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BlockNews
Home CRYPTO

The Truth Behind Vietnam’s National Blockchain Strategy

Michael Juanico by Michael Juanico
October 23, 2024
in CRYPTO
Reading Time: 3 mins read
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  • Vietnam has released a National Blockchain Strategy aimed at developing the country’s blockchain capabilities, establishing legal frameworks, and promoting innovation.
  • The strategy outlines five key action areas, including perfecting the legal environment, developing blockchain infrastructure and ecosystem, building human resources, promoting blockchain development and application, and fostering research, innovation, and international cooperation.
  • The strategy aims to establish 20 blockchain brands, at least three testing centers in major cities, and legally recognize digital assets by aligning with international standards.

The Ministry of Information and Communications (MIC) in Vietnam has officially released a new National Blockchain Strategy. The ambitious plan outlines several key objectives to develop Vietnam’s blockchain capabilities by 2025.

JUST IN: 🇻🇳 Vietnam has officially launched its National Blockchain Strategy 🚀

Aiming to:

– Build a robust blockchain ecosystem

– Enhance legal frameworks

– Promote innovation in the digital space pic.twitter.com/l8wcbBHidc

— BlockNews.com (@blocknewsdotcom) October 23, 2024

Legal Frameworks and Regulation

A crucial part of the strategy is establishing a clear legal framework and regulation around blockchain technology and digital assets. This includes formally recognizing and defining digital assets under civil law. By aligning with international standards, Vietnam aims to strengthen its blockchain industry while preventing illicit activities.

Blockchain Infrastructure and Innovation

Another central goal is developing Vietnam’s blockchain ecosystem by building blockchain platforms, products and services. The government plans to establish blockchain testing centers to create a national blockchain network. These centers will play a key role in developing and deploying blockchain applications while promoting innovation.

en.vneconomy.vn

Human Capital and International Cooperation

The strategy emphasizes developing human resources and talent for the blockchain field. This includes training programs and educational initiatives. Additionally, it promotes research, international cooperation and knowledge sharing with global partners.

www.altcoinbuzz.io

Accelerating Blockchain Adoption

Overall, Vietnam’s National Blockchain Strategy demonstrates an ambitious vision to boost innovation and build a thriving blockchain industry. By laying the groundwork across regulations, infrastructure and human capital, it aims to accelerate blockchain adoption and cement itself as a regional leader.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BlockchainBlockchain TechnologyMICNational Blockchain Strategy
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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