Vietnam expects to explore RoK’s expertise in digital asset management: PM
Prime Minister Pham Minh Chinh called on Korean conglomerates to share expertise and expand cooperation in Vietnam’s digital and cryptocurrency sectors during a meeting their leaders in Hanoi on July 29.
PM Pham Minh Chinh (centre) and Korean guests at the meeting (Photo: VNA)
Hanoi (VNA) - Prime Minister P𒁏ham Minh Chinh called on Korean conglomerates to share expertise and expand cooperation in Vietnam’s digital and cryptocurrency sectors during a meeting with their leaders in Hanಌoi on July 29.
The PM met with Kim Hyoung-nyon, Executive Vice President of Dunamu – the Republic of Korea (RoK)’s largest centralised crypto asset exchange operator and the world’s third-largest, and Lee Eunhung, Vice Chairman of Hana Financial Group, a long-standing strategic partner of Vietnam’s Military Commercial Joint Stock Bank (MB).
Dunamu now commands an 80% share of the RoK’s crypto trading market, with over 6 million users, a 2024 trading volume exceeding 1.1 trillion USD, and digital asset holdings surpassing 80 billion USD. Hana Financial Group, meanwhile, is known for its robust financial capacity and global fintech expertise.
Kim outlined Dunamu’s international experience in crypto asset management and expressed strong interest in investing in Vietnam’s crypto sector while fostering partnerships with local entities, particularly MB.
Both Dunamu and Hana executives hailed Vietnam as a strategic market with immense growth potential, expressing their readiness to leverage their technological strengths and digitalisation experience to help Vietnamese partners remain competitive in the digital age.
PM Chinh commended Dunamu’s technological and financial prowess, and welcomed its plans to explore investment opportunities in Vietnam’s digital asset and crypto industries. He also praised Hana for its contributions to Vietnam’s economic development through its partnership with MB.
He revealed that the Vietnamese Government is building a legal framework and preparing to launch a pilot digital asset market in the near future. He encouraged Dunamu to actively collaborate with Vietnamese agencies and organisations to share expertise and assist in legal framework formulation, workforce training, infrastructure building, technology transfer, and operation of crypto exchanges. These efforts, he said, would balance regulatory oversight, including tax management, while fostering growth.
Encouraging both Dunamu and Hana to ramp up investments in Vietnam, he suggested they work closely with MB, a prestigious Vietnamese bank, to contribute to the Vietnam – RoK comprehensive strategic partnership.
He assigned the Ministry of Finance to lead the drafting of a resolution for the pilot digital asset market, while continuing to work with the State Bank of Vietnam and other relevant ministries, agencies, and localities to facilitate Dunamu’s research and investment activities.
Kim affirmed Dunamu’s commitment to sharing experience and cooperating with Vietnam to develop a digital asset ecosystem in line with the PM’s direction. He pledged to deliver safe, transparent, and effective solutions and services to attract both global and local investors./.
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