Overview

• The State Bank of Vietnam projects credit expansion of 20% in 2025 to bolster economic development and digital investment.
• Deputy Governor Pham Thanh Ha urged further interest‑rate reductions to stimulate investment and offset uncertainty tied to U.S. tariffs.
• Vietnam’s June 2025 framework recognizes cryptocurrencies as virtual assets under a five‑year sandbox and bars issuance of fiat‑backed stablecoins and certain securities.
• The NDAChain national blockchain is operating with 49 nodes in a hybrid architecture managed through public‑private partnerships to enhance personal data security.
• Reporting links the credit push and potential rate cuts to increased liquidity that could flow into domestic and global crypto markets as adoption grows.