[Vietnam HHP and Singapore EFGH Establish Joint Venture, Plan to Invest $8 Million to Build Vietnam's National Blockchain Infrastructure] Foresight News reports that Vietnam's HHP Digital Asset High-Tech Center and Singapore's digital financial infrastructure company Embed Financial Group Holdings (EFGH) have signed an agreement to establish a joint venture, VNL1, to build Vietnam's national blockchain-based product traceability infrastructure. Both parties will invest approximately $8 million into the joint venture. VNL1 will operate as an Ethereum Layer 2 settlement layer to support Vietnam's government regulations on product identification, verification, and traceability. In addition, the two parties have also signed a framework agreement involving five digital projects, including the fintech platform V-Fintech, the tourism self-service kiosk V-TOK, the commodity pricing infrastructure V-ICEX, the AI computing center GDCAI, and the Ho Chi Minh City Financial Integrated Zone project V-FIT.