27/01/2026
In the context of Vietnam's accelerated digital transformation and controlled experimentation with blockchain technology through regulatory sandboxes, Da Nang has emerged as a leading FinTech hub. Pursuant to Resolution 222/2025/QH15 and the Law on Digital Industry (effective 1 January 2026), the city has granted approvals to several pioneering projects integrating blockchain into payments, digital finance, and tourism.
Basal Pay and MIMO are the two projects officially approved for sandbox trials, while DNPay is regarded as a promising next candidate, given its user-friendly crypto-to-fiat payment features and low-cost structure. This analysis compares the three projects to highlight their differences and respective strengths within Da Nang's sandbox environment.