Vietnam’s technology industry is reshaping trade, jobs, and digital services—from software and IT services to semiconductors, fintech, and e-commerce. In 2023, ICT contributed 14.3% to national GDP (up from 11.2% in 2020), while the digital economy reached USD 23 billion, 16.5% of GDP. This page tracks how policy targets, global investment, leading manufacturers, and a young IT workforce are shaping the next phase through 2030.
Key Takeaways
- Vietnam tech exports totaled USD 130 billion in 2023, 25% of total exports
- Government PDP8 plan projects tech GDP contribution to 30% by 2030
- US-Vietnam tech trade reached USD 20 billion in 2023
- Vietnam FDI in tech reached USD 8.5 billion in 2023, led by Samsung and Intel
- Tech startups in Vietnam secured USD 1.5 billion VC funding in 2023, 35% YoY growth
- Intel invested USD 1.5 billion in new Vietnam fabs in 2023 expansion
- Vietnam's software exports dominated with 70% market share in IT services 2023
- Semiconductor industry employed 200,000 workers, producing 10% of global chips packaging in 2023
- Fintech startups numbered 200 in Vietnam, processing 40% of digital payments in 2023
- Vietnam's ICT sector contributed 14.3% to the national GDP in 2023, up from 11.2% in 2020
- The digital economy in Vietnam grew to USD 23 billion in 2023, representing 16.5% of GDP with a projected CAGR of 20% through 2025
- Vietnam's software market revenue reached USD 2.8 billion in 2023, growing 15.4% year-over-year
- Vietnam's IT workforce numbered 1.3 million in 2023, with 150,000 new entrants annually
- 75% of Vietnamese IT professionals are under 35 years old in 2023
- Average salary for software engineers in Vietnam was USD 15,000 annually in 2023, up 12% YoY
Vietnam’s tech sector surged in 2023 with $130 billion exports, rising GDP impact, and strong investment.
Related reading
01 · Category
Exports, Policies & Future Projections25 stats
01
Vietnam tech exports totaled USD 130 billion in 2023, 25% of total exports
02
Government PDP8 plan projects tech GDP contribution to 30% by 2030
03
US-Vietnam tech trade reached USD 20 billion in 2023
04
EU invested EUR 1 billion in Vietnam digital partnerships 2023-2027
05
National Digital Transformation Program aims for 100% 5G coverage by 2030
06
Tech exports to Japan grew 30% to USD 15 billion in 2023
07
Semiconductor exports projected USD 50 billion by 2030 under strategy
08
IP week registered 5,000 tech patents in 2023, up 20%
09
ASEAN Digital Economy Framework boosted Vietnam intra-trade 15% 2023
10
Tax incentives for tech FDI extended to 2030, 10% corporate rate
11
Exports to South Korea hit USD 25 billion in electronics 2023
12
National AI Strategy targets top 50 global AI readiness by 2030
13
CPTPP utilization in tech goods exports 40% in 2023
14
50 tech industrial parks approved, 80% occupancy by 2025 projection
15
EVFTA increased EU tech imports from Vietnam 25% to EUR 10 billion 2023
16
Digital Silk Road initiatives with China USD 5 billion projects 2023-2030
17
Tech R&D spending to reach 2% GDP by 2030 per policy
18
Exports to India grew 50% to USD 3 billion in software 2023
19
Cybersecurity law enforced, 95% compliance in exports 2023
20
Data localization policy for cloud exports implemented 2023
21
Tech diplomacy secured 20 FTAs benefiting exports by 2030
22
Projected ICT market USD 50 billion by 2025, CAGR 16%
23
1 million tech jobs projected by 2030 under workforce plan
24
Green tech exports targeted USD 10 billion annually by 2030
25
Digital export platforms like Vietnam IT Gateway launched 2023
Interpretation
Exports, Policies & Future Projections Interpretation
Vietnam’s exports and policy momentum point to accelerating tech trade, with technology exports reaching USD 130 billion in 2023 and growing further supported by targets like 100% 5G coverage by 2030 and a projected 30% tech GDP contribution by then.
02 · Category
Investments & Funding27 stats
01
Vietnam FDI in tech reached USD 8.5 billion in 2023, led by Samsung and Intel
02
Tech startups in Vietnam secured USD 1.5 billion VC funding in 2023, 35% YoY growth
03
Intel invested USD 1.5 billion in new Vietnam fabs in 2023 expansion
04
Samsung Electronics allocated USD 3.2 billion for R&D centers in Vietnam in 2023
05
Foreign direct investment in software parks totaled USD 2 billion in 2023
06
VNG Corporation raised USD 200 million Series F in 2023 from Temasek
07
Google committed USD 1 billion to Vietnam digital infrastructure in 2023-2025
08
Amkor Technology invested USD 1.6 billion in semiconductor packaging plant in 2023
09
SoftBank Vision Fund led USD 150 million round for Tiki in 2023
10
Vietnam tech M&A deals reached USD 1.2 billion in 2023, up 20%
11
Foxconn expanded Vietnam investments to USD 1 billion for electronics in 2023
12
Microsoft invested USD 100 million in AI skilling and cloud in Vietnam 2023
13
BE Group (Be) raised USD 60 million Series D in 2023
14
Hana Bank provided USD 500 million credit line for tech SMEs in 2023
15
Qualcomm opened USD 20 million design center in HCMC in 2023
16
Vietnam sovereign tech fund launched with USD 300 million in 2023
17
Nvidia partnered with FPT for USD 50 million AI center investment in 2023
18
Tech IPOs on HOSE raised USD 400 million in 2023
19
ADB provided USD 200 million green tech loan to Vietnam in 2023
20
KKR invested USD 80 million in VNG Games in 2023
21
Pegatron added USD 500 million for Vietnam manufacturing in 2023
22
Sequoia Capital India led USD 100 million round for Axie Infinity studio 2023
23
Jollibee Group invested USD 50 million in tech logistics in Vietnam 2023
24
Total PE/VC deals in tech hit 150 in 2023, average USD 10 million
25
LG Electronics invested USD 1 billion in display fab in Hai Phong 2023
26
Vietnam tech angel investments totaled USD 50 million in 2023
27
FPT Software secured USD 300 million contract funding in 2023
Interpretation
Investments & Funding Interpretation
In 2023, Vietnam’s Investments and Funding landscape accelerated as tech FDI hit USD 8.5 billion and startups drew USD 1.5 billion in VC funding, with a 35% year on year surge driven by major players like Intel’s USD 1.5 billion fabs expansion and Samsung’s USD 3.2 billion R&D investment.
03 · Category
Key Sectors/subsectors25 stats
01
Vietnam's software exports dominated with 70% market share in IT services 2023
02
Semiconductor industry employed 200,000 workers, producing 10% of global chips packaging in 2023
03
Fintech startups numbered 200 in Vietnam, processing 40% of digital payments in 2023
04
E-commerce platforms like Shopee handled USD 15 billion GMV in Vietnam 2023
05
Gaming sector had 50 million players, with 300 studios operating in 2023
06
Cloud services market led by AWS and Azure, 45% adoption in enterprises 2023
07
Cybersecurity firms grew to 150, protecting 80% of banks in 2023
08
Edtech platforms reached 20 million users, USD 2.5 billion valuation 2023
09
Hardware manufacturing output USD 100 billion, 60% from electronics 2023
10
AI startups developed 500 solutions, applied in 30% manufacturing 2023
11
Blockchain firms issued 10 digital tokens, USD 100 million market cap 2023
12
Data centers operated by 20 providers, 400 MW capacity in 2023
13
IoT solutions deployed in 40% smart factories, 1 million devices 2023
14
Digital health apps served 15 million users, telemedicine visits 5 million 2023
15
Agritech drones covered 1 million hectares, yield boost 20% in 2023
16
Logtech optimized 50% supply chain, USD 500 million savings 2023
17
Adtech platforms managed USD 1.5 billion spend, programmatic 60% 2023
18
Proptech valuations hit USD 1 billion, 100 platforms active 2023
19
AR/VR content produced for 5 million users in education/training 2023
20
Big data analytics used by 50% large enterprises, 25% revenue growth 2023
21
Mobile app developers published 50,000 apps, 90% downloads local 2023
22
Robotic process automation adopted in 30% banks, cost save 40% 2023
23
5G-enabled apps launched 200, enterprise use 20% 2023
24
Quantum computing research hubs established 5 in universities 2023
25
Green tech solutions reduced emissions 15% in 100 factories 2023
Interpretation
Key Sectors/subsectors Interpretation
Vietnam’s key technology subsectors are being scaled by standout leaders, with software exports taking 70% of the IT services market in 2023 and digital platforms dominating alongside them through 40% of digital payments from 200 fintech startups and 15 billion USD in e-commerce GMV in 2023.
More related reading
04 · Category
Market Size & Growth30 stats
01
Vietnam's ICT sector contributed 14.3% to the national GDP in 2023, up from 11.2% in 2020
02
The digital economy in Vietnam grew to USD 23 billion in 2023, representing 16.5% of GDP with a projected CAGR of 20% through 2025
03
Vietnam's software market revenue reached USD 2.8 billion in 2023, growing 15.4% year-over-year
04
E-commerce sales in Vietnam hit USD 21 billion in 2023, a 25% increase from 2022, driven by tech platforms
05
Vietnam's semiconductor design market expanded to USD 500 million in 2023, with 12% annual growth
06
The IT outsourcing revenue in Vietnam was USD 5.2 billion in 2023, up 18% from previous year
07
Vietnam's cloud computing market size was USD 1.2 billion in 2023, expected to grow at 30% CAGR to 2028
08
Fintech market in Vietnam valued at USD 9 billion in 2023, with 7.5 million digital payment users
09
Vietnam's gaming industry generated USD 500 million in revenue in 2023, growing 22% YoY
10
AI adoption in Vietnamese enterprises reached 35% in 2023, boosting productivity by 12% on average
11
Vietnam's 5G connections surpassed 10 million subscribers in Q4 2023, covering 90% urban areas
12
Digital transformation investments in Vietnam totaled USD 4.5 billion in 2023
13
Vietnam tech startups raised USD 1.8 billion in 2023, a 40% increase from 2022
14
ICT exports from Vietnam reached USD 120 billion in 2023, growing 15%
15
Vietnam's cybersecurity market grew to USD 300 million in 2023, with 25% CAGR
16
Software development services accounted for 60% of Vietnam's IT revenue in 2023 at USD 3.1 billion
17
Vietnam's edtech market size was USD 3 billion in 2023, up 28% YoY
18
Proptech sector in Vietnam valued at USD 1.5 billion in 2023, driven by digital platforms
19
Vietnam's AR/VR market reached USD 150 million in 2023, growing 35%
20
Blockchain applications in Vietnam generated USD 200 million revenue in 2023
21
Vietnam's data center market capacity hit 500 MW in 2023, with 20% growth
22
IoT devices in Vietnam exceeded 50 million units in 2023, market value USD 2 billion
23
Vietnam's digital advertising spend was USD 1.8 billion in 2023, up 24%
24
Healthtech market in Vietnam reached USD 800 million in 2023, 30% growth
25
Vietnam's agritech sector valued at USD 1.2 billion in 2023
26
Logistics tech market grew to USD 900 million in 2023, 18% YoY
27
Vietnam's tech retail market hit USD 15 billion in 2023
28
Overall tech industry employment reached 1.5 million in 2023, contributing to 8% GDP growth
29
Vietnam's ICT growth rate was 16.2% in 2023, highest in ASEAN
30
Digital services exports grew 22% to USD 6 billion in 2023
Interpretation
Market Size & Growth Interpretation
Vietnam’s technology and digital economy is rapidly expanding, with the digital economy reaching USD 23 billion in 2023 and representing 16.5% of GDP while projected to grow at a 20% CAGR through 2025, signaling strong market size and growth momentum.
05 · Category
Workforce & Talent25 stats
01
Vietnam's IT workforce numbered 1.3 million in 2023, with 150,000 new entrants annually
02
75% of Vietnamese IT professionals are under 35 years old in 2023
03
Average salary for software engineers in Vietnam was USD 15,000 annually in 2023, up 12% YoY
04
Vietnam produced 57,000 IT graduates in 2023 from 200+ universities
05
English proficiency among IT workers reached 65% in 2023, enabling global outsourcing
06
Female participation in Vietnam's tech workforce was 35% in 2023
07
80,000 IT professionals upskilled in AI/ML via government programs in 2023
08
Vietnam ranks 7th globally in offshore software development talent pool size in 2023
09
Tech unemployment rate in Vietnam was under 2% in 2023
10
500,000 STEM students enrolled in Vietnamese universities in 2023
11
Average training cost per IT graduate in Vietnam is USD 5,000, 40% lower than regional peers
12
92% of IT firms report talent shortage in cybersecurity in 2023 survey
13
Vietnam trained 20,000 cloud specialists through AWS partnerships in 2023
14
IT engineer attrition rate dropped to 12% in 2023 due to retention programs
15
65% of tech workers in Ho Chi Minh City have international certifications in 2023
16
Vietnam's vocational IT training centers graduated 100,000 trainees in 2023
17
Demand for data scientists grew 50% YoY to 15,000 jobs in 2023
18
70% of IT graduates employed within 3 months in 2023
19
Remote work adoption in tech sector reached 45% in 2023
20
Upskilling budget for IT staff averaged USD 2,000 per employee in 2023
21
Vietnam hosted 50 international tech talent visas in 2023 pilot program
22
40% of tech workforce freelance for global clients in 2023
23
Hanoi tech hub employed 400,000 IT workers in 2023
24
Digital literacy rate among workforce hit 85% in 2023
25
25,000 IT apprenticeships created by tech firms in 2023
Interpretation
Workforce & Talent Interpretation
With Vietnam’s IT workforce reaching 1.3 million in 2023 and 75% of professionals under 35, the country is generating a young, talent-rich pipeline while English skills at 65% and 57,000 IT graduates in 2023 support global-ready outsourcing and continued workforce growth.
report visual · Key figures
Vietnam tech growth agenda: trade, digital economy, and roadmap targets
A snapshot of Vietnam’s tech momentum in 2023 alongside key targets for 2025–2030 across exports, digital transformation, connectivity, and industry readiness.
15%
ICT exports from Vietnam reached USD 120 billion in 2023, growing 15%
16.5%
The digital economy in Vietnam grew to USD 23 billion in 2023, representing 16.5% of GDP with a projected CAGR of 20% th
14.3%
Vietnam's ICT sector contributed 14.3% to the national GDP in 2023, up from 11.2% in 2020
4.5
Digital transformation investments in Vietnam totaled USD 4.5 billion in 2023
100%
National Digital Transformation Program aims for 100% 5G coverage by 2030
30%
Government PDP8 plan projects tech GDP contribution to 30% by 2030
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
David Sutherland. (2026, February 13). Vietnam Technology Industry Statistics. Gitnux. https://gitnux.org/vietnam-technology-industry-statistics
MLA
David Sutherland. "Vietnam Technology Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/vietnam-technology-industry-statistics.
Chicago
David Sutherland. 2026. "Vietnam Technology Industry Statistics." Gitnux. https://gitnux.org/vietnam-technology-industry-statistics.
Sources & references
100 datasets cited across this report · attribution is report-level
aws.amazon.comhcmcity.gov.vndol.gov.vn