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Vietnam Unveils National Blockchain Strategy for Growth

Vietnam aims to enhance its blockchain ecosystem, boosting digital economy and innovation through a comprehensive national strategy.

1 min 20 secOctober 23, 2024

Highlights:

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20 blockchain brands and testing centers planned.

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VBA to lead development and innovation in the sector.

Vietnam Unveils National Blockchain Strategy for Growth

Vietnam is taking significant steps to solidify its position as a leader in blockchain technology with the recent approval of its National Blockchain Strategy. Announced on October 23, 2024, this ambitious plan aims to transform Vietnam into a regional hub for blockchain innovation by 2030.

 

 

The strategy outlines several key initiatives, including the establishment of 20 prominent blockchain brands and the creation of testing centers  in major cities such as Hanoi, Ho Chi Minh City, and Da Nang. These centers will serve as innovation hubs, supporting both startups and established companies in developing and implementing blockchain solutions.

 

To realize these goals, Vietnam recognizes the need to enhance its legal framework and infrastructure while fostering a skilled workforce through targeted training programs. The Vietnam Blockchain Association (VBA) will play a crucial role in driving these initiatives forward, focusing on developing local platforms and promoting collaboration among technology firms.

 

 

Notably, Vietnam ranks 5th in the Chainalysis Global Crypto Adoption Index 2024, reflecting its robust trading activity and growing interest in digital assets. This strategic push not only aims to bolster the country's digital economy but also aligns with global standards for the legal recognition of digital assets, ensuring that Vietnam remains competitive in the fast-evolving blockchain landscape.

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