HCMC – The government of Danang City aims to establish blockchain technology as the backbone of the international financial center, enabling applications in payments, digital identity, and e-government services.
A delegation from the Danang People’s Committee, headed by Standing Vice Chairman Ho Ky Minh, recently met with the Vietnam Blockchain and Digital Assets Association (VBA), according to the Government news site.
The visit took place as the Steering Committee for International Financial Centers in Vietnam recently issued Decision No. 114, setting a goal to launch international financial centers in both HCMC and Danang before the end of this year.
Notably, blockchain technology and digital assets have been identified as one of the key pillars for the development of the center in Danang.
At the meeting, Phan Duc Trung, chairman of the VBA, presented the initial results of the Vietnam Blockchain Service Network (VBSN), an initiative implemented by the association in collaboration with the Techcombank ecosystem, One Mount Group, Masterise Group, and Techcom Securities.
Ho Ky Minh praised the initiative to develop the Vietnam Blockchain Service Network (VBSN) as an open ecosystem model, built through the collaboration between the VBA and 1Matrix.
He noted that this approach aligns with global technology trends and has the potential to drive new economic growth, especially in the fields of finance and digitalization.
He voiced his support for implementing the VBSN network in Danang, especially for practical applications like payments and decentralized identity.
The leader of Danang also encouraged the VBA and 1Matrix to advise and partner with the city in developing digital infrastructure for the international financial center, ensuring international-standard connectivity, scalability, and security.
On behalf of the VBA, Phan Duc Trung pledged ongoing support and outlined plans for concrete collaboration, with a focus on connecting public and private service ecosystems and applying blockchain technology to improve government management, business efficiency, and the digital experience for citizens.
