The Vietnam Blockchain Association is an organization that brings together people who are passionate about or active in Blockchain in the country.
After the establishment of the Blockchain Alliance under the Vietnam Digital Media Association, the domestic Blockchain technology-loving community will witness the birth of the Vietnam Blockchain Association.
According to Decision No. 343/QD-BNV approved by the Ministry of Home Affairs on April 27, 2022, the Vietnam Blockchain Technology Association (also known as the Vietnam Blockchain Association) was allowed to establish.
This is the first official legal entity that brings together people who are passionate about Blockchain technology research and application throughout Vietnam.
The Vietnam Blockchain Association is a socio-professional organization whose purpose of operation is not contrary to the law, charter, headquarters, seal and private property. This association was established on a voluntary basis of individuals and organizations with common interests, professions and operational purposes.
This will be a regular organization to protect the legitimate rights and interests of associations, members and the Vietnamese Blockchain community, contributing to the country’s socio-economic development.
The first meeting of the Vietnam Blockchain Association is scheduled to take place on May 17, marking the official establishment and launch of this organization. Here, Vietnam Blockchain Association will announce the official executive committee, principles and operation direction.
In general, the role of this organization in the coming time will include promoting cooperation between commercial organizations and enterprises with Blockchain-based products and services to research, test, apply, deploy and trade Blockchain technology in accordance with Vietnamese law.
According to the evaluation of many world-renowned organizations, Vietnam is consistently ranked quite high on the crypto-acceptance index.
The Chainalysis report shows that Vietnam ranks 10th out of 154 countries on the Global Cryptocurrency Acceptance Index. This is one of the rare indexes where Vietnam has the same rank as developed countries such as the US, China or South Africa, even more than many other developed countries such as the UK, France, Germany, Spain, Japan, Korea…
Finder’s survey conducted with 42,000 people across 27 countries also shows that Vietnam is the country with the highest rate of cryptocurrency adoption.
These are the premise showing the development potential of Blockchain technology in Vietnam. In the field of technology, Blockchain is the area with the most rapid change. Therefore, this technology is expected by many to become a push to change the face of Vietnam’s digital economy.