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Vietnam Cloud Computing Market Size, Share, Demand And Forecast 2025-2033

11-13-2025 08:34 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: IMARC Group

Vietnam Cloud Computing Market Size, Share, Demand And Forecast

Market Overview

The Vietnam cloud computing market was valued at USD 3,575.76 Million in 2024 and is projected to reach USD 9,102.52 Million by 2033, growing at a CAGR of 10.94% during the forecast period of 2025-2033. Growth is driven by government-backed digital transformation initiatives, increasing digital consumption, and a booming e-commerce sector. Supportive government policies and rising investments by domestic and international cloud providers further enhance market expansion.

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Study Assumption Years

Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Year/Period: 2025-2033

Vietnam Cloud Computing Market Key Takeaways

Current Market Size: USD 3,575.76 Million in 2024
CAGR: 10.94% from 2025 to 2033
Forecast Period: 2025-2033
The Vietnamese government supports digital transformation with policies promoting cloud adoption in sectors like education, healthcare, finance, and public administration.
Vietnam has a rapidly growing digital consumer base and a vibrant startup ecosystem favoring cloud solutions for scalability and cost-efficiency.
Public, private, and hybrid cloud deployments cater to diverse business needs including data security and flexibility.
The e-commerce boom in Vietnam drives demand for scalable and agile cloud infrastructure.
International and local cloud providers are investing heavily in Vietnam's cloud infrastructure, complying with localization and security regulations.

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Market Growth Factors

The Vietnamese government has strongly prioritized digital transformation and considers cloud computing a key method for the economic modernization and growth of Vietnam. National strategies also promote the use of cloud computing in the education, healthcare, finance, and public administration sectors, both in the public and private sectors. Telecom companies and public sector companies are creating local cloud ecosystems through sovereign data spaces to reduce dependency on foreign infrastructure. The government is working to increase connectivity in rural and semi-urban areas, in which cloud services could also be provided to a larger audience. The use of cloud computing infrastructure in smart city projects, digital identity projects, and e-government services may drive innovation and market growth.

As a fast-growing online consumer market, with a dynamic startup ecosystem, the younger generation of consumers in India is increasingly becoming smart-phone dependent and spending more time on apps and other online services, almost all of which are cloud-based. Startups prefer cloud-native apps because they do not require large upfront investments in conventional servers and can scale quickly to meet their needs in a hyper-competitive market. Innovation centers, incubators, and accelerators promote cloud computing as a best digital business practice. As the ecosystem matures into adopting advanced technology capabilities like machine learning and big data analytics, and integrated security becomes commonplace, cloud is becoming embedded in the Vietnamese entrepreneurial economy.

Another major growth factor is the increase in e-commerce, fueled by better smartphone penetration, acceptance of online payments, and an increasing number of young, internet savvy buyers; growth rates of 16-30% over the last four years. Scalable, flexible and secure cloud computing infrastructure can be used to manage customer interaction, control inventory management, process payments and ease AI-based recommendations. Cloud infrastructure can ease data analysis to personalize customer experience and optimize supply chain. To handle spikes in traffic from sales and promotions, small start-ups as well as large platforms are increasingly adopting the public and hybrid clouds to build and support the digital economy.

Market Segmentation

Analysis by Service:

Software as a Service (SaaS): Rapidly growing as enterprises seek agile, affordable solutions for CRM, operations, and productivity. SMEs favor SaaS for low setup and subscription costs supporting remote work and scalability.
Infrastructure as a Service (IaaS): Major segment offering scalable computing, networking, and storage. Strong demand among large firms and government needing secure, localized infrastructure.
Platform as a Service (PaaS): Enabling developers and startups with tools to build applications without hardware/software management, fostering quick deployment and experimentation.

Analysis by Deployment:

Public: Popular for affordability, flexibility, and scalability, favored by startups, SMEs, and e-commerce.
Private: Gaining traction in government, banking, and large enterprises valuing data security, compliance, and customization.
Hybrid: Combines public and private benefits, allowing flexibility and cost optimization in complex IT environments.

Analysis by Organization Type:

Small and Medium-sized Enterprises (SMEs): Quickly adopting cloud to enhance efficiency and reduce IT expenses with scalable, subscription-based models.
Large Enterprises: Investing in cloud for digital modernization, hybrid/private clouds preferred for control and scalability across multiple industries.

Analysis by End User:

IT and Telecom: Driving cloud use for scalable software development, data storage, and digital service delivery.
BFSI (Banking, Financial Services, Insurance): Adopting cloud for security, real-time transactions, fraud detection, and digital transformation.
Retail and Consumer Goods: Using cloud for supply chain management, inventory, customer interaction, and e-commerce growth.
Healthcare: Implementing cloud for patient records, telemedicine, diagnostics, and secure data exchange.
Others: Various sectors leveraging cloud technology for operational improvements.

Regional Insights

Dominant Region: Southern Vietnam

Southern Vietnam, led by Ho Chi Minh City, dominates the cloud computing industry as the nation's commercial and financial hub. High digital usage and rapid enterprise digitization fuel demand for cloud infrastructure and services. This vibrant region hosts many technology firms, banks, and startups, making it the primary driver of Vietnam's cloud computing market expansion.

Recent Developments & News

Several key developments highlight the dynamic cloud computing market in Vietnam. In May 2025, Vietnam Airlines partnered with FPT to co-develop cloud-based digital transformation solutions for operational efficiency and customer experience. In April 2025, Viettel Group launched the groundbreaking of a high-tech data center in Ho Chi Minh City to support digital economy growth with AI and cloud technologies. Also in April 2025, the Da Nang International Data Centre opened a major hub with a 1,000-rack system including cloud services and AI applications. Westcon-Comstor extended its AWS distribution agreement to become Vietnam's first authorized AWS distributor. In June 2024, VNG Cloud launched the first multi-region cloud infrastructure in Vietnam adhering to international standards.

Key Players

Microsoft Azure
Amazon Web Services (AWS)
Google Cloud
Viettel
FPT Telecom
Cloud4C
VNG Cloud
Westcon-Comstor

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302

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 provide 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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