PUBLISHER: Grand View Research | PRODUCT CODE: 1679467
PUBLISHER: Grand View Research | PRODUCT CODE: 1679467
The Vietnam digital identity solutions market size was estimated at USD 183.01 million in 2024 and is projected to grow at a CAGR of 18.7% from 2025 to 2030. Vietnam's transition from paper-based to digital documentation is a major step forward in its digital journey. For a long time, the country used slow, manual processes for identification, which were not that efficient or secure. Looking at modernization, the government launched the Digital Transformation Plan with the goal of creating a centralized, digital national biometric identity system.
Vietnam's move has brought the Ministry of Public Security (MOPS) to team up with international tech companies like NEC and VNPT. With NEC's automated Biometric identification system (ABIS), they are now using fingerprint and facial recognition to boost security during identity checks for more than 50 thousand people.
Moreover, NEC Asia Pacific has played a big role in upgrading Vietnam's national ID system as part of the country's push toward a digital economy. Through the Digital Transformation Plan, the Ministry of Public Security (MOPS) chose NEC's Automated Biometric Identification System (ABIS) to modernize its ID system with advanced Biometric tech. This system, which uses fingerprint and facial recognition, has made identity verification much more reliable for 50 thousand people in Vietnam.
Government initiatives are playing a major role in driving market growth. For instance, in November 2024, Vietnam implemented strict new regulations that require social media users to verify their accounts with local phone numbers or personal identification numbers. These regulations, which take effect on December 25, 2024, will ensure that only verified accounts can post and share information, representing a major step forward in digital identity verification across the country.
Vietnam Digital Identity Solutions Market Report Segmentation
This report forecasts revenue growth in Vietnam and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Vietnam digital identity solutions market report in terms of component, Authentication, deployment, organization size, industry, and country: