According to CaFeF, on August 28, 2025, within the framework of Da Nang Finance and Technology Week 2025 (DFTW 2025), the People's Committee of Da Nang City officially signed a Memorandum of Mnemonics (MoU) with Tether Operations - the world's leading corporation in the field of digital assets. This agreement opens up great opportunities for the application of blockchain technology and peer-to-peer solutions in smart urban governance, digital infrastructure and innovation.
This event marks a strategic step for Da Nang to become one of the pioneering localities in digital transformation in Vietnam, in line with the National Blockchain Development Strategy to 2025 and the following years. With this orientation, Da Nang not only focuses on building a smart city but also aims to become a regional technology and financial center.
At the signing ceremony, Mr. Nguyen Van Quang, Secretary of the Da Nang City Party Committee, emphasized that the city is striving to create an attractive and transparent investment environment. He affirmed: “In the spirit of strong innovation to make a breakthrough, Da Nang City will be an ideal and reliable destination for domestic and foreign organizations, enterprises and corporations to come and study investment opportunities and business cooperation.”
In a global context, this collaboration also reflects the trend of major cities leveraging blockchain to manage data, enhance transparency and security. From managing financial transactions, optimizing public services to developing sustainable urban models, this technology is becoming the “key” to the digital age.
Notably, as US President Donald Trump – who will return to the White House at the end of 2024 – is promoting digital financial policies and encouraging technology corporations to expand international cooperation, Da Nang’s pioneering role in this trend further demonstrates its strategic vision. Previously, some major cities in the world such as Dubai, Singapore or Seoul have taken advantage of blockchain to build smart urban ecosystems, and Da Nang is gradually joining the group of “pioneering cities” in this field.
