GITNUXREPORT 2026

Vietnam Tech Industry Statistics

Vietnam's tech sector is booming with strong growth, massive investment, and expanding global reach.

Alexander Schmidt

Research Analyst specializing in technology and digital transformation trends.

First published: Feb 13, 2026

Our Commitment to Accuracy

Rigorous fact-checking · Reputable sources · Regular updatesLearn more

Statistic 1

Vietnam's IT workforce totals 1.5 million professionals as of 2023.

Statistic 2

70,000 IT graduates enter the market annually in Vietnam.

Statistic 3

Average salary for software engineers in Vietnam is $25,000/year in 2023.

Statistic 4

85% of Vietnam's IT workforce is under 35 years old.

Statistic 5

English proficiency among Vietnamese IT workers averages 6.5/10 on EF scale.

Statistic 6

400,000 freelancers in Vietnam's tech sector earned $1 billion in 2023.

Statistic 7

STEM enrollment in Vietnamese universities up 20% to 500,000 students in 2023.

Statistic 8

IT talent shortage projected at 500,000 by 2025 in Vietnam.

Statistic 9

60% of Vietnam IT firms report difficulty hiring senior developers.

Statistic 10

Remote work adoption in Vietnam tech at 45% post-COVID.

Statistic 11

IT engineers with AI skills: 200,000 in 2023.

Statistic 12

Women in tech workforce: 30% in Vietnam.

Statistic 13

Upskilling programs trained 100,000 IT workers in 2023.

Statistic 14

Offshore development centers: 200 in Vietnam.

Statistic 15

Average tenure of IT employees: 3.5 years.

Statistic 16

Cloud certification holders: 50,000 in Vietnam.

Statistic 17

Tech bootcamps graduated 20,000 students in 2023.

Statistic 18

Attrition rate in IT: 15% annually.

Statistic 19

Bilingual (VN-English) IT pros: 60%.

Statistic 20

VC funding into Vietnam tech startups totaled $1.4 billion in 2022.

Statistic 21

In 2023, Vietnam attracted $25 billion in FDI, with 15% directed to tech sectors.

Statistic 22

Sequoia Capital India invested $250 million in Vietnam tech firms in 2023.

Statistic 23

Number of VC funds active in Vietnam reached 45 in 2023.

Statistic 24

Tech IPOs in Vietnam raised $500 million in 2022-2023 combined.

Statistic 25

Government allocated $1.2 billion for digital transformation fund in 2023.

Statistic 26

M&A deals in Vietnam tech sector valued at $2.1 billion in 2023.

Statistic 27

500 Angels invested $100 million across 20 Vietnam startups in 2023.

Statistic 28

Temasek Holdings committed $300 million to Vietnam tech in 2024.

Statistic 29

Early-stage funding in Vietnam tech dropped 30% to $800 million in 2023.

Statistic 30

Warburg Pincus invested $200 million in Vietnam tech in 2023.

Statistic 31

Golden Gate Ventures raised $300M fund for SEA including Vietnam.

Statistic 32

Exit value in Vietnam tech: $1 billion via acquisitions in 2023.

Statistic 33

Corporate VC investments: $400 million in 2023.

Statistic 34

Impact investing in tech: $150 million for green tech.

Statistic 35

Series A average deal size: $5 million in Vietnam 2023.

Statistic 36

Government venture fund: $500 million for startups by 2025.

Statistic 37

Total funding rounds: 250 in Vietnam tech 2023.

Statistic 38

FPT Software employs 27,000 engineers as of 2023.

Statistic 39

VNG Corporation's revenue reached $500 million in 2023.

Statistic 40

Viettel High Tech produces 10 million IoT devices annually.

Statistic 41

CMC Corporation's market cap hit $1.2 billion in 2023.

Statistic 42

Rikkeisoft has 2,000 engineers serving Japan market.

Statistic 43

Axon Active Vietnam delivers 1,000 projects yearly.

Statistic 44

Haravan powers 50,000 e-commerce stores in Vietnam.

Statistic 45

Tiki.vn processed 200 million orders in 2023.

Statistic 46

Vinsmart exported $2 billion in smartphones before pivot.

Statistic 47

NashTech Vietnam serves 500 global clients.

Statistic 48

VNG employs 3,000 in gaming division.

Statistic 49

Momo has 30 million users, processing $50B transactions.

Statistic 50

FPT Telecom fiber subscribers: 5 million.

Statistic 51

VNPT IT solutions revenue: $1 billion.

Statistic 52

Elsa Speak raised $20M, 50M downloads.

Statistic 53

Abivin optimizes logistics for 100 firms.

Statistic 54

Sendo e-commerce GMV $1B.

Statistic 55

Lac Viet Computing serves 10,000 enterprises.

Statistic 56

Vietnam's IT services export revenue reached $5.3 billion in 2022, marking a 17.3% year-on-year growth.

Statistic 57

The overall size of Vietnam's digital economy was estimated at $23 billion in 2023, representing 16.5% of GDP.

Statistic 58

Vietnam's tech industry is projected to grow at a CAGR of 16.2% from 2023 to 2028, reaching $14.5 billion by 2028.

Statistic 59

In 2023, Vietnam's software development market was valued at $2.8 billion.

Statistic 60

The number of tech startups in Vietnam reached 3,000 in 2023.

Statistic 61

Vietnam's e-commerce market size hit $21 billion in 2023, with tech enabling 95% of transactions.

Statistic 62

ICT sector contribution to Vietnam's GDP increased to 8.5% in 2022 from 7.2% in 2021.

Statistic 63

Vietnam's semiconductor market is expected to reach $18.5 billion by 2030.

Statistic 64

Mobile app downloads in Vietnam surged to 4.2 billion in 2023, up 25% YoY.

Statistic 65

Vietnam ranks 46th in the 2023 Global Innovation Index, up from 48th in 2022.

Statistic 66

Vietnam IT market size projected to $9.2 billion by 2025.

Statistic 67

Unicorn startups in Vietnam: 4 as of 2023 (VNG, Tiki, Momo, VNPay).

Statistic 68

AI market in Vietnam valued at $500 million in 2023.

Statistic 69

Cloud computing spend in Vietnam to hit $1 billion by 2025.

Statistic 70

Fintech users in Vietnam: 70 million in 2023.

Statistic 71

Blockchain startups: 100+ in Vietnam by 2023.

Statistic 72

Gaming industry revenue: $500 million in 2023.

Statistic 73

Vietnam ranks 5th in ASEAN for tech startup density.

Statistic 74

IT export growth: 16% in 2023 to $6 billion.

Statistic 75

Digital payments volume: $200 billion in 2023.

Statistic 76

Vietnam's IT industry revenue $7 billion in 2023.

Statistic 77

Proptech market size $300 million in 2023.

Statistic 78

Vietnam's National Digital Transformation Program approved in 2020 targets top 50 digital economy by 2030.

Statistic 79

5G rollout covers 90% urban areas by end-2023.

Statistic 80

National Innovation Center established in 2021 with $100 million budget.

Statistic 81

Tax incentives for tech firms: 10% corporate tax for 15 years.

Statistic 82

Fiber optic coverage reaches 80% of population in 2023.

Statistic 83

Hanoi Hi-Tech Park hosts 300 companies, generating $5B revenue.

Statistic 84

Cybersecurity law enforced since 2019, protecting 50 million users.

Statistic 85

$2 billion invested in national data center by 2025.

Statistic 86

Digital government services usage at 60% in 2023.

Statistic 87

Ho Chi Minh City Hi-Tech Park: 200 firms, $4B export.

Statistic 88

Data localization decree requires local storage for key data.

Statistic 89

120+ industrial parks with tech focus.

Statistic 90

National AI strategy to invest $500M by 2030.

Statistic 91

Internet speed average 100Mbps in urban Vietnam 2023.

Statistic 92

EVFTA boosts tech exports by 20%.

Statistic 93

Semiconductor strategy aims for 20% global market share by 2030.

Statistic 94

Smart city projects in 20 provinces.

1/94

Sources

Trusted by 500+ publications

+497

From its billion-dollar gaming industry to the 4.2 billion mobile apps downloaded last year, Vietnam is not just participating in the global tech race but is rapidly emerging as one of its most dynamic and compelling engines of growth.

Key Takeaways

Vietnam's IT services export revenue reached $5.3 billion in 2022, marking a 17.3% year-on-year growth.
The overall size of Vietnam's digital economy was estimated at $23 billion in 2023, representing 16.5% of GDP.
Vietnam's tech industry is projected to grow at a CAGR of 16.2% from 2023 to 2028, reaching $14.5 billion by 2028.
VC funding into Vietnam tech startups totaled $1.4 billion in 2022.
In 2023, Vietnam attracted $25 billion in FDI, with 15% directed to tech sectors.
Sequoia Capital India invested $250 million in Vietnam tech firms in 2023.
Vietnam's IT workforce totals 1.5 million professionals as of 2023.
70,000 IT graduates enter the market annually in Vietnam.
Average salary for software engineers in Vietnam is $25,000/year in 2023.
FPT Software employs 27,000 engineers as of 2023.
VNG Corporation's revenue reached $500 million in 2023.
Viettel High Tech produces 10 million IoT devices annually.
Vietnam's National Digital Transformation Program approved in 2020 targets top 50 digital economy by 2030.
5G rollout covers 90% urban areas by end-2023.
National Innovation Center established in 2021 with $100 million budget.

Vietnam's tech sector is booming with strong growth, massive investment, and expanding global reach.

Human Resources and Talent

Vietnam's IT workforce totals 1.5 million professionals as of 2023.
70,000 IT graduates enter the market annually in Vietnam.
Average salary for software engineers in Vietnam is $25,000/year in 2023.
85% of Vietnam's IT workforce is under 35 years old.
English proficiency among Vietnamese IT workers averages 6.5/10 on EF scale.
400,000 freelancers in Vietnam's tech sector earned $1 billion in 2023.
STEM enrollment in Vietnamese universities up 20% to 500,000 students in 2023.
IT talent shortage projected at 500,000 by 2025 in Vietnam.
60% of Vietnam IT firms report difficulty hiring senior developers.
Remote work adoption in Vietnam tech at 45% post-COVID.
IT engineers with AI skills: 200,000 in 2023.
Women in tech workforce: 30% in Vietnam.
Upskilling programs trained 100,000 IT workers in 2023.
Offshore development centers: 200 in Vietnam.
Average tenure of IT employees: 3.5 years.
Cloud certification holders: 50,000 in Vietnam.
Tech bootcamps graduated 20,000 students in 2023.
Attrition rate in IT: 15% annually.
Bilingual (VN-English) IT pros: 60%.

Human Resources and Talent Interpretation

Vietnam's tech industry is a high-energy, high-churn talent factory, graduating a small city of eager, young coders each year only to watch them chase better pay in a global market that can't get enough of them.

Investment and Funding

VC funding into Vietnam tech startups totaled $1.4 billion in 2022.
In 2023, Vietnam attracted $25 billion in FDI, with 15% directed to tech sectors.
Sequoia Capital India invested $250 million in Vietnam tech firms in 2023.
Number of VC funds active in Vietnam reached 45 in 2023.
Tech IPOs in Vietnam raised $500 million in 2022-2023 combined.
Government allocated $1.2 billion for digital transformation fund in 2023.
M&A deals in Vietnam tech sector valued at $2.1 billion in 2023.
500 Angels invested $100 million across 20 Vietnam startups in 2023.
Temasek Holdings committed $300 million to Vietnam tech in 2024.
Early-stage funding in Vietnam tech dropped 30% to $800 million in 2023.
Warburg Pincus invested $200 million in Vietnam tech in 2023.
Golden Gate Ventures raised $300M fund for SEA including Vietnam.
Exit value in Vietnam tech: $1 billion via acquisitions in 2023.
Corporate VC investments: $400 million in 2023.
Impact investing in tech: $150 million for green tech.
Series A average deal size: $5 million in Vietnam 2023.
Government venture fund: $500 million for startups by 2025.
Total funding rounds: 250 in Vietnam tech 2023.

Investment and Funding Interpretation

Vietnam’s tech scene is a thrilling yet prudent affair, where a cautious global market trimmed its early-stage wings by 30% to $800 million last year, yet major players like Sequoia, Temasek, and Warburg Pincus still placed billion-dollar bets on its $1.4 billion startup ecosystem, all while the government backed the ambition with a hefty $1.2 billion digital fund and the sector quietly banked a cool $1 billion in exits.

Major Players and Companies

FPT Software employs 27,000 engineers as of 2023.
VNG Corporation's revenue reached $500 million in 2023.
Viettel High Tech produces 10 million IoT devices annually.
CMC Corporation's market cap hit $1.2 billion in 2023.
Rikkeisoft has 2,000 engineers serving Japan market.
Axon Active Vietnam delivers 1,000 projects yearly.
Haravan powers 50,000 e-commerce stores in Vietnam.
Tiki.vn processed 200 million orders in 2023.
Vinsmart exported $2 billion in smartphones before pivot.
NashTech Vietnam serves 500 global clients.
VNG employs 3,000 in gaming division.
Momo has 30 million users, processing $50B transactions.
FPT Telecom fiber subscribers: 5 million.
VNPT IT solutions revenue: $1 billion.
Elsa Speak raised $20M, 50M downloads.
Abivin optimizes logistics for 100 firms.
Sendo e-commerce GMV $1B.
Lac Viet Computing serves 10,000 enterprises.

Major Players and Companies Interpretation

Vietnam’s tech industry isn't just humming along; it's a full-blown orchestra where companies like FPT and VNG are the conductors, Momo and Tiki are the virtuoso soloists, and even the supporting players like Abivin and Lac Viet are hitting their notes perfectly, all playing a symphony of staggering scale, serious revenue, and global ambition.

Market Growth and Size

Vietnam's IT services export revenue reached $5.3 billion in 2022, marking a 17.3% year-on-year growth.
The overall size of Vietnam's digital economy was estimated at $23 billion in 2023, representing 16.5% of GDP.
Vietnam's tech industry is projected to grow at a CAGR of 16.2% from 2023 to 2028, reaching $14.5 billion by 2028.
In 2023, Vietnam's software development market was valued at $2.8 billion.
The number of tech startups in Vietnam reached 3,000 in 2023.
Vietnam's e-commerce market size hit $21 billion in 2023, with tech enabling 95% of transactions.
ICT sector contribution to Vietnam's GDP increased to 8.5% in 2022 from 7.2% in 2021.
Vietnam's semiconductor market is expected to reach $18.5 billion by 2030.
Mobile app downloads in Vietnam surged to 4.2 billion in 2023, up 25% YoY.
Vietnam ranks 46th in the 2023 Global Innovation Index, up from 48th in 2022.
Vietnam IT market size projected to $9.2 billion by 2025.
Unicorn startups in Vietnam: 4 as of 2023 (VNG, Tiki, Momo, VNPay).
AI market in Vietnam valued at $500 million in 2023.
Cloud computing spend in Vietnam to hit $1 billion by 2025.
Fintech users in Vietnam: 70 million in 2023.
Blockchain startups: 100+ in Vietnam by 2023.
Gaming industry revenue: $500 million in 2023.
Vietnam ranks 5th in ASEAN for tech startup density.
IT export growth: 16% in 2023 to $6 billion.
Digital payments volume: $200 billion in 2023.
Vietnam's IT industry revenue $7 billion in 2023.
Proptech market size $300 million in 2023.

Market Growth and Size Interpretation

Vietnam's tech scene is quickly assembling itself into a regional powerhouse, from exporting billions in IT services and birthing thousands of startups to seeing practically everyone tap their phones for payments, proving innovation isn't just arriving—it's already unpacking and ordering takeout.

Policy and Infrastructure

Vietnam's National Digital Transformation Program approved in 2020 targets top 50 digital economy by 2030.
5G rollout covers 90% urban areas by end-2023.
National Innovation Center established in 2021 with $100 million budget.
Tax incentives for tech firms: 10% corporate tax for 15 years.
Fiber optic coverage reaches 80% of population in 2023.
Hanoi Hi-Tech Park hosts 300 companies, generating $5B revenue.
Cybersecurity law enforced since 2019, protecting 50 million users.
$2 billion invested in national data center by 2025.
Digital government services usage at 60% in 2023.
Ho Chi Minh City Hi-Tech Park: 200 firms, $4B export.
Data localization decree requires local storage for key data.
120+ industrial parks with tech focus.
National AI strategy to invest $500M by 2030.
Internet speed average 100Mbps in urban Vietnam 2023.
EVFTA boosts tech exports by 20%.
Semiconductor strategy aims for 20% global market share by 2030.
Smart city projects in 20 provinces.

Policy and Infrastructure Interpretation

Vietnam is aggressively constructing a high-tech fortress, with 5G and fiber optic towers as its spires, a data center moat, and a digital government drawbridge, all while enticing international tech knights with fiscal carrots and carefully guarding its digital kingdom with regulatory walls.

Sources & References

Logos provided by Logo.dev