In the context of the Government piloting the crypto asset market in the 2025-2030 period, the Vietnam Digital Asset Alliance (DAVN) was born as a strategic bridge to shape new standards for the digital economy. DAVN brings together management agencies, industry associations, financial technology enterprises, training and research institutions and expert communities, aiming for a transparent, safe, connected, innovative and sustainable digital asset ecosystem.
Why is DAVN important now?
The emergence of DAVN helps to narrow the gap between policy and operational practice. Through a multi-dimensional cooperation mechanism, DAVN promotes dialogue between the State – Enterprises – Investors – Community; standardizes technical standards and operating principles; and encourages safe pilot models, thereby creating a foundation for a transparent and scalable market.
The legal framework taking shape: two key pieces
The year 2025 marks an important turning point in the legal framework for digital assets in Vietnam with two fundamental documents:
- Resolution 05/2025/NQ-CP of the Government: Allows the pilot implementation of the crypto-asset market for a period of 5 years, establishes principles of governance, supervision and inter-sectoral coordination to ensure safety, transparency and compliance with international practices. The document takes effect from September 9, 2025.
- Resolution 222/2025/QH15 of the National Assembly: Establishing a specific policy and mechanism framework for International financial center in Vietnam, creating a favorable environment to attract capital, technology, high-quality human resources; developing securities, insurance, banking, fintech and digital assets, effective from September 1, 2025.
This pair of resolutions creates a “dual runway”: one side pilots a regulated crypto-asset market, the other opens a superior mechanism for an international financial-technological infrastructure. Thanks to that, issuance, trading, custody, identification, anti-money laundering and investor protection activities have a basis for standardization and gradual connection with regional and global markets.
The role of HVA Group in DAVN
Joining DAVN, HVA Group accompanies in three pillars:
- Connecting the ecosystem: HVA uses a network of domestic and foreign strategic partners to connect market elements - trading platforms, payment solutions, system security, identification, custody, helping to shorten testing time and increase interoperability.
- Governance and compliance: Coordinate the development of data standardization, reporting and risk control processes based on the principle of transparency; support the shaping of user protection mechanisms within the pilot framework and in accordance with the standards of the international financial center according to Resolution 222.
- Knowledge transfer: Accompanying training, applied research; spreading good practices so that products meet international standards but are optimized for users in Vietnam.
Towards a transparent and sustainable market
DAVN aims to position Vietnam as a hub for digital asset trading and innovation in the region. HVA Group is committed to contributing its resources, operational experience and technology platform to DAVN to:
- Engage stakeholders in a clear, accountable collaboration process.
- Standardize technical, operational and reporting criteria to help the market operate safely and easily monitor.
- Encourage innovation with user protection mechanisms, building long-term trust.
Conclusion
HVA Group’s participation in DAVN is not only a strategic move for the company, but also a commitment to accompany the ecosystem in the journey to create a transparent, safe and globally connected digital asset market. With the spirit of cooperation and responsibility, HVA and DAVN will contribute to realizing the vision of making Vietnam a leading destination for digital asset innovation in the next decade.
