The Vietnamese government has released a detailed roadmap aimed at positioning the country as a leading hub for blockchain technology. The roadmap includes a five-step action plan that will bring legal reforms and establish international cooperation for blockchain research and development. According to government estimates, if the plan is strictly implemented, Vietnam could become the center of blockchain innovation in Southeast Asia by 2030.
Over the next seven years, Vietnam plans to incubate 20 blockchain brands under the “National Blockchain Strategy” to cater to a variety of service and operational departments.
To achieve this, Vietnam will work hard to train and create human resources in this rather new technology. In addition, the authorities will set up a network of blockchain testing centers nationwide.
The roadmap developed by Vietnamese officials outlines the establishment of a blockchain industrial ecosystem and facilitates blockchain solutions across departments.
Vietnam, the Ministry of Education and Training Information and Communications and the Ministry of Science and Technology have been involved in playing a crucial role in the implementation of these plans. The Vietnam Blockchain Association will also work with these government departments to accelerate distributed ledger technology (DLT).
According to a report by Dangcongsan.VN, the plan has been finalized by Vietnamese Prime Minister Pham Minh Chinh.
“The Prime Minister’s recent release of the national blockchain strategy is an important milestone in the blockchain space, demonstrating the government’s commitment and concrete actions and the community’s efforts to promote a transparent, secure and sustainable digital economy,” the report quotes Vietnamese District said Phan Duc Trung, vice president of the Blockchain Association.
This development followed shortly after Vietnam formally adopted digital assets as a form of intangible property, and granted legal protections under the newly introduced legal framework.
In May, Vietnam also launched a blockchain and AI academy and plans to train emerging technologies for one million residents.
