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[Special Report] APAC Web 3 Powerhouse : Inside Vietnam's Blockchain Market

Vietnam Blockchain Market Report Summary

Daniel Kim, Ryan Yoon, Jay Jo, and Yoon Lee
Jul 03, 2023

한국어 버전 리포트 읽으러 가기


Introduction

Asia is at the forefront of the dynamic shifts in the Web3 industry. South Korea and Japan, known for their strong entertainment content and robust economies, are actively preparing to carry their Web2 success into the Web3 era. Southeast Asian nations like Indonesia and Vietnam, blessed with fast-growing economies and a young demographic, are enthusiastically adopting the blockchain industry, bypassing traditional financial markets. Additionally, although facing regulations at the moment, India and China possess the long term potential to rise as leaders in the Web3, leveraging their massive populations. These trends suggest that Asia could likely surpass the US and Europe to become the hub for Web3 within the next decade.

Among these, Vietnam and its projects stand out for their extraordinary growth and potential. The rapidly growing economy(+6.4% GDP YoY), business-friendly government policies, a large pool of IT developers, and a youthful population (with a median age of 32) eager for economic and career growth, are collectively positioning Vietnam as a significant player in the nascent Web3 industry.

In this report, Tiger Research and Sotatek provide an in-depth analysis of the Vietnamese market from a global research perspective. This research enables a comprehensive understanding of key trends related to the regulations, Layer1, NFTs, exchanges, and GameFi in Vietnam's blockchain and Web3 markets. The following is only a partial excerpt. To access the whole report, please subscribe to the Tiger Research Substack and click on the link below.


Table of Contents

  • Regulation

  • L1 & L2 Ecosystem

  • CEX

  • On/Off Ramp, P2P

  • DeFi

  • Wallet

  • NFT

  • GameFi

  • Guild

  • Conclusion


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