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Vietnam Blockchain Association officially launches

Hanoi, Vietnam — The Vietnam Blockchain Association held its inaugural ceremony on May 17th, 2021, becoming the first organization with a legal entity that will represent blockchain researchers, business owners and consultants in the whole country.

The inauguration marked the official start of the association and the principles and the directions for future activities. The event’s focus was on the series of Action Programs that promote blockchain technology’s application in a digital economy and leverage Vietnam’s position on the global technology map. The programs aim to bolster the research and application of blockchain technology solutions to every economic aspect

The association’s missions are; to establish and develop a sustainable relationship with global Blockchain organizations and community; to share insights and resources for in-depth research, experiment, and application of Blockchain, to develop products and services and conducting business in compliance with Vietnamese law, and to attract investment to blockchain industry activities, and develop high – quality human resource in digital technology.

Vietnam has witnessed the rapid introduction and development of Blockchain technology. As the number of enterprises, researchers, and engineers pursuing the technology increases, the need for collaboration, sharing, and support with the government agencies also needs to be increased. Therefore, an official organisation with a complete legal entity to adapt to the Vietnamese Blockchain community’s expansion speed and strong development goals is vital.

At the ceremony, Tran Van Tung, deputy minister of the Ministry of Science and Technology, said, “Hopefully the Association will utilize its resources for technology and science projects in blockchain so Vietnam can create outstanding products, become an active player in the global blockchain market, and nurture the industry talents for the future.”

Meanwhile, Hoang Van Huay, chairman of the Vietnam Blockchain Association, shared their vision, commenting, “Vietnam Blockchain Association is committed to raising the community awareness and providing consultation on building legal framework, regulations, and standards in developing services and products on Blockchain. We hope to see many enterprises and individuals joining us to grow the Association into a strong organization to accelerate the growth of blockchain technology in Vietnam.”