Vietnam officially launched the Vietnam Digital Assets Alliance (DAVN) in Ho Chi Minh City, marking a significant milestone in the country’s efforts to organize and develop its emerging digital asset market [1].
According to the organizers, DAVN aims to accompany the Government and business community in implementing Resolution No. 5/2025/NQ-CP, which pilots a legal framework for the tokenized asset market [2]. The alliance operates on a voluntary basis, in compliance with Vietnamese law and internal regulations. Its members include government agencies, banks, securities firms, investment funds, tech companies, research institutes, and educational organizations [3].
The alliance’s core mission is encapsulated in the motto: “Creating value for Vietnam’s sustainable development in the digital era”, emphasizing principles of connection, innovation, safety, and transparency [1].
DAVN’s key objectives include contributing to the creation of legal and technical standards for Vietnam’s digital asset market, promoting education and public awareness, and encouraging blockchain applications across various industries. It also seeks to protect the rights and interests of its members and end users through legal consultation and dispute resolution [1][2][3].
DAVN Chairman Nguyen Dinh Thang stated that digital assets are an inevitable trend and a bridge to an inclusive and sustainable digital economy.
“DAVN will work closely with the Government in piloting tokenized asset markets under Resolution 5/2025, helping to build a standardized and transparent digital asset ecosystem,” he said [1].
The establishment of DAVN comes as Vietnam officially begins piloting its tokenized asset market under Resolution 5/2025 [2]. According to recent statistics, around 17 million Vietnamese have participated in cryptocurrency trading, with an estimated annual transaction value exceeding USD 100 billion, most of which occur on foreign platforms [4].
Experts believe the formation of DAVN is a crucial step in bringing digital asset activities into a clear legal framework, mitigating risks, protecting users, and attracting investment into the domestic market [4]. Transparent governance standards and investor protection mechanisms are expected to help Vietnam become a trustworthy destination on the global digital finance map [2].
DAVN is scheduled to hold its first General Assembly in early 2026 to elect its leadership and adopt an action plan [1]. The alliance’s launch signifies Vietnam’s transition from a fragmented, unregulated environment to a more coordinated, transparent, and strategically driven approach to digital asset governance.
References:
[2] Sở hữu trí tuệ và Sáng tạo
[3] HTV
[4] Nhà Quản lý
