The State Bank of Vietnam projects 20% credit growth in 2025 to boost economic growth and counter US tariffs. Vietnam legalized cryptocurrencies, categorizing them as virtual assets or crypto assets like Bitcoin and Ether. The country’s 5-year sandbox pilot program prohibits issuing onchain fiat-backed assets. Vietnam ranks fourth in Chainalysis’ 2025 Global Crypto Adoption Index.

Asia-Pacific leads in crypto adoption, with nine of the top 20 countries on Chainalysis’ Global Crypto Adoption Index in the region. The APAC region saw 69% year-over-year growth in crypto value received, reaching over $2.3 trillion in 2025. Vietnam, India, and Pakistan drove adoption in the region.

Vietnam deployed a national blockchain database called NDAChain in July to secure sensitive personal data against cyberattacks. The system, with 49 nodes, blends decentralized and permissioned systems to enhance security. NDAChain aims to accelerate Vietnam’s digital data infrastructure and interact with the digital economy.

Read more at Cointelegraph: Vietnam Central Bank Expects Credit Growth. Crypto to Benefit?