At the Inaugural Ceremony on May 17th, 2022, Mr. Vu Chien Thang, Deputy
Minister of the Ministry of Home Affairs, recognized their achievements and
efforts. He shared his expectation:
“The Association is to protect their members’ legal rights and benefits in
researching, establishing standards, developing and applying blockchain
technology in all aspects of society, nurturing the human resource that adapts
well to the global Industry 4.0, and contributing to socio-economic
development.”
Mr. Tran Van Tung, Deputy Minister – Ministry of Science and Technology, also
congratulated the Association and shared that: “We hope that the association
would gather talents to bolster the research and application of blockchain and
play a pivotal role in the national digital transformation and developing the
digital economy.”
Mr. Nguyen Phuong Tuan, Vice Chairman of the National Assembly’s Committee for
Science, Technology and Environment, said: “I have high expectations for what
the association would need to achieve in promoting digital technology
application together with government agencies. Their cooperation with the
National Assembly’s Committee for Science, Technology and Environment in
outlining and developing policies to accelerate the implementation of digital
socio-economy would be crucial.” The National Assembly’s Committee for
Science, Technology and Environment was assigned seven technology-related
legislative tasks. It showed that the Vietnamese government emphasizes
promoting technology in Industry 4.0, heading toward a digital era.
Six objectives of Vietnam Blockchain Association
First, to gather members and utilize resources from Vietnamese blockchain
enterprises and talents for the Association’s mission.
Second, to set member standards – which is essential since Vietnam has not had
a legal framework. Such a framework will benefit Vietnamese blockchain
startups when looking for funding and investment in the future.
Third, to encourage cooperation to exchange professional knowledge.
Fourth, to make blockchain knowledge accessible. Many people are reluctant to
research blockchain because of its complexity and assume that it is all about
crypto and finance.
Fifth, to promote a legal corridor for blockchain technology. Mr. Phan Duc
Trung – Vice Chairman of the Association said: “The Association hopes to help
members understand the legal environment and existing issues in Vietnam to
increase our competitiveness in the region.”
Sixth, international cooperation. The association representative commented
that investment capital in the blockchain field in Vietnam is not much
compared to the world, even though the global environment may not be as
favorable. “There are a lot of chances for international cooperation. With
effective policies, we will see huge investment flowing in,” he said.
Six Action Programmes
The six Action Programmes are the missions that the Association must fulfill.
They will partner with many organizations to hold seminars to find the
direction for each one.
Firstly, holding a Blockchain Summit in Vietnam that would welcome big
corporations and capital investment into Vietnam.
Second, changing the community’s perception of blockchain. Mr. Phan Duc Trung
remarked that limiting blockchain to finance would create the wrong notion
that blockchain is against traditional financial products.
Third, a programme related to Central Bank Digital Currency – CBDC. The
government had some clear directions, but Vietnam is still behind on research
and application. Mr Phan Duc Trung believes that the Association’s members,
who are experts in technology and finance and have experience in designing
solutions for global banks, can be of help.
Fourth, a programme about digital assets. The lack of digital asset
recognition that follows the International Accounting Standards (IFRS) has
legal consequences. Fraud and dispute cannot be resolved with the law.
Meanwhile, blockchain technology can help set directions for digital assets
and the use of IFRS.
Fifth, an enterprise chain programme. Blockchain in enterprises is safer than
a public blockchain and can be used in metaverse, Web3, and even vaccine
research.
Sixth, risk and information management in digital assets. Information security
technology and policies need to go hand in hand to ensure digital asset
security.
The Action Programmes are expected to be aligned with the National Programme
KC- 4.0/19-25 until 2025, focusing on supporting the research, development and
implementation of technology in Industry 4.0, with blockchain technology being
the foremost priority.
Media Contact:
Ms. Quynh Nhu
Email : [email protected]
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https://www.newsfilecorp.com/release/124663
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