At the beginning of 2025, many important news and events related to the development of the blockchain industry in Vietnam have taken place. This forecasts a field that, although no longer new, will be more vibrant in the country in the time to come. Especially when AI and Blockchain are gradually influencing and penetrating deeper into the lives of people around the world.
Here are the highlights from BeInCrypto about these news and events.
#1. Tether and Medoo collaborate to launch a Blockchain Academy in Vietnam
In early January, Tether Operations Limited, the company that issues the largest stablecoin in the crypto industry, and Medoo, a decentralized education ecosystem in Vietnam, announced a strategic partnership to launch the Blockchain Academy.
This collaboration aims to integrate advanced courses and materials from Tether and Edumall, an online learning platform for professionals in Vietnam. The courses will cover from basic knowledge of blockchain technology to advanced applications in various industries, with the goal of reaching thousands of students within the first six months of implementation.
One of the flagship programs of this platform is the Digital Asset Bootcamp, an in-depth training program piloted with at least one major university in Vietnam, providing deep insights into blockchain applications.
"The strategic partnership between Tether and Medoo marks an important milestone in shaping the future of blockchain education in Vietnam and neighboring markets...This collaboration not only makes it easier for the community to access blockchain knowledge but also plays a crucial role in driving the sustainable development of the blockchain industry in Vietnam." - Mr. Hoang Nguyen, CEO of Medoo, shared.
#2. SSI establishes SSI Digital Ventures fund for Blockchain and AI in Vietnam
Also in the first month of the year, SSI Fund Management Company (SSIAM) - a member of SSI Securities Corporation - announced the establishment of SSI Digital Ventures with a scale of up to $200 million, and potentially reaching $500 million in the future as the company continues to collaborate with more partners. The fund's financing target is startup projects in the Blockchain and AI fields, with a focus on projects in Vietnam.
"In 2025, SSI Digital Ventures will invest in about 10 projects in the Vietnamese market in the Blockchain and AI fields with a minimum disbursement of $10 million." - Mr. Mai Huy Tuan, CEO of SSI Digital, said.
In addition, SSI Digital Ventures said it has signed cooperation agreements with well-known companies in the crypto market such as Tether and Kucoin. Furthermore, SSI Digital Ventures also announced the launch of the Digital Technology and Blockchain Complex Project on an area of 1.7 hectares in the Hoa Lac High-Tech Park, Hanoi. The project is oriented to become Vietnam's pioneering R&D center.
#3. Vietnam will build a Sandbox for virtual currency transactions in 2025
Positive signs for the blockchain industry in Vietnam are not only limited to the activities of funds and enterprises, but there are also more decisive moves from the government.
In January, the Ho Chi Minh City Institute for Development Studies and the Ho Chi Minh City Finance and Investment State-owned Company (HFIC) organized an expert consultation workshop on the controlled experimental mechanism (sandbox) for business models applying technology in the financial sector (Fintech) towards the development of the International Financial Center (IFC) in Ho Chi Minh City.
Dr. Truong Minh Huy Vu, Director of the Ho Chi Minh City Institute for Development Studies, said that the experiment, including a trading platform with crypto assets (digital assets, cryptocurrencies), will be implemented from July 1, 2026.
"The sandbox framework should go in the direction of encouraging fintechs to become the 'extended arm' of financial institutions. The reason is to help control the flow of money because they have a better risk management system, while fintechs are innovative but 'risky'." - Mr. James Vuong, who previously failed to start a real estate tokenization business said.
#4. Vietnam builds a national Blockchain Layer 1
At the 6th National Forum on Developing Vietnam's Digital Technology Enterprises in January, General Secretary To Lam officially assigned the task to One Mount Group, a member of the Vietnam Blockchain Association (VBA), to build the "Make in Vietnam" Blockchain Layer 1 network.
This can be seen as a significant event, marking a major step forward for the blockchain industry in Vietnam. As BeInCrypto reported, One Mount Group has committed to investing $200-500 million to develop the Blockchain Layer 1 network.
"We are proud to receive this important task from General Secretary To Lam. The Blockchain Layer 1 platform we are developing will not only serve regulatory agencies and businesses but also bring practical benefits to the Vietnamese people, taking the country further in the global digital era." - Ms. Nguyen Thi Diu, CEO of One Mount Group, shared.
One Mount Group was previously a member company of Vingroup, behind VinID and VinShop, which are well-known to many Vietnamese. The company was established at the end of 2019 with an initial charter capital of over 3,000 billion VND, in which Vingroup holds 51.22% of the capital. By July 2021, One Mount's capital was increased to 5,412 billion VND.
Today, in the eyes of Vietnamese investors, One Mount Group is a technology conglomerate backed by Vingroup, Techcombank, and Masan Group. Therefore, its financial and human resources are extremely large, providing a solid foundation to expect what this company can do for Vietnam's digital economy in the future.
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