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Vietnam ready to enhance blockchain potential

According to Deputy Chairman of the Foreign Affairs Committee of the National Assembly Nguyen Manh Tien, Vietnam is always open and ready to cooperate to improve the application potential. blockchain technology in business as well as digital transformation.

At the meeting with Vice Chairman of the Standing Committee of the National Assembly Nguyen Manh Tien in the series operating in Vietnam Recently, Mr. Changpeng Zhao (CZ) said he was learning about the potential Vietnamese market and expressed his hope to create favorable conditions for Binance to expand its operations in the country.

Deputy Chairman of the Standing Committee of the National Assembly Nguyen Manh Tien (right) talks with CEO Binace (centre) during a working session on the afternoon of June 4 in Hanoi

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In response, Mr. Nguyen Manh Tien said that Vietnam welcomes foreign partners and companies to learn about the market, especially in the field of digital economy. Vietnam is always open and ready to coordinate and cooperate with the world to improve application potential blockchain technology. According to him, to economic development Vietnam needs to do digital transformation and quickly complete the task of national digital transformation and application of digital technology.

However, blockchain is still an area where there is no legal corridor in Vietnam, so the Vice Chairman of the National Assembly Standing Committee suggested that Binance and Vietnam research appropriate legal policies, share study and training programs with Vietnam. to disseminate technological knowledge, incubate future talents ready to join the international environment.

“Vietnam wishes to increase the exchange of experiences of other countries on applying technology, promulgating legal regulations, creating a legal corridor for operations, ensuring the interests of consumers, enterprises and the state. The National Assembly of Vietnam is a law-making body ready to support this process, thereby bringing benefits to businesses and people,” he emphasized.

At the same time, Mr. Nguyen Manh Tien also suggested that the Vietnam Blockchain Association cooperate with Binance and investors in this field to research and develop blockchain applications in many fields, in addition to making recommendations to the National about policies for future development.

Before that, at the event that took place on the morning of June 4 in Hanoi, the Binance side committed to full compliance legal policy of Vietnam and put user safety first.

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