Officially unveiling a thorough national blockchain strategy, Vietnam aims to position itself as a leader in blockchain technology across Southeast Asia. Revealed on October 23 by the Ministry of Information and Communications (MIC), this plan presents a vision for strengthening the blockchain capacities of the nation.
As part of what is sometimes known as the “Fourth Industrial Revolution,” the main objective is to use blockchain technology to stimulate invention. The government has identified five key areas of focus, including legal frameworks, the construction of necessary infrastructure, and international cooperation, which will aid in achieving this goal.
The plan calls for the MIC and the Vietnam Blockchain Association, among other government agencies, to supervise five primary goals. These goals comprise:
Establishing a favorable legal framework to enable blockchain technology would improve the legal environment. Establishing at least three testing centers in major cities and developing 20 different blockchain brands helps create a strong blockchain industrial ecosystem. Improving the skill sets of blockchain specialists will help them satisfy industry expectations.Blockchain Promotion: We support the implementation and evolution of blockchain solutions in various sectors.Research and International Cooperation: Fostering creativity and teamwork with foreign partners is crucial to stay ahead in the blockchain industry.A key component of this approach is the legal acknowledgement of digital assets. The government wants to formally control digital assets in order to fight problems including terrorist financing and money laundering. Vietnam is laying high expectations to strengthen its blockchain industry by matching global norms.
With this strategic project, Vietnam aims to build a dynamic blockchain ecosystem that not only improves its technology scene but also presents it positively as a regional blockchain leader.
