70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
Hanoi to host the 10th Global Blockchain Congress - Southeast Asia
Khanh Khanh 11:49, 2022/07/11
Vietnam is considered a potential market for Blockchain technology development and plans to host the event giving opportunities for Vietnamese businesses.

The 10th Global Blockchain Congress - Southeast Asia will take place on July 11-12 in Hanoi, with the participation of 150 startup projects and investment funds worldwide.

The Global Blockchain Congress - Southeast Asia will be held in Vietnam. Photo: Microsoft

This version for Southeast Asia will be organized by Agora Group in collaboration with V2B Labs, D.Lion, and the Vietnam Blockchain Union (VBU) under the auspices of the Vietnam Digital Communications Association (VDCA). 

Ten discussion sessions taking place throughout the event will discuss the most concerning topics in the blockchain world such as MetaFi, Web3, and the Future of NFTs which will be presented by insightful speakers in the blockchain industry.

With its businesses among the top 200 blockchain companies in the world, Vietnam has made it to the group of five leading countries in blockchain technology. The index of acceptance of this new technology in Vietnam is five times higher than in the US. With the best growth potential in the region, Global Blockchain Congress chose Vietnam as the next destination to fire the first shot in Asia due to its potential market for Blockchain technology development, according to the organizers. 

The Global Blockchain Conference was held nine times in Dubai (the United Arab Emirates), attracting more than 650 investors and more than 200 startups.

“We are very impressed by the achievements in digital transformation and development of digital technology in Vietnam, and confident in the breakthrough strategies and visions of the Vietnamese Government on digital transformation with a focus on promoting open policy and encouraging the development of new technologies,” said Hadi Malaeb, Co-founder and CEO of Agora Group.

He underlined Vietnam has a lot of room for the development of blockchain.

In Vietnam, the number and total value of blockchain startups increased sharply in 2021.

According to Vu Kiem Van, the VDCA’s Vice Chairman, there are currently about 200 companies doing business in the blockchain field, of which seven are established by Vietnamese people. Ten Vietnamese startup projects related to blockchain also called for investment capital of more than $100 million.

Tony Tran, CEO of V2B Labs, one of the organizers of the 10th Global Blockchain Conference, hoped the event will be an opportunity for potential blockchain projects to share, connect and seek capital from the largest and most quality investment funds, thereby making the Vietnamese blockchain market more exciting, contributing to the construction and development of the digital economy in Vietnam.

As predicted, in 2022, the number of Southeast Asia-focused venture capital funds will put more effort into early-stage investments in Vietnam. 

TAG: Southeast Asia blockchain Global Blockchain Congress Vietnam
Other news
11:10, 2024/04/19
Trade ministry proposes purchasing renewable electricity mechanisms without EVN’s involvement
The draft decree stipulates that buyers must be organizations or individuals using electricity for production from a voltage level of 22 kV or higher, with an average monthly consumption of 500,000 kWh.
22:00, 2024/04/18
Australia and Vietnam develop competitive electricity markets
Climate change, energy, and environment are pillars of Australian Comprehensive Strategic Partnership with Vietnam.
12:12, 2024/04/12
Vietnam, Thailand advance realization of “Three Connections” strategy
Businesses from both countries are encouraged to expand their trade and investment activities, to increase bilateral trade to US$25 billion in a more balanced and sustainable way.
06:29, 2024/04/12
Vietnamese Gov’t to expand list of electricity buyers under direct power agreement scheme
The direct power purchase (DDPA) mechanism has been repeatedly proposed by foreign-invested enterprises to be piloted in Vietnam, as they believe it will have a positive impact on competition in Vietnam's energy sector.
06:09, 2024/04/12
Viettel opens largest data center in Vietnam to support AI development
By 2025, Viettel will invest in expanding the scale to 17,000 racks.
17:16, 2024/04/11
Vietnam’s economy expected to grow at solid pace in 2024-2025: ADB
Given global uncertainties, policies in 2024 would therefore need to combine short-term growth support measures with long-term structural remedies to promote sustainable growth