Vietnam’s regulatory technology– or regtech–industry is poised for substantial growth, with the market expected to expand by 34.6 percent on an annual basis, reaching US$175.46 million by 2024, according to a report from Research and Markets.
The report posits that the regtech sector will experience steady growth over the next several years, with a compound annual growth rate of 22 percent during the 2024-2029 period. This sustained expansion reflects the increasing demand for regulatory technologies in areas such as financial services, data protection, and risk management.
The market size is projected to rise from US$130.38 million in 2023 to US$474.59 million by 2029.
See also: Technology in Vietnam: Sector Overview