Hanoi (VNA) - The Vietnam Tech Impact Summit 2024 (VTIS 2024) was held at the National Convention Centre in Hanoi on December 3, drawing significant attention from the technology and finance sectors. The event served as a platform for sharing knowledge, innovative ideas, and engaging in critical discussions on creating a legal framework for digital assets—a key factor in ensuring the sustainable growth of Vietnam's digital economy.
The technological boom over the past decade, especially in fields like blockchain, cryptocurrencies, tokenization, and decentralized finance (DeFi), has unlocked unprecedented development opportunities.
At VTIS 2024, experts not only highlighted these opportunities but also underscored the necessity of a transparent legal framework to protect investors and businesses while maximizing the potential of digital assets.
Providing a comprehensive overview of Vietnam’s digital asset market, Nguyen Duy Hung, Chairman of SSI Securities Corporation, pointed to Vietnam's significant advantages, such as a young, tech-savvy population and growing interest in digital assets.
He cited Forbes research ranking Vietnam second globally in ownership and interest in digital assets.
Additionally, major global exchanges regard Vietnam as one of the four most dynamic markets worldwide.
However, Hung stressed that a clear and transparent legal framework is essential for unlocking the full potential of digital assets. He warned that opportunities are being lost as foreign investors and major tech corporations increasingly choose countries with more favorable regulatory environments.
“As active participants in the technology and digital asset markets, we recognise that building a legal framework for digital assets in Vietnam is not just businesses’ need but also a crucial foundation for advancing the tech sector and the economy as a whole,” Hung said.
He urged the government to promptly issue a transparent legal framework to regulate digital asset activities, boosting investor confidence and facilitating market participation.
Hung also emphasized the importance of international cooperation, suggesting Vietnam learn from the experiences of developed nations to create an effective legal framework tailored to its unique conditions.
He expressed hope that the government would encourage innovation, establish flexible regulatory mechanisms, and foster global collaboration. According to Hung, these measures are vital for Vietnam to become a regional hub for digital assets.
Truong Gia Binh, Chairman of FPT Corporation, shared an impassioned speech on global challenges, Vietnam’s opportunities, and the transformative role of technology in the new era.
Binh noted that the world is entering an unprecedented period marked by uncertainty and disruption, yet a new global order is also taking shape.
For Vietnam, he emphasized the need to “prepare for the future,” warning that technological advancements could render 75% of current jobs obsolete by 2030. He urged organisations to enhance their resilience and readiness to ensure business continuity.
Highlighting Vietnam's growing prominence on the global technology map, Binh pointed out that companies like NVIDIA have chosen Vietnam as their "second home" and that the country now ranks second only to India in software exports. He also praised Vietnam’s pool of skilled technology engineers, which he said is the envy of many other nations.
Binh expressed optimism about Vietnam's international standing and its integration into global markets. He remarked, “Vietnam has established the highest level of diplomatic relations with all major powers and continues to expand these ties. Connected to global markets through the latest trade agreements, Vietnam remains a safe destination with limitless opportunities.”
The conference successfully facilitated the exchange of insights, innovative ideas, and key discussions on creating a legal framework for digital assets, a cornerstone for the sustainable development of Vietnam’s digital economy./.
