Vietnam's crypto market is evolving rapidly, prompting calls for structured governance, as indicated by a report from Kyros Ventures, Coin68, and Animoca Brands. Here's a summary of the key findings:

1. **Support for Regulation**: Despite the Vietnamese government not recognizing cryptocurrencies as legal tender, 75% of investors in the country support crypto regulation, indicating a desire for more structured governance in the market.

2. **Cautious Optimism**: Investor sentiment in Vietnam is cautious yet optimistic, with over 70% of respondents believing that the market downturn is approaching its end.

3. **Stablecoin Preference**: Nearly 60% of investors in Vietnam hold over half of their portfolio in stablecoins, reflecting a cautious approach amid market volatility.

4. **Crypto Adoption**: #Vietnam ranked #first in crypto #adoption in Chainalysis studies for both 2021 and 2022, making it an appealing destination for foreign projects seeking to tap into the region's growing crypto market.

5. **Projected Revenues**: Revenues from crypto exchanges in Vietnam are predicted to reach $109 million by the end of the year, with an expected annual growth rate of 16.8% over the next four years.

6. **Blockchain Education**: To meet growing demand, Vietnam is enhancing domestic blockchain education programs. Institutions like FuniX, the University of Technology, and the Vietnamese branch of Australian university RMIT are leading efforts to provide education in the blockchain and crypto space.

7. **Regulatory Oversight**: More than 70% of survey respondents favored some form of regulatory oversight. Around 33.4% supported regulations for large centralized exchanges, while 24.6% advocated for broader regulations.

In summary, Vietnam's #crypto2023 market is witnessing rapid growth, and investors are signaling their desire for more structured governance through support for regulation and cautious optimism despite market fluctuations.