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 to Expand Implementation of Blockchain Technologies
The Vietnam Blockchain Association, the first such entity in the country’s crypto space, was launched in the capital Hanoi on Tuesday, when it held its first congress. The main goal of the new body is to enable blockchain experts to join forces to promote the development of Vietnam’s digital economy and help the Asian nation find its place on the global tech scene.
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.
According to a statement by the organization’s chairman, Hoàng Văn Huây, the Vietnam Blockchain Association is committed to raising awareness in the community and advising the government on the development and adoption of standards and regulations to govern the supply of blockchains. blockchain-based products and services.
The decision to establish the association comes from the Ministry of Home Affairs, VNS noted. Vietnam has been focusing on researching blockchain applications which can be deployed in many industries such as finance, logistics, and retail. Vietnamese authorities have also supported the development of blockchain solutions that can bring socio-economic benefits.
The Vietnam Blockchain Association begins operations as the Hanoi government takes steps to create a legal framework for cryptocurrencies. As Bitcoin.com News reported in March, Vietnamese Deputy Prime Minister Le Minh Khai has instructed several ministries to work with the State Bank of Vietnam on the new framework.
