Vietnam is taking a major step toward technological self-reliance through the development of its own national blockchain infrastructure. According to Phan Duc Trung, Chairman of the Vietnam Blockchain and Digital Assets Association (VBA), this initiative is designed to help the country gain mastery over core blockchain technologies and safeguard sovereignty in the realms of data and digital assets.
The announcement was made on October 13 during the First Party Congress of the Government for the 2025–2030 term, held at the National Convention Center. The event featured an exhibition highlighting Vietnam’s most significant achievements under the Party’s leadership, emphasizing a phase of innovation, digital transformation, and sustainable governance.
Building Vietnam’s Blockchain Foundation
During the event, Trung, who also chairs 1Matrix, presented the initial results of the Vietnam Blockchain Service Network (VBSN), a multi-chain infrastructure project envisioned to underpin Vietnam’s digital economy. The strategic goal behind VBSN is to enable Vietnam to independently develop and control blockchain technology, thereby enhancing digital governance and strengthening both public and private sector operations.
Ten months after its launch, by October 2025, the VBSN project had successfully created six independent Layer-1 blockchain platforms capable of handling processing speeds of up to 300,000 transactions per second (TPS). Each platform incorporates varying levels of decentralization and different consensus mechanisms, optimized for diverse industries such as finance, logistics, education, and healthcare.
The VBSN initiative originated from commitments made at the Sixth National Forum on Developing Vietnamese Digital Technology Enterprises. It draws support from a wide ecosystem that includes Techcombank, One Mount Group, Masterise Group, and Techcom Securities. The project also benefits from partnerships with leading technology firms such as Sotatek, NCC, CMC Telecom, Sunteco, Amazon Web Services, True IDC, and AlphaTrue.
The initiative is being managed by 1Matrix with strategic consultation from the Boston Consulting Group (BCG) and supervision from the Vietnam Blockchain and Digital Assets Association. It has been developed with reference to international models such as the European Blockchain Services Infrastructure (EBSI) and China’s Blockchain-based Service Network (BSN).
Enhancing Public and Private Sector Capabilities
VBSN has been engineered to provide different transaction speeds tailored to specific sectors. For instance, blockchain networks used for traceability, insurance, and micropayments typically operate at 50,000 TPS, with peak performance reaching 300,000 TPS. Micro-payment systems are designed for steady performance at around 10,000 TPS, while networks serving banking, healthcare, decentralized identity (DID), and education applications can process up to 10,000 TPS.
The infrastructure is expected to become a core enabler for Vietnam’s public sector digital transformation. It supports applications in areas such as digital identity, digital assets, smart contracts, and interconnected data systems, all of which form the foundation for e-governance, smart cities, and high-tech administrative services. By ensuring high throughput and decentralization, VBSN helps minimize data congestion and enhances the reliability of digital government platforms.
According to the VBA, the blockchain service network has already been introduced to several government entities, including the Central Propaganda and Mass Mobilization Committees and the Resolution 57 Steering Committee of Da Nang’s People’s Committee. These institutions are evaluating potential use cases for integrating blockchain technology into their operational frameworks to improve efficiency and transparency.
Driving Digital Transformation in the Private Sector
The VBSN project has also gained significant traction among private enterprises. Domestic organizations such as MSB, SHB, T&T Group, and Dragon Capital are actively exploring its implementation for data management, business process optimization, and the development of new digital business models. The blockchain network is positioned to enhance security, improve transparency, and facilitate collaboration between businesses and public institutions within a unified digital ecosystem.
With VBSN, Vietnam aims to assert greater control over its digital infrastructure and reduce dependence on foreign technology providers. The project signifies a broader national effort to accelerate digital transformation, promote technological independence, and establish Vietnam as a regional hub for blockchain innovation in the coming decade.