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OIF is considered one of the pioneering models in Vietnam, aimed at creating stronger alignment among government policy direction, private investment capital and on-chain technology through a multi-sector collaborative platform.
OIF is designed as a mechanism for regular coordination between businesses, technology organizations, and regulatory agencies.
Each working group will produce three mandatory outcomes including sector policy documents and recommendations, proposed regulatory sandbox mechanisms submitted to relevant authorities, and practical use cases ready for enterprise deployment.
Speaking at the signing ceremony, Mr. Khoa Nguyen, Secretary General of GOE Alliance, remarked Da Nang possessed many favorable conditions in terms of policies, development orientation and quality of living environment to attract innovation resources. OIF is expected to help connect and effectively leverage these advantages.
For DISSC, the partnership with GOE Alliance through OIF represents a concrete step toward bringing the spirit of central government-issued resolutions on pilot special mechanisms and policies for Da Nang’s development into practical action.
The implementation of OIF comes as Da Nang is benefiting from a range of rare special mechanisms.
While many financial centers across Asia are tightening regulations, Da Nang is pursuing a different approach by opening controlled pilot mechanisms rather than waiting for a fully completed legal framework.
This combination of conditions resembles the circumstances once seen in Lugano before it became Europe’s first digital asset hub: strong national policy commitment, legally recognized sandbox mechanisms and a city agile enough to adapt quickly while large enough to create precedents.
The organization holds a strategic membership role in VIFC and brings together a network of members and partners including Viettel Digital, Dragon Capital, Sky Mavis, Kyber Network, Tether, Exabyte, Republic and other domestic and international partners.
