Vietnam Blockchain in Energy Market to Hit USD 89.81 Million by 2033 with a Robust CAGR of 32.65%

The Vietnam blockchain in energy market reached a size of USD 7.06 Million in 2024 and is projected to grow to USD 89.81 Million by 2033. This represents a CAGR of 32.65% during the forecast period from 2025 to 2033. Key growth drivers include strong government support through the National Blockchain Strategy, adoption of peer-to-peer energy trading platforms, and integration with renewable energy systems for transparent certificate trading and smart contract automation. Vietnam's position as the fifth-largest cryptocurrency adopter further underpins blockchain readiness.

Study Assumption Years

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

Vietnam Blockchain in Energy Market Key Takeaways

• The market size stood at USD 7.06 Million in 2024.
• The market is expected to reach USD 89.81 Million by 2033.
• The CAGR during 2025-2033 is 32.65%.
• The government launched the National Blockchain Strategy in October 2024 aimed at positioning Vietnam as a regional blockchain leader by 2030.
• Over 20 million cryptocurrency holders represent 20% of the population, ranking Vietnam fifth globally in cryptocurrency adoption.
• Peer-to-peer energy trading platforms are expanding, enabling secure and transparent transactions for renewable energy trading.
• Blockchain facilitates renewable energy certificate tracking and international carbon credit trading.

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Market Growth Factors

The Vietnam blockchain in energy market growth is propelled by government-led strategic infrastructure development. The launch of the National Blockchain Strategy in October 2024 (Decision No. 1236/QD-TTg) aims to establish Vietnam as a blockchain technology leader with specific focus on energy applications including peer-to-peer trading, smart grid management, and renewable energy certificate tracking. This strategy envisions developing 20 blockchain brands and three testing centers to form a national blockchain network.

The country has over 20 million cryptocurrency holders, constituting 20% of its population, ranked fifth globally. This substantial blockchain infrastructure readiness fosters adoption across the energy sector by promoting compliance with cybersecurity and data regulations alongside the "Blockchain" ecosystem spanning production, distribution, and trading.

Rapid adoption of peer-to-peer energy trading platforms is revolutionizing Vietnam’s energy landscape. These platforms allow prosumers with renewable energy sources like solar panels to trade surplus electricity directly with consumers, bypassing traditional utilities and reducing transaction costs. With a significant rise in solar capacity, the market is seeing substantial opportunities for decentralized energy trading, promoting energy independence and cost optimization among households and businesses.

Blockchain technology also underpins renewable energy integration and certificate trading by enabling transparent tracking and exchange of renewable energy certificates (RECs) and carbon credits. Smart contracts automate verification and trading processes, reducing administrative overhead and ensuring authenticity to prevent double-counting. Companies such as Enact Systems have integrated Oracle Blockchain technology to tokenize solar system values, helping customers monetize renewable investments through REC markets. This integration also supports participation in international carbon trading while ensuring environmental compliance.

Market Segmentation

Component Insights:

• Platform
• Services

Type Insights:

• Private
• Public

Application Insights:

• Peer-To-Peer Transaction
• Grid Transactions
• Energy Financing
• Electric Vehicle
• Sustainability Attribution
• Others

End User Insights:

• Power
• Oil and Gas

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

Regional Insights

The report identifies Northern Vietnam, Central Vietnam, and Southern Vietnam as the major regional markets. While no specific dominant region share or CAGR values are provided, the segmentation covers these three broad geographic areas reflecting the comprehensive regional approach for blockchain adoption in energy across Vietnam.

Key Players

• Enact Systems

Additional Sections

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