Vietnam has set its sights on becoming a leader in blockchain innovation by unveiling its National Blockchain Strategy. The goal is to position the country as the top hub for blockchain research, application, and innovation in the region by 2030. This strategy is seen as a crucial step towards building a transparent, safe, and sustainable digital economy.
Phan Duc Trung, the Permanent Vice President of the Vietnam Blockchain Association, believes that this strategy marks a pivotal moment for Vietnam. It demonstrates the government’s dedication to advancing blockchain technology and its potential for future development.
Vietnam’s vision for blockchain technology includes driving research, deployment, and application forward. By 2030, the country aims to establish a strong international presence by nurturing reputable blockchain brands and developing essential infrastructures to support innovation. Additionally, Vietnam plans to position itself as a premier destination for blockchain research and training in Asia.
The strategy also focuses on enhancing the legal framework surrounding blockchain technology and creating a robust industrial ecosystem. Human resource development is a key priority to ensure that Vietnam has a skilled workforce capable of supporting the evolving technology. The country is also looking to boost research and international collaboration to become a major player in global blockchain advancements.
One significant aspect of Vietnam’s strategy is the legal recognition of digital assets. The country intends to align its regulatory framework with international standards to ensure that digital assets are legally recognized and protected as intangible assets. This includes safeguarding these assets under property rights through civil law, intellectual property laws, and other relevant regulations.
Furthermore, Vietnam is committed to preventing money laundering, terrorist financing, and the proliferation of weapons of mass destruction by regulating digital assets according to global standards. This move is not surprising considering Vietnam’s position as one of the top five countries in terms of global crypto adoption.
Overall, Vietnam’s ambitious 2030 strategy for blockchain innovation sets the stage for significant advancements in technology and economic development. By focusing on research, application, and legal recognition of digital assets, Vietnam is positioning itself as a key player in the global blockchain landscape.
