Index
ToggleIt was the same senior leaders who listened to the representative of Vietnam Blockchain Network present a groundbreaking technology initiative – Vietnam Blockchain Chain Service Network (VBSN).
The introduction made a strong impression when VBSN was XEM the first national Blockchain infrastructure developed by Vietnamese people, aiming to deeply integrate into the digital economy, support cross-border payments, Decentralized Identifier, land management, traceability and degree verification.
From the vision of “Make in Vietnam” to national core technology
VBSN is an initiative designed by 1Matrix Company, under the strategic consultancy of Boston Consulting Group (BCG) and oriented by the Vietnam Blockchain and Digital Asset Association. The goal of the project is not only to master blockchain technology but also to build a secure and transparent data and digital asset platform to serve the national digital transformation process that the Government is strongly promoting.
According to experts, Vietnam's development of its own blockchain infrastructure similar to what the European Union or China did before is a strategic move. It helps ensure data sovereignty, while creating a Vietnamese-owned technology environment, reducing dependence on international platforms.
Impressive multi- chain performance and structure
By October 2025, VBSN has successfully built 6 foundational layer-1 blockchain networks, achieving a maximum processing speed of 300,000 transactions per second (TPS) - one of the highest numbers in the world today.
The highlight of VBSN is the ability to create a complete layer-1 in less than an hour. These layers are integrated with electronic wallets, bridges, smart contract development tools, and RPC infrastructure. This helps businesses save up to hundreds of thousands of dollars in costs and shorten months of deployment time compared to developing from scratch.
Thanks to its “plug-and-play” nature, VBSN opens up opportunities for traditional businesses, including those without a blockchain technology team, to easily access this technology without requiring too much expertise.
Practical applications: From digital government to private economy
In the public sector
VBSN is oriented to become an infrastructure supporting state data management, applications in citizen identification, digital asset storage, smart contract management and administrative data. When combined with existing data systems, VBSN helps reduce network congestion, increase transparency and improve the speed of electronic record processing.
A typical example is Da Nang city – the first locality to express its desire to test this platform in the public service system. Da Nang authorities are coordinating with 1Matrix and the Vietnam Blockchain Association to build a land management and electronic identification model on blockchain. If successful, this will be a pioneering step, paving the way for other smart cities across the country.
In the private sector
VBSN is currently cooperating with many large corporations and financial institutions such as MSB, SHB, T&T Group, Dragon Capital, to test blockchain applications in data management and transaction system optimization. Technology enterprises and startups in the field of digital assets have also begun using VBSN as a secure testing platform for decentralized applications (dApp).
VBSN's horizontal (multi chain, serving multiple independent entities) and vertical (by industry/sector) scalability makes it easy to adapt to the specific needs of each business – from banking, logistics, education, healthcare to real estate.
Mr. David Chan, Director of Partner Development at BCG, commented that VBSN has inherited the essence of the world's leading blockchain networks such as Europe's EBSI and China's BSN, but is designed to be more flexible, suitable for Vietnam's conditions and needs.
According to him, VBSN not only solves major problems of security, scalability and decentralization but also helps to significantly reduce operating costs, opening up opportunities for Vietnam to become the blockchain center of Southeast Asia in the coming years.
