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Advisory Network

Phan Duc Trung

Phan Đức Trung

Chairman, Vietnam Blockchain and Digital Assets Association

VietnamAssociation

About

Phan Duc Trung is a Vietnamese finance and technology executive. He studied energy economics at Hanoi University of Science and Technology. He later worked as investment director at Techcombank, was chief executive of FPT Capital from 2007 to 2009 and deputy general director for finance at FPT Group from 2009 to 2011, and became vice chairman of TienphongBank in 2011.

Since 2020 he has focused on blockchain. He founded DeCom Holdings in 2020 and the ABAII Institute of Blockchain Technology and Artificial Intelligence in 2024, and heads 1Matrix, a company set up in 2025 to build Vietnam's blockchain service network. He was standing vice chairman of the Vietnam Blockchain Association from 2022 and has been its chairman since January 2025.

He comments regularly on Vietnam's crypto asset pilot under Resolution 05/2025/NQ-CP. He welcomed the resolution but argued that its VND 10 trillion capital requirement differs from international practice, which puts more weight on technology, compliance, insurance and anti-money laundering controls. He has warned that no Vietnamese exchange yet has the staff and technology for safe custody, and has proposed a public private model in which the state sets the rules and firms build compliance into their platforms.

Policy engagement

Has publicly proposed a public private model for Vietnam's crypto asset market, with the state setting the rules and firms building risk management and compliance into their platforms from the design stage.

Source: Nguoi Quan Sat interview

Key actions

  1. At the Vietnam RWA Summit 2026, called for public private coordination and regulatory sandboxes to build a tokenised real world asset market.

    Source

  2. Told a capital market forum that no exchange in Vietnam yet had the staff and technology to guarantee safe custody of crypto assets.

    Source

  3. Criticised blockchain firms that pulled out of Vietnam after Resolution 05, defending the foreign-investor-only pilot phase as a prudent safeguard.

    Source

  4. Welcomed Resolution 05/2025/NQ-CP while noting that its capital threshold departs from international standards that stress compliance and controls.

    Source

  5. Elected chairman of the Vietnam Blockchain Association after serving as standing vice chairman.

    Source

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