Vietnam Opens Path For Crypto Market As Vinfast Restructures To Accelerate Global Expansion

VinFast Restructures Operations Under Asset Light Strategy

VinFast is restructuring its business model through the divestment of its domestic manufacturing operations as the company shifts toward a more asset light strategy focused on higher value activities such as electric vehicle design, branding, pricing, and go to market operations. The move reflects a broader effort to strengthen operational flexibility while maintaining production continuity as the company expands both domestically and internationally.

Under the new structure, a newly established subsidiary, VinFast Vietnam JSC, will oversee research and development, intellectual property management, after sales services, and sales operations. The entity will also manage key international business interests, consolidating functions tied to technology development, brand positioning, and commercial expansion under a more centralized operating platform.

At the same time, manufacturing assets, including the Haiphong factory complex, will remain under VFTP, which will continue producing VinFast branded electric vehicles through manufacturing agreements based on technical standards provided by VFVN. The separation of manufacturing from innovation driven and commercial functions is designed to allow VinFast to focus more directly on product development and market strategy while preserving existing production capacity.

The divestment transaction is valued at approximately 532.4 million USD and represents a significant shift in the company’s operating structure. By separating capital intensive manufacturing activities from technology, branding, and market focused operations, VinFast is moving toward a model that prioritizes efficiency, scalability, and long term competitiveness within the rapidly evolving electric vehicle sector.

The restructuring also comes amid broader regulatory discussions surrounding Vietnam’s automotive manufacturing requirements and the future competitiveness of the domestic auto industry. As industry dynamics continue to evolve, VinFast’s transition toward a more focused operating model may position the company to respond more flexibly to changing market conditions while continuing to scale its presence in international markets.

Vietnam Targets $300 Billion Digital Tech Industry by 2030

Vietnam has approved its digital technology industry development programme for the 2026 to 2030 period, setting out an ambitious roadmap to build a modern and highly competitive digital technology sector led by domestic enterprises capable of mastering core technologies. The programme positions digital technology as a central pillar of long term economic growth, with authorities targeting at least 300 billion USD in industry revenue by 2030 alongside annual growth of 12% or higher.

The strategy also places strong emphasis on expanding the global presence of Vietnamese technology enterprises. Under the plan, annual exports of digital technology products developed by Vietnamese firms are expected to reach 55 billion USD, supporting the country’s deeper integration into global digital value chains while strengthening the international positioning of “made in Vietnam” technology products and services.

Alongside revenue and export targets, Vietnam is aiming to significantly expand the scale of its domestic technology ecosystem. Authorities plan to increase the number of digital technology enterprises to 100,000 while building a workforce of more than 3 million people. The expansion is intended to strengthen domestic technological capability and create a larger base of enterprises able to participate in advanced manufacturing, software development, and emerging technology sectors.

Infrastructure development has also been identified as a core component of the programme. Vietnam plans to establish between 16 and 20 concentrated digital technology zones, develop at least one large scale digital technology hub, and build a shared high performance computing centre to support national digital technology development. These facilities are expected to provide critical infrastructure for research, product development, and large scale technology deployment.

Strategic priorities within the programme include artificial intelligence, semiconductors, digital manufacturing, research and development support, infrastructure modernization, and talent development. By combining enterprise expansion with investments in advanced technologies and supporting infrastructure, the government is seeking to strengthen the country’s long term competitiveness in future oriented industries.

The programme reflects a broader effort to move beyond technology adoption toward building stronger domestic innovation capacity across the entire digital economy. Through a combination of industrial scaling, infrastructure investment, and workforce development, Vietnam is positioning itself to accelerate the growth of internationally competitive technology enterprises while expanding its role within global digital supply chains.

Vietnam Targets Q3 2026 Launch for Regulated Crypto Asset Market

Vietnam is preparing for the official launch of a cryptocurrency and digital asset market as early as the third quarter of 2026 under a regulatory framework aimed at ensuring transparency, safety, and market oversight. The initiative marks a significant shift in the country’s financial strategy as authorities move toward the formalization and regulation of digital assets within the broader national digital economy agenda.

The rollout is being coordinated through a multi agency framework involving the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam. Under the current plan, 5 companies are expected to receive approval to provide services for organizing and operating digital asset trading platforms. The coordinated approach reflects an effort to combine financial supervision, monetary oversight, and security enforcement in order to establish a controlled and transparent operating environment for the emerging market.

The planned launch is also closely tied to Vietnam’s broader economic modernization strategy under the Politburo’s Resolution 57-NQ/TW, which targets the digital economy contributing at least 30% of national GDP by 2030. The development of a regulated digital asset market is being positioned as part of a wider push to strengthen digital finance infrastructure and expand participation across the digital economy.

Alongside the cryptocurrency market initiative, Vietnam is pursuing broader digitalization targets across the financial system and wider economy. Authorities aim to increase cashless transactions to 80% while targeting more than 40% of enterprises participating in innovation activities by 2030. These goals are intended to support the country’s transition toward a more technology driven and innovation oriented economic structure.

To support these objectives, the Ministry of Finance has already launched several large scale digital transformation projects, including digital customs operations, redesigned digital tax administration systems, and modernized state budget management platforms. The expansion of digital public infrastructure is expected to provide a stronger institutional foundation for the operation of new financial technologies and digital asset markets.

By moving toward a regulated crypto asset framework while simultaneously modernizing broader financial infrastructure, Vietnam is positioning itself as a more active participant in the regional fintech and digital transformation landscape. The approval of initial platform operators and the planned Q3 2026 launch timeline signal a transition from policy discussion toward practical implementation of the country’s long term digital economy ambitions.

SoBanHang Secures Fresh Funding to Expand SME Digital Services

Finan, parent company of SoBanHang, announced on May 12 that it had secured a pre-Series A funding round backed by OSK-SBI Venture Partners and other strategic investors. The new capital will be used to expand services for small and medium sized enterprises while supporting the company’s broader regional growth strategy as it continues scaling its business and financial management platform.

The funding comes as momentum builds around the digitalization of Vietnam’s micro business sector, one of the country’s largest yet least digitized economic segments. SoBanHang currently serves nearly 800,000 household businesses, positioning itself within a market where many merchants still operate with limited access to digital tools and formal financial services.

The company’s platform is designed to help small and micro enterprises establish digital storefronts, manage multi channel sales operations, and streamline day to day business management through smartphones. By focusing on mobile first tools with simplified operational features, SoBanHang is targeting merchants that often lack the resources or infrastructure to adopt more complex enterprise systems.

Alongside operational management tools, the company is also expanding its integration with financial services. Its recent partnership with Shinhan Bank Vietnam led to the launch of Shinhan Store, an integrated platform combining banking infrastructure with merchant management capabilities. The collaboration reflects a broader effort to make financial services more accessible to small businesses while embedding banking functions directly into everyday business operations.

As the company continues to grow, the combination of merchant management solutions and financial service integration is becoming a central part of its expansion strategy. The latest funding round is expected to support wider digital adoption among small businesses while helping more household enterprises transition toward formalized and technology enabled operations.

SSIAM, Daiwa, CCIX Deepen Japan Vietnam Investment Ties

SSI Asset Management, Daiwa Corporate Investment, and CCI CrossBorder have signed a strategic agreement aimed at expanding co-investment opportunities and strengthening capital connectivity between Japanese financial institutions and Vietnamese enterprises. The partnership reflects growing confidence from Japanese institutional investors in Vietnam’s long term economic potential, while also signaling a broader shift toward more execution focused and strategically structured investment models within the market.

Under the agreement, the three parties will cooperate in identifying, structuring, and executing medium to long term investment and financing opportunities. The collaboration will combine each organization’s financial resources, market expertise, and regional networks to support Vietnamese businesses seeking growth capital and broader financing access.

A key focus of the partnership is the expansion of financing options beyond traditional private equity investment. Through the involvement of CCI CrossBorder, the initiative will also introduce alternative financing structures, including credit and mezzanine financing solutions, providing Vietnamese companies with more diversified pathways to secure long term funding for expansion and business development.

The agreement also builds on the longstanding relationship between SSI Asset Management and Daiwa Corporate Investment. Since 2009, the two firms have jointly managed the Daiwa SSI AM Vietnam Growth Fund series, which has now reached its fourth fund. The continued expansion of the partnership reflects deeper financial collaboration between Japanese and Vietnamese institutions, extending beyond capital deployment into broader strategic market connectivity.

As Japanese financial institutions continue increasing their presence in Vietnam, the partnership is expected to contribute to the strengthening of the country’s investment ecosystem by improving access to long term capital and supporting the development of more diversified financing structures for local enterprises.

Genesia Ventures is an early-stage venture capital firm operating in Japan and Southeast Asia, with a strong belief in the long-term potential of Vietnam’s digital economy. Beyond providing capital, the fund actively supports startups through strategic guidance and connections to a broader regional network.