{"id":163,"date":"2024-09-19T14:40:14","date_gmt":"2024-09-19T07:40:14","guid":{"rendered":"https:\/\/smilesoftware.org\/?page_id=163"},"modified":"2026-08-26T12:08:07","modified_gmt":"2026-08-26T03:08:07","slug":"vietnam-it-development","status":"publish","type":"page","link":"https:\/\/smilesoftware.org\/en\/vietnam-it-development\/","title":{"rendered":"The Growth of Vietnam\u2019s IT Industry"},"content":{"rendered":"
\n

The Growth of Vietnam\u2019s IT Industry<\/h2>\n\n\n\n

1. Shift Toward Higher Value-Added Value Chains<\/h3>\n<\/div><\/div>\n\n\n\n

In recent years, Vietnam\u2019s IT industry has continued to grow steadily. From a market primarily focused on cost-competitive offshore development (IT outsourcing), Vietnam is evolving into a diverse digital ecosystem in Southeast Asia, bringing together a wide range of technologies, talent, and services. This transformation is being driven by growing domestic demand for digital transformation (DX), along with increasing investment and software development partnerships from global IT companies.<\/p>\n\n\n\n

Today, digital technology companies in Vietnam are increasingly supporting the entire system development lifecycle, from requirements definition, business analysis, system architecture design, development, and testing to cloud infrastructure, operations, security, and maintenance, rather than simply carrying out development based on predefined requirements. This enables Vietnam\u2019s IT industry to expand its service capabilities in international markets and strengthen its competitiveness.<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n
<\/div>\n\n\n\n

2. Vietnam\u2019s IT Industry Growth in Data (2024 Statistics)<\/h3>\n\n\n\n

The growth of Vietnam\u2019s IT market is also reflected in statistics and assessments published by the Ministry of Information and Communications of Vietnam (MIC) and international evaluation organizations. Key indicators are as follows:<\/p>\n\n\n\n

Indicator<\/strong><\/td>Statistical Data<\/strong><\/td>Strategic Implications<\/strong><\/td><\/tr>
Number of ICT Industry Employees<\/td>Approximately 1.26 million people<\/td>Size of the IT Industry Talent Base<\/td><\/tr>
Number of Digital Technology Companies<\/td>73,788 companies<\/td>A Digital Ecosystem Formed by Diverse Companies<\/td><\/tr>
Total Industry Revenue<\/td>Approximately USD 158 billion<\/td>Scale and Growth Foundation of the Digital Economy<\/td><\/tr>
Contribution to GDP<\/td>14.4%<\/td>Importance of the IT and Digital Technology Industry to the National Economy<\/td><\/tr>
Number of Companies with Overseas Sales<\/td>1,900 companies<\/td>Track Record in International Markets<\/td><\/tr>
Revenue from Overseas Markets<\/td>Approximately USD 11.5 billion<\/td>Track Record in Providing Software and IT Services to Global Markets<\/td><\/tr>
IT Outsourcing Attractiveness<\/td>7th in the world<\/td>Kearney\u2019s Assessment in the 2023 GSLI<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

3. FDI-Driven Growth and the Development of Domestic IT Companies<\/h3>\n\n\n\n

In addition to its abundant talent pool, foreign direct investment (FDI) is another key driver of Vietnam\u2019s IT industry growth. Global companies such as Samsung and Microsoft have established operations in Vietnam, contributing to the development of expertise in R&D, technology, and business operations. These investments have also helped promote the adoption of international operational standards and strengthen the project management capabilities of local engineers.<\/p>\n\n\n\n

At the same time, domestic IT companies are expanding their business areas. Companies such as Viettel and FPT have expanded into international markets, including Japan, the United States, and Europe, creating more opportunities for Vietnamese companies to serve the global market.<\/p>\n\n\n\n

<\/div>\n\n\n\n

4. A Diversifying Digital Business Ecosystem<\/h3>\n\n\n\n

As IT infrastructure continues to develop, various digital businesses are growing in Vietnam. Services and technologies across different sectors complement each other, contributing to the development of an increasingly integrated digital value chain.<\/p>\n\n\n\n

\n