Binding Local Enterprises: The Key to Vietnam’s Digital Assets Attracting Foreign Capital
Vietnam crypto exchange-Legitimizing the digital asset market is merely the first step; the true challenge lies in channeling international capital into the real economy. Simply building trading platforms and listing mainstream cryptocurrencies like Bitcoin fails to build a distinct local advantage. To break free from homogenous competition with international exchanges, Vietnam must directly link digital assets to the real value of domestic enterprises—paving the way for targeted capital inflows into its economy.
Vietnam can attract international capital when the digital asset market is legalized. But having just a legal framework and trading platform is not enough.
According to Mr. Trần Xuân Tiến, Secretary General of the Ho Chi Minh City Blockchain Association, the key is for Vietnam to create digital assets directly linked to domestic businesses.
If domestic platforms mainly allow trading of Bitcoin, Ethereum, or globally popular assets, foreign investors don’t necessarily have to bring money into Vietnam. They can still buy and sell on international platforms.
The situation would be different if Vietnamese businesses were allowed to issue digital assets and list them on the domestic market.
In that case, international investors could buy assets tied to Vietnamese businesses, helping capital flow directly into the domestic economy.