Vietnamese Government Releases National Blockchain Strategy, Aims to Establish 20 Leading Brands

The Vietnamese government has officially released the “National Strategy for Blockchain Technology Application and Development by 2025” and the “2030 Vision (National Blockchain Strategy),” defining blockchain as one of the major technological trends of the Fourth Industrial Revolution. The strategy was signed and issued by Deputy Prime Minister Vu Duc Dam.

Strategic Vision

According to the 2030 strategy and vision, Vietnam aims to become a leading country in the region and establish an international position in the research, deployment, application, and development of blockchain technology. Specifically, the government aims to create 20 reputable platforms, products, and service brands based on blockchain technology within the region; to maintain at least three blockchain testing centers or special zones in major cities, forming a national network; and to have representation among the top 10 blockchain training and research institutions in Asia.

In its action plan, the government outlines initiatives in five key areas: the legal environment, infrastructure, human resources, development and application, promoting research and innovation, and international cooperation, to advance Vietnams goal of becoming a leader in the blockchain industry.

First Inclusion of Digital Assets in Legal Framework

On October 8, the Standing Committee reviewed the draft “Digital Technology Industry Law” submitted by the Minister of Information and Communications, marking the first time digital assets have been formally included in legal documents with specific provisions. As an intangible asset, digital assets are recognized under civil law, intellectual property laws, and other relevant regulations, and are legally protected as property rights.

The newly issued “National Blockchain Strategy” holds the highest legal status in Vietnam, reflecting the governments commitment to promoting the application of blockchain technology and leveraging its advantages to achieve the established goals of a digital economy and a digital society.