Vietnam Digital Identity Solutions Market Size, Share | Forecast 2030

 


Vietnam Digital Identity Solutions Market Size & Trends
Vietnam's digital identity solutions market is poised to experience significant growth, driven by a shift towards more efficient and secure identification processes. With an estimated market size of USD 183.01 million in 2024, it is projected to expand at a CAGR of 18.7% from 2025 to 2030. This upward trend can be attributed to the government's efforts to modernize its documentation systems, marking a significant step forward in the country's digital journey.

Prior to this move, Vietnam relied heavily on slow and manual processes for identification, which were not only inefficient but also compromised security. In response, the government launched the Digital Transformation Plan with the aim of establishing a centralized, digital national biometric identity system. This strategic initiative is expected to have a profound impact on the country's digital landscape, paving the way for a more streamlined and secure identity solution.
Vietnam's initiative has prompted the Ministry of Public Security to collaborate with leading international technology firms, including NEC and VNPT. Leveraging NEC's advanced Biometric Identification System (ABIS), they have implemented a fingerprint and facial recognition system to enhance security during identity checks for over 50 thousand individuals.
Furthermore, NEC Asia Pacific has significantly contributed to upgrading Vietnam's national ID system as part of the country's drive towards a digital economy. Under the Digital Transformation Plan, the Ministry of Public Security (MOPS) opted for NEC's Automated Biometric Identification System (ABIS), incorporating cutting-edge biometric technology to enhance its ID system. This innovative system, leveraging fingerprint and facial recognition, has substantially improved identity verification for approximately 50 thousand individuals in Vietnam.
The government has been proactively implementing policies to fuel market expansion. In November 2024, Vietnam introduced stringent new guidelines that mandate social media users to authenticate their accounts using local phone numbers or personal identification numbers. This transition, which commences on December 25, 2024, will predominantly concentrate on authenticating only verified accounts when posting and sharing content, taking a pivotal step in digital identity verification nationwide.
Component Insights
The solutions segment emerged as a leader in the market, contributing 62.7% of revenue in 2024. In Vietnam, this segment has been a cornerstone of the government's efforts to build a digital ecosystem, with the national digital ID Authentication, VNeID, at its core. By integrating digital IDs with public services, the Vietnamese government aims to simplify access and lower costs for citizens. The VNeID app provides seamless access to administrative documents, social welfare, government grants, and other essential services, while future plans include expanding digital payments, wallet integration, utility bill payments, stock market transactions, and pension/unemployment payments.
In Vietnam, the growing demand for digital identity solutions is being met by rapid expansion of its services component, as part of the country's larger push towards a digitally-enabled economy. Tech giants like NEC are collaborating with the government and private entities to offer comprehensive services in biometric identification and authentication, thus fueling the growth of digital identity services nationwide. Additionally, the financial sector, particularly in digital banking and mobile payments, has witnessed significant traction for digital identity services. With secure identification and fraud prevention at its core, there is an increasing need for robust biometric and multi-factor authentication solutions, further amplifying demand for these services.
Authentication Insights
In 2024, the biometric segment dominated the market's revenue share, with several key initiatives driving its growth. Vietnam took a significant step forward in December of that year by introducing mandatory biometric authentication for all online banking transactions. This move built upon an initial rollout in July 2024 and was spearheaded by the Ministry of Public Security, State Bank of Vietnam, and Ministry of Information and Communications.

The goal of this initiative is to enhance security in the banking sector and combat fraudulent activities more effectively. To achieve this, banks will need to complete customer identification processes, and online transactions will be suspended for customers who have not updated their biometric data and identification documents. By implementing these measures, Vietnam aims to create a safer and more secure online banking environment.
In Vietnam, the demand for non-biometric authentication methods is increasing rapidly alongside biometric solutions. This shift is driven by the need for secure and user-friendly identity verification methods. OTPs, Two-Factor Authentication (2FA), and SMS/email-based verification are widely adopted in the banking and e-commerce sectors, providing a simple yet effective way to safeguard online transactions. The government's push towards digital identity has also led to an increase in smartcard usage, enabling secure access to various services. Furthermore, risk-based authentication, which assesses user behavior to determine security levels, is gaining traction in areas like banking. As digital payments and mobile wallets continue to expand, methods such as PINs and QR codes are becoming increasingly popular.

Get Free Samples -  Vietnam Digital Identity Solutions Market

Deployment Insights
The market in 2024 is driven by the growing adoption of cloud technology in Vietnam's digital landscape. As more businesses and government agencies seek flexible and scalable systems, cloud deployment for digital identity solutions is gaining momentum. Cloud-based platforms offer enhanced security, reduced costs, and simplified integration, making them an attractive option for sectors such as banking, e-commerce, and healthcare. The government's push for digital transformation has also accelerated the adoption of cloud solutions, with a focus on secure access to services and efficient identity verification. As companies navigate the digital age, leveraging cloud technology enables them to meet the increasing demand for robust and adaptable identity solutions.
The on-premises deployment of digital identity solutions in Vietnam is experiencing steady growth, particularly among industries that prioritize security and control. Government, finance, and healthcare sectors are driving this trend due to the need for robust management and protection of sensitive data. In contrast to cloud-based solutions, many organizations prefer on-premises systems, valuing their ability to fully oversee and safeguard their digital assets.

While cloud solutions have gained popularity, demand for on-premises setups persists due to concerns over data privacy and adherence to local regulations. As businesses seek more tailored and secure options, on-premises deployment remains a compelling choice for those seeking to maintain full control over their digital identity infrastructure.
Organization Size Insights
In Vietnam, the largest businesses are rapidly embracing digital identity solutions as a critical component of their overall IT strategy. These organizations are driven by the need for enhanced security, streamlined operations, and regulatory compliance. With growing concerns over data breaches and network access vulnerabilities, large enterprises are turning to scalable solutions that can effectively manage vast customer bases. The increasing adoption of cloud and hybrid cloud technologies has further accelerated this trend, as businesses seek to stay ahead in a rapidly evolving digital landscape. As Vietnam continues its digital transformation journey, we can expect these organizations to increasingly invest in next-generation identity solutions, ultimately enhancing their security posture, improving user experience, and meeting regulatory compliance requirements.
In Vietnam, small and medium-sized enterprises (SMEs) are increasingly embracing technology to enhance their online presence and build trust with customers. As businesses shift towards a more digital landscape, securing online transactions has become a top priority. This shift is driven by the need for robust identity verification solutions that can efficiently scale without breaking the bank. Affordable, scalable options are gaining traction among SMEs as they seek strong security measures to mitigate risks and stay ahead in the competitive market.

Government initiatives also play a significant role in driving digital transformation, encouraging SMEs to implement secure digital identity systems. Compliance requirements and the need to remain competitive in the growing digital economy have created an environment where SMEs can thrive with the right solutions. By adopting these solutions, Vietnamese SMEs are poised to reap the benefits of a secure online presence and improve customer trust, ultimately driving business growth and success.
Industry Insights
The BFSI sector has maintained its prominence in the market, however recent cyber threats and growing transactional fraud have underscored the need for a multi-faceted security strategy across the nation. Recent high-profile data breaches have reinforced this urgency, prompting swift action to safeguard personal information. Simultaneously, advancements in open finance frameworks have catalyzed the development of robust digital identity systems. EU and UK-led initiatives such as eIDAS 2.0 and the Digital Identity and Attributes Trust Framework are taking center stage, pushing for more secure digital identity solutions that prioritize user protection.
The growth of e-commerce in Vietnam is driven by an increasingly tech-savvy population and rising consumer demand, solidifying its position as a leading online hub in Southeast Asia. As more individuals turn to digital channels for their shopping needs, the need for robust identity verification solutions has become paramount, helping businesses stay ahead of fraudulent activities while maintaining user trust. Meanwhile, traditional retail's decline is being accelerated by the growing popularity of online shopping, prompting Vietnamese businesses to adapt and invest in e-commerce platforms that offer enhanced customer experiences, all facilitated by the government's proactive policies promoting digital transformation.
Key Vietnam Digital Identity Solutions Company Insights
Several prominent firms are playing a significant role in shaping Vietnam's digital identity solutions landscape. NEC Corporation, Thales, GB Group plc (‘GBG’), TELUS, Tessi, Daon, Inc., and other notable entities, contribute to the industry's growth. In an effort to expand their customer base and gain a competitive advantage, these organizations are implementing diverse strategic initiatives, including mergers and acquisitions, as well as partnerships with major players in the sector.
  • NEC Corporation, headquartered in Tokyo, is in digital identity solutions, utilizing advanced technology to meet the demands of the digital era. Specializing in digital identity, NEC offers a range of solutions, including biometrics, identity verification, access management, and authentication technologies. These solutions aim to enhance security, streamline operations, and improve user experiences1. NEC's expertise in biometric authentication, such as facial and fingerprint recognition, distinguishes it in the digital identity sector. Through ongoing research and development, NEC ensures its solutions stay at the forefront of technology, empowering organizations to thrive in the digital landscape
  • Thales is a global player in advanced technologies, playing a key role in various sectors, including aerospace, defense, digital identity, and security. The company is actively involved in ambitious space exploration projects, such as building the Emirates Airlock for the Gateway cislunar station. Thales excels in cybersecurity and data protection, offering a wide range of cyber solutions tailored to meet diverse business needs, data privacy levels, and regulatory requirements. Their expertise in digital identity and security enables them to provide cutting-edge solutions that ensure secure and reliable digital interactions for individuals, businesses, and governments worldwide.


Key Vietnam Digital Identity Solutions Companies:


The following are the leading companies in the Vietnam digital identity solutions market. These companies collectively hold the largest market share and dictate industry trends.


    

  • NEC Corporation
    • 

  • Thales
    • 

  • GB Group plc (‘GBG’)
    • 

  • TELUS
    • 

  • Tessi
    • 

  • Daon, Inc.
    • 

  • IDEMIA
    • 

  • EY Vietnam
    • 

  • Eviden
    • 



Recent Developments
  • In February 2024, IDEMIA Public Security North America and CertiPath joined forces to integrate IDEMIA's digital identity solutions with CertiPath's TrustVisitor, bolstering identity verification and fraud prevention. This collaboration enables TrustVisitor users to verify individuals accessing high-assurance environments, such as federal buildings and military bases, with next-generation technology, improving security and user experience.
  • 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 Scope


Report Attribute



Details




Market Size value in 2025



USD 225.7 million




Revenue forecast in 2030



USD 531.7 million




Growth rate



CAGR of 18.7% from 2025 to 2030




Base year for estimation



2024




Historical data



2018 - 2023




Forecast period



2025 - 2030




Quantitative units



Revenue in USD Million/Thousand and CAGR from 2025 to 2030




Report coverage



Revenue forecast, company ranking, competitive landscape, growth factors, and trends




Segment scope



Component, authentication, deployment, organization size, industry, country




Country scope



Vietnam




Section scope



Northern Vietnam; Southern Vietnam; Central Vietnam




Key companies profiled



NEC Corporation; Thales; GB Group plc (‘GBG’); TELUS; Tessi; Daon, Inc.; IDEMIA; EY Vietnam; Eviden




Customization scope



Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope




Pricing and purchase options



Avail customized purchase options to meet your exact research needs. Explore purchase options


Vietnam Digital Identity Solutions Market Report Segmentation
Our research team forecasts significant revenue growth in Vietnam's digital identity solutions market, examining key trends and opportunities across sub-segments from 2018 to 2030. We have segmented our analysis by component, authentication methods, deployment modes, organizational sizes, industries, and geographic countries, providing a comprehensive overview of the market's trajectory over the next decade.
  • Component Outlook (Revenue, USD Million, 2018 - 2030)
    • Solutions
    • Services
  • Authentication Outlook (Revenue, USD Million, 2018 - 2030)
    • Biometric
    • Non- Biometric
  • Deployment Outlook (Revenue, USD Million, 2018 - 2030)
    • Cloud
    • On-Premises
  • Organization Size Outlook (Revenue, USD Million, 2018 - 2030)
    • SMEs
    • Large Enterprises
  • Industry Outlook (Revenue, USD Million, 2018 - 2030)
    • Banking, Financial Services, & Insurance
    • Education
    • Retail & E-commerce
    • Manufacturing
    • Agriculture, Forestry, & Fishery
    • Construction
    • Automotive
    • Travel & Hospitality
    • Government & Defense
    • Healthcare
    • IT & Telecommunication
    • Energy & Utilities
    • Others
  • Country Outlook (Revenue, USD Million, 2018 - 2030)
    • Vietnam
      • Northern Vietnam
      • Southern Vietnam
      • Central Vietnam

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