Vietnam Blockchain Gaming Market 2025 - Top Regions, Latest Technology, Future Trends and Outlook 2033

The Vietnam blockchain gaming market was valued at USD 97.60 Million in 2024 and is forecasted to reach USD 7,732.73 Million by 2033, growing at a CAGR of 62.55% during 2025-2033. The market growth is propelled by government-supported blockchain infrastructure development, strategic foreign investments with major technology partnerships, and the adoption of play-to-earn gaming models that provide gamers real economic benefits. Vietnam's leading status in cryptocurrency adoption further supports the industry's expansion.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Vietnam Blockchain Gaming Market Key Takeaways

• The market size stood at USD 97.60 Million in 2024.
• The market is expected to grow at a CAGR of 62.55% during 2025-2033.
• The forecast period extends from 2025 to 2033.
• Government initiatives include the National Strategy for Blockchain Application and Development launched in October 2024, aiming to develop 20 blockchain brands and at least three testing labs by 2030.
• SSI Digital Ventures committed USD 200 Million in January 2025 for blockchain and AI ventures.
• Vietnamese-made games like Axie Infinity have positioned Vietnam as a leader in play-to-earn (P2E) gaming development.
• The Vietnamese blockchain gaming ecosystem benefits from extensive foreign investments, innovative tokenomics, and supporting infrastructure like marketplaces and wallets.

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Market Growth Factors

The Vietnamese government has ingrained blockchain technology into its digital transformation policy, releasing the National Strategy for Blockchain Application and Development in October 2024. This strategy targets creating 20 high-profile blockchain brands and three testing labs in major cities by 2030. It aims to foster blockchain applications across industries including gaming, while promoting a regulatory framework that spurs innovation and ensures global compliance. Additionally, government support through educational blockchain research centers and human resource development forms a solid foundation for sustainable growth in the blockchain gaming ecosystem.

The market is witnessing significant foreign capital infusion and strategic partnerships with global technology firms. A key milestone includes SSI Digital Ventures launching with a USD 200 Million commitment in January 2025 to fund around 10 blockchain and AI projects with minimum disbursement of USD 10 Million each. Collaborations between financial institutions, local blockchain companies, and international cloud service providers are creating Vietnam's first end-to-end blockchain infrastructures. Such international alliances grant Vietnamese firms access to advanced technology, overseas distribution, and scale expertise, supporting Vietnam's aspiration to become a blockchain hub.

The emergence of play-to-earn (P2E) gaming models is transforming the market from basic token rewards toward complex economic ecosystems offering sustainable earnings. Vietnamese games like Axie Infinity have demonstrated market leadership despite volatility, inspiring local studios to develop blockchain games that balance entertainment and economic utility. Developers focus on integrating blockchain features that deepen player engagement, introduce new revenue from NFT assets, and support cross-game portability. Implementing advanced tokenomics to align player income with game longevity addresses past concerns of extractive P2E models, while infrastructure like specialized wallets and marketplaces ease mainstream gamer entry, reflecting market maturity.

Market Segmentation

Game Type:

• Role Playing Games: These games include immersive and narrative-driven gameplay, offering players complex storylines within blockchain ecosystems supported by Vietnam's advancing technology.
• Open World Games: Characterized by expansive virtual environments, these games allow players freedom in blockchain-enabled interactive experiences, fueling growth in Vietnam’s gaming market.
• Collectible Games: These involve acquisition and trading of NFT-based assets, providing unique digital items and allowing Vietnamese players to monetize ownership.

Platform:

• ETH: Ethereum blockchain serves as one of the core platforms powering blockchain gaming applications in Vietnam due to its robust smart contract capabilities.
• BNB Chain: Binance’s blockchain platform is a popular choice for deploying blockchain games in Vietnam, known for its speed and cost efficiency.
• Polygon: Polygon provides scalable and efficient blockchain infrastructure supporting Vietnam's growing demand for affordable gaming platforms.

Regional Insights

The Vietnam blockchain gaming market is segmented into Northern, Central, and Southern Vietnam regions. While the report does not specify quantitative dominance, the government’s initiatives and strategic investments focusing on major cities likely suggest Northern Vietnam holds a significant position due to its development of blockchain testing labs and technology hubs, supporting market growth across the country.

Recent Developments & News

In January 2025, SSI Digital Ventures was launched with a USD 200 Million commitment aimed at financing around 10 blockchain and AI initiatives in Vietnam, each receiving minimum disbursements of USD 10 Million. This initiative forms part of large-scale international partnerships creating end-to-end blockchain infrastructures and hybrid cloud solutions in Vietnam, uniquely combining efforts of financial institutions, local blockchain technology firms, and international cloud service providers. These developments underscore increasing investor confidence and strategic collaboration in Vietnam’s blockchain gaming ecosystem.

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Customization Note

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