Vietnam announced its National Blockchain Strategy in an announcement on October 23, setting ambitious goals to improve its blockchain capabilities.
The initiative aims to position Vietnam as the region’s leading hub for blockchain research, application and innovation by 2030.
According to the document, the Vietnamese government has identified blockchain as a key technology in the Fourth Industrial Revolution, indicating its importance for future development.
Phan Duc Trung, executive vice president of the Vietnam Blockchain Association, said this strategy is a pivotal moment for Vietnam, highlighting the government’s commitment to building a transparent, secure and sustainable digital economy.
Vietnam blockchain vision
Vietnam aims to be at the forefront of blockchain technology and promote its research, deployment and application.
By 2030, the country aims to build a strong international presence by nurturing reputable blockchain brands and developing critical infrastructure to support innovation. The plan also aims to position Vietnam as a top destination for blockchain research and training in Asia.
The strategy outlines a comprehensive approach to accelerate blockchain growth, including strengthening the legal framework and fostering a strong industrial ecosystem.
The country also focused on human resource development to ensure Vietnam has the skilled workforce needed to support this evolving technology. Furthermore, the Asian country aims to strengthen research and international cooperation and become a central player in blockchain-driven advancements around the world.
digital assets
Meanwhile, a key element of this strategy is legal recognition of digital assets. Vietnam plans to align its regulatory framework with international standards so that digital assets are legally recognized and protected as intangible assets.
These assets are protected under property rights under civil law, intellectual property law and other relevant regulations.
The government’s strategy highlights its commitment to preventing money laundering, terrorist financing and the proliferation of weapons of mass destruction by regulating digital assets in line with global standards.
The move is not surprising considering the country ranks in the top five for cryptocurrency adoption in the world.
