The Vietnamese government has approved a comprehensive blockchain development strategy aimed at positioning the country as a leader in the sector within Southeast Asia, according to Vietnam.vn.

Key Objectives of the Strategy:

Establish 20 leading brands in blockchain products and platforms.
Support the operation of three national experimental centers with plans to build a national blockchain network.
Achieve a top-10 regional ranking for Vietnam in blockchain-focused educational and research institutions.

“Blockchain is listed as one of the key technological areas of the Fourth Industrial Revolution, contributing significantly to building digital infrastructure and ensuring data security,” the government stated.

Strategic Directions:

To achieve these goals, the strategy outlines several initiatives:

Enhancing Legislation: Development of laws and regulations to support blockchain adoption.
Infrastructure Development: Establishing a robust blockchain ecosystem.
Workforce Training: Preparing skilled professionals for the blockchain sector.
Technology Promotion: Encouraging the development and deployment of blockchain solutions.
International Collaboration: Advancing research and innovation through global partnerships.

Each initiative has been assigned to specific government agencies, underscoring Vietnam’s commitment to advancing the blockchain industry.

Broader Context

Vietnam currently ranks fifth in the global cryptocurrency adoption index by Chainalysis, joining countries like Ukraine and Russia in the top 10.