The Rise in Popularity of Cryptocurrency in Vietnam

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Vietnam has rapidly emerged as a global crypto leader. Chainalysis’s 2025 Adoption Index ranks Vietnam 4th worldwide. Industry reports estimate some 17–20 million Vietnamese, or some 17–20% of the population, now own crypto. This far outstrips global averages, putting Vietnam among the top countries for crypto adoption.

As for transaction volumes, roughly $100–120 billion flows into Vietnam in crypto each year, over 25% of GDP, far exceeding domestic measures, as most trading currently occurs offshore.

Per capita, Vietnam ranks among Asia’s highest, reflecting how deeply crypto use has penetrated everyday life.

There’s more.

70% Unbanked, 80% on Smartphones

Cryptocurrency use in Vietnam is driven by a young, tech-savvy population and economic pressures. Nearly half of Vietnam’s 101 million people are under age 44, and a 2022 survey found about 70% of crypto owners were aged 18–34.

Many younger Vietnamese see crypto as an…

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