Vietnam aim to bolster the research and application of blockchain technology solutions to every economic aspect.

According to Decision No. 343/QD-BNV approved by the Vietnamese Ministry of Home Affairs on April 27th, 2022, Vietnam Blockchain Association was established. It became the first organization with a legal entity for blockchain technology researchers and product developers in Vietnam.

The Inaugural Ceremony was held on May 17th, 2022 in Hanoi. It marked the official start for the Association, announced its official Executive Committee, and the principles and the directions for future activities. The focus of the event was on the series of Action Programs that promote blockchain technology’s application in a digital economy and leverage Vietnam’s position on the global technology map. The Action Programs aim to bolster the research and application of blockchain technology solutions to every economic aspect.

Vietnam Blockchain Association’s Inaugural Ceremony

Vietnam has witnessed the rapid introduction and development of Blockchain technology in recent years. As the number of enterprises, researchers, and engineers pursuing the technology increases, the need for connection, collaboration, sharing, and support also increases. Therefore, an official organization with a complete legal entity to adapt to the Vietnamese Blockchain community’s expansion speed and strong development goals is vital.

Vietnam Blockchain Association will bridge the Vietnamese Blockchain community with the Government agencies to build a legal framework for the Blockchain industry, aligning with the nation’s plan to develop a digital economy. At the same time, the Association will be the hub for Blockchain enthusiasts to research, experiment, evaluate, standardize, and foster the application of Blockchain technology in Vietnam. 

Cooperation Announcement Ceremony

The Association’s missions are: To establish and develop a sustainable relationship with global Blockchain organizations and community; to share insights and resources for in-depth research, experiment, and application of Blockchain, as well as developing products and services and conducting business in compliance with Vietnamese law; to attract investment to blockchain industry activities, and develop high – quality human resource in digital technology. 

At the Ceremony, Mr. Tran Van Tung – Deputy Minister of the Ministry of Science and Technology remarked: “Hopefully the Association will utilize its resources for technology and science projects in blockchain so Vietnam can create outstanding products, become an active player in the global blockchain market, and nurture the industry talents for the future.”

Mr. Hoang Van Huay – Vietnam Blockchain Association Chairman, shared the Association’s vision: “Vietnam Blockchain Association is committed to raising the community awareness and providing consultation on building legal framework, regulations, and standards in developing services and products on Blockchain. We hope to see many enterprises and individuals joining us to grow the Association into a strong organization to accelerate the growth of blockchain technology in Vietnam.”

Kathryn Potter
Kathryn Potterhttps://bitscoop.net
I’m a cryptocurrency author and blockchain expert. I have been writing about Bitcoin, Ethereum, and other digital currencies for over 5 years. My work has been featured in major publications such as Forbes, CoinDesk, and Business Insider. I’m a regular keynote speaker at blockchain conferences around the world. In my spare time, I enjoy traveling, playing tennis and spending time with my family and friends.

Recent Articles

Related Stories

bitcoin
Bitcoin (BTC) $ 27,191.29
ethereum
Ethereum (ETH) $ 1,904.35
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 306.26
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.524816
staked-ether
Lido Staked Ether (STETH) $ 1,901.80
cardano
Cardano (ADA) $ 0.377184
dogecoin
Dogecoin (DOGE) $ 0.072603
solana
Solana (SOL) $ 21.16
matic-network
Polygon (MATIC) $ 0.902003
tron
TRON (TRX) $ 0.084068
litecoin
Litecoin (LTC) $ 94.96
polkadot
Polkadot (DOT) $ 5.29
binance-usd
Binance USD (BUSD) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000009
avalanche-2
Avalanche (AVAX) $ 14.58
dai
Dai (DAI) $ 0.999758
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 27,220.29
uniswap
Uniswap (UNI) $ 5.07
leo-token
LEO Token (LEO) $ 3.59
chainlink
Chainlink (LINK) $ 6.44
cosmos
Cosmos Hub (ATOM) $ 10.62
okb
OKB (OKB) $ 46.30
monero
Monero (XMR) $ 147.29
the-open-network
Toncoin (TON) $ 1.75
ethereum-classic
Ethereum Classic (ETC) $ 18.14
stellar
Stellar (XLM) $ 0.092724
bitcoin-cash
Bitcoin Cash (BCH) $ 114.85
filecoin
Filecoin (FIL) $ 4.92
internet-computer
Internet Computer (ICP) $ 4.81
true-usd
TrueUSD (TUSD) $ 0.999845
lido-dao
Lido DAO (LDO) $ 2.29
aptos
Aptos (APT) $ 8.99
quant-network
Quant (QNT) $ 117.16
hedera-hashgraph
Hedera (HBAR) $ 0.050911
arbitrum
Arbitrum (ARB) $ 1.24
crypto-com-chain
Cronos (CRO) $ 0.059354
near
NEAR Protocol (NEAR) $ 1.61
vechain
VeChain (VET) $ 0.019895
the-graph
The Graph (GRT) $ 0.129313
apecoin
ApeCoin (APE) $ 3.12
algorand
Algorand (ALGO) $ 0.152202
the-sandbox
The Sandbox (SAND) $ 0.574855
paxos-standard
Pax Dollar (USDP) $ 1.00
eos
EOS (EOS) $ 0.910262
frax
Frax (FRAX) $ 1.00
rocket-pool
Rocket Pool (RPL) $ 49.26
render-token
Render (RNDR) $ 2.61
elrond-erd-2
MultiversX (EGLD) $ 37.45