Da Nang signs strategic cooperation with Tether and major corporations, promoting blockchain, Bitcoin, and digital assets in governance and digital infrastructure.
Da Nang partners with Tether & major corporations to build a Global Digital Financial Hub
According to CafeF, on August 28, 2025, within the framework of the Da Nang Finance and Technology Week (DFTW 2025), the People’s Committee of Da Nang City signed a Memorandum of Understanding (MoU) with Tether Operations – a global leader in the digital assets sector.
This agreement aims to apply blockchain technology and peer-to-peer solutions to enhance digital infrastructure, smart urban governance, and contribute to building an International Financial Center in Da Nang.
Why This Matters?
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Da Nang becomes a pioneering locality in the National Blockchain Development Strategy toward 2025 and beyond, as guided by the Government.
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Cooperation with Tether allows the city to access global experience, technology, and blockchain/Bitcoin/digital asset sandbox frameworks.
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The MoU includes developing public management infrastructure on blockchain, expanding access to capital – credit – digital payments for businesses and citizens.
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Joint training programs in blockchain, artificial intelligence, and digital finance contribute to strengthening innovation capacity.
Background and related events
Also on August 28, at the Vietnam Annual Finance Forum 2025, Bao Dau Tu reported that Da Nang signed and exchanged MoUs with many domestic and international partners to promote activities, programs, and specific cooperation projects for developing Vietnam’s International Financial Center in Da Nang.
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Vietcombank: Promote investment and business environment for the Vietnam International Financial Center in Da Nang.
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SSI Securities Corporation: Develop and improve policies on digital assets and blockchain, attract investment funds and technology companies to register as members of the Vietnam International Financial Center in the city.
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Apex Group UP: Connect the Vietnam International Financial Center in Da Nang with global capital markets, and organize annual events for funds and asset managers.
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ARK Global Corp Fund: Compile a digital asset investment handbook and guide foreign enterprises when entering Vietnam.
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Vietnam Payment Solutions JSC (VNPAY): Provides digital payment solutions for organizations, business households, and individuals in Da Nang.
At the same time, coordinate and support communication, promotion, training, and user guidance for the Digital Payment Solutions in Da Nang.
Expert opinions
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Nguyen Van Quang, Secretary of Da Nang Party Committee: “The city will be a reliable destination for domestic and foreign organizations and businesses to explore investment and technology innovation opportunities.”
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Nguyen Van Hien, Vice President and Secretary General of the Vietnam Blockchain and Digital Assets Association (VBA): “The cooperation between Da Nang and Tether not only brings technological solutions but also introduces an advanced sandbox framework for the city to break through in international integration.”
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Paolo Ardoino, CEO of Tether: “Da Nang demonstrates a clear vision in becoming an international financial center. Tether is committed to accompanying and sharing global experience to build a transparent, efficient, and sustainable digital ecosystem.”
Conclusion
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Da Nang is oriented to become an international financial hub, attracting global capital and technology flows.
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The city is laying the foundational bricks to become Vietnam’s international financial center.
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Cooperation with Tether and major institutions will help Da Nang lead in blockchain, Bitcoin, and digital asset adoption.
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The signing event is considered an important step in Da Nang’s development strategy, contributing to attracting international technology investment.
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Affirming the city’s pioneering role in applying blockchain and digital assets in Vietnam.
Coin68 Team
