Press Release

Vietnam Enterprise Resource Planning (ERP) Market is expected to grow at a robust CAGR of 9.91%

Acceptance of Digital Transformation & Real-time Analytics is one of the factors driving the Vietnam Enterprise Resource Planning (ERP) Market during the forecast period 2024-2028.

According to TechSci Research report,Vietnam Enterprise Resource Planning (ERP) Market – By Region, Competition, Forecast and Opportunities, 2018-2028”, the Vietnam Enterprise Resource Planning (ERP) Market has valued at USD 47.11 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.91% through 2028. The Vietnam Enterprise Resource Planning (ERP) Market is currently in a phase of significant expansion, and this growth can be attributed to a variety of factors that are reshaping the landscape of how businesses and individuals manage their essential assets and services. ERP solutions have emerged as transformative tools, revolutionizing the way industries safeguard critical infrastructure across various sectors. Let's delve into the key driving forces behind the expansion and adoption of ERP solutions in Vietnam.


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The Vietnam Enterprise Resource Planning (ERP) Market is currently experiencing robust growth, driven by a confluence of factors that are reshaping the landscape of business operations and services across multiple sectors. ERP services have become an integral part of how businesses and organizations in Vietnam ensure uninterrupted and efficient operations in an ever-evolving environment. Let's explore the key drivers behind this surge in adoption within the Vietnam ERP market: Vietnam is undergoing rapid infrastructure development and urbanization. Ongoing construction projects, encompassing commercial, residential, and industrial sectors, are transforming the country's landscape. As cities expand and new facilities emerge, there is a growing demand for reliable and adaptable temporary power solutions. Construction sites rely on a constant and stable supply of electricity for tools, machinery, and lighting. Simultaneously, temporary cooling solutions are indispensable, providing a safe and comfortable working environment, especially in the face of extreme heat in some regions. The requirement for these services is propelling the adoption of ERP solutions as the backbone of a dynamic and modernizing society.

The increase in the urban population further intensifies the need for power and cooling services in both residential and commercial areas. Temporary power solutions are vital for addressing power shortages, outages, or complementing existing grid infrastructure. This heightened demand is closely linked to the surge in urbanization, driving the adoption of ERP solutions as a means to maintain operational continuity and ensure efficient service delivery.

Vietnam has become a magnet for global events, conferences, and large gatherings, ranging from international sports events to cultural festivals and business exhibitions. The success of these events heavily relies on reliable temporary power solutions to provide electricity for stages, lighting, sound systems, and other event essentials. Additionally, temporary cooling solutions play a crucial role in ensuring the comfort and safety of event attendees, particularly in outdoor settings where extreme weather conditions can be challenging. The thriving event and hospitality industry in Vietnam is a significant driver behind the increased demand for ERP services, as these solutions are pivotal in creating memorable experiences for both local and international visitors, thereby enhancing the nation's reputation as a preferred destination for diverse gatherings.

Vietnam's industrial and manufacturing sectors are experiencing significant expansion and modernization. The country's economic diversification and investments in sectors like manufacturing, petrochemicals, automotive, and pharmaceuticals are fueling the need for ERP solutions. Many of these industries rely on sophisticated machinery and equipment, which often demand precise temperature control and a continuous power supply. ERP solutions are central to these industrial settings, ensuring that manufacturing processes and equipment function optimally, even during grid outages. Temperature control is critical for preserving product quality and equipment performance. The integration of advanced technologies in these sectors further accentuates the necessity for temporary power to support automation, data centers, and precision machinery.

In summary, the Vietnam ERP market is witnessing substantial growth driven by rapid infrastructure development and urbanization, the expansion of the event and hospitality industry, and the growth and modernization of the industrial sector. These driving forces underscore the vital role of ERP solutions in supporting Vietnam's development and modernization efforts across various sectors, ultimately contributing to the resilience and operational continuity of essential services.

The manufacturing segment dominated the Vietnam Enterprise Resource Planning (ERP) Market with a market share of 32.36% in 2022.

Manufacturing in Vietnam has played a pivotal role in the country's remarkable growth, contributing over 20 percent to its GDP and bolstering its trade balance through attracting foreign direct investment (FDI).

Vietnam has emerged as an attractive destination for multinational corporations seeking to establish production facilities, owing to factors such as cost-effective labor, strategic geographical location, and favorable trade agreements.

As a result, organizations are actively exploring opportunities in Vietnam's manufacturing sector, leading to a growing demand for Enterprise Resource Planning (ERP) solutions.

Notably, Vietnam is a significant exporter of rubber and plastic goods, with an annual export value exceeding USD5 billion. Leveraging its substantial production capacity, Vietnam's manufacturing sector is poised for rapid growth, making it a promising market for ERP solutions. Thus, market players are advised to focus on this burgeoning sector to capitalize on lucrative market opportunities.


Key market players in the Vietnam Enterprise Resource Planning (ERP) Market are:-

  • Oracle Vietnam Pte Ltd
  • Infor Vietnam Inc
  • Enterprise Management Software Joint Stock Company (FAST)
  • SAP Vietnam Co. Ltd.
  • Epicor Software Vietnam Company Limited
  • IBM Vietnam Co., Ltd.
  • Microsoft Vietnam Limited Liability Company
  • Sage Software Asia Pte Ltd
  • ESI Services Vietnam Co. Ltd
  • DEHA Vietnam Joint Stock Company(Syspro Software Company)


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“The Southern region dominates the Vietnam Enterprise Resource Planning (ERP) market. This is due to the following factors:

Concentration of businesses: The Southern region is home to the largest concentration of businesses in Vietnam. This is due to the region's favorable geographical location, its proximity to major seaports and airports, and its well-developed infrastructure.

Higher level of economic development: The Southern region is the most economically developed region in Vietnam. This has led to a higher demand for ERP solutions from businesses in the region. Greater awareness of ERP benefits: Businesses in the Southern region are more aware of the benefits of ERP than businesses in other regions of Vietnam. This is due to the region's exposure to global best practices and its higher concentration of foreign-invested enterprises.

Here are some of the key industries that are driving the growth of the ERP market in the Southern region:

Manufacturing: The manufacturing industry is the largest industry in the Southern region, and it is also the largest user of ERP solutions in the region.

Retail: The retail industry is another major user of ERP solutions in the Southern region.

Financial services: The financial services industry is also a major user of ERP solutions in the Southern region. Healthcare: The healthcare industry is a growing user of ERP solutions in the Southern region.

Education: The education industry is another growing user of ERP solutions in the Southern region. The ERP market in the Southern region is expected to continue to grow in the coming years. This is due to the region's favorable economic conditions, its high concentration of businesses, and its growing awareness of the benefits of ERP.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Vietnam Enterprise Resource Planning (ERP) Market Segmented By Component (Software and Services), By Deployment Type (On-Premises and Cloud), By Function (Finance, Human Resource, Customer Management, Inventory Management, Supply Chain, Others), By End User (Manufacturing, BFSI, Healthcare, Retail, Government & Utilities, IT & Telecom, Others), By Enterprise (Large, Small & Medium), By Region, and By Competition, 2018-2028,” has evaluated the future growth potential of Vietnam Enterprise Resource Planning (ERP) Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam Enterprise Resource Planning (ERP) Market.

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