Vietnam initiates a strategic partnership to accelerate blockchain adoption at the national level, aiming to create an integrated digital ecosystem.
Objectives and Composition of the Alliance
The partnership includes Techsmart Telecom, the Institute of Information Technology and CyberSecurity (IITCS), Venom Foundation, and GS Fund Abu Dhabi. The aim of the alliance is to create infrastructure for blockchain that will support digital currency and data centers.
Key Initiatives and Their Implementation
Venom Foundation will implement its Layer-0 blockchain protocol for institutional applications. This protocol already supports stablecoins, KYC/AML processes, and asset tokenization. Additionally, in March 2025, the Prime Minister of Vietnam ordered the Ministry of Finance to propose updated legal frameworks for digital assets.
The Future of Blockchain in Vietnam
With the implementation of this plan, Vietnam could become a benchmark for other countries in blockchain integration. Potential next steps include the introduction of digital payments and the enhancement of cybersecurity standards, creating a more stable and transparent financial environment.
Thus, the successful execution of this initiative could significantly transform Vietnam's digital infrastructure.
