Vietnam Unveils Ambitious Blockchain Strategy for 2030

Vietnam has identified blockchain as a key driver of innovation in the Fourth Industrial Revolution, marking it as a cornerstone for the country's future digital development.

On October 23, Vietnam introduced its National Blockchain Strategy, aiming to establish itself as the leading regional hub for blockchain research, application, and innovation by 2030.

The government views blockchain as a pivotal technology for advancing its digital economy, with Phan Duc Trung, Permanent Vice President of the Vietnam Blockchain Association, calling the strategy a landmark moment. He emphasized the government’s commitment to fostering a transparent, secure, and sustainable digital landscape.

Vietnam’s Blockchain Vision

Vietnam seeks to take a leadership role in blockchain technology, driving forward research, development, and implementation. The strategy sets out to build international credibility by nurturing reputable blockchain enterprises and creating essential infrastructure that supports innovation. By 2030, Vietnam aims to become a premier destination for blockchain research, training, and technological development across Asia.

The strategy includes a multi-faceted approach to accelerating blockchain growth, focusing on enhancing the legal framework, building a robust industrial ecosystem, and fostering talent development. Human resource cultivation is emphasized as a critical element, ensuring the country has the skilled workforce needed to support blockchain’s rapid evolution. Additionally, Vietnam seeks to enhance its global presence by promoting research and international collaboration in blockchain-driven technologies.

Digital Asset Regulation

A key feature of the strategy is the legal recognition and regulation of digital assets. Vietnam plans to align its regulatory framework with international standards, ensuring that digital assets are protected under civil and intellectual property laws. These assets will be treated as intangible property, safeguarded by laws covering property rights and other relevant regulations.

The strategy also outlines the government’s commitment to tackling issues such as money laundering, terrorist financing, and the spread of weapons of mass destruction, ensuring that digital assets are regulated according to global standards. This move aligns with Vietnam’s position as one of the top five countries for global crypto adoption, reflecting the nation's readiness to lead in blockchain innovation.