Vietnam’s cloud computing market worth US$133 million

Vietnam is now home to about 27 cloud computing data centres invested by 11 domestic firms with more than 270,000 servers. However, domestic enterprises only account for about 20% of the market share while foreign partners seize the remainder.

Speaking at the event, Deputy Director of the Ministry of Information and Communications (MIC)’s Authority of Information Security Nguyen Khac Lich noted that cloud computing is a new-generation telecom platform in the next 5-10 years.

MIC considers cloud computing platform a digital infrastructure for the development of digital government, economy and society.

The market is forecast to be worth US$500 million by 2025, he said, adding that this year, the COVID-19 pandemic has pushed its growth by 40%.

Lich added that Vietnam is one of a few countries that issued a set of criteria and technical standards to choose cloud computing platforms in service of digital government and administrations.

Vice Director of Viettel IDC Le Hoai Nam said Vietnam only provides cloud computing infrastructure services while software services on cloud computing platforms have yet to be tapped though they bring huge revenues.

Participants suggested MIC and leaders of departments assist Vietnamese firms in building policies and mechanisms conducive to information technology enterprises in the field of cloud computing, helping them switch to digital transformation more quickly and conveniently.