Blockchain – a new technology for Vietnam’s digital economy | Business


Blockchain – a new technology for Vietnam’s digital economy hinh anh 1The Vietnam Blockchain Association and Binance officially sign co-operation agreement on the exchange of research/application of Blockchain Technology and Human Resource Training in Vietnam. (Photo courtesy of the association)

Hanoi (VNS/VNA) – Vietnam
is not only an exciting market for the application of Blockchain technology in
the digital era, but also one of the leading countries in encouraging research
and application of new technology in everyday life.

That was the message
from the “Vietnam NFT Summit – Solutions For A New Era” solution held in
Hanoi on June 4.

Ngo Duc Thang, Director of the
Government Cipher Committee, said that blockchain is one form the digital
technology on the list of priorities for research, development and application
for the 4th Industrial Revolution, according to Decision No 2117/QD-TTg signed on
December 16, 2020, by the Prime Minister.

Digital transactions through
blockchain would be promoted in many fields such as banking services,
industrial production, energy, agriculture, healthcare, retail and consumption.
In particular, blockchain can be applied to the public sector.

This technology will affect
many aspects of daily life and global business whether we realise it or not,
and the investment opportunities coming from blockchain technology will be
tremendous.

Thang said: “In the future, the
Government will continue to facilitate, encourage and promote businesses to
proactively accelerate the digital transformation process in which blockchain
technology is the mainstay. It is expected that by 2030, blockchain will create
40 million jobs, and 10 – 20 percent of the global economic infrastructure will
run on blockchain technology systems.”

Changpeng Zhao, CEO of Binance
– the world’s leading Blockchain development technology corporation, said
blockchain is a new technology for the digital economy. How countries adopt
this technology today will profoundly impact the future of the local economy
and the world at large. More and more countries are showing their determination
to grasp and adequately apply blockchain technology to everyday life.

Zhao said: “I think that clear
and effective regulation is essential for blockchain to be applied in every
corner of life, not just cryptocurrencies, DeFi or NFT.”

Zhao added that Binance is
continuously licensed to operate in France, Italy, Abu Dhabi, Bahrain, and
Dubai which is concrete evidence of the company’s compliance with local
regulations at all times.

He said: “Today, along with the
active activities of the Vietnam Blockchain Association, I pledge that Binance
will always comply with Vietnamese laws and put users first. Therefore,
Vietnamese users in particular and users worldwide believe that Binance’s
platform is one of the most secure and reliable in the world.”

The Vietnam Blockchain
Association and Binance officially signed a cooperation agreement on the
exchange of research/application of Blockchain Technology and Human Resource
Training in Vietnam to promote the development of blockchain technology and
build a bridge with other significant technology corporations around the world.

Phan Duc Trung, Vice President
of Vietnam Blockchain Association, hopes that the agreement will bring value to
the business community in Vietnam, creating a workforce mastering high
technology and contributing policy advice to the State’s management agencies.

He said: “We believe that
this is one of the proper steps, following the direction of the Vietnamese
government towards a digital government, a digital economy, bringing
sustainable growth values for a prosperous Vietnam. 

“In its role, the association
connects and gathers the blockchain community in the country and builds a
bridge to bring Vietnamese products to the world and attract more international
resources to Vietnam. The Association will also promote personnel training and
attract international investment into Vietnam.”

Vietnam NFT Summit – Solutions
for A New Era” was a part of a series of exchange events for
research/application of blockchain Technology and Human Resource Training in Vietnam
and worldwide between Binance and the Vietnam Blockchain Association. The
programme includes discussion panels, signing cooperation and exchange
agreements, and various networking activities for the enterprises applying and
growing blockchain in Vietnam and discourse activities and signing exchange
agreements.

On April 27, the Vietnam
Blockchain Association was officially launched to promote the development of
the blockchain industry and technology and be a bridge for businesses, with the
desire to encourage technology application and contribute to the national economic
growth.

The Vietnam Blockchain
Association became the first official legal entity to gather enthusiasts for
blockchain technology research and application throughout Vietnam. One of the
central goals of the Association is to promote the digital economy and bring
Vietnam to the international level in the digital economy./.





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