Vietnam announces blockchain strategy, aims to lead Asia by 2030

The Vietnamese government has launched the National Blockchain Strategy, targeting legal frameworks, infrastructure and innovation to strengthen the blockchain ecosystem by 2030.

Vietnam officially launched its National Blockchain Strategy on October 22, aiming to become a leader in blockchain technology across Asia by 2030. The strategy outlines key steps for Vietnam to develop blockchain platforms, products and services within the country, and aims to create 20 reputable blockchains. Blockchain brands by 2025.

“Vietnam will be a leading country in the region and will have an international position in researching, distributing, applying and using Blockchain technology.”

Vietnam’s National Blockchain Strategy

Indonesia recently replaced Vietnam and entered Chainalytics’ global crypto adoption index for the first time, ranking third behind India and Nigeria.

The main goal of the strategy is to establish at least three blockchain test centers in major cities to support blockchain development and application. These centers will ensure security, foster innovation and create a national blockchain network.

Vietnam’s five blockchain targets

The Vietnamese government has identified five key actions to support blockchain goals: improving the legal environment, building blockchain infrastructure, developing human resources, promoting research and international cooperation, and promoting the growth of blockchain applications.

Various ministries, including the Ministry of Information and Communications, will oversee these initiatives.

To achieve these goals, Vietnam plans to promote cooperation between digital technology companies to create blockchain platforms and increase the competitiveness of local firms in the global market.

The Vietnam Blockchain Association will play a key role in leading initiatives to promote blockchain development under the strategy.