Vietnam has announced a national blockchain strategy that aims to become a regional leader in blockchain technology by 2030. The strategy, approved by Deputy Prime Minister Ho Duc Phuc, outlines five key actions: improving the legal environment, developing infrastructure, developing human resources and improving social status. Promoting blockchain development, research and international cooperation.
📢Just in: Vietnam officially announces national blockchain strategy
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The government plans to establish 20 famous blockchain brands, maintain 3 blockchain testing centers, and rank among the top 10 blockchain training institutions in Asia. The Ministry of Information and Communications, the Government Cryptography Board, and the Ministry of Education and Training will monitor these efforts.
Vietnam Blockchain Association (VBA) will develop a “Made in Vietnam” blockchain platform to facilitate information sharing and strengthen competitiveness with foreign companies. VBA Executive Vice Chairman Phan Duc Trung welcomed the strategy as a milestone, demonstrating the government’s commitment to a transparent and sustainable digital economy.
Vietnam’s focus on blockchain stems from its potential to build advanced digital infrastructure, ensure data security, and promote the digital technology industry. The country has already made great strides in crypto adoption, ranking first in the Chainaloss Global Crypto Adoption Index in 2021 and 2022.
The main initiatives of Vietnam’s blockchain strategy include:
Blockchain infrastructure development: Build mechanisms for operation, exploitation, interaction, and interconnection between blockchain networks. Talent development: Strengthen expertise in blockchain development and application. Promote blockchain development: Encourage innovation and entrepreneurship in the blockchain field. International cooperation: Collaborate with global partners to advance blockchain research and applications.
Vietnam’s blockchain efforts are reflected in the Digital Technology Industry Bill, which includes provisions regarding digital assets as intangible assets protected by law.
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