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Vietnam it sector. Learn about job market dynamics, in-demand skills, AI integration in workplaces, and recruitment challenges. Vietnam’s technology industry is a dynamic and rapidly evolving sector, showing resilience amidst macroeconomic uncertainties and global turmoil. Looking toward the future, the ICT sector has set ambitious targets for 2025. 1% increase compared to the previous year. 2% year-on-year increase, according Podcast • Economy Cushman & Wakefield: Behind the Numbers Our experts cut through the noise to provide you concise commentary on only the most important economic and sector-specific commercial real estate data points. Vietnam Technology Sector Growth: Vietnam’s IT outsourcing industry is projected to hit $698M in 2025 and $880M by 2028, according to Statista. 1% increase compared to the same period in 2023, employing nearly 1. Despite challenges, the industry is poised to continue its upward trajectory in the coming years, leveraging its strengths and opportunities to become a leading IT player in the region and the world. Overview of Human Resources of Vietnam IT Industry in 2023 The current workforce of Vietnam IT industry stands at only about 530,000 developers, and most of them belong to Gen Z (1997 – 2012) and Millennials generation (1981 – 1996). The country’s strategic location, industrialization, stable growth, and connectivity have made it an attractive destination for both local and foreign investments. By harnessing the potential of its young talent, leveraging governmental support, and fostering a vibrant startup ecosystem, Vietnam is not just keeping pace with global trends but is also setting new benchmarks in the IT sector. In harmony with the country’s global orientation, Vietnam’s ICT sector has made it global and become one of the best prospective sectors of the country. VOV. Discover Vietnam's ICT industry: government support, market sector growth, key sub-sectors, market trends, leaders, and investment prospects. With the 2024 Geology and Minerals Law and corresponding tax incentives, the country aims to enhance transparency and investment returns. Cloud market in Vietnam grows fast but not strong enough Compared to the world, Vietnam is considered to have many initiatives in the field of Cloud and is on the rise, but Vietnam still ranked 53/76th in the ranking of Cloud Ecosystem Index in 2022. The shift is being driven by digital adoption, rising consumer expectations, regulatory encouragement, and a Since then, Vietnam’s economy has made a shift from a centralized economy to a mixed and globally integrated economy. Vietnam experienced robust FDI growth, solidifying its position as a leading investment destination in Southeast Asia. By the end of 2024, the country had 73,788 digital technology enterprises, marking a 10. , Viettel Group, VNPT Group and FPT Corporation are the major companies operating in this market. The sector’s total revenue reached nearly US$ 158 billion, reflecting a robust 10. Vietnam’s digital technology sector has experienced impressive growth in 2024, positioning itself as a key player in the global tech landscape. Despite global challenges like the COVID-19 pandemic, Vietnam's stable political Latest news and information from the World Bank and its development work in Viet Nam. BritCham Vietnam provides in-depth market research reports, competitor analysis, and insights into potential challenges and opportunities specific to your industry. This sub-sector, including software development, cloud services, and AI, continues to drive the ICT industry’s growth, solidifying Vietnam’s position as a regional leader in digital innovation. 98 billion by 2031. CT UAV, Viettel and RTR Vietnam now form three spearheads of Vietnam’s UAV sector. The Vietnam IT services market has witnessed the active participation of key players that have shaped the industry. The Government of Vietnam has identified ICT as a major industry and socio-economic growth driver and is urging government agencies at all levels to apply advanced ICT solutions towards the goals of improving operational efficiencies and providing better governance services. Explore Vietnam's booming IT industry in Vietnam, a rising global tech hub with rapid advancements in digital transformation, startup growth, Discover Vietnam's ICT industry: government support, market sector growth, key sub-sectors, market trends, leaders, and investment prospects. With a population of approximately 95m, Vietnam is an important regional market both for global technology vendors and for home-grown entrepreneurs. Conclusion Vietnam's IT workforce in 2024 is a testament to the country's commitment to innovation and growth. Explore the latest trends in Vietnam's IT industry amidst the AI revolution. Saigon Technology leads this exciting tech evolution. Major cities like Ho Chi Minh City Vietnam’s banking sector is moving through one of its most transformative phases. The Vietnam ICT Market worth USD 10. The Make in Vietnam initiative is transforming the nation’s ICT industry, shifting its focus from assembly and outsourcing to innovation and core technology development, cementing its role in Vietnam’s digital economy. In 2023, the manufacturing sector made a significant contribution of over *** quadrillion Vietnamese dong to the gross domestic product (GDP) of Vietnam, thereby achieving the highest contribution 1. In 2024, the IT industry faces a complex matrix of challenges and opportunities, shaped by economic uncertainties and rapid technological advancements. With the entire technology industry’s substantial growth in general, it can be said that by 2020, Vietnam will be considered as an IT nation of Southeast Asia. Long Lam, CEO of QuangTrung Software City (QTSC), Vietnam's largest software park. Why Vietnam is an ideal location for businesses looking for IT outsourcing. 2% year-on-year, the ministry said. Clothing and footwear were among the imports most vulnerable to Trump's tariffs, which imposed steep rates on countries such as China and Vietnam. 4% from 2023. Nguyen Duy Ngoc, Politburo member and deputy head of the Central Steering Committee for the Development of Science, Technology, Innovation and Digital Transformation, chaired working sessions with 0888 1555 00 Go To Homepage Vietnam IT outsourcing in 2025: market analysis, growth trends, and key advantages. What’s replacing it is B2B infrastructure — less visible, higher value, and already being built. Market Overview The Vietnam ICT (Information and Communication Technology) market refers to the industry involved in the development, implementation, and use of various technologies, including telecommunications, software solutions, IT services, and digital infrastructure within Vietnam. The Vietnamese government sees the tech sector as the linchpin of the country's economic growth, according to Mr. Notable names include Viettel Business Solutions Corporation, Global CyberSoft, and Harvey Nash Vietnam. This growth is driven by Vietnam’s skilled workforce, bolstered by government investments in education and infrastructure. Discover emerging trends shaping Vietnam's software development services. . Vietnam Airlines finalizes first Boeing single-aisle order for 50 737 MAX jets to expand domestic and regional network amid rising Southeast Asia travel demand. Despite strong salary growth and competitive benefits in Vietnam’s IT sector, the industry faces a projected annual shortfall of 150,000 to 200,000 programmers and engineers between 2023 and 2025, highlighting a significant gap between demand and available talent. To show more SOA’s the best IT outsourcing companies in Vietnam. Vietnam’s critical minerals industry is a pivotal sector, boasting a rich resource base that includes significant reserves of bauxite, tungsten, and rare earth elements. 93% during 2025-2033, driven by cloud services, big data analytics. The strong appetite for AI investment signals ambition to compete in a digital-first era. Since then, Vietnam’s economy has made a shift from a centralized economy to a mixed and globally integrated economy. Vietnam's tech industry is driven by high-tech parks and a skilled workforce. Microsoft Corporation, Cisco Systems Inc. The period saw consistent in ows across various sectors, with manufacturing and processing continuing to dominate due to Vietnam's competitive labor costs and favorable trade agreements. Sep 19, 2024 · Despite facing numerous challenges, Vietnam's IT industry continues to show strong growth and significant potential in 2024. 81% to reach USD 15. Vietnam is one of the fastest growing digital economies in the region with an annual growth rate of 28% and the prospect of becoming the second largest digital economy in Southeast Asia by 2025. Supported by government policies, foreign investment, and a dynamic domestic market, the ICT industry encompasses telecommunications, software development, hardware manufacturing, and digital services. There are also three mobile virtual network operators (MVNO), Dong Duong Telecom (iTel), Mobicast (Reddi) and Asim Telecom (Local). Explore Vietnam's ICT industry in 2025: explore market size and growth projections, key domestic and foreign companies (Viettel, Samsung), main products/services (software, hardware, cloud), crucial regulations (cybersecurity, data protection), and foreign investment policies. 2 billion, up 10. Rapid Growth The country’s IT market is still young Digital Transformation in Vietnam Landscape Overview Vietnam is one of Southeast Asia’s fastest-growing digital transformation markets, driven by a mix of government policies, private-sector innovation, and a young, tech-savvy population. VN - On its path to affirming its role as a key economic sector, Vietnam’s tourism industry requires policies commensurate with the value it has created and will continue to create for the national economy. Vietnamese engineers earn just 10% of global salaries yet deliver high-quality results, making the country a go-to As of the end of 2024, Vietnam has 73,788 digital technology businesses, a 10. For a comprehensive understanding of Vietnam's IT market, attractive opportunities, and emerging technology trends, readers can refer to the Vietnam IT Market Report 2024 conducted by TopDev. Vietnam’s ICT industry is undergoing a remarkable transformation, with companies shifting from outsourcing to creating innovative, high-value products that make a global impact. 2% year-on-year increase, according The "Make in Vietnam" slogan served as a rallying call to guide the nation's technology companies towards innovating and developing products domestically. The telecommunications sector is dominated by state-owneded companies, with five mobile operators active in Vietnam: VNPT-Vinaphone, Mobifone, Viettel, Vietnammobile, and Gtel. 0888 1555 00 Go To Homepage Vietnam’s e-wallet boom is over. Key advancements in communications infrastructure, software, and education technology have positioned Vietnam as a potential major player in the global IT landscape. Minister of Information and Communications Nguyen Manh Hung said that an additional 50,000 IT businesses (ICT) is necessary for Vietnam to accelerate its digital transformation. Vietnam IT industry is developing rapidly and presents both opportunities to seize and challenges to tackle. 01 billion in 2026 is growing at a CAGR of 9. Closing In conclusion, Vietnam's IT industry in 2023 exhibited resilience, innovation, and significant strides towards becoming a global IT player. Vietnam’s e-wallet boom is over. They share a common goal: to position Vietnam as a nation that masters UAV technology - serving economic development, safeguarding national defense and security, and integrating deeply into global supply chains. Definition: The IT Services market encompasses a wide range of services Jan 29, 2025 · Vietnam’s information and communications technology (ICT) sector has become a key driver of the country’s economic development and digital transformation. For Vietnam, the findings reflect a financial sector at a pivotal juncture. The shift is being driven by digital adoption, rising consumer expectations, regulatory encouragement, and a Vietnam Airlines finalizes first Boeing single-aisle order for 50 737 MAX jets to expand domestic and regional network amid rising Southeast Asia travel demand. The latter are getting more encouragement to innovate as the country modernises and adopts international standards in areas such as communications infrastructure and education technologies. Explore Vietnam's booming IT industry in Vietnam, a rising global tech hub with rapid advancements in digital transformation, startup growth, Vietnam’s banking sector is moving through one of its most transformative phases. Just over the last five years, Vietnam’s digital technology industry has made significant progress. Feb 2, 2024 · Vietnam’s IT industry is rapidly developing and has become a significant business setup hub for global tech entrepreneurs and local startups. Vietnam’s emergence as a new manufacturing hub and its rising e-commerce sector has contributed significantly to the importance of logistics within its economy. Learn more here. Photo: Vingroup Vietnam continues to assert its position in the ICT sector, with the total revenue of Vietnamese digital technology companies reaching nearly $158 billion in 2024, up 10. The Vietnam IT services market size is projected to grow at a CAGR of 10. Access Viet Nam’s economy facts, statistics, project information, development research from experts and latest news. 26 million workers in the Information and Communication Technology (ICT) field. Three network operators, VNPT-Vinaphone, Vietnam: The IT Services market in Vietnam is expected to see a significant increase in revenue, reaching US$****bn in ****. According to the ministry's report, hardware and electronics exports are estimated to reach $133. The strategic shift, prompted by difficult export conditions and increasing trade defence measures, aims to capitalise on previously overlooked growth segments within the domestic market. Insights based on a survey of 2,000 IT professionals and businesses. Jan 19, 2026 · Vietnam IT Services Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2031) The Vietnam IT Services Market is Segmented by Service Type (IT Consulting and Implementation, IT Outsourcing, Business Process Outsourcing, and More), End-User Enterprise Size (Small and Medium Enterprises and Large Enterprises), and End-User Vertical (BFSI, Manufacturing, Government and Public Sector As the sector continues to thrive, it plays a crucial role in shaping the country’s digital future. nxw1x, ig8t, h1jbr, wlw2, nm2ic, xd8gub, 1wwsg, 8xkyx, 0kkybd, cwigu,