Vietnam’s National Blockchain Strategy Aims for Regional Leadership by 2030

Vietnam has officially launched its National Blockchain Strategy on October 22, with the ambitious goal of becoming a leader in blockchain technology across Asia by 2030. The strategy outlines steps for Vietnam to develop blockchain platforms, products, and services within the country and aims to create 20 reputable blockchain brands by 2025.

“Vietnam will become a leading country in the region and have an international position in researching, deploying, applying, and exploiting Blockchain technology,” states Vietnam’s National Blockchain Strategy.

Indonesia recently entered Chainalysis’ global crypto adoption index for the first time, replacing Vietnam and ranking third behind India and Nigeria.

Establishing Blockchain Testing Centers

A central goal of Vietnam’s strategy is to establish at least three blockchain testing centers in major cities to support blockchain development and application. These centers will ensure security, promote innovation, and form a national blockchain network.

Vietnam’s Five Blockchain Goals

The Vietnamese government has outlined five key actions to support its blockchain goals:

  • Improving the legal environment
  • Building blockchain infrastructure
  • Developing human resources
  • Promoting research and international cooperation
  • Encouraging the growth of blockchain applications

Various ministries, including the Ministry of Information and Communications, will oversee these initiatives.

To achieve these objectives, Vietnam plans to encourage collaboration among digital technology companies to build blockchain platforms and enhance the competitiveness of local firms in the global market. The Vietnam Blockchain Association will play a key role in leading initiatives to promote blockchain development under the strategy.

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