Vietnam ranks 4th in cryptocurrency ownership rate with global awareness reaching 93%

Vietnam is currently ranked 4th globally in cryptocurrency ownership rate, with approximately 21.2% of the population participating in this market. According to 2023 statistics, nearly 20.95 million people own cryptocurrency. The countries ranked above Vietnam are India, China, and the USA.

Several factors have driven the popularity of cryptocurrency in Vietnam. First, the accessible mindset and the desire to increase assets through airdrop programs have attracted more participants. Second, the absence of a clear legal framework has resulted in cryptocurrency investments in Vietnam being untaxed, facilitating easier ownership of digital assets without many obstacles. Furthermore, investing in cryptocurrency is seen as a way to combat inflation, alongside traditional investment channels like gold or real estate.

Vietnam is also one of the rapidly developing markets in the cryptocurrency sector, showing a swift increase in the acceptance and investment in these digital assets.