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Cryptocurrency News Articles
Vietnam Unveils National Blockchain Strategy, Aiming to Become a Regional Leader by 2030
Oct 24, 2024 at 12:19 pm
Vietnam introduced its National Blockchain Strategy, outlining ambitious goals for technological innovation. Approved by Deputy Prime Minister Ho Duc Phoc
Vietnam has unveiled its National Blockchain Strategy, setting ambitious targets for technological innovation in the country. Approved by Deputy Prime Minister Ho Duc Phoc and issued under Decision No. 1236/QD-TTg, the strategy outlines the importance of blockchain in the Fourth Industrial Revolution.
The plan aims to enhance digital infrastructure, strengthen data security, and drive growth in the digital technology industry. It also sets the goal for Vietnam to become a regional leader in blockchain by 2030.
The strategy sets the goal for Vietnam to become a regional leader in blockchain development by 2030. The government plans to establish 20 recognized blockchain brands for platforms, products, and services. Furthermore, Vietnam will maintain three blockchain testing centers or special zones across major cities, forming a national blockchain network. The country also aims for representation among the top 10 blockchain training and research institutions in Asia.
The plan's broader vision includes developing a strong legal environment, enhancing infrastructure, and fostering a blockchain ecosystem. It also emphasizes human resource development, research, innovation, and international collaboration. These efforts will pave the way for a globally competitive blockchain industry.
Vietnam's action plan for the blockchain sector comprises five major initiatives. Firstly, it will clarify the legal framework by creating clear regulations for blockchain applications. Secondly, the government will build a comprehensive blockchain ecosystem, encouraging collaboration between the public and private sectors. Thirdly, the plan prioritizes training a skilled workforce to drive blockchain innovations.
Moreover, the government aims to promote research and the application of blockchain technology. This will involve collaborating with local enterprises and global institutions to enable technology transfer and knowledge sharing. The plan also prioritizes international cooperation and will foster partnerships with leading blockchain nations.
The Vietnam Blockchain Association (VBA) will be at the forefront of implementing this strategy. The VBA will develop “Made in Vietnam” blockchain platforms, prioritizing domestic innovation. It will also establish operational mechanisms for various blockchain networks using Vietnam's infrastructure.
The association will bring together local tech firms to foster collaboration and competitiveness. It will work to establish global partnerships, ensuring Vietnam's blockchain industry meets international standards. The VBA emphasizes transparency, safety, and sustainability, aligning with the government's goals.
The National Blockchain Strategy highlights Vietnam's commitment to a digital economy. It aims to use blockchain to build trust in digital transactions, enhance data security, and support technological innovation. The strategy is intended to boost Vietnam's competitiveness regionally and globally.
Furthermore, the government expects blockchain adoption to stimulate economic growth, improve public services, and create new job opportunities. Successful implementation of this strategy will establish a strong foundation for a more advanced digital society by 2030.
The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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