Vietnam Launches National Blockchain Strategy for 2025 and 2030

Vietnam's National Blockchain Strategy: A Pathway to 2030

The Vietnamese government has recently unveiled its ambitious 'National Blockchain Strategy', which details the application and development of blockchain technology that aims to reshape the country's digital landscape by 2025, with a vision extending through 2030.

Objectives of the National Blockchain Strategy

This strategy outlines several key objectives to be achieved within the stipulated timelines:

• Establish 20 reputable blockchain brands across platforms, products, and services within the Asian region.
• Maintain at least three blockchain testing centers or special zones in major cities, creating a cohesive nationwide network.
• Aspire to be represented among the top 10 blockchain training and research institutions in Asia.

Key Stakeholders

To implement the strategy effectively, various stakeholders are involved in leading initiatives:

• Multiple ministries and government branches will participate in execution.
• The Vietnam Blockchain Association is designated to spearhead several critical projects.
• Professional associations and unions will play crucial roles in developing the ecosystem.

Strategic Initiatives

Key initiatives outlined in the strategy include:

• Development of blockchain platforms that are created in Vietnam to enhance local capabilities.
• Establishing mechanisms for the operation, development, interaction, and interconnection among various blockchain networks leveraging Vietnam's infrastructure.
• Encouraging Vietnamese digital technology enterprises to collaborate, co-develop blockchain platforms, promote information sharing, and boost competitiveness against foreign firms.

Final Thoughts

This strategic roadmap is a significant step for Vietnam, positioning itself as a leader in blockchain technology in the region. By fostering innovation and collaboration, the country aims to not only develop its own blockchain solutions but also emerge as a key player in the global digital economy.

As Vietnam moves forward with its National Blockchain Strategy, the ripple effects are anticipated to boost the local economy, enhance technological expertise, and strengthen the overall competitiveness of Vietnamese enterprises in the global market.