Vietnam has unveiled its ambitious National Strategy on the Application and Development of Blockchain Technology to 2025, with a Vision to 2030, following the signing of Decision No.1236/QD-TTg by Deputy Prime Minister Ho Duc Phuc. The strategy aims to position Vietnam as a leading regional and global player in blockchain technology. The overarching objective is to build a robust national blockchain infrastructure that is legally compliant and capable of innovating across all socio-economic fields, helping transform Vietnam into a stable and prosperous digital nation.
Foundational Development and Regulatory Support
One of the key components of the strategy is the establishment of a comprehensive foundation for blockchain technology development in Vietnam. This involves ensuring that the country’s blockchain infrastructure is both secure and legally compliant. The government plans to set up state-of-the-art blockchain systems that can innovate and adapt across all sectors, creating an environment where blockchain applications can thrive. Moreover, the strategy also focuses on guaranteeing interoperability among various blockchain systems, making it easier for different platforms to work together seamlessly.
The government’s commitment to fostering blockchain innovation is further emphasized through the support of state management for blockchain initiatives. This will involve building three national innovation centers dedicated to advancing blockchain technology by 2025. These centers will play a crucial role in conducting cutting-edge research and development activities. Additionally, the government aims to upgrade or establish 10 research and training institutions to create a highly skilled workforce. By creating an ecosystem where blockchain technology can flourish, Vietnam is laying the groundwork to become a global leader in this field.
Sector Integration and the "Blockchain+" Ecosystem
A vital element of Vietnam’s blockchain strategy is the development of a "Blockchain+" ecosystem. This initiative aims to integrate blockchain technology across diverse sectors, including finance, healthcare, education, logistics, energy, and agriculture. Vietnam’s government envisions that by 2030, the national blockchain infrastructure will be robust enough to offer services on both a domestic and international scale. This will involve setting standards for blockchain application and development, ensuring that all sectors can benefit from the technology’s potential.
Moreover, the strategy seeks to create approximately 20 reputable blockchain brands that will be recognized regionally and globally. This ambition highlights Vietnam’s dedication to not only advancing blockchain technology within its borders but also exporting its expertise and innovations worldwide. The country plans to establish at least three blockchain pilot zones in major cities. These pilot zones will prioritize experienced local blockchain networks, fostering a national network that can eventually scale globally. By focusing on sectoral integration and creating a conducive environment for blockchain growth, Vietnam aims to establish itself as a pioneer in the global blockchain landscape.
Enhancing the Legal Framework for Blockchain
The strategy details several measures to enhance the legal framework, creating a supportive environment for blockchain development in Vietnam. This includes a thorough review of current legal impacts and the development of policies and standards that will guide the blockchain industry. Ensuring interoperability and encouraging information sharing among participants are key aspects that the government aims to address. By doing so, Vietnam plans to foster a more collaborative and integrated blockchain ecosystem.
Central to the government’s approach is the focus on "Make-in-Vietnam" blockchain platforms and the creation of a unified mechanism for managing and exploiting blockchain networks. This initiative not only aims to boost local innovations but also to establish a cohesive framework that can support the long-term growth of blockchain technology within the country. With a robust legal framework and a strategic focus on local platforms, Vietnam is well-positioned to advance its blockchain agenda and achieve its 2030 vision.
Research, Innovation, and Vietnam’s Digital Future
Vietnam has launched its ambitious National Strategy on the Application and Development of Blockchain Technology to 2025, with a Vision to 2030. The strategy was set in motion following the signing of Decision No.1236/QD-TTg by Deputy Prime Minister Ho Duc Phuc. Aimed at transforming Vietnam into a global and regional leader in blockchain technology, the plan seeks to establish a robust and legally compliant national blockchain infrastructure. This will not only promote innovation across all socio-economic sectors but also help transition Vietnam into a stable and prosperous digital nation.
In alignment with global advancements, Vietnam’s strategic plan emphasizes the importance of blockchain in revolutionizing various industries, including finance, healthcare, logistics, and public services. By fostering an environment conducive to blockchain growth, the nation intends to attract international investment and collaboration. Moreover, the strategy underscores the need for skilled professionals and stringent regulations to ensure the secure and effective implementation of blockchain technologies. Through these efforts, Vietnam aims to become a hub for technological innovation and digital transformation by 2030.