Vietnam is positioning itself as a leader in the blockchain revolution with the release of its National Blockchain Strategy. The Ministry of Information and Communications (MIC) unveiled this ambitious plan on October 23, highlighting the country's intent to advance blockchain technology and play a major role in the Fourth Industrial Revolution.

The strategy sets out five key goals. These include perfecting legal frameworks, building blockchain infrastructure, developing talent, and fostering research, innovation, and international partnerships. Vietnam aims to create a thriving blockchain ecosystem, supported by government agencies such as the MIC and the Vietnam Blockchain Association.

A central focus is the development of blockchain infrastructure. Vietnam plans to launch 20 blockchain brands covering platforms, products, and services. Additionally, the government intends to establish at least three testing centers in major cities, which will be critical to building a secure and innovative national blockchain network.

Another key aspect of the strategy is the legal recognition of digital assets. The government seeks to regulate digital assets to prevent money laundering, terrorism financing, and the spread of weapons of mass destruction. By aligning with global standards, Vietnam is solidifying its commitment to creating a strong, legally recognized blockchain industry.

Vietnam’s blockchain strategy positions the country to become a regional leader, with plans to expand its technological capabilities and promote blockchain as a key driver of innovation and economic growth.