The Vietnam Banks Association (VNBA) held a seminar on October 26 entitled “Opportunities and challenges to apply blockchain to operations in the banking and financial sector”. A representative from Vietcombank pointed out the many obstacles for banks in applying blockchain, including the high cost of research and infrastructure investment and the long period needed to synchronize transition with other systems. A TPBank representative said it is necessary for banks to pilot a sandbox to successfully apply blockchain.
At the Vietnam Blockchain Summit 2022 taking place in two days, October 19-20, 2022, organized by the Vietnam Software and Information Technology Services Association (VINASA) and the Vietnam Blockchain Association (VBA), experts said that Vietnam is one of the potential markets and one of the bright spots in Blockchain technology. Vietnam has more than 10 enterprises in the top 200 blockchain enterprises in the world, which is the premise for blockchain projects in Vietnam to continue to develop.
At the first Vietnam Blockchain Summit 2022, on October 19 and 20, experts said that Vietnam has among the greatest potential in blockchain and is a bright spot in the sector. More than 10 Vietnamese enterprises appear among the world’s top 200 blockchain enterprises, which is a foundation for blockchain projects in the country to continue to develop.