“On-chain” refers to transactions that are recorded and verified directly on the blockchain, ensuring transparency, security, and immutability. This forms the foundation for many digital financial applications, from money transfers and smart contract operations to data storage.
Effective from September 1, Resolution 222/2025/QH15 provides the legal framework for establishing an IFC in Vietnam. It also places pressing demands on the selected localities to act with substance, speed and efficiency.
Beyond trade and investment promotion, Kazakhstan and Vietnam should focus on enhancing financial cooperation, particularly between HCM City and the Astana International Financial Centre (AIFC), Kazakhstani Ambassador Kanat Tumysh suggested.
The central city of Da Nang has intensified efforts to cultivate a skilled workforce to underpin its ambition of establishing a Vietnam International Financial Centre.