The Blockchain Revolution: How Vietnam is Building a “Make in Vietnam” Digital Future
Vietnam is no stranger to rapid technological advancement, but its latest ambition—to become a global leader in blockchain—is turning heads. In a digital era dominated by Silicon Valley and Chinese tech giants, this Southeast Asian nation is carving out its own path with the “Make in Vietnam” blockchain initiative. Spearheaded by 1Matrix, a homegrown powerhouse backed by major players like Techcombank, One Mount Group, and the Vietnam Blockchain Association (VBA), this project isn’t just about adopting technology—it’s about rewriting the rules of the game. With strategic guidance from the Boston Consulting Group (BCG), Vietnam is betting big on blockchain to fuel its digital economy, and the stakes couldn’t be higher.

Building the Foundation: A Strategic Tech Ecosystem

At the heart of Vietnam’s blockchain push is a deliberate focus on infrastructure. The “Make in Vietnam” network isn’t just another blockchain—it’s a tailored ecosystem designed to serve industries ranging from finance to real estate. By integrating blockchain into supply chains, retail, and banking, Vietnam aims to solve long-standing inefficiencies while boosting transparency. For example, in a country where counterfeit goods plague markets, blockchain’s tamper-proof ledgers could revolutionize product authentication. Meanwhile, financial services stand to gain from faster, more secure transactions, reducing reliance on intermediaries.
But infrastructure alone isn’t enough. Vietnam is also investing heavily in human capital, partnering with universities and research institutes to cultivate a new generation of blockchain experts. This dual approach—building both tech and talent—positions Vietnam not just as a user of blockchain, but as a future exporter of innovation.

From Adoption to Innovation: Vietnam’s Homegrown Solutions

What sets Vietnam’s blockchain initiative apart is its emphasis on *local* solutions for *global* challenges. 1Matrix isn’t just deploying off-the-shelf blockchain tech—it’s developing bespoke tools for Vietnamese businesses. Take supply chain management: by using blockchain to track goods from farm to shelf, companies can slash costs and build consumer trust. Similarly, digital identity systems could streamline bureaucracy, a game-changer in a country where paperwork still slows down progress.
The initiative’s ambition extends beyond borders. With backing from global firms like BCG, Vietnam is eyeing international standards, ensuring its blockchain solutions can compete worldwide. This isn’t just about keeping up—it’s about leapfrogging ahead.

Fueling Growth: Investment and Global Partnerships

Money talks, and Vietnam’s blockchain vision has attracted serious capital. At a recent national tech forum, investors pledged $200–500 million to scale the “Make in Vietnam” network—a signal of confidence in the country’s digital future. These funds will supercharge R&D, infrastructure, and talent development, but the real secret sauce lies in partnerships.
Collaborations with giants like BCG provide strategic muscle, while alliances with local enterprises ensure solutions are grounded in real-world needs. One Mount Group, for instance, sees blockchain as key to its long-term strategy, blending tech with its expertise in retail and finance. This synergy between public and private sectors could be Vietnam’s ace in the hole, creating a blueprint for other emerging economies.
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Vietnam’s blockchain journey is more than a tech experiment—it’s a bold statement about the country’s role in the digital age. By focusing on infrastructure, innovation, and investment, the “Make in Vietnam” initiative could redefine how developing nations harness technology. If successful, Vietnam won’t just be a participant in the blockchain revolution; it’ll be leading it. And for a country once known for manufacturing, that’s one heck of a rebrand.