Tens of millions of USD from foreign funds waiting to invest in Vietnamese blockchain startup

The above information was given at a conference on blockchain (blockchain technology) took place recently. Here, experts predict that the Vietnamese blockchain market after many years of “rocking across the river” will soon see rapid growth thanks to many supporting factors.

The venture fund, through a partner in Vietnam, is looking for investment for startups in the fields of blockchain technology (blockchain), metaverse and big data. Initial capital scale is 50 million USD.

The weakness of the Vietnamese market is that the correct understanding of blockchain is still limited, so businesses also have to invest in more basic elements.

“Startup has a bad view, equating blockchain technology with other virtual currencies. That’s why our unit publishes media publications to re-link the market and let people have a better understanding. about the market”, said Mr. Nguyen Thanh Nam, Chairman of the Board of Directors of Oneblock Labs Joint Stock Company.

(Illustration image – Photo: Investment Newspaper)

According to research by Gartner, investment in blockchain technology by global enterprises is forecast to reach nearly 16 billion USD by 2023. Vietnam has also recorded a wave of startups developing blockchain application products that cause disruption. resonated, attracting hundreds of millions of dollars of foreign capital.

“When working in new technology, I can compete with the top teams in the world. Although the starting point may be just a small team in Vietnam, the market is very flat and can compete fairly. flat,” said Mr. Nguyen Thanh Trung, Founder and CEO of Sky Mavis, Blockchain application game maker.

A representative of the Ministry of Science and Technology said that blockchain is one of the four important pillars for Vietnam to develop Industry 4.0. With some fields such as cryptocurrencies and digital assets, Vietnam’s approach is to be cautious and prepare carefully, but will not miss the opportunity.

“Last year, we had a strategic program on digital transformation development. I believe we also have a policy to promote the development of digital assets in line with the policy of contributing to the general development of the economy – society. Thus, blockchain is really the core opportunity for this story,” said Mr. Nguyen Manh Cuong, Deputy Director of the Southern Affairs Department, Ministry of Science and Technology.

Experts also believe that Vietnamese startups need to accelerate blockchain application in many fields such as logistics, logistics, traceability in exports, etc., which have large markets and require solutions. new to investors.

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