TLDR
- Vietnam’s central bank projects 20% credit growth in 2025 to support economic growth and crypto adoption.
- The government legalized crypto courses in June and classified them as virtual and crypto assets.
- Vietnam’s government has limited restrictions on issuing Fiat-backed Stablecoin and securities according to its new crypto regulations.
- The country launched Ndachain, a national blockchain database, to improve data security and protect personal information.
- Pham Thanh Ha, the Central Bank’s vice governor emphasized the need for lower interest rates to reduce financial uncertainties.
Vietnam’s central bank expects credit growth of 20% in 2025. This feature can increase liquidity in the global crypto markets. It comes in the middle of an increase in crypto adoption throughout the region. Deputy Governor, Pham Thanh Ha, emphasized that lowering interest rates will help drive economic growth and relieve uncertainty caused by USA. These measures aim to support Vietnam’s financial stability and new crypto market.
Vietnam’s crypto regulation drives for digital growth
In June, Vietnam’s government legalized crypto courses. This Regulation categorizes cryptocoirs as virtual assetsIncluding crypto assets such as bitcoin and ether. However, the issuance of Fiat-supported Stablecoins and securities banned. The government is implementing a five -year pilot program to regulate digital assets.
Pham Thanh has pointed out that lower interest rates would encourage more investments. This would adapt to the ongoing driving force for crypto adoption. Despite some restrictions, the government is keen to adopt new technology. Crypto regulation In Vietnam, Vietnam aims to create a safe environment for the digital economy to thrive.
Ndachain blockchain strengthens Vietnam’s digital economy
In July, Vietnam launched a national blockchain database. The system, known as Ndachain, aims to improve the security of digital transactions. Blockchain is designed to store sensitive personal data over a decentralized platform. It uses a hybrid system with decentralized and allowed technology, which ensures data security.
The NDACAIN network comprises 49 nodes, handled through public-private partnerships. It supports the country’s efforts to improve integrity and security. Nguyen Huy, technology manager at the Vietnam National Data Association, explained that the platform would protect users from cyberattacks. Vietnam is making significant progress in the blockchain sector and aims to integrate more with the global digital economy.
Vietnams adoption of crypto And blockchain initiatives signal growing importance in Southeast Asia market. The central bank’s strategy for economic growth complements the country’s efforts to drive technical progress.
