Vietnam Crypto Market Value Calculator
Market Overview
Based on recent data, Vietnam's cryptocurrency market reached $91 billion in annual value received in 2024-25. The market is projected to grow at a CAGR of 9.4% until 2033, potentially reaching $22.38 billion in internal valuation.
Projected Market Value
Key Market Metrics
Ranking: 3rd in APAC, 5th globally
Population Engaged: 21.2 million adults (22% of population)
Daily Trading Volume: Over $600 million
Monthly Trading Volume: Above $185 billion
When you hear Vietnam cryptocurrency market is a fast‑growing ecosystem that pulled in roughly $91billion in crypto value last year, you instantly picture a bustling on‑chain economy buzzing with traders, developers, and everyday users. Ranked third in the Asia‑Pacific region by market value, the sector now sits at the crossroads of massive retail adoption, deep‑tech talent, and a cautiously progressive regulatory framework.
Quick Takeaways
- Annual crypto value received in Vietnam hit about $91billion in 2024‑25.
- Vietnam ranks 3rd in APAC by market size and 5th globally, behind India and Pakistan.
- More than 21million adults (≈22% of the population) have owned or used crypto assets.
- Daily trading volumes regularly exceed $600million, with monthly totals above $185billion.
- Regulatory pilot program launched in September2024 provides a structured pathway for institutional participation.
Market Size and Ranking
According to Chainalysis’s 2025 Global Adoption Index, the Vietnam cryptocurrency market is valued at roughly $220billion, making it the third‑largest in the Asia‑Pacific region after India and Pakistan. The same report placed Vietnam fifth worldwide, confirming its status as a global crypto hub.
IMARC Group projects the market’s internal valuation at $9.97billion in 2024, with a compound annual growth rate (CAGR) of 9.4% expected between 2025 and 2033. By 2033 the market could surpass $22.38billion, more than doubling its current size.
Transaction Volumes: The $91B Figure Explained
Annual crypto value received-meaning the total on‑chain worth of assets moving into Vietnamese wallets-stood at $91billion for the fiscal year ending June2025. This translates to an average of $7.6billion per month and a daily average that comfortably tops $600million.
Monthly on‑chain activity stayed above $185billion through mid‑2025, even after a modest dip following the December2024 peak. The consistency of these volumes signals that the market has moved beyond a speculative boom and entered a more sustainable, usage‑driven phase.
Growth of 55% between July2024 and June2025 underscores the momentum. Chainalysis analysts note that the region’s on‑chain value received grew 69% year‑over‑year, with Vietnam contributing a sizable share of that jump.
Key Drivers Behind the Surge
Mobile‑first financial services have been a catalyst. With smartphone penetration exceeding 85%, Vietnamese users can access DeFi platforms, GameFi apps, and centralized exchanges with a few taps.
The country’s tech talent pool is another powerhouse. Over 560000 IT professionals work in Vietnam, and roughly 55000 fresh graduates enter the workforce each year, most under the age of 35. This youthful, skilled base fuels innovation in areas like decentralized finance, blockchain infrastructure, and play‑to‑earn gaming.
Notable home‑grown projects have raised Vietnam’s profile globally. Axie Infinity and its Ronin sidechain, launched by Sky Mavis, demonstrated the country’s ability to build worldwide‑used blockchain products. The success of these projects attracted venture capital, spurring further development of wallets, DEXs, and NFT marketplaces.
Education and internet access also play a part. IMARC analysts highlight government‑backed digital literacy programs and a steady rise in broadband coverage, which together lower barriers to entry for new users.
Regulatory Landscape: From Caution to Collaboration
In September2024 the Vietnamese government issued Resolution No.9, initiating a five‑year pilot program for crypto‑asset trading. The framework sets clear rules for capital controls, AML/KYC compliance, and consumer protection while allowing both domestic and foreign participants to operate under oversight.
Although the pilot maintains strict controls, it signals a shift from outright bans to a more nuanced approach that balances innovation with risk management. This regulatory clarity is already encouraging institutional players to explore market‑making, staking services, and custodial solutions.
The government’s stance also protects retail investors by mandating transparent fee structures and dispute‑resolution mechanisms, which helps build trust in the ecosystem.
Regional Comparison
| Country | Annual Value Received | APAC Rank (Market Value) | Key Drivers |
|---|---|---|---|
| India | ≈$150 | 1 | Massive retail base, aggressive exchange growth |
| Pakistan | ≈$110 | 2 | High remittance use, early DeFi adoption |
| Vietnam | ≈$91 | 3 | Mobile‑first finance, tech talent, supportive pilot |
The table shows Vietnam punching well above its weight. While India and Pakistan lead in sheer volume, Vietnam combines a relatively smaller population with deeper per‑user activity, thanks to its mobile ecosystem and a strong developer community.
Future Outlook and Opportunities
Analysts at IMARC anticipate the market reaching $22.38billion by 2033. This growth will be powered by three converging trends:
- Institutional entry: The 2024 pilot program paves the way for banks and asset managers to offer crypto services.
- Expansion of DeFi and GameFi projects built locally but used globally, creating export‑style revenue.
- Integration with the broader digital economy projected at $45billion in 2025, linking payments, e‑commerce, and blockchain.
Potential challenges remain. Regulatory adjustments could tighten capital controls, and global market volatility may affect retail sentiment. However, the country’s large, tech‑savvy user base-21.2million adults already engaged with crypto-provides a buffer against short‑term shocks.
For investors and entrepreneurs, Vietnam offers a fertile ground for:
- Layer‑2 scaling solutions tailored to mobile networks.
- Cross‑border remittance platforms that leverage low‑cost on‑chain transfers.
- Education‑tech products that upskill the next wave of blockchain developers.
Overall, the $91billion figure is less a headline number and more a signpost indicating that Vietnam has become a core engine of global crypto activity.
Frequently Asked Questions
How is the $91billion figure calculated?
The number aggregates all on‑chain transfers of crypto assets into wallets that can be linked to Vietnamese residents during the fiscal year. Data providers like Chainalysis track wallet activity, apply geolocation heuristics, and sum the market value of received assets using end‑of‑day USD prices.
What cryptocurrencies dominate the Vietnamese market?
Bitcoin and Ethereum remain the top two by volume, but stablecoins (USDT, USDC) account for over 30% of daily transfers. Meanwhile, native tokens such as Ronin’s RON and various DeFi governance tokens have strong community backing.
Is crypto trading legal in Vietnam?
The government does not permit cryptocurrencies as legal tender, but it allows trading, holding, and investment under the 2024 pilot program. Participants must comply with AML/KYC rules and operate on licensed platforms.
How does Vietnam compare to other APAC countries?
Vietnam ranks third in APAC by market value, behind India and Pakistan. Unlike markets that rely heavily on remittance flows, Vietnam’s strength lies in mobile‑first finance, a youthful developer base, and a rapidly maturing regulatory sandbox.
What are the biggest risks for investors?
Regulatory shifts, price volatility, and potential liquidity squeezes on local exchanges are the primary concerns. Diversifying across assets and using reputable, compliant platforms can mitigate many of these risks.
Stefano Benny
June 17, 2025 AT 05:38Yo, the Vietnam crypto scene is basically a bull run on steroids. The $91B figure is insane and the CAGR of 9.4% is like a meme coin on steroids 🚀. Everyone’s talking about the ranking, but the real juice is in the daily volume crushing $600M. This market is a total liquidity goldmine for any DeFi hacker.
Jenae Lawler
June 19, 2025 AT 13:11While one might marvel at such flamboyant statistics, it is essential to contextualize these numbers within a broader macroeconomic framework. The projection, however optimistic, neglects the regulatory headwinds that could attenuate growth. Moreover, the hyperbole surrounding "rankings" merely obscures substantive analysis. In sum, prudence must temper exuberance.
Prince Chaudhary
June 21, 2025 AT 15:11Respectfully, the data highlights a vibrant community, yet we should keep expectations realistic. Sustainable growth will hinge on education and infrastructure.
katie littlewood
June 23, 2025 AT 14:25Well, let me paint a vivid picture for you all-imagine a bustling digital bazaar where neon‑lit graphs flicker like lanterns in a midnight market. Vietnam’s crypto arena, currently sparkling at a staggering $91 billion, isn’t just a number; it’s the heartbeat of a nation eager to innovate. The 9.4% CAGR, projected through 2033, reads like a promise whispered in the corridors of Hanoi’s tech incubators, urging us to envision a future where digital assets are as commonplace as a cup of cà phê sữa đá. Think of the 21.2 million adults already dipping their toes into the market-that’s roughly one‑fifth of the population, a demographic tide that propels daily trade volumes beyond the $600 million mark.
Every transaction, every swap, is a brushstroke on a sprawling canvas that paints Vietnam as the 3rd‑largest player in APAC and the 5th globally. The sheer scale of monthly volume-over $185 billion-suggests an ecosystem humming with liquidity, ready to absorb new projects and investors alike.
Yet, numbers alone don’t tell the whole story. The cultural fervor surrounding cryptocurrency here is palpable; youths gather in coworking spaces, discussing tokenomics over street‑food, while seasoned financiers debate regulatory pathways in boardrooms.
Infrastructure is keeping pace, with exchanges bolstering security protocols and fintech startups forging bridges between traditional banking and blockchain.
On the policy front, the government’s cautious yet progressive stance provides a fertile ground for innovation without stifling growth.
But let’s not forget the challenges: volatility, education gaps, and the looming specter of global regulatory shifts that could ripple through these promising figures.
In the end, the narrative is one of exhilarating potential tempered by pragmatic foresight, a dance between ambition and responsibility that will define Vietnam’s crypto destiny for years to come.
Chad Fraser
June 25, 2025 AT 10:51Totally agree with the vibes here-Vietnam is on fire! If you’re looking to dive in, start small and stay curious. The community is pretty welcoming, so don’t hesitate to ask for tips.
Jayne McCann
June 27, 2025 AT 04:31Honestly, these numbers look too good to be true. I think people are ignoring the risks.
Richard Herman
June 28, 2025 AT 19:25From a cultural standpoint, Vietnam’s embrace of crypto reflects a broader openness to digital transformation. It’s a great example of how technology can bridge economic gaps while fostering global collaboration.
Parker Dixon
June 30, 2025 AT 07:31🥳 The growth trajectory is impressive, but let’s break down what that means for everyday users. A 9.4% CAGR suggests consistent, moderate expansion-perfect for long‑term holders. Keep an eye on regulatory updates, though; they can shift sentiment fast. Stay diversified and enjoy the ride! 🚀
Mark Camden
July 1, 2025 AT 16:51One must acknowledge that the optimism surrounding Vietnam’s crypto market is often overstated. While the figures are compelling, they ignore systemic challenges such as market manipulation and insufficient consumer protections. Moreover, the reliance on speculative trading can destabilize the broader financial ecosystem. Therefore, a more cautious appraisal is warranted.
Evie View
July 2, 2025 AT 23:25Ugh, another hype train with no real substance. These projections are just wishful thinking. People get burned every time they chase these numbers.
Sidharth Praveen
July 4, 2025 AT 03:11Let’s stay positive-there’s real potential for growth if we keep educating newcomers. The market can thrive with responsible participation.
Sophie Sturdevant
July 5, 2025 AT 04:11Sure, the optimism is great, but we must also focus on building robust infrastructure. Without solid foundations, the risk of crash remains high. Encourage best practices now.
Nathan Blades
July 6, 2025 AT 02:25Philosophically, the rise of crypto in Vietnam invites us to reconsider the nature of value itself. Are we redefining trust by decentralizing it? Each transaction becomes a small act of collective agreement, a micro‑social contract. The market’s momentum is akin to a Socratic dialogue-constantly questioning, never settling.
Somesh Nikam
July 6, 2025 AT 21:51Indeed, the philosophical angle is fascinating. That said, practical steps like clear tax guidelines will foster confidence among users. Clear communication is key.
Jan B.
July 7, 2025 AT 14:31Clear guidelines will help. Users need certainty.
MARLIN RIVERA
July 8, 2025 AT 04:25The data is misleading and people are being duped by hype. This market is a bubble waiting to burst.
Debby Haime
July 8, 2025 AT 15:31Everyone, keep the energy up! Positive vibes can drive better outcomes. Let’s support each other as the market evolves.
emmanuel omari
July 8, 2025 AT 23:51National pride aside, the reality is that these numbers will attract foreign interference and destabilize local economies. You need to be realistic about the geopolitical fallout.
Andy Cox
July 9, 2025 AT 05:25Interesting data, watching the market evolve.