Vietnam Cloud Computing Market 2030 Industry Report – Size, Trends, and Top Competitor

Introduction

According to TechSci Research report, “Vietnam Cloud Computing Market – By Region, Forecast & Opportunities, 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. 

Vietnam's cloud computing market is experiencing a significant technological transformation, evolving rapidly in response to a confluence of regulatory, economic, and technological factors. Fueled by the need for digitalization, data localization, sector-specific cloud solutions, and robust infrastructure investments, the country’s cloud ecosystem is being reshaped into one of Southeast Asia’s most promising markets.

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Industry Key Highlights

• Market Size (2024): USD 3.71 Billion

• Forecasted Market Size (2030): USD 6.98 Billion

• Compound Annual Growth Rate (CAGR): 10.94% (2024–2030)

• Key Drivers: Data localization laws, digital transformation, startup activity, industry-specific cloud solutions

• Top Segments by Service: SaaS (~45%), PaaS (~30%), IaaS (~25%)

• Fastest Growing Region: Central Vietnam

• High Growth Industries: Fintech, Manufacturing, E-Commerce, Healthcare, Public Services

• Strategic Infrastructure Growth: 15% annual growth in data center capacity

Emerging Trends Shaping the Vietnam Cloud Computing Market

1. Regulatory Tailwinds: Data Localization Laws

Vietnam's regulatory framework has evolved to align with global best practices around data sovereignty. The enforcement of Decree 53/2022 has prompted a massive shift in enterprise behavior. As of 2024, around 80% of businesses had moved sensitive workloads to domestic data centers, while 70% of cloud vendors responded with investments in localized infrastructure. This compliance-driven behavior has directly led to a 15% increase in annual data center capacity.

With full foreign ownership now allowed, multinational giants are setting up local hyperscale facilities—one of which is expected to deliver up to 50 MW of computing power. These developments not only ensure compliance but also reduce latency and enhance performance for critical applications.

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2. Sector-Specific Cloud Solutions Gaining Traction

Vietnamese cloud providers are tailoring services to meet the nuanced demands of verticals such as:

• Fintech: Daily transactions exceed 15 million, requiring secure, scalable, and resilient cloud environments.

• Manufacturing: Predictive maintenance and real-time monitoring, hosted on cloud platforms, have cut downtime by 20–30%.

• Retail: Post-pandemic, the adoption of cloud has risen by 50%, supporting e-commerce platforms that report 30–40% annual growth in online orders.

• Healthcare & Government: Cloud is central to e-government initiatives, including the national patient record system, which spans 50 provinces via public-private partnerships.

These custom solutions are accelerating adoption by ensuring relevance, efficiency, and ROI.

3. PaaS: The Engine of Agile Innovation

Platform as a Service (PaaS) has emerged as the fastest-growing service segment in the Vietnamese cloud landscape. In 2024, over 40% of new software applications were built using cloud-native environments powered by PaaS. The rise of containerization, microservices, and CI/CD pipelines is fueling this momentum.

PaaS is particularly attractive to:

• Startups and SMEs looking to scale quickly with limited capital

• Enterprise IT teams pursuing rapid product development

• Developers seeking built-in tools for AI/ML, automation, and analytics

Global providers like Google Cloud and Microsoft Azure, alongside domestic players such as FPT Cloud and CMC Cloud, are increasingly offering localized PaaS capabilities tailored to Vietnamese developers and businesses.

4. Central Vietnam: A New Digital Frontier

Traditionally less developed than the North and South, Central Vietnam has transformed into a growing technology and innovation hub. Cities like Da Nang, Hue, and Quang Ngai are receiving targeted investment in IT parks, smart city solutions, and public administration modernization.

With growing demand from second-tier cities, regional cloud infrastructure is evolving fast. Enhanced telecom networks, edge computing setups, and educational programs focusing on cloud skills are enabling this transformation. Central Vietnam’s development is pivotal in ensuring equitable cloud access and regional inclusivity.

Key Market Drivers

1. Government Digital Transformation Initiatives

Vietnam’s National Digital Transformation Program is a cornerstone of its cloud adoption strategy. By promoting smart governance, online education, and e-health systems, the government has created substantial demand for scalable cloud platforms.

2. Rapid Growth of the Startup Ecosystem

With over 3,800 startups, Vietnam boasts one of Southeast Asia’s most dynamic entrepreneurial ecosystems. Cloud computing serves as the backbone of this innovation, enabling fast prototyping, efficient scaling, and agile development.

3. Post-Pandemic Digital Acceleration

COVID-19 catalyzed cloud adoption across sectors. From remote work solutions to online retail, the cloud proved essential. The accelerated pace of digitalization continues to influence IT strategies well into the forecast period.

4. Foreign Direct Investment (FDI) and Infrastructure Expansion

Global tech giants are establishing data centers, investing in regional networks, and forming strategic partnerships with local firms. These efforts improve service latency, compliance, and cost-effectiveness—key advantages for Vietnam’s emerging cloud economy.

Competitive Analysis

The Vietnam Cloud Computing Market is characterized by a blend of domestic champions and global titans competing for market share through localization, innovation, and price competitiveness.

Leading Players

1. Viettel IDC / Viettel Cloud

2. FPT Cloud / FPT Corporation

3. VNG Cloud

4. CMC Cloud

5. VNPT Group

6. Mat Bao Corporation

7. HPT Vietnam Corporation

8. NextTech Group

9. VCCloud

10. Vietnam National Television Corporation

Competitive Strategies

• Localized Infrastructure: Most players have invested heavily in local data centers to meet regulatory requirements and improve service latency.

• Vertical Specialization: Providers are developing cloud platforms targeted at industries such as BFSI, logistics, healthcare, and retail.

• Global Partnerships: Strategic alliances with international providers like AWS, Google Cloud, and Microsoft Azure are expanding local capabilities.

• SME Focus: Given Vietnam’s large SME base, many providers offer affordable and scalable packages aimed at this segment.

10 Key Benefits of the Research Report

1. Market Size & Forecasts – Detailed quantitative insights up to 2030.

2. Competitive Landscape – Analysis of leading players and their strategies.

3. Regional Insights – Breakdowns by region, including growth hotspots like Central Vietnam.

4. Segment-Wise Trends – Coverage of SaaS, PaaS, and IaaS adoption patterns.

5. Application Scope – Insights across BFSI, IT & Telecom, Healthcare, Government, and more.

6. Regulatory Analysis – Implications of Decree 53/2022 and other laws on data localization.

7. Investment Opportunities – Identifying high-growth sectors and entry points for new players.

8. Infrastructure Assessment – Overview of data center growth, edge computing trends, and hyperscale developments.

9. Emerging Technologies – Examination of AI, ML, IoT, and 5G integration in cloud platforms.

10. Strategic Recommendations – Actionable intelligence for investors, vendors, and policymakers.

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Future Outlook

The future of Vietnam’s cloud computing market is marked by strong momentum, regional expansion, and technological sophistication. The ongoing growth in digital applications across industries will drive sustained demand for cloud services.

Key developments expected by 2030 include:

• Maturity of Hybrid and Multi-Cloud Models: Enterprises will increasingly adopt blended cloud strategies for flexibility, data security, and cost optimization.

• Hyper-Localization: Vendors will deepen their integration with Vietnamese enterprises, language models, and sector-specific APIs.

• Rise of AI-Integrated Cloud Platforms: AI, machine learning, and advanced analytics will become built-in features in most PaaS and SaaS offerings.

• Cloud-Native Development Boom: Cloud-native apps will become the norm, with Kubernetes and containerized environments forming the backbone of modern software development.

• Global-Vietnamese Collaborations: Vietnam will emerge as a strategic cloud market for global tech firms looking to establish a regional presence.

Conclusion

Vietnam’s cloud computing market stands at the threshold of a transformative decade. With government support, regulatory clarity, tech-savvy talent, and industry-wide cloud adoption, the country is poised to become a leading digital hub in Asia. Cloud computing is no longer a supporting technology—it is now a foundational pillar for innovation, competitiveness, and sustainable growth across Vietnam's public and private sectors.

As the ecosystem matures, cloud providers that prioritize local compliance, vertical relevance, and innovation will be best positioned to capture value in this vibrant, fast-evolving market.

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