Launching the Global On-Chain Economy Alliance at the Vietnam International Financial Center

On November 25, 2025, a milestone event took place in Ho Chi Minh City: the official launch of the Global On-Chain Economy Alliance (GOE Alliance) at the Vietnam International Financial Centre (VIFC) in Ho Chi Minh City. The announcement was made during the 2025 Autumn Economic Forum, with the attendance of Prime Minister Pham Minh Chinh and City Party Secretary of HCMC Tran Luu Quang, Ho Chi Minh City People's Committee Nguyen Van Duoc, signaling strong national commitment to Vietnam’s next chapter of digital economic development.

This launch marks the first time Vietnam has convened a coordinated, public-private consortium dedicated to shaping the future of the on-chain economy—not only for Vietnam, but for the broader region and the world.

Launch of the Global On-chain Economy Alliance within the 2025 Autumn Economic Forum.

On-Chain: The Next Foundation of Global Digital Finance

The concept of an on-chain economy has rapidly moved from theory into real-world implementation. Instead of digital systems operating in isolated databases, the on-chain model places transactions, ownership, and financial interactions directly on blockchain networks.

This structure enables three fundamental advantages:

• Transparency: All transactions are publicly verifiable in real time.

• Security: Data cannot be modified or tampered with once recorded.

• Automation: Smart contracts allow financial activities to run with minimal friction and maximum efficiency.

These features are driving a wave of new digital financial products—from tokenized assets to on-chain credit markets—now being adopted globally. By launching the Alliance, Vietnam positions itself to participate actively in this transformation.

A Strategic Vision Backed by National Policy

The establishment of the Alliance is not a standalone effort. It is the result of years of national preparation:

• Vietnam’s 2024 National Blockchain Development Strategy

• Resolution 05/2025/NQ-CP released on 09/09/2025 on pilot implementation of the crypto asset market in Vietnam.

• Resolution 222/2025/QH15 on International financial center in Vietnam with special sandbox about digital assets.

Together, these developments form a policy foundation that empowers Vietnam to experiment with, adopt, and scale cutting-edge financial technologies. The creation of the Alliance demonstrates the government’s intent to move quickly and decisively in digital transformation.

An Alliance Designed to Build the Future of Digital Economic Infrastructure

The mission of the Global On-Chain Economy Alliance is clear: to build the digital infrastructure, standards, and ecosystems that will anchor a modern, open, trustworthy on-chain economy.

The Alliance will focus on several core mandates:

• Policy Impact: Develop comprehensive policy and regulatory frameworks for digital asset models, contributing directly to the Vietnam International Financial Centre.

• Use Case Enabler: Accelerate the creation of real-world use cases with the goal of attracting foreign capital and delivering internationally competitive products and infrastructure.

• Compliant Technology Infrastructure: Build a ready-to-deploy, regulation-aligned technology infrastructure capable of serving the wider region.

• Global Network: Connect and expand a global network of strategic partners.

• Education Impact: Develop high-quality human capital and implement initiatives that advance the mission and influence of the Alliance.

In essence, the Alliance will function as an open digital laboratory—where ideas can be tested rapidly, safely, and with global collaboration.

Founding Members: A Coalition of Leaders

The Alliance brings together an exceptional group of founding members representing both global and domestic leadership in finance, technology, and blockchain innovation:

• Viettel Digital Services – the leading digital infrastructure enterprise in Vietnam and 7 other countries

• Dragon Capital –Vietnam’s leading investment institution

• Tether –the world’s No.1 stablecoin issuer

• Ava Labs – the world-leading high-performance blockchain

• Sky Mavis –the global leader in blockchain gaming

• Republic – the leading digital asset advisory firm in the U.S.

• Onchain Academy – the region’s leading on-chain economy knowledge hub

Their combined expertise will help build a complete, interoperable digital asset ecosystem rooted in Ho Chi Minh City.

Vietnam’s Unique Advantage: A Young, Digital-Native Nation

Vietnam stands at a rare point in history. With one of the fastest-growing internet economies in Southeast Asia, a strong pool of engineering talent, and a highly adaptable young population, Vietnam is uniquely positioned to become a regional center for blockchain innovation.

The launch of the Alliance amplifies this advantage by:

• Attracting global capital

• Accelerating digital infrastructure development

• Creating opportunities for startups, developers, and investors

This positions Ho Chi Minh City not just as a national financial center—but as a gateway for the world’s on-chain capital into our region.

GOE Alliance with Chairman of Ho Chi Minh City People's Committee Nguyễn Văn Được

A Turning Point for the Region

With the Global On-Chain Economy Alliance now established within the Vietnam International Financial Centre, a new roadmap is beginning to take shape. The Alliance will act as a catalyst—mobilizing expertise, investment, industry standards, and public-private collaboration.

For Vietnam, this is more than a technological upgrade. It is a strategic move to define its role in the global digital economy, elevate financial competitiveness, and unlock new engines of growth.

For the region, it represents an open invitation to co-create a future where digital finance is transparent, borderless, and accessible.