Rebranding of Vietnam Blockchain Association to align with digital assets focus
Vietnam Blockchain and Digital Assets Association Rebranded
The Vietnamese Blockchain Association (VBA) has undergone a significant transformation and is now known as the Vietnam Blockchain and Digital Assets Association (VBDA). The new name reflects the association's expanded focus on integrating blockchain and digital assets into Vietnam's legal, financial, and public service frameworks.
The rebranding event, held on July 25, 2025, was in accordance with Decree No.126/2024/ND-CP on the organization and management of associations. The assembly approved the 2025-2030 executive board, consisting of 28 members. Phan Duc Trung was re-elected as president, while Nguyen Van Hien, Nguyen Trong Khang, and Phan Chien Thang were elected as vice presidents.
This shift in focus aligns with a series of national policies aimed at fostering blockchain innovation and digital asset development in Vietnam. One such policy is Decision No.1236/QD-TTg, which introduced Vietnam's National Blockchain Strategy. Another policy is Decision No.1131/QD-TTg, which lists blockchain among strategic technologies.
The VBDA's expanded mission includes fostering the development of a comprehensive, sustainable, and legally sound digital assets landscape in Vietnam. This aligns with the upcoming Law on Digital Technology Industry, effective from January 1 next year, which formally recognizes digital assets as legally protected property in Vietnam.
The VBDA's focus extends beyond promoting blockchain technology to encompass the broader digital asset market and the blockchain ecosystem, including the Vietnamese Multi-Chain Blockchain Service Network (VBSN). The association's commitment to this expanded role signifies its support for Vietnam's broader digital transformation.
Nguyen Van Hien, vice president and general secretary of the VBDA, stated that the rebranding signifies the association's commitment to aligning with global trends. The association, previously known as the VBA, has changed its name while retaining the VBA acronym, demonstrating a continuity in its mission while embracing a new direction.
The VBDA's expanded focus and renamed identity mark a significant step in the integration of blockchain and digital assets into Vietnam's national infrastructure. This development is expected to promote transparency, ethical standards, and compliance across the industry, contributing to Vietnam's digital economy.
The expanded focus of the Vietnam Blockchain and Digital Assets Association (VBDA) encompasses integrating blockchain and digital assets into Vietnam's business, financial, and technological frameworks, as part of the nation's broader digital transformation. The association's commitment to this role is expected to foster a comprehensive, sustainable, and legally sound digital assets landscape in the country, which aligns with the upcoming Law on Digital Technology Industry.
The rebranding of the Vietnam Blockchain Association to the Vietnam Blockchain and Digital Assets Association signifies the association's alignment with global trends and its dedication to fostering the development of blockchain technology, the broader digital asset market, and the blockchain ecosystem, such as the Vietnamese Multi-Chain Blockchain Service Network (VBSN). This step marks a significant milestone in the integration of blockchain and digital assets into Vietnam's national infrastructure, promoting transparency, ethical standards, and compliance across the industry, thus contributing to the nation's digital economy.
