Vietnam Financial Fraud Detection Software Market Size, Share, Trends and Forecast by Type, End User, and Region, 2026-2034

Vietnam Financial Fraud Detection Software Market Overview:

The Vietnam financial fraud detection software market size reached USD 73.93 Million in 2025. The market is projected to reach USD 205.16 Million by 2034, exhibiting a growth rate (CAGR) of 12.01% during 2026-2034. The market is driven by government-mandated biometric authentication requirements, transforming fraud prevention infrastructure, escalating cybersecurity threats and financial fraud losses, accelerating software adoption across sectors, and regulatory sandbox frameworks fostering fintech innovation and advanced fraud detection solutions. Additionally, the growing emphasis on digital banking security and compliance with stringent data protection regulations is expanding the Vietnam financial fraud detection software market share.

Vietnam Financial Fraud Detection Software Market Trends:

Government-Mandated Biometric Authentication Transforming Fraud Prevention Infrastructure

Vietnam's financial sector is undergoing a significant transformation driven by government-mandated biometric authentication requirements that are fundamentally reshaping fraud prevention infrastructure across banking and payment systems. The State Bank of Vietnam has implemented comprehensive regulatory frameworks requiring mandatory biometric verification for digital transactions, particularly those exceeding specific thresholds, as part of a broader national strategy to combat identity-related crimes and secure online banking operations. In September 2025, the State Bank of Vietnam reported that the implementation of mandatory biometric authentication for banking transactions resulted in a substantial reduction in fraudulent accounts, with biometric data collected for approximately 38 million bank accounts, including nearly 4 million e-wallets, by mid-September 2025. The biometric verification mandate, which took effect on July 1, 2025, led to a 72 percent decrease in fraudulent accounts within the first two months of implementation. This regulatory push has created unprecedented demand for advanced fraud detection software capable of integrating biometric authentication protocols, real-time identity verification systems, and multi-factor authentication mechanisms. Financial institutions are investing heavily in upgrading their technological infrastructure to comply with these stringent requirements, driving substantial growth in the fraud detection software market. The mandate extends beyond individual consumers to corporate accounts, requiring legal representatives to complete biometric registration by specific deadlines or face transaction restrictions. This comprehensive approach is compelling banks, payment service providers, and fintech companies to deploy sophisticated software solutions that can seamlessly integrate biometric data with existing transaction monitoring systems while ensuring data privacy and security compliance.

Escalating Cybersecurity Threats and Financial Fraud Losses

The Vietnamese financial ecosystem is experiencing a dramatic escalation in cybersecurity threats and fraud-related financial losses, creating urgent demand for advanced detection and prevention software solutions across all industry sectors. Criminal organizations are employing increasingly sophisticated tactics, including deepfake technology, artificial intelligence-powered social engineering attacks, automated fraud schemes, and multi-channel exploitation strategies that traditional security measures struggle to counter effectively. According to the 2025 Cybersecurity Summary Report released by the National Cybersecurity Association, estimated losses from online fraud in Vietnam during 2025 reached approximately VND 18.9 trillion (over USD 742 million). The report revealed that for every 220 smartphone users, one fell victim to fraud, with fraudsters employing sophisticated methods including fake investment schemes, impersonation of organizations and agencies, and fraudulent prize notifications. The scale and complexity of these threats have forced organizations across banking, healthcare, telecommunications, manufacturing, and government sectors to recognize fraud detection software as a critical business imperative rather than merely a compliance requirement. The financial services sector, particularly vulnerable due to the high volume of digital transactions and valuable customer data, is leading the adoption of machine learning-based fraud detection systems capable of analyzing transaction patterns in real-time, identifying anomalies, and preventing unauthorized access. The growing awareness among Vietnamese businesses about the devastating financial and reputational consequences of successful fraud attacks is driving increased budget allocations for cybersecurity infrastructure, with fraud detection software representing a priority investment area. This trend is further amplified by the low recovery rates for fraud victims, compelling institutions to shift focus toward preventive technologies rather than reactive responses. The Vietnam financial fraud detection software market growth is being propelled by organizations seeking comprehensive solutions that can address multiple fraud vectors simultaneously, including identity theft, payment fraud, account takeover, money laundering, and subscription fraud, while maintaining seamless user experiences for legitimate customers.

Regulatory Sandbox Framework Fostering Fintech Innovation and Fraud Detection Solutions

Vietnam's establishment of a comprehensive regulatory sandbox framework is catalyzing innovation in fintech solutions and creating new opportunities for advanced fraud detection software development within a controlled, supervised environment. The government's commitment to balancing innovation with consumer protection and financial stability is encouraging both domestic and international technology companies to develop and test cutting-edge fraud prevention solutions specifically tailored to the Vietnamese market's unique characteristics and regulatory requirements. On April 29, 2025, the Government of Vietnam issued Decree No. 94/2025/ND-CP, formally establishing a Regulatory Sandbox for fintech solutions in the banking sector, effective from July 1, 2025. The decree provides a legal framework for credit institutions, foreign bank branches, and fintech companies to pilot innovative financial products and services under State Bank of Vietnam supervision, covering three eligible fintech solution categories: credit scoring, open application programming interfaces, and peer-to-peer lending. This regulatory sandbox approach allows companies to experiment with novel fraud detection algorithms, artificial intelligence models, blockchain-based verification systems, and data-sharing protocols without the full burden of regulatory compliance during the testing phase, accelerating the development and deployment of more effective security solutions. The framework's emphasis on consumer protection, risk management, and data privacy ensures that emerging fraud detection technologies undergo rigorous evaluation before market-wide implementation, building trust among users and financial institutions. The removal of participation caps and the extension of testing periods provide fintech companies with sufficient time and resources to refine their solutions based on real-world performance data and regulatory feedback. This supportive regulatory environment is attracting foreign investment and expertise in cybersecurity and fraud prevention technologies, facilitating knowledge transfer and technological advancement within Vietnam's financial sector. The sandbox framework particularly benefits fraud detection software providers by enabling them to demonstrate their solutions' effectiveness in addressing Vietnam-specific fraud patterns while working closely with regulators to ensure alignment with evolving compliance standards.

Vietnam Financial Fraud Detection Software 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 2026-2034. Our report has categorized the market based on type and end user.

Type Insights:

• Identity Theft
• Wire Transfer Frauds
• Claim Frauds
• Money Laundering
• Subscription Frauds
• Credit and Debit Card Frauds

The report has provided a detailed breakup and analysis of the market based on the type. This includes identity theft, wire transfer frauds, claim frauds, money laundering, subscription frauds, and credit and debit card frauds.

End User Insights:

• BFSI
• Healthcare
• IT and Telecommunication
• Manufacturing
• Educational Institutions
• Government
• Others

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes BFSI, healthcare, IT and telecommunication, manufacturing, educational institutions, government, 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 Financial Fraud Detection Software Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam financial fraud detection software market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam financial fraud detection software market on the basis of type?
• What is the breakup of the Vietnam financial fraud detection software market on the basis of end user?
• What is the breakup of the Vietnam financial fraud detection software market on the basis of region?
• What are the various stages in the value chain of the Vietnam financial fraud detection software market?
• What are the key driving factors and challenges in the Vietnam financial fraud detection software market?
• What is the structure of the Vietnam financial fraud detection software market and who are the key players?
• What is the degree of competition in the Vietnam financial fraud detection software 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 financial fraud detection software market from 2020-2034.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam financial fraud detection software 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 financial fraud detection software 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.