Vietnam Cyber Security Industry Overview
The Vietnam cybersecurity market is moderately fragmented and competitive, with few international and regional players. Innovation can bring about a sustainable, competitive advantage to these firms. New fields, such as Big Data and IoT, are reshaping security trends, and the firm concentration ratio is expected to record higher growth during the forecast period.
- January 2022 - Vietnam aims to grant 5G wireless service licenses this year, with coverage beginning in Hanoi, Ho Chi Minh City, and many other cities. Military-owned Viettel, Vinaphone, and MobiFone, the country's leading three operators, will approach the market following trails in 16 provinces and cities.
- February 2022 - SeABank AI has accelerated the digitization of banking operations. Seeing digitization as a critical pillar in advancing banking, Southeast Asia Commercial Joint Stock Bank (SeABank - Vietnam) is constantly upgrading its infrastructure to include the most recent Artificial Intelligence (AI) systems, which are used to improve the customer experience while optimizing the Bank's operations.
Vietnam Cyber Security Market Leaders
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IBM Vietnam Co., Ltd
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HPT Vietnam Corporation
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Cisco Systems, Inc
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CMC Corporation
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Amazon Web Services, Inc
- *Disclaimer: Major Players sorted in no particular order
