The Global On-Chain Economy Alliance was officially launched in Ho Chi Minh City on November 25, with the goal of piloting next-generation digital finance models, accelerating innovation, and attracting international capital.
The launch ceremony, held as part of the 2025 Autumn Economic Forum, took place in the presence of Prime Minister Pham Minh Chinh.
The term “on-chain” refers to transactions recorded and verified directly on the blockchain, ensuring transparency, security, and immutability. This technology underpins a wide range of digital finance applications, including cross-border payments, smart contracts, asset tokenization, and data storage.
The alliance was established with a mission to develop digital economic infrastructure, support the creation of new business models, and expand a comprehensive financial ecosystem. It will operate as a multi-stakeholder collaborative platform involving technology companies, investment funds, financial institutions, and international organizations.
Its core objectives include promoting digital commerce, fostering innovation, and building a robust financial network that serves both businesses and individual users in Vietnam.
Implemented under the Ho Chi Minh City International Financial Center, the initiative also aims to position the city as a leading regional hub for digital finance and digital assets, while acting as a key gateway for international capital flows.
Google translate