Vietnam's crypto market value tops 220 billion USD: Chainalysis

Hanoi, September 30 (VNA) – Vietnam’s crypto market value topped 220 billion USD, placing the country third in the Asia-Pacific (APAC) region.

"In 2025, APAC furthered its status as the global hub of grassroots crypto activity, led by India, Pakistan, and Vietnam, whose populations drove widespread adoption across both centralised and decentralised services," New York-based blockchain analysis firm Chainalysis said in its "2025 Global Adoption Index".

With the market value, Vietnam has potential to become a leading digital asset development centre in Southeast Asia in the coming years.

"In the 12 months ending June 2025, APAC emerged as the fastest-growing region for on-chain crypto activity, with a 69% year-over-year increase in value received. Total crypto transaction volume in APAC grew from 1.4 trillion USD to 2.36 trillion USD, driven by robust engagement across major markets like India, Vietnam, and Pakistan," said Chainalysis.

Statistics show that from July 2024 to June 2025, the Vietnamese crypto market saw a robust growth rate of 55%, which, experts said, signals a shift from a speculative boom to a more mature and sustainable phase of development.

The Vietnamese Government issued Resolution 05/2025 on September 9 regarding the five-year pilot of crypto asset trading. The document highlights Vietnam’s cautious yet progressive entry into regulated cryptocurrency market, establishing strict control and protecting the legitimate rights and interests of both domestic and foreign organisations and individuals./.