Vietnam Cloud Computing Market is Expected to grow at a robust CAGR of 10.94% through 2030F

The increasing Vietnam Cloud Computing market is driven by Hybrid & Multi-Cloud Strategies Going Mainstream, Edge Computing & 5G Fusion during the forecast period 2026-2030F.

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. Vietnam’s data laws have compelled companies to localize data hosting. Since Decree 53/2022, ~80% of enterprises have shifted sensitive workloads domestically, and 70% of cloud vendors have invested in local infrastructure to comply. This led to a 15% annual expansion in data centre capacity, with major players like Alibaba, Google, and CMC building local facilities. One provider added 1,200 racks across 13,000 sqm in 2023. Full foreign ownership is now permitted, accelerating investments—a hyperscale data centre capable of delivering 50 MW is under evaluation, signaling serious global commitment.

Vietnamese providers are developing tailored cloud solutions for verticals like fintech, logistics, e-commerce, and healthcare. SaaS now dominates with ~45% market share, followed by PaaS at ~30% and IaaS at ~25%. In fintech, cloud-enabled payment platforms now handle ~15 million daily transactions, necessitating resilient infrastructure. In manufacturing, predictive maintenance solutions, hosted on cloud, have reduced downtime by 20–30%. Cloud adoption in retail increased by ~50% post-COVID, supporting online orders surging 30–40% annually. Similarly, e-government projects like national patient record systems now rely on cloud platforms, with 50 provinces connected through public-private partnerships. These customized offerings enhance relevance, accelerating adoption across verticals.

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Based on service, Platform as a Service is the fastest growing segment in the Vietnam Cloud Computing market during the forecast period driven by the increasing demand for agile development tools, accelerated digital transformation, and cost-efficient innovation. PaaS offers a complete development and deployment environment in the cloud, allowing developers to build, test, and scale applications without managing the underlying infrastructure. This model is particularly appealing to Vietnamese startups, SMEs, and enterprise IT teams seeking rapid innovation while minimizing capital expenditure. Vietnam’s booming tech ecosystem—with thousands of startups and digital-first companies—is fueling demand for modern development environments. In 2024, more than 40% of new applications were built using cloud-native platforms, many of which rely on PaaS for continuous integration/continuous deployment (CI/CD), container orchestration, and microservices. PaaS enables faster time-to-market, which is critical in highly competitive sectors like fintech, e-commerce, and SaaS.

The government’s digital economy agenda, especially under the National Digital Transformation Program, has also increased demand for scalable software platforms across public and private sectors. PaaS supports e-government initiatives, online learning platforms, and smart city projects by providing reliable and scalable backend services. Moreover, the adoption of emerging technologies like artificial intelligence (AI), machine learning (ML), and Internet of Things (IoT) is rising rapidly in Vietnam. PaaS platforms often come with built-in AI/ML toolkits, APIs, and data analytics engines, enabling companies to deploy advanced functionalities with minimal technical barriers. This capability is particularly useful in manufacturing, logistics, and retail, where real-time analytics and automation are becoming critical. Additionally, international providers like Microsoft Azure and Google Cloud, along with domestic players such as FPT Cloud and CMC, are increasingly offering localized PaaS solutions, improving access and performance. With the convergence of digital demand, innovation needs, and cost sensitivity, PaaS is emerging as a key enabler in Vietnam’s evolving cloud landscape.

Based on region, Central Vietnam is the fastest growing region in the Vietnam Cloud Computing Market during the forecast period driven by infrastructure development, growing industrial activity, and increasing digital transformation in second-tier cities. Historically less developed than the northern and southern regions, Central Vietnam is now emerging as a major technology and innovation hub, thanks to targeted government investment and strategic private-sector initiatives. Cities like Da Nang, Hue, and Quang Ngai are actively investing in smart city development, IT parks, and digital government services. Da Nang, in particular, has positioned itself as a “smart city pioneer,” attracting both domestic and foreign IT companies to establish cloud-enabled digital services. The city has already implemented multiple cloud-supported applications across healthcare, public administration, and education. This push is expected to continue, with cloud infrastructure serving as the backbone for data-driven governance.

The region is also benefiting from increased investment in data centers and telecom infrastructure. Several internet service providers and cloud vendors have announced plans to expand regional network coverage and edge computing nodes in Central Vietnam, which reduces latency and enhances cloud performance for local enterprises. Additionally, the growth of high-tech industrial zones in provinces like Quang Nam and Thua Thien-Hue is driving demand for cloud-based solutions in manufacturing, logistics, and automation. Educational institutions in Central Vietnam are ramping up IT and cloud-skills training, supporting a local talent pipeline. This, in turn, is encouraging SMEs and tech startups to adopt cloud solutions for software development, customer service, and remote collaboration. Furthermore, government support for digital transformation in rural and semi-urban areas of Central Vietnam is creating new cloud demand beyond urban centers.

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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“The Vietnam Cloud Computing market offers strong growth opportunities driven by rapid digital transformation, government support, and increasing cloud adoption across industries. The launch of a national cloud development program and rising investments in data centers enhance infrastructure readiness. SMEs and startups are leveraging cloud services for agility and scalability, while public sector digitalization accelerates demand. Emerging technologies like AI, IoT, and 5G further boost the need for cloud platforms. Additionally, expanding hybrid and multi-cloud strategies, along with foreign partnerships and localized solutions, create a favorable environment for cloud service providers to capture untapped potential across Vietnam’s regions.Top of Form” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.

“Vietnam Cloud Computing Market By Service (Infrastructure as a Service, Software as a Service, Platform as a Service), By Deployment (Private, Hybrid, Public), By Application Service (Large Enterprises, Small and Medium Sized Enterprises, Government), By End User (BFSI, IT and Telecom, Retail and Consumer Goods, Healthcare, Others), By Region, Competition, Forecast and Opportunities, 2020-2030F”, has evaluated the future growth potential of Vietnam Cloud Computing 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 Cloud Computing Market.

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