The Times Australia
News From Asia

.

One Mount to invest in building Blockchain Layer 1 network in Vietnam

One Mount Group has committed to investing US$200 to 500 million to deploy a Layer 1 Blockchain network, aiming to establish Vietnam’s national blockchain infrastructure.

HANOI, VIETNAM - Media OutReach Newswire - 21 January 2025 - One Mount Group was one of two organisations assigned by the Ministry of Information and Communications to build the ‘Make-in-Vietnam’ Layer 1 Blockchain network at the sixth National Forum on Developing Vietnam's Digital Technology Enterprises.

One Mount Group’s CEO Nguyen Thi Diu (centre) receives a commemorative medal from Party General Secretary To Lam.
One Mount Group’s CEO Nguyen Thi Diu (centre) receives a commemorative medal from Party General Secretary To Lam.

The event was attended by Party General Secretary To Lam and Minister of Information and Communications Nguyen Manh Hung.

The movement shows that Vietnam is undergoing a significant change in empowering private enterprises to lead and master strategic technologies in the nation's digital transformation journey.

It is considered a strategic step to enable Vietnam to take control of blockchain technology, laying the groundwork for remarkable development in the digital era.

One Mount Group has committed an investment of US$200 to 500 million to develop a Layer 1 blockchain network with key features including high speed, exceptional scalability, optimal security and a consensus mechanism.

This platform is designed to meet the domestic demand for blockchain technology development and enable international connections, acting as a bridge to global public blockchain networks.

It will serve as a core foundation, facilitating operations, exploitation, interaction and interoperability across various types of blockchain networks. It will drive the development of decentralised applications (DApps) across multiple sectors, including finance, healthcare, education and public services.

"The Layer 1 blockchain platform developed by One Mount will serve regulatory agencies and businesses, and provide tangible benefits for Vietnamese people, propelling the nation further in the era of global digitalisation," One Mount Group’s CEO Nguyen Thi Diu shared.

By 2025, Vietnam is set to establish a robust foundation for blockchain technology, including the creation of a secure and information-safe national blockchain infrastructure. It will also enable interoperability, integration and data sharing across various blockchain networks while supporting state management of blockchain application and development activities.

By 2030, Vietnam aims to expand its national blockchain infrastructure and position itself as a regional and global leader in blockchain research, application and development.

Supporting from Techcombank financial ecosystem

Backed by substantial resources from Techcombank’s financial ecosystem, One Mount Group has played a critical role in the digital transformation journey.

The group has demonstrated its technological, financial and talent capabilities by creating a comprehensive digital ecosystem spanning the consumer, retail and real estate sectors, which aligns with the nation’s digital transformation roadmap.

As part of Techcombank’s financial ecosystem - the best bank in Vietnam for 2024 - One Mount Group was founded with the vision of becoming the most reliable and largest technology ecosystem in the whole country. It provides solutions and services along the entire value chain in the financial services, distribution, real estate and retail sectors.

Guided by its core values ‘Vietnam First - Integrity - Understanding - Innovation and Breakthrough,’ One Mount is reshaping traditional consumer habits towards modernisation and opening new pathways to enhance economic efficiency.

It has invested hundreds of millions of dollars in deploying advanced technologies, including cloud computing, artificial intelligence (AI), big data, the Internet of Things (IoT) and blockchain, into its systems.

These investments have led to innovative products and services with exceptional technological value, adhering to global security standards like PCI-DSS and ISO 27001. The company also boasts outstanding human resources across its operational domains, particularly in technology.

The group’s subsidiaries have developed and provided ground-breaking technology solutions, including VinShop - Vietnam’s leading FMCG (Fast-Moving Consumer Goods) distribution platform, OneU - the country’s largest lifestyle platform and OneHousing - a comprehensive real estate ecosystem offering housing solutions for Vietnamese consumers.

Thanks to its remarkable contributions to the economy, One Mount has consistently earned top accolades domestically and internationally. Notable achievements include Google Cloud’s outstanding supply chain and logistics partner (2022), the top 10 ICT Vietnamese companies providing digital transformation platforms, the top 10 Fintech Enterprises, the top 10 Proptech Enterprises and the top 5 national quality and prestige brands.

Hashtag: #OneMount


The issuer is solely responsible for the content of this announcement.

Times Magazine

Choosing the Right Legal Aid Lawyer in Sutherland Shire: Key Considerations

Legal aid services play an essential role in ensuring access to justice for all. For people in the Sutherland Shire who may not have the financial means to pay for private legal assistance, legal aid ensures that everyone has access to representa...

Watercolor vs. Oil vs. Digital: Which Medium Fits Your Pet's Personality?

When it comes to immortalizing your pet’s unique personality in art, choosing the right medium is essential. Each artistic medium, whether watercolor, oil, or digital, has distinct qualities that can bring out the spirit of your furry friend in dif...

DIY Is In: How Aussie Parents Are Redefining Birthday Parties

When planning his daughter’s birthday, Rich opted for a DIY approach, inspired by her love for drawing maps and giving clues. Their weekend tradition of hiding treats at home sparked the idea, and with a pirate ship playground already chosen as t...

When Touchscreens Turn Temperamental: What to Do Before You Panic

When your touchscreen starts acting up, ignoring taps, registering phantom touches, or freezing entirely, it can feel like your entire setup is falling apart. Before you rush to replace the device, it’s worth taking a deep breath and exploring what c...

Why Social Media Marketing Matters for Businesses in Australia

Today social media is a big part of daily life. All over Australia people use Facebook, Instagram, TikTok , LinkedIn and Twitter to stay connected, share updates and find new ideas. For businesses this means a great chance to reach new customers and...

Building an AI-First Culture in Your Company

AI isn't just something to think about anymore - it's becoming part of how we live and work, whether we like it or not. At the office, it definitely helps us move faster. But here's the thing: just using tools like ChatGPT or plugging AI into your wo...

The Times Features

Benefits of Tree Pruning for a Thriving Australian Garden

Tree pruning is an essential aspect of garden maintenance that often doesn't get the attention it deserves. It's a practice that involves the selective removal of certain parts...

What is psychosocial therapy? And why is the government thinking about adding it to Medicare for kids?

The government is considering new, bulk-billed health checks for three-year-olds, to pick up developmental concerns and refer kids that might need additional support. The de...

Detect Hidden Water Leaks Fast: Don’t Ignore Hot Water System Leaks

Detecting water leaks early is crucial for preventing extensive damage to your home. Among the various parts of a home’s plumbing system, hot water systems are particularly suscept...

Why do hamstring injuries happen so often and how can they be prevented?

In a recent clash against the Melbourne Storm, the Brisbane Broncos endured a nightmare rarely seen in professional sport — three players tore their hamstrings[1] in a single g...

What Is the Australian Government First Home Buyers Scheme About?

For many Australians, buying a first home can feel like a daunting task—especially with rising property prices, tight lending rules, and the challenge of saving for a deposit. ...

How artificial intelligence is reshaping the Australian business loan journey

The 2025 backdrop: money is moving differently If you run a small or medium-sized business in Australia, 2025 feels noticeably different. After two years of stubbornly high bo...