Representatives from the Software Development Center (SDC) under the University of Da Nang and Vicoland Group on Tuesday joined for an online ceremony to celebrate the signing of a Memorandum of Understanding (MoU) to establish the Da Nang Fintech & Blockchain academy and research (DFAR).

Also on the same day, SDC reached an agreement with Singapore-based SRI Thailand- based Capital DNR Holdings Company Limited and Viet Nam’s Vicoland Group to deploy Asia Blockchain solutions in Da Nang. Blockchain is vital for development in the city, giving access to financial tools and streamlining business operations.

This marked a significant breakthrough to develop blockchain technology and a FinTech ecosystem in Da Nang, and Central Viet Nam as a whole. Da Nang will become a pioneer in Viet Nam to develop high-quality human resources for digital financial services, powered by fintech, which helps the city make a digital transformation to succeed. It also lays a strong foundation for the establishment of the world's largest international financial center in Da Nang in the coming time.

Reporting by NGOC HA – Translating by H.L