Enhancing Blockchain Development in Ho Chi Minh City: Sui Connect Initiative
In the rapidly evolving world of cryptocurrencies, Vietnam is making significant strides towards establishing itself as a hub for digital asset management and investment. The upcoming Sui Connect conference, scheduled for July 29, 2025, in Ho Chi Minh City, is poised to play a crucial role in this transformation.
The Sui Connect conference aims to build a robust cryptocurrency ecosystem in Vietnam, catering to both developers and cryptocurrency enthusiasts. The event offers express presentations, networking opportunities, and discussions, focusing on the themes of Sui's evolvability, security, and applications.
The Sui Connect blockchain is recognised for its ability to evolve, making it an exciting prospect for the cryptocurrency community. The conference will showcase the specific features and potential of Sui, offering insights into its capabilities and how it supports the development of decentralised applications.
Vietnam's cryptocurrency ecosystem is undergoing a rapid transformation, with the use of blockchain technology becoming increasingly widespread. The government has established a comprehensive legal framework for cryptocurrencies, legalising crypto assets such as Bitcoin and Ether, and implementing mandatory identity verification, transaction monitoring, and reporting obligations to combat fraud and comply with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) standards.
The new law also offers tax exemptions, subsidies, workforce training, and incentives for blockchain startups and foreign tech investors, aiming to position Vietnam as a digital economy hub in Southeast Asia and attract global venture capital and crypto exchanges. The government is also working on a decree to further concretize these regulations, ensuring a clear, sustainable, and safe environment for digital asset management and investment.
The Sui Connect event is expected to have a significant impact on Vietnam's crypto development, given the recent regulatory progress. The frameworks for regulatory sandboxes and investor-friendly policies stemming from the new law create fertile ground for blockchain events like Sui Connect to drive innovation and adoption.
Sui Connect would likely showcase new blockchain technologies, applications, and partnerships, attracting attention from Vietnamese regulators, startups, and investors eager to benefit from the legal clarity and incentives. As Vietnam aims to be a regional hub for digital technology, hosting or participating in events like Sui Connect could help promote knowledge sharing, foreign investment, and startup growth, consistent with the government's ambition to boost the tech ecosystem.
The event may accelerate the adoption of advanced blockchain networks and decentralised applications (dApps) in Vietnam by connecting domestic developers with global crypto communities and capital. In summary, the Sui Connect event could act as a catalyst for blockchain innovation and investment in Vietnam, leveraging the newly legalized and incentivized crypto environment to stimulate growth, talent development, and international collaboration in the digital asset space.
The conference will take place at the Hive Thao Dien, providing a platform for participants to learn, network, and engage with the Sui Foundation and other industry leaders. With the increasing demand for more explicit laws on cryptocurrencies in Vietnam, the Sui Connect conference could shape Vietnamese cryptocurrency law and have an impact on blockchain use worldwide.
According to research published by the Journal of Blockchain Research, Sui's transaction per second rate could reach 120,000, making it a promising contender in the competitive world of cryptocurrencies. The event illustrates Vietnam's involvement in the world of cryptocurrencies, showcasing the country's commitment to embracing and harnessing the potential of this rapidly evolving technology.
In 2024, over 17 million individuals in Vietnam held cryptocurrencies, indicating a growing interest and adoption of digital assets in the country. The Sui Connect conference is set to build on this momentum, positioning Vietnam as a leader in the Web3 domain and contributing to the country's goal of becoming a digital economy hub in Southeast Asia.
- Recognizing the potential of Sui as a blockchain that can reach a transaction per second rate of 120,000, the Sui Connect conference aims to attract attention and build a robust ecosystem in Vietnam that includes other innovative technologies in finance and technology.
- As Vietnam strives to become a hub for the digital economy in Southeast Asia, the upcoming Sui Connect conference offers insights into Sui's capabilities and the new legal and incentive frameworks, fostering collaboration in the cryptocurrency industry, including developers, investors, and regulatory bodies.
