return icon

Vietnamese blockchain group explores business opportunities

VietNamNet Bridge - The members of the Vietnamese blockchain community say they have confidence in the strong rise of technology in the future.

VietNamNet Bridge - The members of the Vietnamese blockchain community say they have confidence in the strong rise of technology in the future.


The international Blockchain Week was held in March 2018

During the international Blockchain Week event in early March 2018 in Vietnam, a special session was held with Vietnamese blockchain-based developers. The participants were impressed by Vu Duy Thuc, a well-known name in the blockchain circle. 

Thuc spoke via video stream about a robot he made at Omni Labs. It has a support base of rotating wheels, with the body a pole and the head a tablet. It is used with the elderly.

Thuc, who has a doctorate and is well known in Silicon Valley, talked about AI and robot trends, while other participants presented their research on blockchain technology. 

One speaker was Luu The Loi, who successfully called for $56 million worth of capital for Kyber Network through the issuance of tokens (the products created with blockchain technology) last October.

The members of the Vietnamese blockchain community say they have confidence in the strong rise of technology in the future.

Kyber Network is a trading floor headquartered in the US. According to Loi the new-generation trading floors mitigate the problems that traditional trading floors have. It eliminates intermediaries, and will help reduce the time needed for transactions. 

The trading floor will also ensure high security in comparison with traditional trading floors which hackers have visited many times recently.

At the meeting, Tran Huu Duc, director of FPT Ventures and director of VIISA (Vietnam Innovative Startup Accelerator) introduced a new product, an important tool to support startups’ ICOs.

Another presentation was made by Long Vuong, the co-founder of TomoChain, a platform which provides technical issues related to blockchain. The model is believed to be similar to Chinese A-chain and was introduced at Blockchain Week.

The blockchain platform allows developers to use existing infrastructure to create tokens and smart contracts. TomoChain just had a successful ICO (initial coin offering) in early March and now has a client from the healthcare sector.

Nguyen Hung Nguyen, CIO of NAPAS (National Payment Corporation of Vietnam), said that blockchain technology has great advantages for payments.

"The payment process is very complicated. At NAPAS, real-time payments between banks are relatively stable, but there is still a lot of work to do to ensure that banks have adequate resources to pay and clients receive the money, " he said.

In 2017, NAPAS said it was planning to cooperate with Singapore Bank in blockchain use for money transfer between the two countries.


Blockchain becoming more popular in Vietnam

Vietnamese PhD in blockchain technology predicts big year for cryptocurrency

Thanh Lich


Amid global unrest, VN billionaires incur huge losses

Despite good news about the economy, including high growth rate and low inflation, stock prices have been sliding all over the globe.

Vietnam needs to expand airport network to relieve pressure on infrastructure

Vietnam ranks No.1 on the list of the 25 countries with the fastest post-pandemic recovery of the domestic aviation market.

Binh Duong lures foreign investors with special care

The southern province of Binh Duong has taken the lead for foreign direct investment (FDI) attraction thanks to its methods of taking care of investors.

Securities under pressure from external risks

Although the US Federal Reserve (FED) raised the interest rate in the hope of reducing inflationary pressure, it has come as a shock to see a rise in the core US inflation data, despite falling oil prices.

Unemployment rate falls, workers' incomes increase

According to the General Statistics Office's Report, the labor and employment situation in the third quarter of 2022 continued to recover.

The most expensive birds in Vietnam

Red-whiskered bulbs (Pycnonotus jocosus) with original colors are priced at VND500 million and tiny chickens with original colors sell for thousands of USD.

Drinks from dracontomelon: A popular heat-relieving drink in Hanoi

Sweet drinks made from ‘sau’, a fruit which is known scientifically as Dracontomelon, are a popular heat-relieving drink in Hanoi during the hot summer.

1,000 authors with doctoral degree or higher compiled textbooks for new academic year

As many as 1,574 authorities participated in compiling textbooks for six grades in accordance with the new general education program issued in 2018.

Expectations positive for growth trajectory

The Vietnamese economy has been gradually bouncing back thanks to the government’s major efforts to curb the pandemic and remove obstructions to progress for enterprises.

Law on Pharmacy needs to be amended

The lack of medicine at public hospitals has caused concern among the public. The Prime Minister has instructed the Ministry of Finance (MOF) and relevant ministries to find solutions to resolve the problem.

FIEs seek streamlined workforce policy

The human resources of Vietnam are improving to meet the demand of foreign-invested enterprises. However, they may require stronger policies on visas to enhance performance and transfer high technologies to Vietnam

US investors display confidence in Vietnam

Vietnam and the United States are seeking ways to increase their investment and trade ties, with the latter pledging to support the latter in education, training, and the energy transition.

Entrepreneurs blaze a trail in the city

Die-hard entrepreneurs are re-inventing themselves to solve business problems and find their niches in Ho Chi Minh City.

VN ranks 48th in Global Innovation Index 2022

Vietnam ranked 48th among the 132 economies featured in the Global Innovation Index 2022 (GII 2022).

Outstanding policies take effect in October 2022

A string of new policies on higher vehicle registration fee, termination of compulsory unemployment insurance premium, electronic identification and authentication and cybersecurity come into effect in October 2022.