The country had 2.19 million users last year, behind Thailand, Brazil, the U.S. and China, according to the Digital Economy Compass 2022 study by Germany-based data portal Statista.
In terms NFT penetration rate, it also ranked fifth at 2.24 percent, behind Thailand, Canada, Australia and Brazil.
The penetration rate is the share of active paying customers (or accounts) from the total population last year.
Another recent survey by Australian data research company Finder revealed Vietnam ranks fifth globally in the ratio of non-fungible token game players.
Twenty-three percent of respondents in Vietnam said they play NFT games, according to the survey conducted between March and May.
It was ranked behind India, Hong Kong, the United Arab Emirates and the Philippines.
Vietnam has made headlines in the non-fungible token world in recent years with Axie Infinity, one of the most popular NFT games globally.