Ho Chi Minh City could become an ideal destination for blockchain startups

On the morning of December 12, the Ho Chi Minh City Electronic Communications Association conducted a summary of the Association's activities in 2024, and announced the establishment of the Ho Chi Minh City Blockchain Association (HBA) and the Ho Chi Minh City Digital Advertising and Communications Association (DACA).

Within the framework of the Conference, Mr. Nguyen Ngoc Hoi, Deputy Director of the Department of Information and Communications of Ho Chi Minh City, said that the legal corridor still needs to be improved for the development of Blockchain enterprises in Ho Chi Minh City and the whole country.

Experts say Ho Chi Minh City could become an ideal destination for Blockchain startups (Photo: Contributor).

Mr. Le Thanh, Vice President of the Blockchain Association, believes that Ho Chi Minh City can become an ideal destination for Blockchain startups because of the national support when choosing Blockchain as a strategic technology, the support and facilitation of management agencies, always ready to support startups. "Ho Chi Minh City is currently a leading center with remarkable achievements in the Blockchain field such as SkyMavis, Ninety Eight, Kyber... All of the above enterprises were established 7-8 years ago and have been recognized by the world through many stages. Ho Chi Minh City also possesses high-quality human resources, which new industries like Blockchain need and are lacking," Mr. Le Thanh commented.

The Blockchain Association is tasked with contributing to activities to make Ho Chi Minh City an advanced technology center in the region (Photo: Contributor).

At the conference, Mr. Nguyen Ngoc Hoi presented the decision to establish the Ho Chi Minh City Blockchain Association to the Chairman of the Association, Mr. Nguyen The Vinh. The Ho Chi Minh City Blockchain Association will act as a bridge between businesses, management agencies and the community in developing and applying Blockchain technology in the city. The vision of the association is to contribute to activities to make Ho Chi Minh City an advanced technology center of the region, while promoting awareness and innovation in this field. Also at the ceremony, Mr. Nguyen Quang Nhut, Chairman of the Ho Chi Minh City Advertising and Digital Communications Association, was presented with the decision to establish the association. The Advertising - Digital Communications Association was established to meet the growing demand for creative communication strategies and digital advertising in the digital economy. The association will focus on supporting advertising businesses in Ho Chi Minh City, building effective communication solutions, and connecting local businesses with international markets. Source: https://dantri.com.vn/suc-manh-so/tphcm-co-the-tro-thanh-diem-den-ly-tuong-cho-cac-startup-blockchain-20241212153312552.htm