Vietnam Cloud Storage Market By Component (Solution, Service), By Deployment Mode (Public, Private, Hybrid), By Organization Size (Large Enterprises, SMEs), By End User Industry (IT & Telecommunications, BFSI, Healthcare, Retail & E-Commerce, Manufacturing & Engineering, Others), By Region, Competition, Forecast & Opportunities, 2021-2031F

Key Insights	Details
Forecast Period	2027-2031
Market Size (2025)	USD 1.12 Billion
CAGR (2026-2031)	17.52%
Fastest Growing Segment	Hybrid Cloud
Largest Market	Southern Vietnam
Market Size (2031)	USD 2.95 Billion

Market Overview

The Vietnam Cloud Storage Market will grow from USD 1.12 Billion in 2025 to USD 2.95 Billion by 2031 at a 17.52% CAGR. Cloud storage in Vietnam represents internet-based services wherein data is stored on remote servers, enabling online data management, backup, and access without reliance on local systems. The market's expansion is fundamentally driven by the exponential growth of digital data, fueled by increasing digitalization across diverse sectors. Additionally, the inherent cost efficiency and scalability of cloud solutions, which mitigate substantial upfront infrastructure investments, serve as a critical catalyst for market uptake.

Evidencing this momentum, according to the Ministry of Information and Communications, the Vietnamese government aims for 100% of its agencies to utilize cloud computing by 2025. Furthermore, according to the Vietnam Internet Association, in 2024, Infrastructure as a Service (IaaS) held a substantial market share in Vietnam, with Viettel at 39% and CMC at 20%. A significant challenge impeding market expansion, however, remains the ongoing need for substantial infrastructure development, particularly concerning data center capacity and network resilience.

Key Market Drivers

Exponential Data Growth Fuels Cloud Storage Demand
Exponential data growth across industries is a primary driver for the Vietnam Cloud Storage Market, as businesses across diverse sectors generate vast amounts of digital information requiring efficient and scalable storage solutions. The proliferation of online services, digital content, and data analytics capabilities necessitates robust infrastructure to manage, process, and secure this expanding data. For instance, according to Savills Industrial, May 2026, e-commerce platforms grew 34.4% year-on-year in early 2025, directly increasing the demand for cloud storage to support transactional data, user profiles, and product catalogs. This continuous data generation compels enterprises to adopt cloud storage for its capacity and flexibility, avoiding significant upfront capital expenditures.

Government Initiatives and Investment Accelerate Cloud Adoption
Complementing this growth, government-led digital transformation initiatives significantly boost the cloud storage market. The Vietnamese government actively promotes digitalization across public services and encourages businesses to embrace digital technologies to enhance national competitiveness. Such initiatives involve extensive data centralization and the modernization of IT infrastructure within state agencies and public sector entities. According to VGP, in November 2025, Viet Nam announced an allocation of VND95 trillion (US$3.6 billion) from the State budget for science, technology, innovation, and digital transformation in 2026, highlighting a strong commitment to enhancing digital capabilities. This substantial investment fosters a supportive environment for cloud adoption, with the overall cloud computing market in Vietnam estimated to reach USD 1.24 billion in 2025, according to the ICT Sector Update Report, January 2026.

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Key Market Challenges

Infrastructure Constraints Limit Domestic Cloud Growth
The ongoing need for substantial infrastructure development, particularly concerning data center capacity and network resilience, significantly hampers the growth of the Vietnam Cloud Storage Market. Limited data center capacity directly restricts the volume and complexity of data that can be efficiently stored and processed domestically. This creates bottlenecks for businesses aiming to expand their cloud operations, necessitating reliance on foreign infrastructure which may introduce latency and compliance challenges.

Insufficient Network Resilience Undermines Cloud Reliability
Furthermore, insufficient network resilience, including adequate bandwidth and stable connectivity, undermines the reliability and performance expected from cloud storage services. This deficiency can lead to slower data access and reduced service availability, deterring enterprises from fully migrating their critical data and applications to cloud platforms. According to the Vietnam Internet Association, Vietnam's data center capacity was projected to reach 525 MW in 2025. Such capacity constraints directly impede the scalable and robust cloud environments necessary to support the nation's increasing digitalization demands.

Key Market Trends

Hybrid cloud adoption and data residency compliance
Accelerated hybrid cloud adoption is a significant trend, as Vietnamese enterprises increasingly seek to balance the agility of public cloud with the security and control of private infrastructure. This model enables organizations to manage sensitive data and comply with local regulations by storing critical information within domestic data centers, while leveraging global public cloud resources for less sensitive workloads and scalability. This approach is further compelled by regulatory changes; enforced in January 2026, the Personal Data Protection Law penalizes cross-border data violations with up to 5% of local revenue, forcing enterprises into domestic facilities, according to Savills Industrial, May 24, 2026, in the 'Data center in Vietnam: The Investment Trend in 5 years' report. This strategic shift facilitates data residency compliance and optimizes IT spending by placing workloads in the most suitable environments.

Rising AI and analytics storage demand
The growing demand for AI and data analytics storage profoundly influences the Vietnam Cloud Storage Market. As businesses intensify their efforts in processing large datasets for insights and deploying artificial intelligence models, the need for high-performance, scalable, and cost-effective storage solutions escalates. AI and data analytics workloads require immense storage capacity, high input/output operations per second, and low latency to efficiently handle the vast quantities of structured and unstructured data involved. Evidence of this escalating adoption is clear; in 2025, 13 percent of urban Vietnamese respondents used AI tools daily, a figure which had risen to 19 percent by 2026, according to the Vietnam Investment Review, May 18, 2026, citing the 2026 WIN World AI Index. This increasing utilization necessitates cloud storage infrastructures capable of supporting intensive computational demands.

Segmental Insights

Hybrid Cloud: Primary Growth Driver Balancing Data Sovereignty and Cloud-Native Scalability
The key segmental insight for the Vietnam Cloud Storage Market indicates that Hybrid Cloud is experiencing the most rapid expansion. This growth is primarily driven by the increasing need for organizations to balance stringent data sovereignty and compliance requirements with the desire for cloud-native scalability and flexibility. Vietnamese enterprises, particularly those in regulated sectors, adopt hybrid models to ensure sensitive data remains onshore or within private infrastructure, thereby adhering to local laws such as those enforced by the Ministry of Public Security and the Ministry of Information and Communications. This approach allows businesses to optimize costs by leveraging existing IT investments while strategically utilizing public cloud resources for less critical or fluctuating workloads, supporting the nation's broader digital transformation agenda.

Regional Insights

Southern Vietnam Leads the Cloud Storage Market
Southern Vietnam leads the Vietnam Cloud Storage Market due to its status as the nation's primary economic and commercial hub, notably centered around Ho Chi Minh City. This region possesses a high concentration of enterprises across key sectors, including finance, manufacturing, retail, and technology, all actively investing in cloud solutions to modernize their IT infrastructure and support digital transformation initiatives. Furthermore, Southern Vietnam benefits from robust internet infrastructure and a significant density of advanced data centers, established by prominent providers, ensuring enhanced connectivity and service reliability for businesses. This established ecosystem, coupled with a digitally proficient workforce, drives the strong adoption of cloud storage services.

Recent Developments

• In December 2025, VNG, a leading Vietnamese technology company, merged its cloud computing division, VNG Cloud, with its AI infrastructure unit, GreenNode, under the unified GreenNode brand. This strategic move positioned GreenNode as one of the few platforms in Vietnam offering both traditional cloud services and high-performance AI cloud capabilities within a single integrated ecosystem. The combined platform aimed to streamline the process for Vietnamese customers to train, fine-tune, and deploy artificial intelligence models, thereby reducing their dependency on multiple vendors and strengthening the domestic cloud storage and computing market.
• In October 2025, Viettel IDC, a prominent cloud and data center provider in Vietnam, achieved the highest 'Pinnacle' partner status within Broadcom's VMware partner program. This strategic collaboration positioned Viettel IDC to deliver advanced managed private cloud services, built upon Broadcom's VMware Cloud Foundation platform, to enterprises throughout the Southeast Asia region, including Vietnam. This enhanced offering was specifically aimed at supporting Vietnamese businesses in modernizing their digital infrastructure and accelerating innovation, particularly through sovereign cloud services that adhere to local data residency requirements and jurisdictional controls.
• In June 2024, VNG Cloud introduced Vietnam's first multi-region cloud computing infrastructure, marking a significant development for data storage and protection services. This breakthrough allowed businesses operating in Vietnam to access enhanced capabilities for managing, expanding, and transmitting data with greater flexibility and resilience. The establishment of this international-standard multi-region infrastructure in Hanoi directly addressed the increasing demand for robust cloud computing and storage solutions, positioning VNG Cloud as a key enabler for advanced digital transformation within the Vietnamese market.
• In January 2024, FPT Telecom launched a new suite of cloud storage services specifically designed for enterprises across Vietnam. These services focused on providing scalable, secure, and cost-effective data management solutions. The introduction of these new offerings by FPT Telecom was a direct response to the increasing demand from Vietnamese businesses for efficient and reliable cloud computing and data storage capabilities. This initiative aimed to enhance the digital transformation journeys of local companies by providing robust infrastructure for their growing data needs within the Vietnam cloud storage market.

Key Market Players

• Microsoft Azure
• AWS
• Google Cloud
• Oracle Cloud
• IBM Cloud
• Alibaba Cloud
• STC Cloud
• Mobily Cloud
• Zain Cloud
• Viettel Cloud

By Component	By Deployment Mode	By Organization Size	By End User Industry	By Region
Solution Service	Public Private Hybrid	Large Enterprises SMEs	IT & Telecommunications BFSI Healthcare Retail & E-Commerce Manufacturing & Engineering Others	Northern Central Southern

Report Scope:

In this report, the Vietnam Cloud Storage Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Cloud Storage Market, By Component:

• Solution
• Service

• Vietnam Cloud Storage Market, By Deployment Mode:

• Public
• Private
• Hybrid

• Vietnam Cloud Storage Market, By Organization Size:

• Large Enterprises
• SMEs

• Vietnam Cloud Storage Market, By End User Industry:

• IT & Telecommunications
• BFSI
• Healthcare
• Retail & E-Commerce
• Manufacturing & Engineering
• Others

• Vietnam Cloud Storage Market, By Region:

• Northern
• Central
• Southern