Vietnam Blockchain Association

What Vietnam Blockchain Association does

Vietnam Blockchain Association (VBA) is a non-profit industry association established in May 2022 under Decision No. 343/QD-BNV by Vietnam's Ministry of Home Affairs, making it the first officially recognized blockchain organization with formal legal entity status in the country. Headquartered in Ho Chi Minh City (Diamond Plaza) with a Hanoi representative office, VBA functions as the central coordinating body for Vietnam's blockchain community. It serves blockchain enterprises and researchers, university students and early-career professionals, government regulators (State Securities Commission, Ministry of Finance, Ministry of Home Affairs, VIAC), and the country's digital asset market, which processes approximately $200 billion in annual transaction volumes.

VBA's ecosystem spans core infrastructure and supporting programs. Core products include VBSN (Vietnam Blockchain Service Network), a multi-chain, multi-layer blockchain infrastructure designed by member 1Matrix with advisory from Boston Consulting Group, supporting up to 300,000 TPS and Blockchain-as-a-Service delivery; Basal Pay, Vietnam's first fintech sandbox-licensed crypto-to-fiat conversion application in Da Nang (FATF Travel Rule-compliant, integrating Chainalysis, Certik, Arkham Intelligence, and ChainTracer); and MasterTeck, an online learning platform operated by VBA's education subsidiary ABAII with 450+ courses across 24 fields and 120+ instructors, offering international certifications from CompTIA, EC-Council, and PECB. Supporting programs include the weekly Blockchain & AI newsletter, the ABAII Unitour university outreach reaching 30,000+ students across approximately 50 universities, the ChainTracer Web3 fraud-tracing initiative, and the Blockchain Universalization Forum.

VBA's revenue is derived from annual individual and organizational membership fees and event/training services, though specific pricing is not publicly disclosed. The go-to-market is community-led and event-driven, anchored by major summits (Vietnam RWA Summit 2026, Unchained Summit Vietnam 2026, FM Singapore Summit 2026), university programs, regulatory advisory to state agencies, and earned media coverage in outlets including VTV, CafeF, Dân Trí, and Vietnam News. The association is governed by a Chairman (Phan Đức Trung, concurrently Chairman of Decom Holdings), a Vice Chairman/General Secretary (Nguyễn Vân Hiền), a 20+ member Executive Committee drawn from leading Vietnamese enterprises (MK Group, ELCOM, AIC Technology, AlphaTrue, IMG Group, Verichains, Techcom Capital), and a Senior Advisory Council chaired by a former Deputy Minister of Science and Technology. Notable member companies include 1Matrix, AlphaTrue, Decom Holdings, MK Group, ELCOM, AIC Technology, and IMG Group.

Name

Vietnam Blockchain Association

Legal name

Hiệp hội Blockchain và Tài sản số Việt Nam

Website

https://blockchain.vn

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Vietnam Blockchain Association (VBA) is Vietnam's first officially recognized non-profit blockchain industry association, established in 2022, coordinating policy advisory, education, and ecosystem development for regulators, universities, and 100+ member enterprises.

Ownership category

akta.pro rank

Product category

Blockchain Industry Association

NAICS

Business Associations (813910)

akta.pro primary industry

Consortium Networks & Governance (network setup, onboarding, rules, node operations) (FSAPAIAB)

Keywords

• Blockchain industry association
• Digital asset education
• Blockchain research standards
• Fintech regulatory advisory
• Blockchain training programs

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Membership fees: VBA generates revenue through membership registration fees, both for individual and organizational members. Members register via forms on the association's website (Jotform-based registration portals).
2. Event and training services: Revenue is derived from organizing industry events (RWA Summit, Vietnam RWA Summit 2026, ABAII Unitour programs), training programs, and publishing blockchain newsletters (Blockchain & AI newsletter, issued weekly).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Vietnam Blockchain Association (VBA) is a non-profit industry association representing blockchain and digital asset stakeholders in Vietnam. It delivers regulatory advisory to government bodies, industry standardization, educational programs (ABAII Unitour, MasterTeck platform), and major events (Vietnam RWA Summit 2026, Unchained Summit). Members include blockchain enterprises, researchers, universities, and fintech firms coordinated through an Executive Committee and Senior Advisory Council.

Product overview

The Vietnam Blockchain Association (VBA) operates as a non-profit industry association — not a single product company — whose ecosystem spans multiple products and programs. The core technology offerings include VBSN (a multi-chain blockchain infrastructure network with BaaS capabilities), Basal Pay (a sandbox-licensed crypto-to-fiat conversion app), and MasterTeck (an online blockchain and AI learning platform developed by ABAII). Supporting offerings include the Blockchain & AI Newsletter (periodic market intelligence), the ABAII Unitour campus program, the ChainTracer fraud-tracing initiative, and the Blockchain Universalization Forum. VBA itself functions as a regulatory advisory, standards body, and industry coordination organization, with no standalone software product sold directly to end consumers.

Differentiator

Problem solved

Functional benefit

Brands

• ABAII (Vietnam Academy of Blockchain and AI Innovation): Institute of Blockchain Technology and Artificial Intelligence Innovation - educational and training programs in blockchain and AI, implementing the ABAII Unitour series reaching nearly 50 universities and 30,000+ students
• MasterTeck
• ChainTracer
• Blockchain & AI Newsletter
• Diễn Đàn Phổ Cập Blockchain

Products and services

• VBA Membership (Individual and Organizational) Annual membership program offering Vietnamese blockchain enterprises, researchers, and individuals access to the association's network, regulatory advisory channels, events, and standards work. Registration is available via online forms on blockchain.vn.
• VBSN (Vietnam Blockchain Service Network) Multi-chain, multi-layer blockchain infrastructure providing Blockchain-as-a-Service (BaaS) for government and enterprise use cases. Supports up to 300,000 TPS with a 5-layer architecture and 7 standard Layer-1 models. Integrated with VNeID for the Ministry of Public Security's origin tracing application.
• Basal Pay Blockchain-based application converting crypto assets to fiat currency for foreign tourists. Vietnam's first fintech sandbox-licensed project in Da Nang, compliant with FATF Travel Rule and integrated with Chainalysis, Certik, Arkham Intelligence, and ChainTracer.
• MasterTeck Online blockchain and AI learning platform developed by ABAII offering 450+ courses across 24 fields including fintech, DeFi, RWA tokenization, financial analysis, and marketing, taught by 120+ industry instructors with certifications from CompTIA, EC-Council, and PECB.
• Blockchain & AI Newsletter (Bản tin Blockchain và AI) Weekly newsletter published by VBA, 1Matrix, and ABAII covering blockchain and AI market developments, regulatory updates, and technology trends. Distributed to members and subscribers (Issues 93–96 documented in 2026).
• ABAII Unitour Blockchain and AI campus outreach program organized by VBA and ABAII, reaching nearly 50 universities across Vietnam with over 30,000 students engaged since 2024. Covers topics including fintech, decentralized management, cybersecurity, and digital economy careers.
• ChainTracer Program for tracing Web3 projects with suspicious indicators, operated under VBA's oversight. Has assisted law enforcement in multiple cryptocurrency fraud investigations.
• Blockchain Universalization Forum (Diễn đàn Phổ cập Blockchain) Community forum co-founded by VBA to connect blockchain practitioners, share knowledge, and promote digital technology adoption across Vietnam. Operated independently at phocapblockchain.net.

Quantifiable outcome

• 50,000+ forum members across the VBA community
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Tether Financial GroupcoreStrategic or Co-development Partner · 4 June 2026Tether Financial Group co-organized the seminar 'Trends, Opportunities and Risk Management in Digital Assets' with VBA, 1Matrix, and ABAII on June 4, 2026. Tether Vietnam's Legal and Licensing Director Khuất Bích Thủy participated as a speaker, providing insights on global stablecoin markets and Vietnam's regulatory environment.
• Vietnam International Arbitration Center (VIAC)coreStrategic or Co-development Partner · 29 May 2026VBA, VIAC, and VAFI (Vietnam Association of Financial Investors) signed a cooperation agreement on May 29, 2026 to develop dispute resolution mechanisms for fintech, blockchain, and digital assets. The agreement supports Vietnam's International Financial Center (VIFC) development by establishing specialized arbitration for cross-border financial disputes, including traditional capital markets, fintech, blockchain, and digital assets.
• Paris EuroplacecoreStrategic or Co-development Partner · 28 May 2026VBA and Paris Europlace signed an MOU on May 28, 2026 to enhance cooperation in blockchain, fintech, and digital assets. The partnership includes market intelligence exchange, policy experience sharing, expert connections, and expansion of Vietnam-EU business cooperation in innovation, RWA tokenization, and digital financial infrastructure development. Paris Europlace represents the Paris Financial Center with 600+ members including BNP Paribas, Société Générale, Crédit Agricole, AXA, Euroclear, and Euronext.
• 1Matrix Joint Stock CompanycoreTechnology or Integration · 8 May 20261Matrix is a core technology member of VBA's ecosystem, designing and operating the VBSN (Vietnam Blockchain Service Network) — a multi-chain, multi-layer blockchain infrastructure. 1Matrix's CEO Phan Đức Trung serves as Chairman of VBA. The company collaborates with VBA and BCG on VBSN development and is a co-organizer of VBA's Blockchain & AI newsletter.
• Quang Trung UniversityminorStrategic or Co-development Partner · 8 May 2026VBA and Trường Đại học Quang Trung signed an MOU on May 8, 2026 to promote academic research on blockchain, digital assets, and fintech; develop specialized courses; and strengthen university-industry connections. The agreement was signed during ABAII Unitour #44.
• Hanoi University of Business and Technology (HUBT)minorStrategic or Co-development Partner · 8 May 2026VBA, through ABAII, partnered with HUBT to host ABAII Unitour #43 on 'Blockchain and Decentralized Management in the Digital Era' on May 8, 2026, reaching hundreds of students and faculty members.
• Cryptology Academy (Học viện Kỹ thuật Mật mã)minorStrategic or Co-development Partner · 1 April 2026VBA collaborated with the Cryptology Academy under the Government Cryptography Agency (Ban Cơ yếu Chính phủ) to host ABAII Unitour #42 on 'Blockchain and Cryptography for Cybersecurity' on April 22, 2026, reaching 300+ students at the academy.
• Da Nang Government (via Da Nang Innovation Startup Support Center)coreStrategic or Co-development Partner · 11 March 2026VBA signed an MoU with the Da Nang government to co-host Unchained Summit Vietnam 2026 (May 28-29, Da Nang, Furama Resort), with direct engagement from the Vice Chairman of the Da Nang People's Committee. The summit aims to position Da Nang as a Southeast Asian Web3 and blockchain innovation hub, expecting 1,000+ attendees and 50+ speakers.
• ABAII (Vietnam Academy of Blockchain and AI Innovation)coreStrategic or Co-development Partner · 23 September 2025ABAII is VBA's primary education and research subsidiary, jointly developing the ABAII Unitour university outreach program, the MasterTeck e-learning platform, and the weekly Blockchain & AI newsletter. ABAII also collaborates with the Securities Commission on specialized blockchain training for the securities industry.
• KuCoincoreStrategic or Co-development Partner · 3 September 2025KuCoin, a global cryptocurrency exchange, signed a strategic MOU with VBA and 1Matrix to develop blockchain infrastructure and digital assets in Vietnam. The partnership introduces pilot trading platforms, digital payment solutions, electronic identity systems, and international-standard risk management tools, directly supporting Vietnam's National Blockchain Strategy (2025–2030). KuCoin Labs and KuCoin Ventures commit to investing in early-stage projects with technology transfer, digital asset education, and startup ecosystem development.
• GeeLarkminorGTM or Marketing Partner · 4 April 2025GeeLark, a Singapore-based technology company, was officially announced as an Associate Member of VBA on April 4, 2025, expanding VBA's international partner network.
• Ho Chi Minh City University of LawminorStrategic or Co-development Partner · 18 September 2024VBA signed a cooperation agreement with the Ho Chi Minh City University of Law on June 18, 2024 to promote AI and blockchain applications in the legal sector. The partnership includes joint seminars, scholarships, and curriculum development for legal professionals.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Regional players

• Vietnam Software & IT Services Association (VINASA): Vietnam's national software and IT industry association, the awarding body behind the Sao Khue Award that VBA's ecosystem products won in 2026. Comparable as a Vietnamese national industry association with government ties and member-service programs, operating in a broader ICT vertical rather than blockchain specifically.

Broad incumbents

• Enterprise Ethereum Alliance: A global standards and consortium body for enterprise blockchain, focused on interoperability, governance frameworks, and member-driven technology development. Comparable to VBA in its consortium-network governance function over an open blockchain ecosystem.
• Crypto Council for Innovation: A global alliance of crypto and blockchain industry participants focused on policy advocacy and education across multiple jurisdictions. Comparable to VBA as an industry-coordination and policy-influence organization, though operating globally rather than as a single national entity.
• R3: A consortium-governed enterprise blockchain company whose Corda platform is developed and governed by a global consortium of financial institutions. Comparable to VBA's VBSN and consortium-style governance over multi-chain blockchain infrastructure.
• Hyperledger Foundation: A Linux Foundation-hosted open-source blockchain consortium developing enterprise-grade distributed ledger frameworks with member-driven governance. Comparable to VBA's role in stewarding the VBSN network as a multi-stakeholder blockchain infrastructure initiative.
• Digital Currency Group (DCG): A diversified digital-asset holding company with interests in exchanges, media, and venture capital across the global crypto ecosystem. Comparable as an ecosystem-building organization in digital assets, though operating as a private commercial entity rather than a non-profit association.
• Web3 Foundation: A Swiss foundation that funds research, development, and ecosystem growth for decentralized web technologies. Comparable to VBA in stewarding a blockchain ecosystem through grant-making and standards work, though at a global rather than national scale.

Direct peers

• Korea Blockchain Association: A formally recognized industry association representing blockchain companies in South Korea, with government advisory functions and self-regulatory standards. Comparable as an APAC-based national blockchain association with similar policy and industry-development mandates.
• Japan Blockchain Association: A Japanese industry body for blockchain and crypto-asset companies focused on self-regulation, government dialogue, and standards development. Directly comparable as a national industry association with formal member-driven governance.
• Blockchain Association (US): The leading US blockchain industry association advocating for policy and regulatory clarity, with member companies and government engagement programs analogous to VBA's role in Vietnam. Directly comparable as a national-level blockchain industry body that bridges private-sector members and government regulators.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/VietnamVBA
• YouTubeyoutube.com/@VBAvietnam
• Facebookfb.com/VietnamBlockchainAssociation
• LinkedInlinkedin.com/company/vietnam-blockchain-association

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vietnam Blockchain Association