Vietnam, officially known as the Socialist Republic of Vietnam, has launched a national blockchain initiative, ‘NDAChain’, to bolster its digital ecosystem. The NDAChain was unveiled on July 25, 2025, and is being developed by the National Data Association (NDA) and will be operated by the Ministry of Public Security’s Data Innovation and Exploitation Centre.
NDAChain is a government-backed blockchain platform designed to safeguard citizens’ data and to modernize digital services all across Vietnam.
Following this development, the Head of Technology at National Data Association, Mr. Nguyen Huy, said, “ Vietnam has chosen a hybrid data architecture that blends centralized and decentralized components. NDAChain acts as a protective layer for the nation’s live data, critical to our digital society and economy.”
The move to launch its in-house blockchain has helped Vietnam to join the list of dozens of nations actively working on the transition from centralized to decentralized technology.
What exactly is NDAChain, and how will it work?
According to the official press release, NDAChain is a permissioned layer-1 blockchain featuring a consortium of 49 public-private validator nodes operated by state agencies and major enterprises, including the National Data Center, SunGroup, Zalo, and VNVC.
In simple words, a permissioned layer 1 blockchain is a type of foundational blockchain network where access and participation are restricted to authorized entities, unlike permissionless blockchains, which are open to anyone for participation. Permissioned chains control who can join the network, validate transactions, or access data.
The NDAChain platform operates on a Proof-of-Authority consensus protocol, enhanced with Zero-Knowledge Proofs for security, and is capable of processing approximately 3,600 transactions per second with low latency and high scalability.
Yet it is worth noting that by the end of 2025, the NDAChain will be fully integrated into NDC and will gradually expand to local government and universities by 2026.
A quick overview of how big the crypto market in Vietnam
The cryptocurrency market of Vietnam is growing rapidly, pushed by several factors, including higher adoption and fast-paced digitalization in the nation.
As per an estimate, the market in 2023 was valued between $76 million and $150 million, and the size is expected to reach $184 million by 2028.
However, the revenue of the regional crypto market is expected to reach $1.9 billion by 2025, with an average revenue of $92.5 per user. Around 21% of the total population of Vietnam is involved in crypto, making it among the top five nations globally in terms of crypto adoption.
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