- 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.
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.
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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.
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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.