Vietnam ICT Market
Vietnam ICT Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 13.6% (2025-2033)
Vietnam tech sector is growing fast. This aligns with the common trend of digital transformation and innovation. Strong government support plays a key role in this growth. According to the latest report by IMARC Group, the Vietnam ICT market size reached USD 11.4 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 40.3 billion by 2033, exhibiting a growth rate (CAGR) of 13.6% during 2025-2033.
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Vietnam ICT Trends and Drivers:
In the past ten years, Vietnam ICT market has grown remarkably. This growth comes from quick digital changes in the country and fast Internet access. Vietnam is a fast-growing digital economy in Southeast Asia. Its young, tech-savvy population is eager to adopt new technologies. The government has greatly influenced this growth through its digital infrastructure policies. One key policy is the National Digital Transformation Program. It aims to make Vietnam a high-income digital economy by 2045. E-commerce, fintech, and telecommunications have seen huge growth. Mobile payments and online shopping are now everyday activities. 5G technology and cloud computing are changing the ICT market. They help businesses run smoothly and grow. Foreign investment in Vietnam’s ICT sector grew fast. Big tech companies like Samsung, Intel, and Microsoft now have a strong presence there. This wave of investments is boosting local innovation. It is also making Vietnam a strong competitor in the global tech supply chain.
A key point in Vietnam ICT market is the rising focus on artificial intelligence, big data, and cybersecurity. Many businesses and government agencies now depend on digital platforms. So, the need for advanced data analytics and AI solutions is growing fast. Companies use AI to enhance operations. It also boosts customer experience and drives innovation in products and services. Big data has become a key tool for making decisions. It helps improve efficiency and competitiveness in many sectors. The digital boom brings worries about cybersecurity. Both the public and private sectors concern themselves with protecting digital assets. The Vietnam government has made strong rules for data privacy. They also focus on fighting cyber threats. This creates more chances for the cybersecurity industry to grow in the market. The COVID-19 pandemic has greatly boosted remote work and digital services. This surge has increased the demand for ICT solutions. Digital innovation is growing. A positive ICT market outlook promises ongoing growth. This will create endless opportunities for local and international stakeholders.
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Vietnam ICT Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
● Hardware
● Network Switches
● Routers and WLAN
● Servers and Storage
● Others
● Software
● IT and Infrastructure Services
● Telecommunication Services
Industry Vertical Insights:
● BFSI
● IT and Telecom
● Government
● Retail and E-commerce
● Manufacturing
● Energy and Utilities
● Others
Regional Insights:
● Northern Vietnam
● Central Vietnam
● Southern Vietnam
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Competitive Landscape:
The competitive landscape of the industry has also been examined, along with the profiles of the key players.
Key highlights of the Report:
● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter’s Five Forces Analysis
● Strategic Recommendations
● Historical, Current, and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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This release was published on openPR.