On January 15, at the 6th National Forum on the Development of Vietnam's Digital Technology Enterprises, General Secretary Tô Lâm assigned One Mount Group to build the country's Layer 1 blockchain network.
This platform is expected not only to meet the demand for blockchain technology development in the country, but also to be ready to connect internationally, becoming a bridge to public blockchain networks worldwide. However, for many investors, this is the first time they have heard of One Mount Group.
Also Read: Investing $500 million to build the "Make in Vietnam" Layer 1 blockchain
What is One Mount Group?
One Mount Group is a member company of the Vietnam Blockchain Association (VBA). The company was established in September 2019 with the VinShop application - a specialized retail application that allows independent store owners to develop their business through the supply chain and inventory management supported by technology.
In addition to VinShop, One Mount Group also develops OneU (formerly VinID) - an electronic wallet platform belonging to the Techcombank ecosystem, and OneHousing - a platform providing housing search services, supporting buying, selling, investing and other real estate-related services.
One Mount Group was previously a member company of Vingroup, behind VinID and VinShop, which many Vietnamese people know. The company was established at the end of 2019 with an initial charter capital of over 3,000 billion VND, in which Vingroup held 51.22% of the capital. By July 2021, One Mount's capital was increased to 5,412 billion VND. In March 2022, Vingroup announced that it had transferred part of its ownership and is no longer the parent company of One Mount Group.
One Mount Group's headquarters at One Mount Building, Times City, Hanoi. Source: One Mount GroupOne Mount's headquarters in Hanoi is located in the Times City urban area, with 5 floors, where nearly 700 technology and data engineers work. Currently, the CEO of One Mount Group Joint Stock Company is Ms. Nguyen Thi Diu. The vision of One Mount Group is to become the largest technology ecosystem in Vietnam, creating solutions along the entire value chain, starting from retail, distribution, real estate and financial services.
To date, in the eyes of Vietnamese investors, One Mount Group is a technology group backed by Vingroup, Techcombank, and Masan Group. Therefore, the financial and human resources are extremely large, providing a basis to expect what this company can do for Vietnam's digital economy in the future.
At the National Forum on the Development of Vietnam's Digital Technology Enterprises on January 15, Ms. Nguyen Thi Diu, CEO of One Mount Group, expressed her pride in receiving this important task.
"The Layer 1 blockchain platform that One Mount Group is developing will not only serve regulatory agencies and businesses, but also bring practical benefits to the Vietnamese people, taking the country further in the global digitalization era." - Ms. Nguyen Thi Diu stated.
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