The Vietnam blockchain in energy market size reached USD 7.06 Million in 2024. The market is projected to reach USD 89.81 Million by 2033, exhibiting a growth rate (CAGR) of 32.65% during 2025-2033. The market is fueled by the government's ambitious National Blockchain Strategy, rapid adoption of peer-to-peer energy trading platforms, and increasing integration of blockchain technology with renewable energy systems to enable transparent certificate trading and smart contract automation. Additionally, Vietnam's position as the fifth-largest cryptocurrency adopter demonstrates strong blockchain infrastructure readiness that supports Vietnam blockchain in energy market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 7.06 Million |
Market Forecast in 2033 | USD 89.81 Million |
Market Growth Rate 2025-2033 | 32.65% |
Government-Led Strategic Infrastructure Development
The sector is experiencing unprecedented growth following the government's launch of the National Blockchain Strategy in October 2024 through Decision No. 1236/QD-TTg. This comprehensive strategy positions Vietnam as a regional leader in blockchain technology by 2030, with a specific focus on energy sector applications, including peer-to-peer trading, smart grid management, and renewable energy certificate tracking. The strategy targets the development of 20 reputable blockchain brands and the establishment of at least three blockchain testing centers in major cities to form a national blockchain network. With over 20 million cryptocurrency holders representing 20% of the population, Vietnam ranks fifth globally in cryptocurrency adoption, demonstrating strong foundational readiness for blockchain implementation across the energy sector. The government's commitment includes developing foundational blockchain infrastructure that complies with cybersecurity and data protection regulations while promoting the "Blockchain+" ecosystem across multiple industries, including energy production, distribution, and trading.
Peer-to-Peer Energy Trading Platform Expansion
The adoption of peer-to-peer energy trading platforms is revolutionizing Vietnam's energy landscape. These platforms enable prosumers with renewable energy sources such as solar panels to trade surplus electricity directly with consumers, bypassing traditional utility intermediaries and reducing transaction costs. Blockchain technology ensures secure, transparent, and automated energy transactions through smart contracts, while providing real-time settlement and immutable transaction records. The Vietnam blockchain in the energy market growth is particularly driven by the country's rapid renewable energy expansion, with solar capacity increasing significantly. This is creating substantial opportunities for decentralized energy trading among households and businesses seeking energy independence and cost optimization.
Renewable Energy Integration and Certificate Trading
Blockchain technology is facilitating seamless integration of renewable energy sources into Vietnam's energy grid while enabling transparent tracking and trading of renewable energy certificates (RECs) and carbon credits. As per industry reports, the global blockchain in energy market, valued at USD 1,765.7 Million in 2024 and growing at a 32.66% CAGR toward USD 25,233.4 Million by 2034, demonstrates the significant potential for blockchain applications in renewable energy management. Smart contracts automate the verification and trading of renewable energy certificates, ensuring authenticity and preventing double-counting while reducing administrative costs and processing times. Companies like Enact Systems have successfully integrated Oracle Blockchain technology to create verifiable tokens linked to solar system values and energy generation quantities, allowing customers to monetize their renewable energy investments through REC trading markets. This technology enables Vietnam's growing renewable energy sector to participate in international carbon trading markets while maintaining transparency and compliance with environmental standards.
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 component, type, application, and end user.
Component Insights:
The report has provided a detailed breakup and analysis of the market based on component. This includes platform and services.
Type Insights:
A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes private and public.
Application Insights:
The report has also provided a comprehensive analysis of all the major application This includes peer-to-peer transaction, grid transactions, energy financing, electric vehicle, sustainability attribution, and others.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes power and oil and gas.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.
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.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Components Covered | Platform, Services |
Types Covered | Private, Public |
Applications Covered | Peer-To-Peer Transaction, Grid Transactions, Energy Financing, Electric Vehicle, Sustainability Attribution, Others |
End Users Covered | Power, Oil and Gas |
Regions Covered | Northern Vietnam, Central Vietnam, Southern Vietnam |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: