According to #TechSci Research Report- Vietnam Blockchain market is anticipated to grow at a double-digit CAGR for the forecast period, 2022-2026. 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. Report URL : https://www.techsciresearch.com/report/vietnam-blockchain-market/8077.html #marketresearch #consultingfirms #marketintelligence

1. MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
2016 – 2026
VIETNAM BLOCKCHAIN MARKET
FORECAST & OPPORTUNITIES

2. 2
Scope of Report
Product of Interest (POI): Blockchain
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2026 – 2026
Year Range
Blockchain is a system of recording information in a way that makes it difficult or
impossible to change, hack, or cheat the system. A blockchain is essentially a digital
ledger of transactions that is duplicated and distributed across the entire network of
computer systems on the blockchain.
Market Segmentation
• Transportation and Logistic
• Food & Agriculture
• Manufacturing
• Energy & Utilities
• Healthcare
• Media and Entertainment
• Banking and Financial Services
• IT & Telecom
• Others
COMPONENT
• Platforms
• Services
REGION
• Northern
• Southern
• Central
PROVIDER
• Application
• Middleware
• Infrastructure
APPLICATION AREA
TYPE
• Private
• Public
• Hybrid
ORGANIZATION SIZE
• Small and Medium Sized Enterprises
• Large Enterprises

3. 3
Ta b l e o f C o n t e n t s
S. No. Contents Page No.
1. Service Overview (Definition of product and major terminologies used in the report)
2. Research Methodology (Detailed description of the methodology used to conduct the research,
Raw data backup, list of all secondary sources, List of respondents for primary surveys)
3. Executive Summary (This chapter covers summary of the complete study.)
4. Voice of Customer
5. Vietnam Blockchain Market Outlook, 2016-2026F (This chapter includes a brief overview of
the product of interest market such as total market’s growth rate, expected growth rate, key
growth levers, leading region, top grossing product types, etc. It includes more of a qualitative
information about the market.)
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Component (Platforms and Services)
5.2.2. By Provider (Application, Middleware, and Infrastructure)
5.2.3. By Type (Private, Public, and Hybrid)
5.2.4. By Organization Size (Small and Medium Sized Enterprises, Large
Enterprises)
5.2.5. By Application Area (Transportation and Logistics, Food & Agriculture,
Manufacturing, Energy & Utilities, Healthcare, Media and Entertainment,
Banking and Financial Services, IT & Telecom, Others)
5.2.6. By Region
5.2.7. By Company (2020)
5.3. Product Market Map

4. 4
Ta b l e o f C o n t e n t s
S. No. Contents Page No.
6. Vietnam Private Blockchain Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Component
6.2.2. By Provider
6.2.3. By Organization Size
6.2.4. By Application Area
6.2.5. By Region
7. Vietnam Public Blockchain Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Provider
7.2.3. By Organization Size
7.2.4. By Application Area
7.2.5. By Region

5. 5
Ta b l e o f C o n t e n t s
S. No. Contents Page No.
8. Vietnam Hybrid Blockchain Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Provider
8.2.3. By Organization Size
8.2.4. By Application Area
8.2.5. By Region
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends and Developments
11. Policy & Regulatory Landscape
12. Impact of COVID-19 on Vietnam Blockchain Market
13. Vietnam Economic Profile
14. Competitive Landscape

6. 6
Ta b l e o f C o n t e n t s
S. No. Contents Page No.
14.1. Company Profiles
14.1.1. Company Details
14.1.2. Products & Services
14.1.3. Financials (As Reported)
14.1.4. Key Market Focus & Geographical Presence
14.1.5. Recent Developments
14.1.6. Key Management Personnel
15. Strategic Recommendations (Based on the findings of the report strategic
recommendations on how to enter and expand market share)
16. About Us & Disclaimer

7. RESEARCH
METHODOLOGY

8. 8
Research Methodology
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the Vietnam blockchain
market, overall market size
and segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the Vietnam blockchain
market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Final Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Websites
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
 Associations, etc.
Secondary
Research
Primary Research

9. 9
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of Vietnam blockchain market. The team has
market, while considering the major influencing factors such as rise in awareness towards the benefits of buying cryptocurrency remains
and receiving remittances, and smoothly carrying out business transactions. The study includes market forecasting, which would enable
planning their strategy to achieve sustainability in Vietnam blockchain market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through
exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as blockchain companies,
and other industry participants.
• The team interviewed more than 40 – 50 blockchain companies, 180 – 200 end users, and 15 – 20 industry experts and other value
market to obtain the overall market size from 2016-2020, which was validated by the Delphi technique. Taking standard deviation
out, to arrive at the market size data during 2016-2020.

10. 10
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by component, by provider, by type, by organization size, by application area, by region
and by each region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were
considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares by component, by provider, by type, by organization size, by application area, by region and by each region were calculated based on the responses received through
primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various market segments. The final shares were
calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Vietnam blockchain market, TechSci Research used
various forecast techniques such as:
 Moving Average
 Time Series Analysis
 Regression Analysis
 Econometric and Judgmental Analysis

11. 11
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during
short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market
including market share data.
Partial List of Companies Interviewed Key Secondary Sources
 Ekoios Technology
 SOTATEK JSC
 InApps Technology
 Amaris
 Hekate
 QSoft Vietnam
 Dwarves Foundation
 Pearl Data Solutions
 Chainos Solution
 Techchain Software
 World Bank
 TechSci Research Proprietary Database & Knowledge Repository
 Company Annual Reports
 Industry Magazines
 Industry Reports
 News Dailies
 Credible Paid Databases

12. 12
Industry Brief
Vietnam Blockchain Market to be dominated by Public Blockchain till 2026
High-end foreign investments and the growing middle-class population are driving the growth of Vietnam Blockchain Market in the forecast period, 2022-2026.
According to TechSci Research report, “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, 2026”, the Vietnam Blockchain market is expected to witness steady growth in the forecast period, 2022-2026. Vietnam's
flourishing national economy and favorable government policies creating an ideal start-up environment are driving the formation and development of many fintech start-ups.
Increasing digitalization across industries and the high demand for improved transparency in digital transactions are expected to boost the Vietnam Blockchain market growth.
However, the rise in security and privacy concerns may restrain the Vietnam Blockchain market growth in the forecast period. The Vietnam Blockchain market is segmented on
the basis of component, provider, type, organization size, application area, competitional landscape, and regional distribution.
On the basis of the component, the Vietnam Blockchain market is divided into platforms and services. The platforms segment is expected to witness huge growth in the forecast
period, 2022-2026. Customized digital ledger networks for end users are designed by the digital ledger network and application developers by using the platforms in Blockchain
technology. The growing demand for different platforms including Ripple, Ethereum, R3 Corda, Hyperledger Fabric in several industries is influencing the market demand.
On the basis of the type, the Vietnam Blockchain market is divided into private, public, and hybrid. The public segment is expected to hold the largest market share in the forecast
period. A public Blockchain can be defined as the public portal and anyone can join the public network as it has no restrictions on the participation of people. Blockchain
technology helps in the creation of decentralized system and offers maximum security to the consumers. The presence of reliable and strong internet connection enables the
users to easily log into the system which is irrespective of the type of device and device location. Everything in public Blockchain is recorded, public and cannot be changed.
On the basis of the organization size, the Vietnam Blockchain market is divided into small and medium sized enterprises and large enterprises. The large enterprises segment is
expected to dominate the market in the predicted period. The growing need for digital services among different business channels and the high investment for enhanced security
is the driving factor contributing to the growth of Blockchain technology in the large enterprises segment.
On the basis of the application area, the Vietnam Blockchain market is divided into transportation and logistics, food & agriculture, manufacturing, energy & utilities, healthcare,
media and entertainment, banking and financial services, IT & telecom, and others. The banking and financial services are expected to witness the fastest incremental growth in
the next five years. The growing investments in the Blockchain technology by the financial service providers and growing demand for transparency in the digital transactions is
expected to contribute to the market demand.
“The government is promoting advanced technologies, including Blockchain and the internet of things, by allocating huge funds for technological advancements in the country.
The growing demand for IoT technology for applications such as vehicular connectivity, smart homes, smart grids, and smart transportation fuels the need for Blockchain
technology as it helps create a decentralized network of IoT devices, eliminating the need for central communication between them the devices. An increase in the number of
cyber-attacks is fueling the demand for Blockchain-infused IoT, which offers higher security measures and helps optimize the time spent in communication. The growing use of
advanced technologies and the development of solid ICT infrastructure is expected to propel the growth of the Vietnam Blockchain market till 2026” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management consulting firm.

13. 13
Sample Data - Snapshot
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00
2016 2020 2021E 2026F
By Value (USD Million)
CAGR BY VALUE: XX% CAGR BY VALUE: XX%
Vietnam Blockchain Market Size, By Value (USD Million), 2016–2026F
Vietnam Private Blockchain Market Share, By Component, By
Value, 2016–2026F
50%50%50%50%50%50%50%50%50%50%
50%
50%50%50%50%50%50%50%50%50%50%
50%
Services
Platforms
Vietnam Blockchain Market Share, By Organization Size, By Value,
2016–2026F
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
Large
Enterpri
ses
Small
and
Medium
Sized
Enterpri
ses
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
2016
2018
2020
2022F
2024F
2026F
Transportation and Logistics Food & Agriculture Manufacturing
Energy & Utilities Healthcare Media and Entertainment
Banking and Financial Services IT & Telecom Others
Vietnam Blockchain Market Share, By Application Area, By Value, 2016–2026F

14. 14
Report Ordering
Report Name: VIETNAM BLOCKCHAIN MARKET
FORECAST & OPPORTUNITIES
2016 – 2026
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15. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality
analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global
company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it
considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible
for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the
subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this
document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior
approval of TechSci Research.
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