Lynn Hoang, Director of Binance Southeast Asia, said that it proves that Vietnamese people not only make high-quality products but also lead many new trends in the world in the field of GameFi and DeFi.

Technology experts are assessing the potential of Blockchain in Vietnam. 

During the event “Harnessing Blockchain for Breakthrough Innovation and Strategic Impact” – “Using the power of blockchain to promote the wave of investment and innovation in Vietnam” held by Binance at Station F of Paris (France) recently, Many blockchain experts see the digital economy as one of the top priorities of the Vietnamese government. From strategy to action, Vietnam is showing its determination in grasping the general trend of the world.

According to Ms. Lynn Hoang, these are good signs. Specifically, the report on Vietnam’s digital economy showed that in 2021, Vietnam’s digital economy has reached the milestone of 21 billion USD, up 31% over the same period last year, contributing more than 5% to the GDP of the country. country. In 2025, Vietnam is expected to reach 57 billion USD, ranking second in Southeast Asia with a growth rate of about 29% per year.

In the field of venture capital, Vietnam also attracted a record capital of 1.4 billion USD in 2021, compared with 451 million USD in 2020. The total number of deals also increased significantly to 165 in 2021, an increase. 57% compared to 2020. Notably, in 2021 Vietnam welcomes the birth of two new unicorns: Sky Mavis with a valuation of nearly 3 billion USD and MoMo worth more than 2 billion USD.

However, according to Ms. Lynn Hoang, in order for new technologies like Blockchain to continue to contribute more to the economy, Vietnam needs appropriate policies and lessons from previous countries to be able to do so. build a sustainable ecosystem, have great influence in the region and continue to reach out strongly globally.

With the same opinion, Mr. Jerome Modolo, Director of FPT Software France said that Vietnam has many advantages in terms of human resources, infrastructure and high innovation spirit. Although blockchain is bringing a lot of value to the economy and society, this technology is still too new and needs to be known by more people. “At FPT, we pay special attention to education, which will be an important platform for everyone to participate in new technology trends safely and effectively,” said Mr. Jerome.

The director of FPT Software said that in the 60s of the last century, France used to have many good people, but they could not reach their full potential due to the lack of space for innovation. “We have recognized our weaknesses and are focusing on taking advantage of the new opportunities that technology presents. Web 3 (Internet service running on a blockchain platform) is an opportunity for us to start over. Vietnam also has many similar advantages. With the current potential, Vietnam can completely become the new economy of the Asia Pacific region,” Mr. Jerome added.

When asked about how to attract international investment sources, Ms. Gwendolyn Regina, Investment Director of BNB Chain, affirmed that Vietnam does not need to worry about capital because this is already the world’s largest investment attraction market in the world. blockchain field. However, trends like GameFi and DeFi may be over, and Vietnamese startups need to take advantage of Web 3 technology, and metaverse (virtual universe) to continue calling for more international investment funds.

According to Ms. Gwendolyn, one of the important ways for Vietnamese projects to bring in international money is to give a voice in global events like how Binance Vietnam is doing at the event in France. “The whole world has known Vietnam through hit games like Axie Infinity; but I believe, you still have many other Axies that the world doesn’t know about. Let’s boldly step out into the global playing field, contribute your voice to the overall development of the industry, not stop at raising capital and making money,” said the Investment Director of BNB Chain.

Meanwhile, Mr. David Princay, Director of Binance France noted, that blockchain should be viewed from a technology perspective to clearly see the real needs of the economy to see where it can be applied, not just GameFi or money. 

“Blockchain will help accelerate the development of an economy based on user needs. When it comes to demand, we should look at the world scale, not encapsulate it in Vietnam. Vietnamese blockchain projects need to have global ambitions to develop, plan carefully and adapt to the constantly changing general economy,” said David.

In addition, experts also said that Vietnam has many advantages in the global Internet race with a young population, strongly invested, synchronous, and modern Internet infrastructure. Currently, Vietnam’s Internet has exploded in the Web 2 environment (Internet services are provided by current technology companies), but this platform is merely an era of information sharing. Web 3 will open a new chapter of the Internet of shared values, where each person will be a miniature business when data will be in their hands instead of being controlled by foreign technology corporations.

“Vietnam needs to take advantage of these advantages to rise to the top in the Web 3 and metaverse era,” emphasized Mr. David Princay.

Station F is currently the world’s largest startup incubator, put into operation in June 2017 with the goal of turning Paris into a convergence of innovation and high technology. After 5 years of operation, Station F has gathered thousands of French and international startups. Among them are 100 large technology companies and organizations from 21 different countries. There are also offices of many leading technology corporations in the world such as Microsoft, Facebook, Naver, Binance…

Source: Vietnam Post English.