Vietnam Biometrics Market

Vietnam Biometrics Market Overview:

The Vietnam biometrics market size reached USD 225.45 Million in 2024. Looking forward, the market is expected to reach USD 893.99 Million by 2033, exhibiting a growth rate (CAGR) of 14.77% during 2025-2033. The market is witnessing steady growth driven by rising security needs, digital transformation, and the adoption of advanced identification technologies across government, banking, and corporate sectors. Increasing use of fingerprint, facial recognition, and iris scanning in public services and private enterprises is boosting demand. Growing investments in smart city projects and enhanced border security are further expanding the Vietnam biometrics market share across various application segments.

Vietnam Biometrics Market Trends:

Rising Use in Public Services

Vietnam is progressively incorporating biometric technologies into public sector services to bolster security, improve accuracy, and enhance efficiency. Key initiatives led by the government such as the modernization of national ID cards, the issuance of e-passports, and biometric-based voter registration are fundamental to this transformation. For instance, in July 2025, Vietnam launched a level-2 electronic identification (e-ID) system for foreign residents enabling access to various digital services via the VNeID app. To register foreigners must provide valid documents and biometric data at immigration offices. The initiative aims to streamline administrative processes and enhance security and privacy. These systems enhance identity verification, diminish fraud, and streamline administrative tasks, resulting in quicker and more reliable services for citizens. Biometric-enabled e-passports enhance border security while meeting international travel standards. Moreover, using fingerprints or facial recognition for voter registration reduces duplication and enhances the integrity of elections. The integration of such advanced identification systems aligns with the nation’s digital transformation objectives, fostering greater trust between citizens and institutions. As more public agencies adopt biometric authentication, the demand for related technologies and solutions continues to grow. These developments are essential in shaping Vietnam’s secure and contemporary governance framework, significantly contributing to overall Vietnam biometrics market growth.

Integration with Digital Banking

The adoption of biometric authentication in Vietnam's banking sector is revolutionizing customer access to financial services. Banks and fintech firms are increasingly incorporating fingerprint, facial recognition, and voice authentication technologies to facilitate secure and seamless login processes as well as transaction verification. This strategy reduces the need for traditional passwords and PINs, thereby lowering the chances of fraud and identity theft. Many mobile banking applications now feature biometric options, enabling users to swiftly authorize payments, transfer money, and access sensitive data. The growth of contactless payments and digital wallets further drives the demand for biometric solutions as customers increasingly seek convenience without sacrificing security. Financial institutions also gain from improved regulatory compliance and enhanced customer trust with these innovations. in May 2025, Cake Digital Bank became the first digital-only bank in Southeast Asia to earn ISO/IEC Level 2 certification for its facial biometric system, Cake Face Authen. The technology, which effectively counters spoofing attempts, is used by over 15 million users and aligns with new security regulations from the State Bank of Vietnam. As digital banking continues to expand, biometric authentication is poised to become a standard feature, significantly contributing to the growth of Vietnam's biometrics market.

Vietnam Biometrics Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on technology, functionality, component, authentication, and end user.

Technology Insights:

• Face Recognition
• Hand Geometry
• Voice Recognition
• Signature Recognition
• Iris Recognition
• AFIS
• Non-AFIS
• Others

The report has provided a detailed breakup and analysis of the market based on technology. This includes face recognition, hand geometry, voice recognition, signature recognition, iris recognition, AFIS, non-AFIS, and others.

Functionality Insights:

• Contact
• Non-contact
• Combined

A detailed breakup and analysis of the market based on the functionality have also been provided in the report. This includes contact, non-contact, and combined.

Component Insights:

• Hardware
• Software

The report has provided a detailed breakup and analysis of the market based on the component. This includes hardware and software.

Authentication Insights:

• Single-Factor Authentication
• Multifactor Authentication

A detailed breakup and analysis of the market based on the authentication has also been provided in the report. This includes single-factor authentication and multifactor authentication.

End User Insights:

• Government
• Defense Services
• Banking and Finance
• Consumer Electronics
• Healthcare
• Commercial Safety and Security
• Transport/Visa/Logistics
• Others

A detailed breakup and analysis of the market based on the end user has also been provided in the report. This includes government, defense services, banking and finance, consumer electronics, healthcare, commercial safety and security, transport/visa/logistics, and others.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Biometrics Market News:

• In August 2025, Idex Biometrics and Next Biometrics announced their plans to expand their presence in the growing passwordless authentication market. Idex has partnered with Vietnam’s Savyint Group to introduce biometric FIDO Access cards, while Next has signed a multi-year agreement to enhance a US identity management solution with its Oyster III fingerprint technology.
• In July 2025, Da Nang International Airport launched Vietnam's first full biometric check-in system, allowing passengers to check in and board using the VNeID app. The three-step process includes online check-in, facial recognition at security, and boarding. This initiative supports the country's goal of widespread biometric authentication by 2025.

Vietnam Biometrics Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam biometrics market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam biometrics market on the basis of technology?
• What is the breakup of the Vietnam biometrics market on the basis of functionality?
• What is the breakup of the Vietnam biometrics market on the basis of component?
• What is the breakup of the Vietnam biometrics market on the basis of authentication?
• What is the breakup of the Vietnam biometrics market on the basis of end user?
• What is the breakup of the Vietnam biometrics market on the basis of region?
• What are the various stages in the value chain of the Vietnam biometrics market? 
• What are the key driving factors and challenges in the Vietnam biometrics market?
• What is the structure of the Vietnam biometrics market and who are the key players?
• What is the degree of competition in the Vietnam biometrics market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam biometrics market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam biometrics market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam biometrics industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.