return icon Vietnamnet.vn

Blockchain – a new technology for the country’s digital economy

Vietnam is not only an exciting market for the application of Blockchain technology in the digital era, but also one of the leading countries in encouraging research and application of new technology in everyday life.
The Vietnam Blockchain Association and Binance officially signed a co-operation agreement on the exchange of research/application of Blockchain Technology and Human Resource Training in Vietnam. — Photo courtesy of the association


That was the message from the “Vietnam NFT Summit - Solutions For A New Era” solution held in Hanoi on Saturday.

Ngo Duc Thang, Director of the Government Cipher Committee said that blockchain is one form the digital technology on the list of priorities for research, development and application for the 4th Industrial Revolution, according to Decision No 2117/QĐ-TTg signed on December 16, 2020, by the Prime Minister.

Digital transactions through blockchain would be promoted in many fields such as banking services, industrial production, energy, agriculture, healthcare, retail and consumption. In particular, blockchain can be applied to the public sector.

This technology will affect many aspects of daily life and global business whether we realise it or not, and the investment opportunities coming from blockchain technology will be tremendous.

Thang said: “In the future, the Government will continue to facilitate, encourage and promote businesses to proactively accelerate the digital transformation process in which blockchain technology is the mainstay. It is expected that by 2030, blockchain will create 40 million jobs, and 10 – 20 per cent of the global economic infrastructure will run on blockchain technology systems."

Changpeng Zhao, CEO of Binance - the world's leading Blockchain development technology corporation, said blockchain is a new technology for the digital economy. How countries adopt this technology today will profoundly impact the future of the local economy and the world at large. More and more countries are showing their determination to grasp and adequately apply blockchain technology to everyday life.

Zhao said: “I think that clear and effective regulation is essential for blockchain to be applied in every corner of life, not just cryptocurrencies, DeFi or NFT.”

Zhao added that Binance is continuously licensed to operate in France, Italy, Abu Dhabi, Bahrain, and Dubai which is concrete evidence of the company's compliance with local regulations at all times.

He said: “Today, along with the active activities of the Vietnam Blockchain Association, I pledge that Binance will always comply with Vietnamese laws and put users first. Therefore, Vietnamese users in particular and users worldwide believe that Binance's platform is one of the most secure and reliable in the world.”

The Vietnam Blockchain Association and Binance officially signed a cooperation agreement on the exchange of research/application of Blockchain Technology and Human Resource Training in Vietnam to promote the development of blockchain technology and build a bridge with other significant technology corporations around the world.

Phan Duc Trung, Vice President of Vietnam Blockchain Association, hopes that the agreement will bring value to the business community in Vietnam, creating a workforce mastering high technology and contributing policy advice to the State's management agencies.

He said: "We believe that this is one of the proper steps, following the direction of the Vietnamese government towards a digital government, a digital economy, bringing sustainable growth values for a prosperous Vietnam. 

“In its role, the association connects and gathers the blockchain community in the country and builds a bridge to bring Vietnamese products to the world and attract more international resources to Vietnam. The Association will also promote personnel training and attract international investment into Vietnam."

“Vietnam NFT Summit - Solutions for A New Era” was a part of a series of exchange events for research/application of blockchain Technology and Human Resource Training in Vietnam and worldwide between Binance and the Vietnam Blockchain Association. The programme includes discussion panels, signing cooperation and exchange agreements, and various networking activities for the enterprises applying and growing blockchain in Vietnam and discourse activities and signing exchange agreements.

On April 27, the Vietnam Blockchain Association was officially launched to promote the development of the blockchain industry and technology and be a bridge for businesses, with the desire to encourage technology application and contribute to the national economic growth.

The Vietnam Blockchain Association became the first official legal entity to gather enthusiasts for blockchain technology research and application throughout Vietnam. One of the central goals of the Association is to promote the digital economy and bring Vietnam to the international level in the digital economy. 

Source: Vietnam News

MORE NEWS

Curbing inflation: the optimal goal of monetary and fiscal policies

Monetary and fiscal policies have been tightened to fight inflation in Vietnam (though it is among the lowest in the world), instead of aiming to recover production and boost growth, which is needed after several years of pandemic.

Businesses seek capital as banks run out of ‘credit quota’

Businesses in many fields have voiced their concerns about the lack of capital from banks.

Businesses complain about customs procedures, import taxes

Businesses still must visit ministries in Hanoi to complete paperwork, which they consider a big waste of time and money. They are also concerned about high import taxes.

Vietnam contributes to International Law Commission

Vietnamese Ambassador Nguyen Hong Thao has pledged to make more contributions to the progress and development of international law, for peace, friendship, cooperation and sustainable development worldwide.

Pencak silat fighter enjoys golden year

Pencak silat fighter Quang Thi Thu Nghia has had amazing year of competition when she has won titles from all competitions that she took part in.

Pop singer to compete at MTV Europe Music Awards

Pop singer Pham Dinh Thai Ngan from HCM City will represent Vietnam at the MTV Europe Music Awards (MTV EMA) 2022.

PM hosts national committee on digital transformation’s third session

Prime Minister Pham Minh Chinh chaired the third meeting of the National Committee on Digital Transformation on August 8 to assess digital transformation pace during the first half of 2022 and devise tasks for the time ahead.

Liem to face off against chess king Carlsen at FTX Crypto Cup

Vietnam’s leading chess player Le Quang Liem has revealed that he will take on Norwegian chess king Magnus Carlsen at the FTX Crypto Cup which is scheduled to take place in Miami, USA, from August 15 to August 21.

Vietnam ranks third overall at ASEAN Para Games 2022

Vietnamese athletes bagged seven more gold medals on August 5, the last competition day of the ASEAN Para Games 2022, retaining their third place in the medal tally.

Corporate bond market struggling with challenges

The size of the corporate bond market is estimated at some VND1,374 trillion, equivalent to 15% of GDP. The Government aims to raise this figure to 20% by 2025.

President requires greater efforts to promote value of Ngoc Linh ginseng

Ngoc Linh ginseng deserves the "National treasure" title, and it is necessary to strongly promote the role of this treasure in improving people's livelihoods, President Nguyen Xuan Phuc said .

EVFTA outpaces CPTPP in preference utilisation rate

The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) during Q1 soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Refusal to issue visas to new VN passport causes problems for travel firms

The rejection of Vietnam’s new passport by some EU member countries is affecting HCM City tourism companies since their customers are unable to travel to those countries.

Vietnam set to scrap COVID quarantine for imported processed seafood

The Ministry of Agriculture and Rural Development has removed COVID-related quarantine requirements for frozen processed seafood products imported for the purpose of reprocessing for export.

HCM City seeks to boost technology transfer from universities

Huynh Kim Tuoc, managing director of Sai Gon Innovation Hub's (SiHub) Start-up Support Centre under the HCM City Department of Science and Technology, affirmed Vietnam holds tremendous potential for technology development
back_to_top