Vietnam Central Bank Expects Credit Growth Amid Rapid Crypto Adoption

The State Bank of Vietnam forecasts a credit growth of around 20% for 2025, which could stimulate liquidity in global cryptocurrency markets due to rising regional adoption. Deputy Governor Pham Thanh Ha emphasized the need for further interest rate reductions to bolster economic growth. Vietnam ranks fourth globally in cryptocurrency adoption as per Chainalysis, showcasing its potential as a regional hub for crypto in Southeast Asia, driven by government focus on emerging technologies and a young population. Despite recent crypto regulations prohibiting the issuance of on-chain fiat-backed assets like stablecoins, Vietnam's total crypto value received surged from $1.4 trillion to over $2.3 trillion year-over-year, with significant contributions from India, Pakistan, and Vietnam. The country is advancing technological infrastructure through initiatives like NDAChain, designed to secure sensitive data on a decentralized network, progressing towards a robust digital economy.

Source 🔗