Vietnam Blockchain Association rebrands to embrace digital assets

July 28, 2025 | 16:10

(0) user say

The Vietnam Blockchain Association (VBA) has changed its name to the Vietnam Blockchain and Digital Assets Association, marking a pivotal step in redefining its strategic mission and positioning amid the country’s growing digital economy.

The announcement was made at the association’s general assembly on July 25, where all attending members unanimously approved the new name, while still keeping the VBA acronym.

Vietnam Blockchain Association rebrands to embrace digital assets

The rebranding reflects the VBA’s expanded focus, from solely promoting blockchain technology to taking a more comprehensive leadership role in developing the broader digital asset market and blockchain ecosystem in Vietnam, including the Vietnamese Multi-Chain Blockchain Service Network.

The name change comes in line with a series of national policies aimed at fostering blockchain innovation and digital asset development, including Decision No.1236/QD-TTg which introduced Vietnam’s National Blockchain Strategy, and Decision No.1131/QD-TTg, which lists blockchain among strategic technologies. Additionally, the upcoming Law on Digital Technology Industry, effective from January 1 next year, formally recognises digital assets as legally protected property in Vietnam.

Nguyen Van Hien, vice president and general secretary of the VBA, said the rebranding signals the association’s commitment to aligning with global trends.

"This new identity reflects our determination to integrate blockchain and digital assets into Vietnam’s legal, financial, and public service frameworks and support the country’s broader digital transformation," said Hien.

The assembly also approved the 2025-2030 executive board, comprising 28 members. Phan Duc Trung was re-elected as president of the association, joined by three vice presidents: Nguyen Van Hien, Nguyen Trong Khang, and Phan Chien Thang.

The event was held in accordance with Decree No.126/2024/ND-CP on the organisation and management of associations, with oversight from representatives of the Ministry of Home Affairs and the Ministry of Science and Technology.