A press conference took place in Hanoi on May 28 to introduce the Vietnam Blockchain Summit, themed “from technology to policy”, which was slated for June 8.

Scene at the press conference on the upcoming Vietnam Blockchain Summit

Nguyen Huu Tuan from the Ministry of Industry and Trade’s department of e-commerce and digital economy said alongside automation, artificial intelligence, and Internet of Things, blockchain technology will contribute significantly to the building of a digital economy and the 4.0 industrial revolution.

He said the technology has drawn interest from public agencies and businesses in recent years, as it helps improve the quality of logistics and origin tracing, and implement e-governance services.

Nguyen Thanh Hung, Chairman of the Vietnam E-commerce Association (VECOM), stressed the summit aims at discussing blockchain-related policy, research and application within a strategy for the development of a digital economy.

According to him, following discussions on blockchain application in logistics and origin tracing of farm produce, building a legal framework and policy around the technology will be tabled.

The Vietnam Blockchain Summit is the biggest annual forum on legal and policy building for blockchain technology.

Vietnam is now one of the fastest-growing economies, fuelled by growing young population with a high rate of smart phone usage and large batches of IT graduates each year. In Southeast Asia, Vietnam has been dubbed “the Blockchain country to watch” thanks to the country’s high-tech literacy and abundant engineering resources.-VNA