A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for the research and development of blockchain solutions.
Vietnam Expands Implementation of Blockchain Technologies
Vietnam Blockchain Association, the first such entity in the country’s crypto space, was launched in the capital city Hanoi on Tuesday, when it held its first congress. The new body’s main purpose is to allow blockchain experts to join forces in promoting the development of Vietnam’s digital economy and help the Asian nation to find its place on the global tech stage.
The association will be tasked to expand relationships with similar organizations and communities around the world, Việt Nam News reported. Another key objective will be to attract investment for the country’s blockchain industry and provide training for human resources in the digital sector.
The committee will be charged with creating favorable environments for members to exchange experience and resources in the development, testing and deployment of Blockchain technologies, while adhering to relevant Vietnamese laws.
According to a statement by the organization’s chairman, Hoàng Văn Huây, the Vietnam Blockchain Association is committed to raising community awareness and advising the government on the development and adoption of standards and regulations to govern the offering of blockchain-based products and services.
VNS stated that the Ministry of Home Affairs made the decision to create the association. Vietnam has focused on the development of blockchain-based applications that could be applied in many areas such as retail, finance and logistics. The development of solutions that could bring about socio-economic advantages has also been supported by Vietnamese authorities.
Vietnam Blockchain Association is now in operation as Hanoi takes measures to provide a legal environment for cryptocurrency. Bitcoin.com News reported that Le Minh Khai, the Vietnamese Deputy Prime minister, has given instructions to several ministries to collaborate with the State Bank of Vietnam in the creation of the new framework.
What do you think Vietnam will do to increase its investment in blockchain technology? Please leave your comments below.
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