The global digital economy landscape is witnessing a shift from public blockchains to controlled blockchain infrastructures that emphasize compliance and actual transaction processing capacity. In Vietnam, 2026 is not just an administrative milestone but a convergence point for "Make in Vietnam" technical solutions that meet international standards. According to the team of experts at Tan Phat Digital, assessing the suitability of Blockchain for the current Vietnamese market needs to be based on the ability to solve problems of processing efficiency (Scalability), interoperability (Interoperability) and data security (Privacy-preserving). The shift from purely financial applications to verifiable data infrastructure (Verifiable Data Infrastructure) is positioning Vietnam as a typical distributed ledger technology R&D center in the region.
Compatibility in reception capacity and network characteristics
Vietnam possesses ideal "laboratory" conditions for Blockchain thanks to the intersection of a large user community and the need for data transparency in the export supply chain password. Adoption capacity does not stop at the number of asset owners but has advanced to the stage of deep technical integration into business processes.
Digital adoption and consumption habits index
Data from Chainalysis's "Global Crypto Adoption Index 2025" report confirms that Vietnam is one of the most vibrant markets in the world, holding the 4th position overall. However, from a professional perspective, the highlight lies in the transaction value structure.
Analysis of Acceptance Index 2025 in Vietnam:
Overall Ranking: 4.
Retail transaction value at centralized services: Ranked 3rd in the world (showing great convenience in payment and money transfer) high).
Value from institutional transactions (Institutions): Rank 4 (demonstrating the participation of large enterprises).
Value from DeFi protocol: Rank 6 (reflecting the technical level of users in using smart contracts).
Tan Phat Digital recorded that there are more than 17 Millions of Vietnamese people are interacting with digital assets, especially the rate of freelancers owning crypto assets is up to 85%, the highest in the world. This creates an available human infrastructure layer, helping businesses easily deploy Web3 economic models without spending much on market education.
The need to solve information asymmetry
In traditional industries such as agriculture and logistics, blockchain is the only technical solution that ensures "Single Source of Truth". When goods pass through many intermediaries, data is often manipulated. Blockchain with immutable properties helps record records from planting to supermarket shelves, creating a competitive advantage in reputation for Vietnamese agricultural products when entering demanding markets such as the EU or Japan.
National Technical Infrastructure and Standardization (ISO/TC 307 & GS1)
To ensure sustainability, Vietnam's Blockchain ecosystem in 2026 has shifted from using discrete blockchains to a unified infrastructure, complying with strict international standards.
VBSN Multi-Chain Service Network and Large-Scale Processing Capacity
Vietnam Blockchain Multi-Chain Service Network (VBSN) developed by 1Matrix is the most important infrastructure pillar. This is a "Make in Vietnam" Layer 1 network designed to solve performance problems for public and private services.
Outstanding technical features of VBSN:
Extremely high performance: Reaching 300,000 transactions per second (TPS), far exceeding the capacity of traditional public platforms.
BaaS model (Blockchain-as-a-Service): Allows organizations to create a private Layer 1 in under 1 hour without the need for a dedicated engineering team.
Flexible consensus mechanism: Supports Hybrid aBFT, ensuring fast authentication and optimal security for government-level transactions.
Standardized according to ISO/TC 307 and GS1
In 2026, blockchain deployment in Vietnam has begun to strictly comply with the list of international standards ISO/TC 307. This helps Vietnamese businesses be fully compatible with the global trading system.
Key technical standards:
ISO/TC 307: Thiết lập khung quản trị dữ liệu, quản lý Smart Contract và bảo mật giao dịch đồng bộ.
GS1 (EPCIS & CBV): Tích hợp các chuẩn mã số mã vạch toàn cầu vào blockchain để truy xuất nguồn gốc. For example, CBV 2.0 standard helps standardize event data in the supply chain, helping Vietnamese goods easily be accepted at international ports.
See more: 20+ Blockchain Use Cases: Ứng dụng thực tế tại Việt Nam năm 2026
Công nghệ Bảo mật Tiên phong: Zero-Knowledge Proofs và An toàn Hợp đồng thông minh
Trong kỷ nguyên dữ liệu lớn, bảo mật Privacy is a top priority. Vietnam is witnessing the rise of Zero-Knowledge Proofs (ZKP - Zero-Knowledge Proof) solutions, which allow data authentication without revealing the original content.
Verifiable Data Infrastructure (VDI) and Orochi Network
Orochi Network, a leading R&D startup based in Vietnam, has pioneered building a verifiable data infrastructure for ZKP applications.
Components Core technical:
zkDatabase: Decentralized database that allows smart contracts to validate off-chain data without the need for a third party. This system has processed more than $700$ million in cryptographic evidence since its launch.
zkMemory: Memory proof module helps secure data when executing programs on zkVM (Zero-Knowledge Virtual Machines), ensuring AI or financial calculations are not tampered with.
zkDA Layer: Usage data availability layer ZK-rollups to compress data, reducing on-chain storage costs by up to $90\%$ while ensuring integrity.
Smart Contract Security (EVM Security) Analysis
Technical experts in Vietnam are currently focusing on controlling logic errors in the Ethereum virtual machine (EVM). In-depth analysis shows that errors such as Integer Overflow or instruction flow errors (JUMP/JUMPI) are the main causes of asset loss. Các hệ thống kiểm thử tự động dựa trên kỹ thuật "Thực thi tượng trưng" (Symbolic Execution) đang được áp dụng để quét hơn $142$ mã opcode của EVM, đảm bảo các hợp đồng thông minh trong lĩnh vực DeFi và RWA (Tài sản thực) đạt độ an toàn tuyệt đối.
Case Study Ứng dụng Thực tế: Hiệu quả từ những con số
Sự kết hợp giữa hạ tầng VBSN và các tiêu chuẩn kỹ thuật đã mang lại kết quả hữu hình cho kinh tế Việt Nam.
Nông nghiệp thông minh: Agridential và Fruitchain
Dự án Agridential: Tập trung vào cà phê Tây Nguyên. Thanks to integrating Blockchain with IoT devices and QR codes, the project has helped products meet GlobalGAP standards, promoting exports to the EU market with higher added value.
Fruitchain project: Deployed in the Mekong Delta for mango and dragon fruit. In 2023, the project supports the export of $93,000$ tons of mangoes to Japan and Korea, increasing $10\%$ in export value thanks to absolute transparency of origin.
Public Services and Identification: VNeID and VBSN
Blockchain has been deeply integrated into the national identification application VNeID to manage:
Fund retrieval substances and chemicals: The Ministry of Public Security uses blockchain to monitor sensitive goods lists and prevent loss.
Diploma identification: All degrees and certificates are stored as immutable records, allowing authentication in less than $1$ seconds via QR code, completely eliminating the problem of fake diplomas.
Training and Human Resources: Goal 200,000 experts
Human resource shortage is the biggest challenge to maintain EEAT (Expertise - Prestige) for the industry. It is expected that by 2026, Vietnam will need 200,000 personnel who understand the Blockchain - AI - Fintech trio.
Human resource development strategy:
Sandboxing model: ABAII Institute coordinates with businesses to let students practice on actual nodes of the VBSN network.
University links: Ho Chi Minh City University of Law and leading technical schools have introduced Web3 Programming, Smart Contracts and Digital Legal into formal teaching.
Priority areas: Focus on ZKP security engineers, smart contract audit experts and decentralized system architects.
Technical Risks and Execution Challenges
From the perspective of Tan Phat Digital, the market still faces technical barriers:
Scalability (Scalability): Although VBSN achieves high speed, data synchronization between different blockchains (Interoperability) is still complicated.
Hardware costs: Deploying blockchain nodes and IoT devices (RFID, sensors) is a large investment for farmers and SMEs.
Digitalization level: Only about $20\%$ farmers in key regions have good interoperability with digital management platforms, requiring simpler Low-code/No-code solutions.
Frequently Asked Questions (FAQs)
Can I use cryptocurrency to pay for purchases?
No. The State Bank of Vietnam still maintains its official stance prohibiting the use of cryptocurrency as a legal means of payment. However, they are recognized as tools for financial exchange or investment.What is VBSN Network and why is it important?
VBSN is the Vietnam Blockchain Multi-Chain Service Network, a "Make in Vietnam" Layer 1 infrastructure capable of processing 300,000 transactions/second. It serves as a "highway" connecting public and private services in a safe and proactive way regarding data.Why is 2026 considered a "hinge year" for Blockchain in Vietnam?
Because this is the convergence of three factors: the Law on Digital Technology Industry takes effect, the national infrastructure network VBSN is completed and the tasks of integrating blockchain into the judicial system and traceability begin. actual implementation.Are digital asset transactions subject to tax?
Yes. When digital assets are clearly legally identified in the new management framework in 2026, profitable trading activities will be accompanied by corresponding tax obligations according to regulations of the Ministry of Finance.How to distinguish real blockchain projects from multi-level scams?
Mainstream projects from 2026 will operate under the Sandbox framework or have a license from the Ministry of Finance/State Bank. Users should prioritize solutions that run on VBSN infrastructure or are certified by the Vietnam Blockchain Association (VBA).What specifically does Blockchain help farmers?
It helps make the process transparent from planting to export. For example, the Fruitchain project has helped Dong Thap mangoes increase export value by 10% by meeting Japan's strict standards through immutable traceability.Is the cost of implementing blockchain for small businesses (SMEs) high?
Although the initial infrastructure cost is quite large, the Blockchain-as-a-Service (BaaS) model on VBSN allows businesses to create Layer 1 in just under 1 hour at a much lower cost than building your own system.What is the VNeID application integrating blockchain for?
Blockchain on VNeID helps people authenticate diplomas, certificates and electronic authentication stamps in under 1 second, and also supports the Ministry of Public Security in managing sensitive goods such as precursors and chemicals to ensure security.How does Zero-Knowledge Proofs (ZKP) technology work?
ZKP allows authenticating information (for example, verifying that you are 18 years old) without revealing the original data (specific date of birth). Orochi Network is applying this technology to secure medical and financial data in Vietnam.How many blockchain experts does Vietnam currently need?
It is forecast that by 2026, the Vietnamese market will need to add about 200,000 specialized personnel in the fields of Blockchain, AI and Fintech to meet the growth rate of the digital economy.What is the Sandbox mechanism for Blockchain?
This is a controlled testing framework (Decree 94/2025/ND-CP) that allows Fintech businesses to operate new business models such as digital asset exchanges in a limited space under the supervision of authorities before widely licensing.Where does Vietnam currently rank in the world in terms of cryptocurrency popularity?
According to Chainalysis's 2025 report, Vietnam holds the 4th position globally in the digital asset adoption index, behind only India, the United States and Pakistan.When will Vietnam have a Central Bank Digital Currency (CBDC)?
The State Bank of Vietnam is currently in the research and testing phase of blockchain-based CBDC models aiming for official release after 2026 to optimize cross-border payments.Why should businesses use VBSN instead of networks like Ethereum or Solana?
Because VBSN ensures national data sovereignty (data is not stored abroad), lower transaction costs, faster processing speed (300,000 TPS) and fully complies with current Vietnamese legal regulations.
Blockchain in Vietnam in 2026 has passed the testing phase to become a real technical infrastructure. Mastering core technologies such as Layer 1 VBSN or ZKP security solutions not only helps protect national data sovereignty but also opens up opportunities to export "Make in Vietnam" technology solutions globally.
Strategic recommendations from Tan Phat Digital:
Enterprises: Need to standardize data according to ISO/TC 307 from the beginning to ensure national integration reality.
Startup: Focus on Verifiable Data and ZK-proofs to stay ahead of security trends.
Users: Raise awareness of information security, only use platforms with transparent and audited infrastructure.
With methodical investment in technical infrastructure and human resources, Vietnam is fully capable of reaching the Top 3 in the world in blockchain infrastructure, turning "digital trust" into a driving force for sustainable economic growth.
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