantly after regulatory bodies began building clear legal frameworks, and Vietnam is following a similar trajectory.
However, the transition from a spontaneous model to a formalized management model requires a prerequisite: a "trust-based economy." Experts at the event emphasized that digital assets only have sustainable value when built on a foundation of digital trust, which is reinforced by two crucial pillars: a clear legal framework and a synchronized technological infrastructure. Policies such as Resolution 05 on piloting the cryptocurrency market, along with a digital identification system, blockchain, and national-level security mechanisms, will help the market operate stably, minimize risks, and attract larger Capital flows.
Modern technology allows the entire process of asset appraisal, custody, and monitoring to be transparent and immutable, thereby facilitating the secure trading of digital assets similar to real estate or securities. This trend is also spreading globally as many major financial markets begin using Tokenize to hold securities, bonds, or tangible assets.
In the long term, Hanoi aims for the digital economy to account for at least 40% of its GRDP between 2026 and 2030. This has led the city to race to find high-level personnel, from chief data architects to hardware and semiconductor experts – fields that are booming in the global technology supply chain . The Hanoi government affirms its commitment to pursuing international standards, building an innovation ecosystem where technology and legal frameworks develop in parallel, creating the foundation for the digital economy to become a key growth driver for many years to come.
