Vietnam officially unveiled its National Blockchain Strategy with the issuance of Decision 1236/QD-TTg on October 23, 2024. This comprehensive strategy outlines Vietnam’s ambitious vision to establish itself as a regional leader in blockchain research, deployment, and application by 2030.
The government has introduced an action program for 2024-2030, focusing on five key areas:
Developing a robust legal framework for blockchain technologies.
Establishing infrastructure to support a blockchain industry ecosystem.
Building a skilled workforce specializing in blockchain.
Promoting blockchain adoption across sectors.
Encouraging research, innovation, and international cooperation.
By 2025, Vietnam aims to develop 20 blockchain brands and set the foundation for a comprehensive blockchain infrastructure. By 2030, the country plans to create at least three blockchain testing centers in major cities to support blockchain development and application. Vietnam also seeks to position its educational institutions among Asia’s top 10 blockchain research hubs, demonstrating its long-term commitment to fostering expertise in this field.
Central to the strategy is the creation of a clear and globally aligned legal framework for blockchain and digital assets. By 2025, Vietnam intends to legally classify digital assets as intangible property, ensuring protections under civil and intellectual property laws. This regulatory clarity will provide businesses with a stable environment for blockchain-based products and services while addressing critical issues such as money laundering and terrorist financing. To achieve these objectives, the government will encourage collaboration among digital technology companies to develop competitive blockchain platforms, aiming to strengthen Vietnam’s position in the global market.
The strategy’s implementation will involve key ministries, led by the Ministry of Information and Communications. The Vietnam Blockchain Association (VBA) will play a vital role, focusing on the development of “Made in Vietnam” blockchain platforms and frameworks to enhance interoperability within the national infrastructure.
