Vietnam Cloud Computing Market 2030 Size, Key Segments & Industry Forecast

Posted 2025-10-29 05:45:38

Industry Overview

According to TechSci Research report, “Vietnam Cloud Computing Market – By Region, Competition, Forecast and Opportunities, 2020-2030F”, The Vietnam Cloud Computing Market was valued at USD 3.71 Billion in 2024 and is expected to reach USD 6.98 Billion by 2030 with a CAGR of 10.94% during the forecast period.

This growth trajectory is being propelled by a confluence of factors, including Vietnam’s aggressive digital transformation agenda, strong governmental support for IT infrastructure, and the increasing adoption of cloud services across industries such as finance, telecommunications, e-commerce, manufacturing, and healthcare.

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Industry Key Highlights

Market Valuation and Growth:
The Vietnam Cloud Computing Market reached USD 3.71 billion in 2024 and is expected to nearly double by 2030, underlining its role as a critical enabler of Vietnam’s digital economy.
Government Policy and Regulation:
Decree 53/2022 has reshaped the landscape by enforcing data localization. This has accelerated the expansion of domestic data centers and attracted both local and foreign investment in cloud infrastructure.
Dominance of SaaS:
Software as a Service (SaaS) commands approximately 45% of the market, followed by Platform as a Service (PaaS) at 30% and Infrastructure as a Service (IaaS) at 25%, reflecting Vietnam’s increasing reliance on agile, subscription-based cloud models.
Sectoral Adoption:
Cloud-enabled digital transformation is pervasive across key verticals — fintech, healthcare, retail, logistics, and public administration — driving improvements in efficiency, scalability, and innovation.
Regional Momentum:
Central Vietnam is emerging as the fastest-growing regional hub, driven by infrastructure modernization, smart city initiatives, and increasing industrial activity in cities like Da Nang, Hue, and Quang Ngai.
Rise of Domestic Players:
Local champions such as Viettel IDC, FPT Cloud, VNG Cloud, and CMC Cloud are innovating through localized solutions, improving accessibility, and promoting cost-efficient digital ecosystems tailored to Vietnamese enterprises.

Market Drivers

1. Accelerated Digital Transformation

The Vietnamese government’s National Digital Transformation Program has been a major catalyst for cloud adoption across public and private sectors. With goals to make Vietnam a “digital nation” by 2030, initiatives span e-government services, e-healthcare, smart education, and digital manufacturing. Cloud computing is the foundation upon which these initiatives operate — enabling seamless data integration, real-time analytics, and cross-sector collaboration.

2. Data Localization and Infrastructure Expansion

The introduction of Decree 53/2022 marked a turning point for Vietnam’s cloud landscape. By mandating data localization for specific industries, the decree has incentivized massive investments in domestic infrastructure. This not only ensures data sovereignty but also enhances cloud performance by reducing latency and ensuring regulatory compliance.

3. Growth in Startups and SMEs

Vietnam’s thriving startup ecosystem — particularly in fintech, logistics, and e-commerce — is increasingly leveraging cloud technologies for scalability and cost efficiency. With over 3,000 active startups, the need for cloud-native development platforms, SaaS tools, and PaaS environments has surged. SMEs prefer cloud computing for its affordability, pay-as-you-go pricing, and the ability to access enterprise-grade technologies without upfront capital investment.

Emerging Trends in the Vietnam Cloud Computing Market

1. Rise of PaaS as a Growth Engine

Platform as a Service (PaaS) has emerged as the fastest-growing segment of the Vietnamese cloud computing market. This trend reflects a broader shift toward agile development environments where developers can build, deploy, and manage applications without worrying about the underlying infrastructure.
In 2024, more than 40% of new software applications in Vietnam were built using cloud-native platforms, highlighting how PaaS is fueling innovation across industries like fintech, SaaS, e-commerce, and manufacturing.

2. Integration of AI, Machine Learning, and Analytics

AI and machine learning are becoming integral components of modern cloud ecosystems. Many Vietnamese enterprises are adopting AI-powered cloud services for predictive analytics, automated decision-making, and intelligent data processing. PaaS offerings now frequently include built-in AI/ML toolkits and APIs that simplify integration for enterprises seeking to enhance automation.

3. Growth of Hybrid and Multi-Cloud Strategies

Enterprises are increasingly moving beyond single-provider models to embrace hybrid and multi-cloud architectures. This approach allows companies to balance cost, performance, and compliance requirements by distributing workloads across public and private clouds. It also reduces dependency on a single vendor, ensuring greater operational flexibility.

4. Localization of Cloud Services

Domestic providers are offering localized cloud services customized to Vietnamese businesses’ regulatory and operational needs. These solutions often include Vietnamese-language interfaces, VND-based billing, local support teams, and compliance-ready infrastructure, making them more attractive to local enterprises compared to global competitors.

5. Cloud for Smart Cities and Public Services

Vietnam’s smart city initiatives, particularly in Da Nang and Ho Chi Minh City, are driving significant demand for cloud infrastructure. Cloud platforms power urban management systems, public health monitoring, and citizen service applications, improving transparency, responsiveness, and data sharing between government entities.

6. Expansion of Edge Computing and Data Centers

Edge computing is gaining prominence as cloud providers expand data centers to regional areas. This approach minimizes latency and enhances performance for time-sensitive applications such as video analytics, autonomous logistics, and industrial automation. The ongoing construction of hyperscale data centers further strengthens Vietnam’s position as a regional digital hub.

Key market players in the Vietnam Cloud Computing market are: -

Viettel IDC / Viettel Cloud
VNG Cloud
FPT Cloud / FPT Corporation
CMC Cloud
VNPT Group
Mat Bao Corporation
HPT Vietnam Corporation
NextTech Group
VCCloud
Vietnam National Television Corporation

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Competitive Landscape Insights:

Domestic vs. Global Dynamics:
Local providers such as Viettel and FPT are capturing growing market share by aligning with regulatory policies and offering localized support. Meanwhile, global players like Amazon Web Services (AWS) and Google Cloud are forming partnerships with Vietnamese firms to ensure compliance and enhance accessibility.
Innovation and Partnerships:
Strategic collaborations between telecom operators and tech startups are enabling the launch of hybrid and sector-specific solutions. For instance, several Vietnamese cloud firms are integrating AI, cybersecurity, and IoT capabilities to strengthen their service portfolios.
Pricing and Accessibility:
Competitive pricing strategies remain a critical differentiator. Local firms’ understanding of Vietnam’s cost-sensitive market allows them to offer flexible packages suitable for startups and SMEs, giving them an edge over global competitors with standardized pricing models.
Infrastructure Expansion:
Continuous investment in data centers, connectivity, and security frameworks is intensifying competition. Cloud service providers are racing to build capacity and ensure compliance with Vietnam’s evolving data laws.

Future Outlook

The future of Vietnam’s Cloud Computing Market looks exceptionally promising, fueled by national policies, rapid urbanization, and a tech-savvy population eager to embrace digital innovation. Over the next decade, Vietnam is expected to emerge as Southeast Asia’s cloud powerhouse, bridging the gap between global technology and localized innovation.

Key forecasts and developments include:

Expansion of Hyperscale Infrastructure:
A wave of hyperscale data centers is expected to come online, boosting computing capacity and enhancing resilience against cross-border data disruptions.
Integration with Emerging Technologies:
The convergence of cloud computing with AI, blockchain, IoT, and 5G will open new opportunities in automation, analytics, and real-time intelligence across industries.
Government Cloud and Smart Nation Initiatives:
Vietnam’s ongoing e-government projects, combined with smart city expansion, will ensure steady demand for scalable and secure cloud platforms supporting public services and citizen engagement.
SME Digitalization:
Small and medium-sized enterprises will remain a major growth segment, as cloud services empower them with enterprise-level capabilities and digital competitiveness.