Vietnam Blockchain Market By Component (Platforms and Services), By Provider (Application, Middleware, and Infrastructure), By Type (Private, Public, and Hybrid), By Organization Size (Small and Medium Sized Enterprises, Large Enterprises), By Application Area (Transportation and Logistics, Food & Agriculture, Manufacturing, Energy & Utilities, Healthcare, Media and Entertainment, Banking and Financial Services, IT & Telecom, Others), By Region, Competition Forecast & Opportunities, 2027

Vietnam Blockchain market is anticipated to grow at a double-digit CAGR for the forecast period, 2023-2027. The rise in awareness towards the benefits of buying cryptocurrency remains unaffected by currency devaluation, sending and receiving remittances, and smoothly carrying out business transactions.  Blockchain technology helps improve transparency in financial transaction management. The growing digitalization in all the prominent industry verticals is fostering the demand for the Vietnam Blockchain market in the next five years. 

The rise in venture capital funding and the growing use of Blockchain technology for advanced cybersecurity solutions and the banking sector are the factors influencing the Vietnam Blockchain market. The extensive use of Blockchain solutions for making online transactions and smart contracts is projected to create lucrative opportunities for the Vietnam Blockchain market growth. The launch of bitcoin accelerated the use of Blockchain technology for different purposes. Blockchain is in high demand for business applications comprising digital identity, smart contracts, documentation, exchanges, and the national economy. The government is promoting the adoption of advanced technologies. The high deployment rate of Blockchain technology across prominent industry verticals such as e-commerce, banking, retail is boosting the demand for Blockchain technology in Vietnam.

In Vietnam, initiatives are taken by leading authorities to develop smart cities such as Hanoi, Ho Chi Minh City, Danang, Binh Duong, and Nha Trang, fueling the inculcation of Blockchain technology of the major technologies in smart city construction. The government promotes smart cities to the citizens as they boast of modern and sustainable infrastructure and socio-economic development. The use of combined technologies including Blockchain, 5G, and facial recognition and sensors is propeling the growth of the Vietnam Blockchain market. The proliferation of the 5G technology in Vietnam is expected to create huge growth potential for market growth. The growing demand for the 5G networks from the country’s major industries, including healthcare, energy, transportation, and manufacturing, is also required to develop smart cities, is expected to accelerate the Vietnam Blockchain market growth in the coming five years.    

The Vietnamese government has signed a policy aimed at lowering the volume of cash transactions in the country. The government is promoting cashless technology to increase the transparency and efficient management of secure transaction records for different purposes.  The State Bank of Vietnam and South Korean payment service provider Alliex have developed a network supporting cashless transactions. Local leading authorities are trying to develop the fintech technology in Vietnam, which is expected to use Blockchain technology for technological upgrades. The state agencies working in Vietnam are formulating a road map to guide and create awareness about the use and applications of Blockchain technology.

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The Vietnam Blockchain market is segmented on the basis of component, provider, type, organization size, application area, regional distribution, and company. Based on the component, the market is divided into platforms and services. Based on the provider, the market is divided into application, middleware, and infrastructure. Based on the type, the market is divided into private, public, and hybrid. Based on the organization size, the market is divided into small and medium sized enterprises, large enterprises.

Based on the application area, the market is divided into transportation and logistics, food & agriculture, manufacturing, energy & utilities, healthcare, media and entertainment, banking and financial services, IT & telecom, and others. To analyze the market based on the region, the Vietnam Blockchain market is studied in major regions namely Northern region, Southern region, and Central region.

Ekoios Technology, SOTATEK JSC, InApps Technology, Amaris, Hekate, QSoft Vietnam, Dwarves Foundation, Pearl Data Solutions, Chainos Solution, Techchain Software, are among the major market players in the Vietnam that lead the market growth of the Vietnam Blockchain market.

Report Scope:

In this report, Vietnam Blockchain market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Blockchain Market, By Component:
• Platforms
• Services
• Vietnam Blockchain Market, By Provider:
• Application
• Middleware
• Infrastructure
• Vietnam Blockchain Market, By Type:
• Private
• Public
• Hybrid
• Vietnam Blockchain Market, By Organization Size:
• Small and Medium Sized Enterprises
• Large Enterprises
• Vietnam Blockchain Market, By Application Area:
• Transportation and Logistics
• Food & Agriculture
• Manufacturing
• Energy & Utilities
• Healthcare
• Media and Entertainment
• Banking and Financial Services
• IT & Telecom
• Others
• Vietnam Blockchain Market, By Region:
• North
• South
• Central

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam Blockchain market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Vietnam Blockchain Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]