The strategy includes building blockchain brands, establishing testing centers, and developing human resources.
The Vietnamese government has unveiled a strategy to make the country a leader in blockchain technology in Southeast Asia. The strategy includes building blockchain brands, establishing testing centers, and developing human resources. The government aims to achieve these goals through a five-step action plan, which includes legal reforms, ecosystem development, and international collaboration.
The strategy was unveiled on Oct. 22 and outlines plans to make Vietnam the go-to place in Southeast Asia for blockchain research, deployment, and application. Deputy Prime Minister Ho Duc Phoc reportedly signed and issued the strategy.
The strategy commits the Vietnamese government to building 20 prestigious blockchain brands and maintaining the operation of at least 3 blockchain testing centers. The strategy also seeks to have Vietnamese organizations ranked among the region’s top ten blockchain training and research institutions.
To achieve this, the government’s action program for 2023-2030 proposes five key steps. These include perfecting the legal environment (1) as well as developing and fostering a blockchain ecosystem (2). Creating a pool of human resources for the blockchain industry (3) and promoting blockchain solutions (4) are also among the goals that must be attained. Committing to research and international collaboration to stay ahead in the blockchain space is the fifth goal that Vietnam has committed itself to achieving.
While each of these tasks is assigned to government ministries and agencies, the action program also tasks the Vietnam Blockchain Association (VBA) and associated professional organizations with working on locally based blockchain projects.
Commenting on the VBA’s role, the association’s vice president, Phan Duc Trung, said:
“This is an honor, recognizing VBA’s contributions in the past time to management agencies in gathering opinions and contributions from the community. At the same time with the National Blockchain Strategy, VBA is aware of its responsibility towards this very young but potential industry. We are committed to actively and proactively performing the assigned tasks to promote community development in the direction of research, practical application, and maximizing the benefits of blockchain technology as shown in the national strategy.”
Trung added that the association is confident that blockchain will be widely adopted, culminating in the realization of the government’s goal of a digital economy.
According to the Vietnam VN report, the National Blockchain Strategy, which has the country’s “highest” legal status, demonstrates Vietnam’s commitment to promoting the application of blockchain technology. It also showcases the government’s desire to harness the potential of this advanced technology to achieve its goals for the digital economy and digital society.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.