National Blockchain Strategy aims for Vietnam to become one of the regional leading nations in blockchain development by 2030

According to the Vietnam Government Portal, Deputy Prime Minister Ho Duc Phoc signed decision no. 1236/QD-TTg, annoucing the Vietnam National Strategy for the Development and Application of Blockchain Technology through 2025, with orientations toward 2030.

The strategy seeks to elevate Vietnam to the forefront of blockchain innovation in the region and secure a position on the international blockchain landscape by 2030. This is a significant step forward, showcasing the government's clear vision for the development of blockchain technology.

Objectives of Vietnam’s National Blockchain Strategy for 2025

As Vietnam moves toward a sustainable digital future, the government sets specific goals to harness the potential of blockchain across industries:

- To set up blockchain infrastructure to support the development, operation, and maintenance of blockchain applications, thus assisting the government in managing blockchain technology development and applications. This infrastructure facility must comply with the regulations on cyber security and personal data protection.

- To promote research and development of blockchain technology applications at three national innovation centers.

- To nurture skilled human resources for blockchain technology by setting up 10 research and training centers, incorporating blockchain into the curricula of universities, colleges, vocational schools, and research institutions.

- To establish at least one blockchain testing center/ special zone, with priority given to units with experience in blockchain networks.

- To develop a blockchain ecosystem called "Blockchain+" by applying blockchain technology across various sectors, including finance and banking, transportation, healthcare, education and training, trade, logistics, energy, tourism, and so on.

Objectives of Vietnam’s National Blockchain Strategy by 2030

With the goal of becoming a regional leader and internationally recognized in blockchain by 2030, the National Blockchain Strategy outlines clear objectives focused on fostering a robust blockchain ecosystem in Vietnam:

- To strengthen and expand the national blockchain infrastructure to provide domestic and international services while setting standards for blockchain development and application in Vietnam.

- To become a leading country in the region and globally in blockchain technology, with 20 reputable brands providing blockchain-based platforms, products, and services.

- To maintain the operation of at least three blockchain technology testing centers or zones in major cities to form a national blockchain network.

- At least one Vietnamese institution has ranked among Asia's top ten blockchain technology training and research centers.

Tasks & Solutions Set by National Blockchain Strategy

To make these goals a reality, the strategy assigns specific actions to leading agencies such as the Ministry of Information and Communications, the Ministry of Science and Technology, and the Vietnam Blockchain Association.

Legal framework improvement: Reviewing & refining existing legal framework, researching and developing policies and standards for blockchain platforms, products, applications, and services.

Infrastructure development:

- Building a versatile blockchain infrastructure for Vietnam that ensures compliance with security regulations and data protection standards while facilitating seamless interoperability among all parties involved in blockchain-based transactions.

- Boosting the development of Made-in-Vietnam blockchain platforms and establishing systems to manage, operate, and interconnect various blockchain networks within the national infrastructure.

Blockchain ecosystem establishment:

- Promoting the application of blockchain in AI, Big Data, and the Internet of Things.

- Establishing centralized IT zones and incubation centers to attract both domestic and international investment, thus fostering the growth of blockchain technology enterprises.

Business Collaboration: Bringing together technology enterprises to collaborate on developing blockchain solutions, fostering information sharing, and boosting competitiveness with foreign enterprises.

Challenges and opportunities for the future of Vietnam’s blockchain landscape

The Vietnam National Strategy offers substantial opportunities for businesses. It creates a favorable and transparent legal environment, allowing companies to invest in blockchain solutions without concerns about compliance risks confidently. Government support for blockchain applications in major sectors such as finance, logistics, agriculture, and data management drives significant domestic demand and broadens the blockchain market for service providers.

The strategy also focuses on developing a highly skilled workforce by incorporating blockchain education into universities and educational institutions. By fostering a well-trained talent pool, Vietnam is positioning itself to lead in blockchain innovation, keeping businesses at the forefront of global trends.

Like every coin has two sides, this breakthrough strategy is no exception. From a technological standpoint, blockchain is a highly specialized field, requiring blockchain companies to enhance their capabilities continuously. Training and developing human resources are also long-term challenges since building a team of high-quality professionals is the only way Vietnamese businesses compete with global enterprises.

Additionally, blockchain's complexity demands robust security measures to mitigate risks such as cyberattacks and fraud. To ensure the safety of large-scale blockchain deployment, businesses must invest in security solutions, risk management, and system stability - challenges that cannot be underestimated.

NAPA Global is one of Vietnamese enterprises focused on develop our competence in blockchain early. We are certified with international standards, including the Information Security Management System (ISO 27001:2013) and the Quality Management System (ISO 9001:2015). In addition, we have received the prestigious Sao Khue Award for "Consulting and Developing Blockchain Technology Solutions" and have joined the Japan Blockchain Association - the leading blockchain organization in Japan. These achievements highlight our commitment to delivering innovative, efficient, and secure blockchain solutions that meet industry standards.

With over six years of experience collaborating with international enterprises across diverse cultures and economic systems, NAPA has gained a deep understanding of global markets and effective communication in multicultural environments. Our experts have successfully developed and launched hundreds of blockchain-based projects, including decentralized applications (dApps) within the DeFi and Web 3.0 ecosystems, gaming platforms, eWallets, Smart Contracts, and NFTs.

We believe that the National Blockchain Strategy can thrive not only through the efforts of government agencies but also through the contributions and engagement of Vietnam's technology firms. NAPA will actively contribute to this strategy, driving the development of Vietnam's blockchain ecosystem and strengthening the country's position on the global map.