Vietnam's central bank anticipates a 20% credit growth by 2025, potentially channeling more capital into the global cryptocurrency market. Deputy Governor Pham Thanh Ha highlighted the importance of reducing interest rates and addressing U.S. tariff uncertainties to bolster economic growth. In a significant move, Vietnam legalized cryptocurrencies in June, classifying them as virtual assets like Bitcoin and Ethereum, while prohibiting on-chain fiat-backed assets such as stablecoins. Vietnam is emerging as a crypto hub in Southeast Asia, driven by a young population and high crypto adoption rates. The government has shown support for blockchain technologies, launching the national blockchain database NDAChain in July. This Layer 1 network, managed by public-private partnerships, aims to enhance data security through a semi-decentralized system. The Asia-Pacific region, including Vietnam, leads in crypto adoption, with transaction volumes expected to exceed $2.3 trillion by 2025.