The Vietnamese government has launched a strategy to make the country a leader in blockchain technology by 2030. Deputy Prime Minister Ho Duc Phoc signed the strategy on October 22. The plan outlines steps for developing a blockchain ecosystem, boosting research, and attracting international collaboration. It will be fully implemented by 2025.
- Establishing a legal framework to support blockchain growth.
- Building a compliant blockchain ecosystem.
- Developing human resources for the blockchain sector.
- Fostering innovation and international cooperation.
Vietnam Blockchain Strategy
Vietnam aims to use blockchain to transform its digital economy. The plan includes creating testing centers and economic zones to support blockchain startups. The Vietnam Blockchain Association (VBA) will play a major role in promoting local networks and platforms. Phan Duc Trung, VBA’s vice president, called this effort crucial for a “transparent, safe, and sustainable digital economy.”
The strategy also aligns with efforts to regulate the crypto sector. Vietnam, one of the world’s top crypto adopters, is working on laws for digital assets. The Ministry of Finance is expected to finalize these by 2025. This will help combat financial crimes, such as money laundering, which put Vietnam on the Financial Action Task Force’s grey list in 2023.
Vietnam’s blockchain strategy aims to build 20 reputable blockchain brands and launch at least three testing centers. These steps position the country to become a key player in Southeast Asia’s blockchain and digital economy transformation.
