Vietnam Cyber Insurance Market

Vietnam Cyber Insurance Market Overview:

The Vietnam cyber insurance market size reached USD 71.00 Million in 2024. The market is projected to reach USD 391.60 Million by 2033, exhibiting a growth rate (CAGR) of 18.62% during 2025-2033. The market is expanding due to rising incidents of cyberattacks and stronger data protection regulations. Additionally, increasing digital adoption across sectors and growing awareness of financial risk coverage continue to support Vietnam cyber insurance market share among both large enterprises and mid-sized firms.

Vietnam Cyber Insurance Market Trends:

Increased Ransomware Attacks and Awareness

The rise in ransomware and data breach incidents has pushed Vietnamese companies to rethink their approach to cybersecurity. Businesses across finance, healthcare, e-commerce, and manufacturing are investing more in protective measures, including cyber insurance, to reduce financial risks and operational downtime. A growing number of firms now view insurance not just as a backup plan, but as an essential part of their overall risk management strategy. This shift is driven by the financial consequences of cyberattacks and stricter regulations surrounding data protection and privacy compliance. The Vietnam cyber Insurance market growth is also supported by increased digital adoption, remote working models, and the rise of cloud-based systems, all of which expand the threat surface. Local insurers are expanding their offerings, while global players are entering the market with tailored solutions and flexible underwriting policies. Awareness campaigns by regulatory bodies, IT service providers, and industry associations are helping organizations understand the value of cyber coverage. Although cost remains a concern, particularly for small and mid-sized businesses, demand is steadily rising. The growing understanding of cyber risks, paired with the realization that no organization is immune, continues to accelerate adoption. As digital threats evolve, cyber insurance is becoming a standard requirement across all industries in Vietnam.

Regulatory Pressure and Sectoral Expansion

Vietnam’s legal and regulatory landscape is shifting to address the increasing risks associated with digital systems. New and updated data protection laws, sector-specific regulations, and compliance frameworks are prompting companies to invest in risk mitigation tools, including cyber insurance. Firms operating in finance, telecommunications, logistics, and critical infrastructure are under rising pressure to meet stringent requirements. This is leading to higher demand for insurance policies that help ensure regulatory compliance, limit liability exposure, and cover response and recovery costs in the event of a cyber incident. Government agencies are also encouraging risk-sharing mechanisms, and industry regulators are beginning to acknowledge cyber insurance as part of a sound cybersecurity framework. Local insurance providers are working to strengthen their technical capabilities, while international carriers are offering enhanced services with detailed coverage options. Brokers and cybersecurity consultants now play a bigger role in matching clients with suitable policies, especially as underwriting standards improve and become more transparent. This broader market engagement is giving more companies, particularly those in the mid-market segment, access to relevant and affordable coverage. As regulatory enforcement intensifies and Vietnam’s economy continues to digitize, demand for cyber insurance is expected to increase consistently across both private and public sectors.

Vietnam Cyber Insurance 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 level for 2025-2033. Our report has categorized the market based on component, insurance type, organization size, and end-use industry.

Component Insights:

• Solution
• Services

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

Insurance Type Insights:

• Packaged
• Stand-alone

The report has provided a detailed breakup and analysis of the market based on the insurance type. This includes packaged and stand-alone.

Organization Size Insights:

• Small and Medium Enterprises
• Large Enterprises

The report has provided a detailed breakup and analysis of the market based on the organization size. This includes small and medium enterprises and large enterprises.

End-Use Industry Insights:

• BFSI
• Healthcare
• IT and Telecom
• Retail
• Others

The report has provided a detailed breakup and analysis of the market based on the end-use industry. This includes BFSI, healthcare, IT and telecom, retail, 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 Cyber Insurance Market News:

• June 2025: AIFT and Shin Kong Life partnered to enter Vietnam’s cyber insurance industry, deploying IXT’s secure SaaS platform. Their collaboration with Chunghwa Telecom ensured cybersecurity compliance, accelerating localized cloud infrastructure. This enhanced trust and advanced cyber insurance readiness and adoption.
• November 2024: OPSWAT introduced cybersecurity solutions at Vietnam Cyber Security Day, addressing rising threats to critical infrastructure. The launch of tools like MetaDefender strengthened Vietnam’s cyber resilience, highlighting the urgency for cyber insurance coverage and prompting insurers to reassess risk models and premiums.

Vietnam Cyber Insurance Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam cyber insurance market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam cyber insurance market on the basis of component?
• What is the breakup of the Vietnam cyber insurance market on the basis of insurance type?
• What is the breakup of the Vietnam cyber insurance market on the basis of organization size?
• What is the breakup of the Vietnam cyber insurance market on the basis of end-use industry?
• What is the breakup of the Vietnam cyber insurance market on the basis of region?
• What are the various stages in the value chain of the Vietnam cyber insurance market? 
• What are the key driving factors and challenges in the Vietnam cyber insurance market?
• What is the structure of the Vietnam cyber insurance market and who are the key players?
• What is the degree of competition in the Vietnam cyber insurance 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 cyber insurance market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam cyber insurance market.
• Porter's Five Forces analysis assists 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 cyber insurance 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.