Vietnam is currently among the top 7 in the world in terms of the number of people holding digital assets, with approximately 17 million regular participants, and at times this number has exceeded 21 million.
Amidst the continued expansion of the global market, major financial institutions are offering optimistic forecasts. JPMorgan estimates that the global cryptocurrency market Capital could reach approximately $10 trillion by 2030, more than tripling the current level of around $3.1 trillion. The Medium 24-hour volume of the entire market is hovering around $100 billion, indicating increasing liquidation and investor participation. Notably, Vietnam is ranked among the most vibrant cryptocurrency markets in the world, with annual cryptocurrency volume exceeding $200 billion by July 2025, a figure that clearly reflects the popularity and acceptance of this new asset class in society.
According to numerous international statistics, the rapid development of the Vietnamese market is reflected not only in volume but also in the rate of user growth. With approximately 17 million accounts owning digital assets, and at one point exceeding 21 million participants, Vietnam not only ranks among the top 7 globally but also among the top 3 in the Asia-Pacific region. This large user base and rapid growth rate are opening up significant opportunities for the digital economy, fintech, and innovation, while also creating an urgent need to improve the legal framework, risk management, and protection of individual investors.
At a thematic dialogue on the legal aspects and development models of Vietnam's digital asset market organized by VnEconomy, Nguyen Van Hien, Vice President and General Secretary of the Vietnam Blockchain and Digital Asset Association, emphasized that the spread of crypto assets is far surpassing many previous technological waves. While the internet took 14 years to reach 1 billion users, the crypto asset market only took about 8 years to reach the same number. Currently, the world has approximately 1 billion participants in this market, and it is projected that by 2030, the number of global users could increase to around 4 billion, equivalent to half the world's population.
Alongside the increase in users is an explosion in the number of projects and Token issued. To date, the global market has recorded approximately 28 million Token, more than double the approximately 13 million Token issued in May 2024. This trend reflects the diversification of blockchain application models, from decentralized finance, Non-Fungible Token, blockchain games to solutions for Tokenize traditional assets. At the national and institutional levels, many countries such as the US, China, the UK, Ukraine, and El Salvador, along with large financial institutions and businesses, have officially adopted Bitcoin as an investment and reserve asset, further solidifying the digital asset's position in the global financial system.
