Bybit and Vietnamese Government Discuss Strategic Collaboration in Digital Asset Development
On April 17, 2025, Bybit CEO Ben Zhou held a meeting with Vietnam’s Minister of Finance, Nguyen Van Thang, at the ministry’s headquarters.
This discussion marked an important step in exploring collaboration between the private sector and government to develop a legal framework for digital assets in Vietnam.
Drafting Plans for a National Digital Asset Exchange
According to information sourced from Beincrypto, the meeting discussed the possibility of establishing Vietnam’s first virtual asset exchange.
Zhou expressed Bybit’s interest in investing and collaborating on the development of digital asset infrastructure in the country.
The Vietnamese government, through the Ministry of Finance, showed openness to this initiative as part of its national strategy to adopt blockchain technology.
Transparency and Security: Bybit’s Top Priorities
During the meeting, Zhou also addressed a recent security incident at Bybit, in which approximately US$1.5 billion in digital assets were lost due to hacking.
However, Zhou emphasized that all investors had been fully reimbursed and that withdrawal services remained uninterrupted.
He highlighted Bybit’s commitment to transparency and security, ensuring that users’ assets are backed 1:1.
Government Support for Technological Innovation
Minister Nguyen Van Thang welcomed Bybit’s intention to collaborate and invest in Vietnam.
He acknowledged the rapid global growth of blockchain technology and digital assets, including in Vietnam, and stated that the government is ready to support initiatives that strengthen the national digital ecosystem.
Toward an Integrated Digital Asset Ecosystem
The collaboration between Bybit and the Vietnamese government is expected to accelerate the development of an integrated digital asset ecosystem in the country.
With support from both the private sector and the government, Vietnam has the potential to become a blockchain innovation hub in Southeast Asia.
This strategic move demonstrates the commitment of both parties to drive digital economic growth through the development of secure, transparent, and regulated digital assets.
