Vietnam Launches its First Homegrown Blockchain Network: Details
On Could 6, 2025, Vietnamese tech agency 1Matrixformally unveiled the nation’s first Layer-1 blockchain community designed, constructed, and operated completely by Vietnamese engineers. This launch in Hà Nội marks a defining step for Vietnam because it strikes in direction of full possession of core digital infrastructure.
In distinction to most blockchain platforms developed overseas, this new community is homegrown — from consensus algorithms to person interfaces — and goals to assist public knowledge methods, digital finance, and authorities providers.
On the launch ceremony of 1Matrix (Picture: Vietnam Blockchain Affiliation)
What’s 1Matrix, and Why It Issues
1Matrix is just not a typical blockchain startup. It’s a strategic member of an ecosystem that features Techcombank, One Mount Group, Masterise Group, and Techcom Securities — main gamers in Vietnam’s finance and tech sectors. The corporate can be a member of the Vietnam Blockchain Affiliation (VBA) and companions with Boston Consulting Group (BCG).
Backed by these establishments, 1Matrix has a long-term imaginative and prescient: to create a nationwide blockchain spine for Vietnam. The aim isn’t just to construct a blockchain, however to personal the underlying expertise, from the protocol degree to mental property. This may permit Vietnam to implement blockchain throughout authorities operations, digital id, finance, logistics, and extra.
In line with Phan Duc Trung, chairman of 1Matrix and head of the Vietnam Blockchain Affiliation, the venture goals to make sure knowledge safety, technological independence, and a better international standing for Vietnam within the blockchain house.
In the course of the 1Matrix launch ceremony, Mr. Phan Duc Trung delivered a keynote speech, formally kicking off the “Make in Vietnam” Layer-1 blockchain community. (Picture: Vietnam Blockchain Affiliation)
Blockchain, however for Public Use
In contrast to many blockchain initiatives centered round hypothesis or DeFi, 1Matrix has set its sights on national-scale functions. The Layer-1 platform is designed with compliance and interoperability in thoughts — key options for integration into public sector workflows.
The corporate acknowledged its structure meets worldwide interoperability requirements, that means it will probably join with international methods whereas staying underneath native management. That is essential in a world the place knowledge safety and digital governance are actually tied to nationwide pursuits.
The community goals to assist:
- Authorities knowledge infrastructure
- Regulated digital asset issuance
- Safe and scalable enterprise options
Strategic Partnerships to Speed up Progress
1Matrix has aligned with international consulting powerhouse Boston Consulting Group to develop its platform. BCG brings deep expertise in working with governments and enterprises on digital transformation, giving the venture not solely native but in addition international relevance.
Strategic cooperation agreements had been signed between 1Matrix, BCG, and the Vietnam Blockchain Affiliation to scale adoption, advise on coverage, and assist ecosystem growth.
Investing in Expertise: The VietChain Skills 2025 Contest
A significant a part of this initiative is expertise growth. 1Matrix has launched a nationwide competitors referred to as “VietChain Skills 2025” to find and nurture blockchain builders and innovators.
With a prize pool of $140,000, the competition focuses on 4 core themes:
- Layer-1 blockchain growth ($40,000 prime prize)
- Decentralized and centralized exchanges
- Blockchain bridge infrastructure
- Blockchain traceability options
Instructional establishments additionally stand to learn. Universities whose college students win any prime prize will obtain an institutional grant of $8,000.
The competition is open till June 20 and is predicted to energize Vietnam’s youth into becoming a member of the blockchain motion, serving to construct a sustainable native expertise pool.
Coverage Help and Future Authorized Framework
The launch of 1Matrix aligns with Decision 57-NQ/TW and Determination 1236/QD-TTg, key authorities methods that concentrate on blockchain as a precedence sector for Vietnam’s financial future.
This comes at a time when the Ministry of Finance is drafting authorized frameworks for digital belongings and plans to launch a licensed digital foreign money change. The hassle will present:
- Authorized protections for digital asset buyers
- A regulatory path for blockchain-based companies
- A framework for safe, compliant digital innovation
The aim is to forestall capital flight, guarantee tax compliance, and unlock worth from Vietnam’s tech-savvy inhabitants — which already ranks among the many world’s prime three in crypto possession, with $120 billion in inflows in 2023.
