Vietnam ICT Industry Overview
The Vietnamese ICT market is fragmented, with major players like Microsoft Corporation, Cisco Systems Inc., Viettel, Qualcomm Technologies Inc., and Google LLC (Alphabet Inc.). Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product and service offerings and gain sustainable competitive advantage.
- June 2024: Cisco Systems Inc., a market vendor, announced the launch of the company's Country Digital Acceleration (CDA) program in Vietnam. The CDA program in Vietnam is strategically aligned with the government's National Digital Transformation Program by 2025, with an orientation toward 2030, which aims to elevate the country's technological capabilities. It focuses on promoting economic growth, technological innovation, and cybersecurity resilience through improvements to the country's communication and information infrastructure, boosting the market presence of Cisco Systems Inc.
- April 2024: Viettel, the military-owned telecommunications service provider, inaugurated its new data center in Hanoi's Hoa Lac Hi-tech Park, the largest in Vietnam. It is the country's first high-capacity data center, three times larger than the average. It is designed to meet the development trends of AI, which requires high-performance chips and increased computing power. This can create market growth opportunities for Viettel.
Vietnam ICT Market Leaders
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Microsoft Corporation
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Cisco Systems Inc.
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Viettel
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Qualcomm Technologies, Inc.
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Google LLC (alphabet Inc.)
- *Disclaimer: Major Players sorted in no particular order
