Bright future for Vietnam blockchain industry: Globe Newswire
Blockchain technology is booming in Vietnam and a bright future lies ahead for the industry, according to US-based Globe Newswire, one of the world's largest newswire distribution networks, specialising in the delivery of corporate press releases, financial disclosures and multimedia content to media, investors, and consumers worldwide.
An overview of Vietnam Blockchain Expoverse in Dubai. (Photo: globenewswire.com)
Hanoi (VNA) - Blockchain technology is booming in Vietnam and a bright future lies ahead for the industry, according to US-based Globe Newswire, one of the world's largest newswire distribution networks, specialising in the delivery of corporate press releases, financial disclosures and multimedia content to media, investors, and consumers worldwide.
🦂 Globe Newswire said that many Vietnamese enterprises attended the Vietnam Blockchain Expoverse, held in Dubai on March 27. The event was an opportunity for blockchain enthusiasts and companies to share their experiences and views on blockchain’s vision, potential, challenges and technology applications.
Gwendolyn Regina, Investment Director of BNB Chain Fund, said that Binance Chain had experienced rapid growth in the last year. Blockchain technology was widely applied, especially to Defi (Decentralised Financed).
She predicted that the interference of Defi, GameFi, and NFT will appear in the next five years. Tokens will be a valuable long-term asset in the future instead of just being a currency or a means of trading. It is currently known as a digital asset that is issued and operated on a blockchain platform of available projects without owning its own blockchain.
Meanwhile, James Wo forecast that blockchain technology would be even more common, with the market expanding ten times larger. The number of users will be as many as the number of Internet users.
According to Lynn Hoang, Binance SEA Director, Binance is also making efforts to promote the development of blockchain technology in Vietnam She said Vietnam will soon become the frontrunner in the global blockchain industry. The country is in the top 10 on Binance for various aspiring blockchain projects and products that attracted attention from the global community.
Tran Dinh, CEO of AlphaTrue, a Vietnamese company specialising in Blockchain products, said Vietnam has abundant human and technology resources and a large blockchain community.
🌌 According to him, Vietnam has advantages to become a potential land for blockchain projects, such as diverse choices and low costs. However, he also acknowledged that challenges lie ahead namely human resources, infrastructure and policy. Therefore, Vietnamese blockchain businesses urgently need the support of the government and large corporations./.
The Ministry of Information and Communications, on August 13, held a ceremony to debut the akaChain blockchain platform, as part of a programme introducing “Make in Vietnam” digital platforms.
Vietnamese teams earned three out of the 11 prizes offered at the recently concluded 2021 International Blockchain Olympiad, announced the Ministry of Science and Technology on October 12.
A workshop took place in Ho Chi Minh City on March 30 to discuss the potential multi-industry application of blockchain technology and the feasibility of integrating blockchain technology into information technology systems.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
An overview of Vietnam Blockchain Expoverse in Dubai. (Photo: globenewswire.com) 
