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Official Gazette

Tuesday, July 14, 2020
Tags: ecosystem
Shaping a legal framework for cryptoassets in Vietnam Shaping a legal framework for cryptoassets in Vietnam
For the time being, there has been no unified definition of “cryptoasset” or “digital asset” or “virtual asset” in the world. According to the Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, “a virtual asset is a digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes.”[1] Canada’s model legislation regarding digital assets, the Uniform Access to Digital Assets by Fiduciaries Act, defines “a digital asset” as “a record that is created, recorded, transmitted or stored in digital or other intangible form by electronic, magnetic or optical means or by any other similar means.”[2] Cryptocurrency (or virtual currency) is a form of cryptoassets (or virtual assets). There is also no unified definition of this term in the world.
2020 key for tech start-ups in Vietnam 2020 key for tech start-ups in Vietnam
Like many other Asian countries, Vietnam is racing its regional counterparts to spur economic innovation with artificial intelligence. Experts say voice recognition technology, AI, blockchain and big data will be major trends in 2020.
SMEs to receive support for business startup SMEs to receive support for business startup
The Ministry of Planning and Investment is working on a draft national program to provide a total financial support of VND 5,000 billion (USD 216 million) for small- and medium-sized enterprises being innovative startups or participating in industrial clusters and value chains during 2021-25.
Complete policies needed to support Vietnamese start-ups Complete policies needed to support Vietnamese start-ups
In order to promote start-ups, complete policies were necessary to support them, heard the fourth national start-up forum in Hanoi on December 2.
Significant values of UNCLOS to Vietnams maritime strategy Significant values of UNCLOS to Vietnam’s maritime strategy
November 16, 2019, is the 25th anniversary of the 1982 United Nations Convention on the Law of the Sea (UNCLOS). The Convention is one of the most important achievements of international law and the United Nations in the 20th century and continues to assert its role as the “Constitution of the seas and oceans” in the 21st century.
Official Gazette issues Nos 73-75/2019 coming out on November 04 2019 Official Gazette issues Nos 73-75/2019, coming out on November 04, 2019
Vietnamese SOEs must reform and invest in technology Vietnamese SOEs must reform and invest in technology
State-owned enterprises must strive to reform and become innovation centers in today's modern economy, said Prime Minister Nguyen Xuan Phuc at a conference discussing measures to improve Vietnam’s SOEs’ management and performance on October 16 in Hanoi.
PM calls for action to secure sustainable development PM calls for action to secure sustainable development
Vietnam will take strong action to promote sustainable development, investing more in the workforce and advanced technologies, moving towards digital Government and digital society, Prime Minister Nguyen Xuan Phuc told a conference on sustainable development in Hanoi on September 12.
Draft scheme on national digital transformation proposed Draft scheme on national digital transformation proposed
By 2025, Vietnam would be ranked among top 4 ASEAN countries regarding national digitization and make a breakthrough transformation toward a digital country with a vision to 2030. It is one of the targets set in a draft scheme on national digital transformation prepared by the Ministry of Information and Communications.
Vietnam Venture Summit connects government with intl venture funds Vietnam Venture Summit connects government with int’l venture funds
The Vietnam Venture Summit 2019 was held in Hanoi on June 10 as a platform for policy dialogue between the government and international venture funds.

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