Vietnam Information & Technology Market
5G, Data Centers, Software, and IT Services Growth
The ICT sector is perhaps Vietnam’s most dynamic, with the digital economy projected to reach 100 billion by 2030. Vietnam is already the world’s second-largest smartphone exporter, with electronics exports reaching a record $143 billion in 2025.
Infrastructure is evolving rapidly; Viettel launched commercial 5G in late 2024, with a goal to cover 99% of the population by 2025. This connectivity supports a booming digital landscape where e-commerce, fintech, and gaming are thriving—IT services exports now exceed $3 billion annually.
Data governance is becoming a central focus, as the 2019 Cybersecurity Law mandates data localization for certain services, sparking a surge in Data Center investments from firms like GIC and NTT. With 50,000 ICT graduates entering the workforce each year, Vietnam is not just a market but an R&D hub for global giants like Samsung and Intel. Foreign software providers (SaaS) and cybersecurity firms find a fertile environment as local enterprises across banking and retail aggressively digitalize.
Our ICT sector coverage
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Semiconductor and electronic components
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Electronics systems and devices
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Hardware and infrastructure solutions
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Software and digital platforms
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Telecommunications and connectivity
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IT services and system integration
