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Blockchain News

Vietnam Blockchain Association Joins Forces with Binance

Written By Ritu Lavania
Published 2022-06-06·Updated 2 years ago
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Vietnam Blockchain Association Joins Forces with Binance

The Vietnam Blockchain Association and Binance has officially joined forces for sharing research of Blockchain Technology and Human Resource Training in Vietnam.

As per report, through the partnership, the shared research will be used to promote the blockchain activities in Vietnam and connect with other technology companies around the globe.

Vietnam has recently emerged as a hub for Blockchain technology and is also one of the leading countries involved in the research and application of new technologies.

Mr. Ngo Duc Thang, Director of the Government Cipher Committee, said that Blockchain is one of the top most priority in the digital technology arena for R&D and application for the 4th Industrial Revolution.

Blockchain has indeed been enlisted as a matter of importance as per the decision No. 2117/QD-TTg signed on December 16, 2020, by the Prime Minister.

For this reason, digital transactions via blockchain would be promoted in fields like banking services, energy, industrial production, agriculture, healthcare, retail and consumption.

Also, blockchain has great applications in the public sector. The blockchain technology will also attract several investment opportunities.

Mr. Ngo Duc Thang said that in future, the Government will encourage, facilitate, and promote early businesses to boost blockchain technology focussed revolution.

He added, “It is expected that by 2030, blockchain will create 40 million jobs, 10% – 20% of the global economic infrastructure will run on Blockchain technology systems.”

Changpeng Zhao, CEO of Binance, said, “I believe that clear and efficient regulation is important for blockchain to be utilized in each nook of life, not simply cryptocurrencies, DeFi or NFT.”

He additionally pledged that Binance will all the time adjust to Vietnamese legal regulations and keep customers in focus. Therefore, global customers and especially Vietnamese customers must consider Binance’s platform as among the most safe and dependable on the earth.

Mr. Phan Duc Trung, VP of Vietnam Blockchain Association, hopes that this partnership will carry value to the business groups in Vietnam.

Mr. Trung mentioned: “In its function, the Association connects and gathers the Blockchain group within the nation and a bridge to carry Vietnamese merchandise to the world and appeal to extra worldwide assets to Vietnam.”

The Association can even promote personnel coaching and appeal to worldwide funding into Vietnam.

“Vietnam NFT Summit 2022 – The New Era Solution” took place on June 4 in Hanoi, Vietnam as part of a series of trade occasions for applications of Blockchain Technology and HR Training in Vietnam and worldwide.

Also read: Binance Labs Announces Investment in DEX PancakeSwap

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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