On October 13, the first congress of the Government Party Committee for the 2025‑2030 term took place at the National Convention Centre. At the event, large‑scale exhibition spaces were set up, vividly showcasing the country’s prominent achievements under the leadership of the Party and the determined, creative governance of the Government, a clear evidence of the tenure marked by action, innovation and comprehensive development.

Trung then introduced initial achievements of the Vietnam Blockchain Multi-Chain Service Network (VBSN). 

The strategic goal is to build national blockchain infrastructure, contributing to Vietnam mastering core technology, ensuring sovereignty over data and digital assets, enhancing state management efficiency, and promoting the digital economy of the private sector.

After 10 months of implementation, as of October 2025, VBSN has successfully built 6 layer-1 blockchain platforms with maximum speed of 300,000 transactions per second (TPS), learning and inheriting from many existing global blockchain platforms with various permission and consensus mechanisms to optimize benefits for different fields and needs.

VBSN is being implemented per commitments made at the 6th National Forum on Digital Technology Enterprise Development in Vietnam. The project is promoted stemming from the Techcombank - One Mount Group - Masterise Group - Techcom Securities ecosystem and partners like Sotatek, NCC, CMC Telecom, Sunteco, Amazon Web Service, True IDC, AlphaTrue, etc.

VBSN is being implemented by 1Matrix Company under consultation from Boston Consulting Group (BCG), Vietnam Blockchain and Digital Assets Association (VBA), with international experience learned especially from two regional networks in Europe and China: EBSI and BSN.

VBSN can have a maximum speed of 300,000 TPS, and stable transaction speed of 20,000-40,000 TPS, depending on network and usage needs. 

Networks used in origin tracing, insurance, and micro payments can have stable speed of about 50,000 TPS, maximum 300,000 TPS; and the micro payment field can achieve stable speed 10,000 TPS, highest over 100,000 TPS. Speed of networks applied in other industries like finance-banking, DID, healthcare and education can reach 10,000 TPS at maximum.

In the public sector, applying VBSN will enable applications like digital identity, digital assets, smart contracts, origin tracing and data interoperability, creating foundational infrastructure for blockchain applications in digital government, smart cities, financial centers, and high-tech services, reducing data congestion risks, and helping enhance management capacity in the digital government model. 

Blockchain technology and VBSN network have been introduced and proposed for integration in operations of Central Propaganda and Mass Mobilization Board, Steering Committee for Resolution 57 of Da Nang City People's Committee.

In the public sector, VBSN is being promoted for wide sharing with domestic partners like MSB, SHB, T&T Group and Dragon Capital, while being considered by some financial organizations and large enterprises for data management needs, system efficiency, and use in new business fields. 

Thai Khang