Vietnam releases national blockchain strategy covering five areas including legal environment, infrastructure, etc.

Vietnam recently officially released its new national blockchain strategy, which was signed by Deputy Prime Minister Ho Duc Phoc and outlines a comprehensive plan to develop Vietnam's blockchain ecosystem and harness the potential of the technology. The strategy sets goals for Vietnam to achieve by 2030, including building 20 Vietnamese blockchain brands on platforms, products and services, establishing at least three blockchain testing centers or special zones in major cities to create a national network, and making Vietnamese institutions among the top 10 in Asia for blockchain research and training. To achieve these goals, the strategy outlines five key areas of action: First, improve the legal environment, establish clear and unambiguous regulations, promote innovation, and reduce risks; Second, develop infrastructure and build a strong blockchain infrastructure to support industry development; Third, cultivate a skilled blockchain workforce through education and training programs and invest in human resource development; Fourth, promote the development and application of blockchain technology in various fields; Fifth, promote innovation and international cooperation by supporting research and development programs and working with international partners. The strategy also recognizes the important role of the Vietnam Blockchain Association (VBA) in promoting the "Blockchain Made in Vietnam" brand, which will be responsible for developing the Vietnam Blockchain Platform and promoting cooperation within the industry. (Cryptonews)