2020 Might See Rise Of Blockchain Start-Ups In Vietnam

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Vietnam is taking a step towards popularising innovations in the field of Blockchain, AI, VRS, etc.
  • Vietnam considered being lagging when it came to AI, blockchain, and other related technologies.
  • Vietnamese companies such as Vietnamblockchain.asia and others have already started to gain popularity.

2020 is going to be the year of tech start-ups, and companies related to cryptocurrency, AI, Big Data, and other related fields are ready to take the stage.

As common with the numerous countries in Asia, Vietnam is taking a step towards popularising innovations in the field of Blockchain, AI, VRS, etc. with the hopes of achieving economic growth.

In the past, Vietnam considered being lagging when it came to AI, blockchain, and other related technologies. The lack of human resources and a weak technological sector did not prevent the country from building a vibrant AI ecosystem.

Currently, the Vietnamese companies related to blockchain technology are trying to keep up with their foreign rivals by acquiring the necessary technical skills and transforming ideas into innovative solutions. 

Even though at the moment, the country’s various start-ups are focusing on AI-related research, but it’s only a matter of time that they get started on blockchain and related fields. 

Vietnamese companies such as Vietnamblockchain.asia and others have already started to gain popularity. Indeed, the Vietnamese population isn’t all that enthusiastic about cryptocurrency, and the trading of Bitcoins is not legal in many regions.

However, it is just a matter of time before the government realizes the value of cryptocurrency. India, another South-Asian country, had similar laws regarding cryptocurrency. Recently, the Indian government has shown interest in developing its cryptocurrency.

Now, with the development in the technology sector of Vietnam, the cryptocurrency market would open up, providing a trading opportunity to several Vietnam-based traders.

The advances in AI and other related fields would put Vietnam in the list of developed Asian countries, bringing attention to it from the foreign traders and investors as well.

This attention might lead to Vietnam opting for a cryptocurrency exchange system in its stock market, similar to how Jamaica did it recently. 

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