Vietnam’s Crypto Boom & Consumer Trends
Vietnam has emerged as a global hotspot for cryptocurrency adoption, with millions of citizens investing in digital assets alongside traditional holdings like stocks, gold, and real estate. In fact, by 2024 an estimated 17 million Vietnamese (roughly 17–21% of the population) owned or used crypto – one of the highest rates in the world. This surge has placed Vietnam at the top of Chainalysis’ Global Crypto Adoption Index [SR1] for multiple years (ranked #1 in 2021 and 2022), and still in the top 5 as of 2024. Vietnamese traders are so active that they reportedly account for about 5% of global crypto trading volume – a remarkable share for a single country.
Vietnam’s Crypto Boom: Retail Mania and Rising Prospects (2018–2025)
Over the past five years, Vietnam’s crypto market has transformed from a niche interest to a mainstream phenomenon. Retail investors have been the driving force behind this boom. Many first-time investors (locally dubbed “F0” investors) flocked to crypto during the 2020–2021 bull market, viewing it as a new avenue for quick profits and financial opportunity. A 2021 survey showed that 20% of Vietnamese [SR2] retail investors were trading cryptocurrencies – surpassing the proportion investing in gold (15%). Since then, crypto user counts have only grown. By 2023–24, Vietnam saw over $100 billion in blockchain-related capital flow into the country, and Vietnamese individuals reaped nearly $1.2 billion in crypto trading profits in 2023, ranking third worldwide behind only the US and UK. This fervor persists despite global market ups and downs – even after the 2022 downturn, Vietnam remained among the leaders in grassroots crypto activity.
Notably, Vietnam’s crypto participation spans both casual retail traders and more sophisticated players. Most activity so far has been retail-driven, with millions of everyday people buying Bitcoin or stablecoins on exchanges. However, a growing cohort of professional and high-net-worth investors is also active – including tech entrepreneurs, crypto fund managers, and seasoned traders who see Vietnam as an emerging crypto hub. The country has produced notable blockchain projects (for example, Sky Mavis of Axie Infinity fame and the Coin98 DeFi platform), indicating a thriving community of crypto developers and early “professional” adopters beyond just hobbyist traders. Still, until recently these professionals and institutions have operated cautiously, given the legal grey area. Overall, the 2020–2025 period in Vietnam has been characterized by explosive retail adoption, massive trading volumes, and the early formation of a domestic crypto industry – setting the stage for more structured growth ahead.
Why Are Vietnamese Trading Crypto? – Speculation and Utility
Are Vietnamese investors merely speculating on crypto, or do they see real utility? The answer is both. Profit-driven speculation has undeniably been a big motivator – the dizzying gains of Bitcoin and other coins lured many to trade for quick returns. As noted, locals collectively earned over a billion USD in crypto profits last year, and social media is rife with success stories of small investors striking it big. But beyond speculative fever, Vietnamese users find genuine utility in cryptocurrencies for several economic and financial needs:
- Hedging Currency and Inflation Risks: Vietnam’s populace has a tradition of hedging against the Vietnamese đồng (VND) due to past inflation and devaluations. Just as older generations held USD or gold to protect savings, young investors see Bitcoin and stablecoins as a modern hedge against fiat instability. Crypto is attractive as a store of value that is not tied to the đồng, especially during periods of VND fluctuation.
- Untaxed, Unrestricted Gains: Until now, Vietnam had no capital gains tax or strict regulation on crypto trading. Crypto holdings and profits have been effectively untaxed, which many see as a loophole allowing them to accumulate wealth freely. Unlike stocks or bank interest, crypto gains weren’t reported or taxed – a clear incentive for savvy investors. (This will likely change with new laws, but for years it was a “tax-free” trade opportunity.)
- Limited Trust in Traditional Assets: As mentioned, trust in the local fiat currency is limited, and bank deposit rates have been low. Many Vietnamese prefer assets outside the traditional financial system. Crypto appeals as an alternative investment that’s accessible to anyone with a smartphone. It promises higher returns than bank deposits and offers diversification from property or stocks. The relative mistrust of the đồng has translated into openness to digital assets that operate independently of government policy.
- Financial Access for the Unbanked: A significant portion of Vietnam’s population remains unbanked or underbanked (estimates put it at ~70% lacking full access to financial services). Crypto platforms and decentralized finance (DeFi) protocols provide these people a way to save, earn interest, borrow, and invest without traditional banks. Indeed, Vietnam has some of the world’s highest DeFi usage – one survey found almost 90% of Vietnamese crypto users engage in DeFi services like lending or yield farming. For many, a crypto wallet was easier to obtain than a brokerage or bank account, effectively acting as a substitute for banking.
- Cheap and Fast Remittances: Vietnam is consistently among the top recipients of remittances globally (e.g. ~$19 billion inflow in 2022). Traditionally, sending money home from abroad via banks or money transfer operators is costly (around 7% fees). Crypto provides a faster, cheaper channel for remittances. Overseas Vietnamese can send USDT or Bitcoin to family back home in minutes, avoiding high fees. Many freelancers and remote workers in Vietnam also now receive payment in stablecoins instead of via international bank wires, to save on conversion and transfer costs. This peer-to-peer usage of crypto as a value transfer mechanism has real utility despite being in a legal grey area.
- Play-to-Earn Gaming and NFTs: An unusual catalyst for crypto uptake in Vietnam has been blockchain gaming. The viral success of Axie Infinity, a play-to-earn game developed by a Vietnamese team, introduced thousands of Vietnamese to crypto around 2021–2022. At its peak, players could earn tokens and NFTs convertible to cash – some were paying school tuition or buying land with GameFi earnings before the Axie token economy cooled. A survey showed over 70% of Vietnamese crypto users have tried GameFi platforms. The prospect of “earn money by gaming” resonated strongly in Vietnam’s youthful population, driving many into crypto who might not have invested otherwise. Similarly, interest in NFTs (digital collectibles) and even emerging SocialFi apps has been high – roughly 3/4 of users have engaged with NFTs, and over half have explored social crypto platforms. These trends suggest Vietnamese users see crypto not just as an investment, but as a new digital economy (in gaming, art, social media) where they can participate and derive value.
In summary, Vietnamese consumers are trading crypto both for speculative gains and for practical purposes. Easy access and lack of regulation made it a tempting arena for quick profit, but deeper drivers – like currency hedging, lack of banking access, remittance needs, and novel digital opportunities – give crypto genuine utility in Vietnam’s context. This helps explain why Vietnam’s crypto adoption ranks so high even compared to other developing economies: it fulfills unmet financial needs while also offering new avenues for wealth creation.
What Crypto Products Are Vietnamese Using Most?
The Vietnamese crypto community is remarkably diverse in the products and assets it uses. Far from sticking only to Bitcoin, users in Vietnam have explored a broad spectrum of crypto services – from centralized trading to decentralized apps. A recent market report found that among Vietnamese crypto enthusiasts surveyed: 91% had used centralized exchanges (CeFi), ~90% had used DeFi protocols, 73.7% had dabbled in NFTs, ~70% in GameFi, and even 55% in emerging “SocialFi” platforms. This indicates a very high engagement across almost all major crypto product categories. In practice, some of the most popular products and platforms include:
- Centralized Exchanges (CeFi): Big international exchanges are the main on-ramp for Vietnamese traders. Binance is especially dominant – Vietnam ranked among the top 4 countries by Binance usage in 2023. Other global exchanges like Bybit, OKX, Huobi, and KuCoin also have significant Vietnamese user bases. These platforms offer hundreds of coins, and many Vietnamese traders actively use features like spot trading, futures/derivatives trading, and staking on them. Derivatives trading in particular has attracted more advanced Vietnamese users (for example, using leverage on Binance Futures to speculate). Until now, these foreign exchanges operated without local regulation, so Vietnamese could easily sign up and trade in peer-to-peer (P2P) markets to convert VND to crypto. Most crypto trading by Vietnamese occurs on such foreign-based exchanges, partly because there was no licensed domestic alternative.
- Local Exchanges and Wallets: Despite the preference for global platforms, Vietnam does have homegrown crypto services that gained traction. One prominent example is ONUS (formerly VNDC) – a Vietnam-founded crypto app. Launched in 2020 as a wallet for the VNDC stablecoin, ONUS evolved into an all-in-one exchange app boasting over 1.5 million installs by 2021 [SR3] (and continued growth since). ONUS offers VND-pegged stablecoin (VNDC), trading of 600+ cryptocurrencies, savings products, and even crypto-backed loans. Its user-friendly Vietnamese interface and integration with local banking made it popular among newcomers. Another well-known platform is Remitano, a peer-to-peer exchange that allows Vietnamese to buy/sell Bitcoin and USDT directly with VND (akin to a crypto marketplace). Remitano has been a go-to P2P platform for years. These local services operate in a gray area (not officially licensed as crypto exchanges), but they filled the demand for VND–crypto conversion. In total, Vietnam hosts around 20 crypto exchanges of varying sizes (mostly unregulated), though none are formally recognized yet. As of now, Vietnamese consumers tend to favor foreign exchanges for liquidity and variety, but local platforms like ONUS have captured a significant user base by tailoring to Vietnamese needs. This balance could shift if domestic exchanges become officially sanctioned under new laws.
- Stablecoins: One category that stands out in Vietnam is stablecoins – cryptocurrencies pegged to stable assets (usually the US dollar). Vietnamese traders heavily use USD-pegged stablecoins like USDT (Tether) and USDC as their de facto trading currency. These stablecoins act as “digital dollars,” allowing easy conversion of volatile crypto into a stable value without leaving the crypto ecosystem. In Vietnam’s active P2P and OTC markets, people freely exchange stablecoins for cash (VND) outside of banks. This is common for moving money in and out of exchanges, and for storing value when one wants to exit a crypto position but avoid holding đồng. Stablecoins are also popular for the remittance and freelance payments use-cases – many overseas workers send USDT home, and freelancers accept USDC for quick, cheap settlement. Additionally, Vietnam has its own domestic stablecoin projects: VNDC (pegged to VND) was an early example, and international firms like Binance even introduced VND-pegged tokens (e.g. BVND). Though these VND stablecoins saw limited traction compared to USD-based ones, they reflect the interest in localized stable crypto value. Overall, stablecoins are among the most-used crypto instruments in Vietnam’s day-to-day trading and transfers, because they bridge the gap between crypto and the familiar stability of fiat currency. We can expect stablecoins (and possibly future central bank digital currencies) to remain central in Vietnam’s crypto scene going forward, especially for payments and asset preservation.
- Bitcoin and Major Altcoins: Of course, Bitcoin (BTC) remains widely owned as a long-term investment and store of value. Surveys indicate Bitcoin is the most commonly held cryptocurrency in Vietnam, but importantly, Vietnamese users typically hold at least two different cryptocurrencies at any given time. This suggests they diversify into various altcoins – anything from Ethereum (ETH) to popular newer tokens. Ethereum is used not just as an investment but also to participate in DeFi apps. Other major coins like BNB (Binance Coin) have a following, given Binance’s presence. In the 2021 bull run, many Vietnamese also chased hot altcoins (for instance, tokens related to GameFi and metaverse projects were extremely popular during that craze). Community anecdotal evidence shows interest in tokens associated with Vietnamese-founded projects (e.g. Axie’s AXS token, Coin98’s C98 token) and in global meme coins when hype arises. Essentially, Vietnamese traders are opportunistic – they’ll trade whatever coins are trending globally, from Dogecoin to DeFi governance tokens, aiming for high returns. Professional traders and crypto fund operators in Vietnam often specialize in altcoin trading and arbitrage, given the country’s sizable share of global volumes. That said, for many everyday users, stablecoins and top assets like BTC/ETH form the core holdings, with smaller allocations to riskier tokens.
In summary, Vietnamese consumers utilize a full range of crypto products. They patronize big global exchanges for reliability and liquidity, while also using local apps for convenience with VND. They trade actively, not only in spot markets but also in futures and yield products. They leverage stablecoins heavily as a tool for trading and remittances. And they engage with cutting-edge areas like DeFi, NFTs, and GameFi at rates that outpace many other countries. This all-around engagement underscores that Vietnam’s crypto adoption is not shallow – users are exploring crypto’s utility in many forms, beyond just holding coins in speculation.
Crypto vs. Other Assets in Vietnam’s Investment Landscape
Cryptocurrency has rapidly risen to become a major part of Vietnamese investment portfolios, especially among the younger generation. Traditionally, Vietnamese savers favored assets like real estate, gold, and bank savings. Gold in particular has cultural importance as a safe store of value, and Vietnam’s housing market has been a popular investment for those who can afford it. However, the last few years have seen crypto rival and even overtake some of these assets in popularity among retail investors. By late 2021, a survey found that cryptocurrencies were being traded by 2 in 10 retail investors, whereas only 15% of investors chose gold – indicating crypto had edged out gold as the more common alternative asset. This is remarkable, given gold’s long history of trust; it suggests many Vietnamese now view Bitcoin and the like as a digital gold.
In comparison to the stock market, crypto also stacks up impressively. Vietnam’s stock market has grown fast (over 3.4 million stock accounts by mid-2021 and aiming for ~10% population participation by 2030), yet crypto adoption (17–20% of the population) already far exceeds stock market participation. The ease of starting with a few hundred thousand đồng in crypto (versus navigating brokerage accounts) lowered the barrier for first-time investors. For those with limited capital, crypto’s fractional nature and high upside was more appealing than, say, real estate (which often requires significant capital and has lower liquidity). There is also a sentiment among some Vietnamese that crypto can yield higher and quicker returns than traditional assets – albeit with higher risk. During the 2021 boom, many experienced far greater gains from crypto trading than they would have from the local stock index or from holding gold. This created a bit of a snowball effect: success stories in crypto attracted more participants, including people who previously might have just kept money in a bank or bought gold bullion.
That said, Vietnamese investors still maintain a mix. Real estate and stocks continue to draw investment – especially as the government encourages stock market development and as property remains a stable wealth storage. Cryptocurrency, however, has firmly established itself as a parallel asset class in Vietnam. It’s notable that Vietnam’s contribution to global crypto activity is disproportionately high relative to its GDP – indicating that crypto plays a larger role in Vietnamese financial life than in many other countries. In terms of daily usage: while people are not using crypto to buy coffee (since it’s not legal tender), they are using it extensively to move funds and as an investment vehicle. As the market matures, we may see crypto investment being compared to stock investing as a common discussion among urban Vietnamese, much like how retail stock trading became a trend in recent years. In short, crypto has transitioned from a fringe hobby to a mainstream asset class in Vietnam, alongside stocks, bonds, gold, and property, and in some respects has outshined traditional assets in both adoption rate and mindshare among younger investors.
The Road Ahead: Regulation, Adoption Projections, and Consumer Benefits
Looking forward, Vietnam’s crypto ecosystem is on the cusp of significant change. After years of regulatory ambiguity, the government is enacting new laws and frameworks that will shape the market’s evolution through 2030. In June 2025, Vietnam’s National Assembly approved the Law on Digital Technology Industry, which for the first time legally defines crypto assets and provides a basis for regulating them. This law (effective Jan 1, 2026) classifies digital assets into “virtual assets” and “crypto assets,” officially recognizing that cryptocurrencies are a legitimate asset class (though not legal tender). It mandates that government agencies set out criteria for managing these assets, integrate anti-money-laundering safeguards, and generally pull the crypto market out of the “grey zone” and into a regulated space.
How will these new laws benefit consumers and change the crypto landscape? In broad terms, the introduction of clear regulation is expected to increase protection and confidence for Vietnamese crypto users. Under the previous vacuum of law, investors had virtually no legal recourse if they were scammed or if an exchange collapsed, and the police found it tricky to prosecute crypto-related fraud. With a legal framework, authorities can set standards for exchanges and digital asset businesses – such as licensing requirements, security and solvency checks, and KYC/AML rules – which should make the environment safer. As one blockchain association leader noted, the new law is hoped to “establish a legal corridor to protect consumers,” provide dispute resolution mechanisms, and bring underground crypto activity into the formal economy. Consumers will benefit from greater transparency (e.g. knowing which exchanges are licensed and accountable) and reduced risk of fraud, as the worst actors can now be prosecuted under clearer statutes. In short, investing in crypto should become more secure and mainstream, encouraging even more Vietnamese to participate with less fear.
The government’s stance is also shifting from cautious tolerance to actively leveraging crypto for economic growth. Vietnam has declared ambitions to be a regional leader in blockchain by 2030, integrating blockchain across sectors and fostering homegrown crypto innovation. As part of this strategy, authorities are setting up pilot programs and “sandbox” initiatives. For example, the Ministry of Planning and Investment in early 2025 proposed piloting licensed cryptocurrency exchanges in special financial centers (Hanoi, HCMC, Da Nang). This controlled sandbox will allow select crypto trading platforms to operate under supervision, essentially test-driving how a regulated exchange might function in Vietnam. If successful, it could pave the way for full legalization of domestic crypto exchanges open to the public. Consumers stand to gain enormously from this: they could soon have the option of trading on locally regulated exchanges with VND pairs, rather than relying on offshore platforms. That means easier fiat on-ramps, potentially lower fees, and legal protections if something goes wrong. It also means Vietnamese startups (like the aforementioned ONUS) could openly compete and innovate, offering better services tailored to Vietnamese users. Until now, many Vietnamese crypto businesses had to register abroad (in Singapore, Lithuania, etc.) to operate, due to the unclear laws, which “reduces the country’s competitive advantage” and results in lost tax revenue. With new laws, these businesses can be domestic, contributing to the local economy and serving users under Vietnam’s rules.
Adoption projections up to 2030 are optimistic given these developments. Vietnam is already in the top tier globally for crypto usage, and all signs point to continued growth. Some estimates (from payment firm Triple-A) put Vietnam’s crypto ownership at over 20% of the population in 2024. By 2030, with greater regulatory clarity and integration, that figure could swell further – perhaps one-quarter or more of Vietnamese adults could be crypto users by decade’s end, making it as common as owning a bank account. The nature of usage might evolve as well: we may see more institutional and professional investment once legal frameworks are in place. Banks and investment funds could start allocating to crypto or offering crypto products to clients. Vietnam’s government itself might launch a central bank digital currency (CBDC) by 2030 (the central bank is researching a blockchain-based digital đồng), which could coexist with private cryptos. The convergence of crypto with traditional finance is a likely theme – for instance, we might have licensed crypto exchanges linked with banking apps, so users can seamlessly move between VND and crypto investments.
For consumers, the future crypto ecosystem promises a richer array of services: regulated exchanges, legally-recognized custody solutions, possibly crypto ETFs or tokenized stocks, and more reliable stablecoin usage for payments. Crucially, the stigma or uncertainty will fade – owning crypto in 2030 could be as normal as owning stocks or mutual funds in Vietnam. The government’s blockchain strategy even envisions Vietnam hosting 20 prominent blockchain companies and multiple blockchain “hub” zones by 2030, which suggests local innovation (in areas like DeFi, GameFi, supply chain, etc.) will flourish. As these companies develop new applications, Vietnamese consumers could benefit from homegrown platforms that address local needs (for example, blockchain-based remittance apps custom-built for Vietnam’s overseas worker community, or tokenization of real estate to allow easier investment in property). In sum, by 2030 Vietnam is projected not just to have high crypto usage, but to be a leading center of crypto innovation, which will further drive consumer adoption in a virtuous cycle.
Foreign vs. Local Exchanges: A Shift on the Horizon
One notable aspect likely to change under new regulations is the dynamic between foreign and local crypto exchanges in Vietnam. Up to now, as noted, foreign exchanges (especially Binance) have captured the lion’s share of Vietnamese trading activity. Vietnamese users favored these platforms for their deep liquidity and wide selection of coins – even though using them meant operating outside Vietnamese law (and thus at one’s own risk). Local exchanges existed but had to base themselves offshore or operate quietly. With legalization, we can expect Vietnamese authorities to encourage usage of compliant, Vietnam-based exchanges (or international exchanges that register and comply locally). Consumers may soon face incentives to trade on licensed domestic platforms – for example, banks might only seamlessly integrate with licensed exchanges, or there may be penalties for using unregistered foreign services once local options are available. This could lead to a gradual shift where Vietnamese consumers increasingly favor licensed “homegrown” exchanges for their crypto needs, due to trust and legal assurance.
The bottom line for consumers is positive: they will have more choices, and safer choices, when it comes to crypto trading. Competition between exchanges (local startups vs. global players adapting to Vietnam’s rules) could yield better fees and products. Government oversight should reduce the prevalence of scams – today, Vietnam unfortunately has had many crypto scam cases (Ponzi schemes, fake tokens, etc.) taking advantage of uneducated investors. With official supervision, such schemes will be harder to run, and legit businesses will dominate, improving overall consumer confidence.
Outlook: Vietnam’s Crypto Future and Vemanti’s Strategic Bet
Vietnam’s crypto market is poised for continued expansion, and one company positioning itself to benefit from these trends is Vemanti Group through its merger with ONUS Pro. ONUS Pro, as mentioned earlier, is one of Southeast Asia’s recognizable exchanges, offering a full ecosystem (600+ listed assets, wallet, yield products) and a user base in the millions. By taking full ownership, Vemanti is aligning itself directly with Vietnam’s crypto boom. Here’s how Vemanti/ONUS are set to benefit from the current trends:
- Capturing Vietnam’s User Growth: Vietnam already has 17–20 million crypto users and counting, and legal clarity is expected to invite even more participants. ONUS Pro, with its roots in Vietnam’s community, stands to onboard a large share of new users who seek a trusted, locally-attuned platform once regulations kick in. Vemanti’s CEO noted ONUS Pro has shown “strong fundamentals and consistent growth” – the exchange’s momentum is such that Vemanti raised its 2025 revenue forecasts above $30 million on the back of ONUS’s performance. Essentially, as Vietnam’s trading volumes swell (Vietnam is ~5% of global volume today), ONUS/Vemanti’s revenues from trading fees and services should scale accordingly.
- Bridging Traditional Finance and Crypto: Vemanti is leveraging ONUS to create integrated fintech solutions. They have entered strategic partnerships with Vietnamese digital banking platforms like “xBank” to bridge blockchain assets with traditional banking services. This is a forward-thinking move anticipating a world where a user might have, say, a bank account and a crypto account linked, able to move funds between them seamlessly. By targeting retail clients and SMEs, Vemanti hopes to offer “compliant and accessible” financial solutions that combine the stability of banking with the innovation of crypto. Given Vietnam’s large unbanked population and SME economy, such integration could be very popular – imagine small businesses using a platform that converts crypto to fiat instantly for payments, or individuals getting crypto-backed loans via a banking app. Vemanti, through ONUS and xBank, is positioning to serve this emerging demand.
- Stablecoin Remittances and Payments: Recognizing Vietnam’s huge remittance market, Vemanti is also working on a USD-backed stablecoin (USDV) and looking at regulatory pathways (like the U.S. GENIUS Act) to deploy it. The idea is to provide a compliant cross-border payment solution linking U.S. financial infrastructure with Southeast Asia’s need for secure remittances. In plain terms, Vemanti could facilitate a Vietnamese worker in the U.S. to send money home via a USDV stablecoin that is legally recognized, fast, and low-cost – tapping into that $19 billion/year remittance flow. This plays directly to Vietnam’s crypto strength (remittance use-case) while ensuring regulatory clarity and backing (something current informal crypto remittances lack). If successful, Vietnamese consumers would benefit by having cheaper and faster ways to receive money or make international payments, all under proper safeguards. And Vemanti, as the provider of that service through ONUS/USDV, would gain a strong user base and transaction volume.
- First-Mover Advantage in a Regulated Market: With the new laws, Vietnam will likely license a few exchanges to operate officially. ONUS Pro, especially now backed by a publicly-traded U.S. company (Vemanti), will be in an excellent position to secure such licensing or sandbox approval. Its early entry and compliance-ready structure (ONUS’s exchange arm is actually headquartered in Lithuania as Onus Finance UAB, adhering to EU regulations) give it credibility. Should ONUS become one of the regulated exchanges in Vietnam’s new legal era, it could grab a lion’s share of the market from foreign platforms, as local users and even institutions choose the domestically sanctioned option. Vemanti’s full ownership ensures it can move quickly to scale ONUS’s operations to meet this rising demand. As Vemanti stated, with full control they can “expand more effectively and scale with greater confidence” to capitalize on market opportunities. In essence, Vemanti’s merger with ONUS is a bet that Vietnam’s crypto growth will accelerate under regulation, and that a compliant, integrated exchange will thrive. Early signs support this: ONUS Pro’s user activity has remained strong, allowing Vemanti to project robust revenues in the coming years.
Overall, Vietnam’s consumers and companies alike are poised to benefit from the cryptocurrency wave. Consumers will enjoy a safer, more diverse crypto ecosystem with the introduction of thoughtful regulations – gaining more avenues to invest, transact, and innovate with digital assets. They’ll be able to leverage crypto for everything from long-term wealth building to day-to-day financial needs (loans, remittances, payments) in a way that complements the traditional financial system. Meanwhile, companies like Vemanti (with ONUS) that have positioned themselves at the intersection of these trends are set to reap rewards. By providing the platforms and products that Vietnamese users demand – exchange services, stablecoins, bank integrations – they will not only benefit commercially but also drive further adoption by enhancing utility. Vietnam’s crypto journey from 2018 to 2025 has been extraordinary, and if projections hold, by 2030 the country will be a true crypto powerhouse – with a vibrant regulated market that continues to lead in global adoption and innovation in the cryptocurrency space.
Sources:
Experts urge strong regulation as Vietnam sees crypto surge - Vietnam Economic Times | VnEconomy
Cryptocurrency exchange pilot proposed for financial centres | Vietnam+ (VietnamPlus)
Vietnam Legally Defines Crypto in Newly Approved Legislation
The rise of Vietnam’s retail investors - UK Investor Magazine
itself as one of the pioneering countries in blockchain.
Five reasons why Vietnam’s crypto usage is so high
Stablecoins in Vietnam: Current situation and prospects – Savyint
Thank you.
Disclaimer:
This article may contain forward-looking statements, which are subject to risks and uncertainties. Actual results may differ materially, and Vemanti Group, Inc. (“Vemanti”) undertakes no obligation to update such statements except as required by law. The content is provided for informational purposes only and does not constitute investment, legal, tax, or accounting advice, nor an offer or solicitation to buy or sell any security, product, or service. Descriptions of products, services, or features are general in nature, may be restricted or unavailable in certain jurisdictions, and are subject to change without notice. Data, statistics, and third-party information are provided “as is,” may contain errors or inaccuracies, and should not be relied upon without independent verification. The Company disclaims any liability for reliance on this content. All trademarks and brands are the property of their respective owners.
