Kyber Network joins GOE Alliance to help unlock Vietnam’s on-chain era and address the structural bottlenecks restricting foreign capital flows.

Vietnam is entering a pivotal phase as an emerging market—marked by strong growth and the urgent search for new engines to sustain that momentum. The government has signaled a strategic shift toward a “double-digit growth” target, aiming for at least 10% GDP growth by 2026.

According to the General Statistics Office, Vietnam’s GDP in 2025 is estimated at approximately USD 514 billion, up 8.02%. While this represents robust expansion, it also creates structural pressure: sustaining high growth requires expanding new “capital rails” for the next phase of development. In this context, the Ho Chi Minh City International Financial Center (VIFC-HCMC) is set to officially launch on February 11 at the VIFC building, 8 Nguyen Hue Street, with the presence of government leaders, ministries, and the business community. This event marks an important institutional milestone in Vietnam’s ambition to upgrade its position in the regional financial value chain.

From the perspective of capital demand, Ho Chi Minh City naturally stands at the center. Its 2025 GRDP is estimated at nearly USD 115 billion, accounting for roughly 23.5% of national GDP. Meanwhile, remittances to HCMC are projected at USD 10.34 billion in 2025—a stable and sizable cross-border flow that is large enough to serve as a foundational use case for next-generation financial infrastructure models.

The Structural Context: Growth Needs New Capital Rails, but Markets Need Deep Liquidity

VIFC-HCMC opens up a new expectation: Vietnam will not only receive capital through traditional channels, but gradually design market infrastructure capable of attracting international capital more efficiently. Yet for an emerging market in acceleration mode, the challenge often lies in friction. Traditional capital channels involve multiple intermediaries, high costs, settlement delays, and geographic constraints—while global capital increasingly demands real-time execution and seamless mobility.

This is where the concept of an Emerging On-chain Market (EOM) becomes relevant as an infrastructure-level solution. By moving part of market activity on-chain, transparency increases, data becomes measurable in real time, and latency is reduced. However, an EOM can only truly convince investors—especially foreign capital—if it resolves a critical bottleneck: sufficiently deep liquidity, intelligent routing, and efficient order matching and price discovery.

Without strong liquidity, on-chain markets risk fragmentation, uncompetitive pricing, and heightened volatility—making them less attractive as destinations for new capital flows.

Kyber Network: A Strong Fit for the Liquidity Equation of EOM

Within this broader landscape, Kyber Network stands out for its role as liquidity infrastructure. According to official materials, Kyber’s liquidity solutions have facilitated over USD 100 billion in trading volume for more than 2.6 million users, connecting 420+ liquidity sources across 17 blockchains. These metrics reflect breadth of integration, routing sophistication, and experience operating at meaningful market scale.

Independent data from DefiLlama reports total trading volume across Kyber’s liquidity routing infrastructure at approximately USD 127 billion, with around USD 11.29 billion in 30-day volume (subject to fluctuation). These figures demonstrate the ability to handle sustained, large-scale transaction flows—not merely a proof-of-concept.

In the context of Vietnam and VIFC-HCMC, this capability aligns directly with market needs. If Vietnam intends to build an EOM designed to attract foreign capital, it requires partners capable of generating liquidity, optimizing routing, minimizing slippage, and enhancing price efficiency—in other words, ensuring that the market operates smoothly as a genuine financial infrastructure.

Kyber Network’s “Solution”: From Operational Capability to a Trust Signal for Foreign Capital

Kyber Network’s value proposition is not about “bringing DeFi to Vietnam” as a slogan. Its real contribution lies in adding a decisive component to the ecosystem forming around VIFC-HCMC: a liquidity engine where capital can enter, be deployed efficiently, be priced accurately, and exit when necessary.

Metrics such as 2.6 million users, 420 liquidity sources, 17 networks, and USD 127 billion in cumulative aggregator trading volume serve as operational proof points. They signal credibility, resilience, and capacity—making the EOM/VIFC vision less abstract and more investable in the eyes of international capital.

Kyber Network Joins GOE Alliance: Turning Collaboration into Execution

Technical strength alone, however, does not automatically translate into sustainable capital inflows. The remaining challenge lies in legitimacy, coordination, and implementation—developing standards, structured collaboration programs, and aligning market infrastructure with the development goals of a new financial center.

In this context, Kyber Network’s participation in the GOE Alliance represents a strategic move. It integrates Kyber’s global liquidity capabilities into a collaborative framework aimed at building the on-chain economy at both market and institutional levels. The narrative shifts from product-level innovation to coordinated deployment, standards dialogue, and operational models aligned with the long-term ambitions of VIFC-HCMC.

In the on-chain era, unlocking foreign capital is not merely about ambition—it is about building the right rails, supported by deep liquidity and credible execution.

Looking ahead, GOE Alliance will continue to welcome institutions, technology builders, and market participants who share the vision of building a resilient, interoperable global on-chain economy. Together, we aim to unlock not only Vietnam’s on-chain era, but a broader network of connected Emerging On-Chain Markets worldwide.