One Mount Group has been identified by Vietnam’s Ministry of Information and Communications as one of two organizations tasked with developing the country’s ‘Make-in-Vietnam’ Layer 1 blockchain network.

This announcement occurred during the sixth National Forum on Developing Vietnam’s Digital Technology Enterprises, with attendance from Party General Secretary To Lam and Minister Nguyen Manh Hung.

The company has pledged an investment ranging from US$200 million to US$500 million for the establishment of the blockchain network.

The initiative aims to deliver high speed, scalability, security, and a robust consensus mechanism while supporting blockchain development for both domestic and international needs.