Vietnam ICT Market To Reach USD 15.98 Billion By 2031 As Smart-City, Cloud And AI Investments Accelerate
Dublin, Sept. 14, 2026 (GLOBE NEWSWIRE) -- "Vietnam ICT - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)" has been added to ResearchAndMarkets.com's offering.
The Vietnam ICT market was valued at USD 9.12 billion in 2025 and is projected to increase from USD 10.01 billion in 2026 to USD 15.98 billion by 2031. This represents a compound annual growth rate of 9.81% during the 2026-2031 forecast period. Market expansion is being supported by national digital-transformation initiatives, smart-city infrastructure programs, enterprise cloud adoption, artificial intelligence investment and the continued modernization of Vietnam's manufacturing sector.
Smart-City Infrastructure Creates New ICT Growth Opportunities
Government approval of 48 municipal digitalization roadmaps has established an estimated USD 2 billion pipeline for connectivity infrastructure, sensor networks, data platforms and cybersecurity solutions. Major initiatives include Ho Chi Minh City's flood-management upgrade and Da Nang's sustainable-city development plan, both of which require real-time analytics, Internet of Things gateways and edge-computing capabilities.
Public-sector cybersecurity requirements are also strengthening demand for threat detection, identity management and managed security services. The mandatory allocation of at least 10% of public-sector IT budgets to cybersecurity is expected to expand opportunities for technology vendors, telecommunications operators and systems integrators. Vietnam's VNeID digital identity platform, which already supports millions of citizens, is also scaling authentication services across e-government portals and other public digital services.
Together, these projects are creating broader opportunities for cloud providers, network operators, data-center developers and ICT consulting firms. They are also helping position Vietnam as an important regional market for smart-city technologies and digitally enabled public infrastructure.
Industry 4.0 Adoption Drives Enterprise Digital Transformation
Vietnamese manufacturers are accelerating investment in artificial intelligence, industrial automation, robotics and connected-factory platforms. Manufacturing facilities using AI-powered predictive maintenance have reported production-efficiency gains of between 30% and 50%. Textile exporter Vinatex recorded a 6.1% increase in consolidated revenue following the deployment of IoT-enabled supply-chain analytics, highlighting the commercial potential of industrial digitalization.
Samsung's USD 920 million expansion further demonstrates rising investment in machine-learning-based quality control, automated logistics and advanced manufacturing capabilities. Automotive digitalization is also gaining momentum following Decree 109, which reduced registration taxes for locally produced vehicles. Meanwhile, blockchain-enabled provenance tracking and AI-supported demand forecasting are helping manufacturers improve supply-chain visibility, shorten time-to-market and pursue higher-margin international orders.
Cloud, AI and Managed Services Support Market Expansion
IT hardware accounted for 22.88% of the Vietnam ICT market in 2025 as telecommunications operators and enterprises upgraded base stations, networking systems and data-center equipment to support nationwide 5G deployment. Hardware growth is expected to moderate as major infrastructure build-outs mature, while demand for technology services continues to rise.
IT services are forecast to record a 12.07% CAGR through 2031, supported by consulting, systems integration, cloud migration and managed cybersecurity projects. Hybrid cloud adoption, enterprise resource planning modernization and AI implementation require ongoing specialist support, creating recurring revenue opportunities for service providers and technology integrators.
Enterprise adoption of scalable, consumption-based cloud services is also increasing demand for connectivity, data protection and cybersecurity solutions bundled by telecommunications providers. Software revenue continues to grow as organizations shift from perpetual licenses to subscription-based software models. At the same time, higher mobile-data consumption and emerging enterprise 5G applications are supporting communication-services revenue.
Managed services are becoming particularly important for small and medium-sized enterprises seeking access to cybersecurity monitoring and other specialized ICT capabilities without significantly expanding internal teams. Additional market growth drivers include cloud- and AI-related capital expenditure and Vietnam's "Make in Vietnam" digital-economy strategy.
Infrastructure Costs and ICT Talent Shortages Remain Key Challenges
Despite the positive outlook, high upfront costs associated with 5G spectrum, fiber backhaul and Tier III data-center construction could constrain investment, particularly outside Vietnam's largest metropolitan areas. Lower demand density in secondary cities may extend project payback periods, while currency volatility, higher interest rates and land-use approvals can increase costs and delay development.
Although public-private partnership models are emerging, financing gaps remain for smaller regional carriers and neutral-host tower operators. These challenges could slow rural broadband deployment and restrict edge-computing coverage required for advanced Industry 4.0 applications. A shortage of specialized ICT professionals may also affect the pace of cloud, cybersecurity, data analytics and AI implementation.
Nevertheless, sustained public- and private-sector investment, rapid enterprise digitalization and growing demand for secure cloud-based services are expected to keep the Vietnam ICT market on a strong growth trajectory through 2031.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET LANDSCAPE
4.1 Market Overview
4.2 Market Drivers
4.2.1 Smart-city infrastructure programmes
4.2.2 Digital transformation across Industry 4.0 value-chains
4.2.3 Surging cloud- and AI-linked capex
4.2.4 Government "Make-in-Vietnam" digital-economy roadmap
4.2.5 Semiconductor self-sufficiency incentives
4.2.6 Hyperscale and regional IDC hub build-out
4.3 Market Restraints
4.3.1 High up-front network and data-centre build costs
4.3.2 Shortage of specialised ICT talent
4.3.3 Heavy reliance on imported core components
4.3.4 Fragmented cyber-regulatory compliance burden
4.4 Value / Supply-Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.6.1 Key Technology Investments
4.6.1.1 Cloud Technology
4.6.1.2 Artificial Intelligence
4.6.1.3 Cyber-security
4.6.1.4 Digital Services
4.6.1.5 Edge Computing and IoT
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products
4.7.5 Intensity of Competitive Rivalry
4.8 Ecosystem Analysis
4.9 Industry Stakeholder Analysis
4.10 Impact and Recovery from COVID-19 and Macro Shifts
5 MARKET SIZE AND GROWTH FORECASTS (VALUE)
5.1 By Type
5.1.1 IT Hardware
5.1.1.1 Computer Hardware
5.1.1.2 Networking Equipment
5.1.1.3 Peripherals
5.1.2 IT Software
5.1.3 IT Services
5.1.3.1 Managed Services
5.1.3.2 Business Process Services
5.1.3.3 Business Consulting Services
5.1.3.4 Cloud Services
5.1.4 IT Infrastructure
5.1.5 Communication Services
5.2 By End-User Enterprise Size
5.2.1 Small and Medium Enterprises
5.2.2 Large Enterprises
5.3 By End-user Industry Vertical
5.3.1 Government and Public Administration
5.3.2 BFSI
5.3.3 Energy and Utilities
5.3.4 Retail, E-commerce and Logistics
5.3.5 Manufacturing and Industry 4.0
5.3.6 Healthcare and Life Sciences
5.3.7 Oil and Gas (Up-, Mid-, Down-stream)
5.3.8 Gaming and Esports
5.3.9 Other Verticals
5.3.10 By Industry Vertical (Value)
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share Analysis
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
6.4.1 Microsoft Corporation
6.4.2 Cisco Systems Inc.
6.4.3 Viettel Group
6.4.4 VNPT Group
6.4.5 FPT Corporation
6.4.6 CMC Corporation
6.4.7 Qualcomm Technologies Inc.
6.4.8 Google LLC (Alphabet Inc.)
6.4.9 Fujitsu Ltd.
6.4.10 Fortinet Inc.
6.4.11 Vietnamobile
6.4.12 D-Link Systems Inc.
6.4.13 Hewlett Packard Enterprise
6.4.14 Telehouse Vietnam
6.4.15 Oracle Corporation
6.4.16 IBM Corporation
6.4.17 Samsung Electronics Vietnam
6.4.18 VNG Corporation
6.4.19 MobiFone
6.4.20 TMA Solutions
6.4.21 KMS Technology
6.4.22 NashTech
6.4.23 Axon Active Vietnam
6.4.24 Ciena Corporation
6.4.25 Ericsson Vietnam
7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK
7.1 White-space and Unmet-Need Assessment
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