Vietnam urged to strengthen infrastructure, security to attract digital asset investment

Speaking at Vietnam Blockchain Day 2025 on August 29, a representative from the Ministry of Science and Technology said the key challenge is ensuring Vietnam can earn revenue from blockchain and crypto technologies, instead of becoming a source of capital outflow.

Mai Huy Tuan, CEO of blockchain firm SSID, said Vietnam needs both technological infrastructure and policy support to build a competitive digital asset sector.

"Hard infrastructure refers to technology platforms and systems, while soft infrastructure includes legal frameworks, policies, and community engagement," Tuan told Tuoi Tre (Youth) newspaper.

Vietnam has a sizable blockchain workforce, with local engineers working in senior roles at global exchanges such as Binance, Bybit, and OKX. 

Tuan said Vietnam should offer attractive conditions and long-term opportunities to encourage these professionals to return.

Trang Phung, CEO of blockchain platform U2U Network, said human capital is a critical factor for the sector's growth. 

She called for blockchain, programming, and business management to be included in secondary and university-level education.

Some companies have started recruiting and training university interns, providing them access to international blockchain conferences.

Phung also emphasized the importance of cybersecurity. 

While blockchain is more secure than centralized systems due to its decentralized architecture, she said user awareness remains a weak point.

"User interfaces and lack of understanding are still the main causes of security breaches," she said.

Vietnam lags behind financial hubs like Singapore, Hong Kong, and Dubai, Tuan said. 

However, he added that Vietnam could still become a regional digital asset center by identifying a unique development path and creating a favorable regulatory environment.

To expand blockchain technology beyond the domestic market, Phung said Vietnam must build open infrastructure based on global standards, ensure interoperability across blockchain networks, and address the industry's core challenges of scalability, security, and decentralization.

She said cooperation with global cybersecurity audit firms is necessary to maintain transparency and reduce risk.