Vietnam Artificial Intelligence (AI) Market, By Component (Hardware, Software, Services); By Technology (Machine Learning (ML), Natural Language Processing (NLP), Others); By Industry (IT & Telecom, Healthcare, Retail & E-Commerce, Logistics & Transportat
Description
Vietnam Artificial Intelligence (AI) Market Size to Surpass USD 3.8 Billion by 2031
Vietnam Artificial Intelligence (AI) Market is booming primarily due to government support, strategic digitalization, young skilled workforce, booming startup ecosystem, and increasing investments in R&D and demand for manufacturing automation.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Artificial Intelligence (AI) Market size by value at USD 664.26 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Vietnam Artificial Intelligence (AI) Market size to boom at a robust CAGR of 28.31%, reaching a value of USD 3,803.29 million. The growth of Vietnam AI Market is propelled by strong government backing, including national AI strategies, digital transformation initiatives, tax breaks, and regulatory “sandboxes” to foster innovation. A young, tech-savvy, and cost-competitive workforce, with thousands of IT graduates annually, boosts R&D and implementation. Rapid digitalization across sectors like finance, healthcare, manufacturing, retail, and smart cities is driving demand for AI-driven automation, analytics, and efficiency. Finally, significant foreign investment and partnerships—from Nvidia, Qualcomm, Google, Meta, and FPT—are bringing capital, infrastructure, and technology transfer into Vietnam’s burgeoning AI ecosystem.
Opportunity – Growing Adoption of AI technologies in Healthcare and Finance
Vietnam AI Market’s rapid growth is fueled by digital transformation across the healthcare and financial sectors. In healthcare, AI-powered diagnostics and telemedicine are being adopted nationwide—startups like VinBrain have enabled AI-assisted imaging in over 180 hospitals, significantly accelerating diagnostic workflows. Meanwhile, in finance, increasing fintech adoption is driving the use of AI for fraud detection, risk management, customer service automation, and personalized banking. Strong governmental support, including the National AI strategy and partnerships with global tech leaders such as Nvidia and Google, is strengthening infrastructure, talent development, and access to cloud services, collectively propelling AI-driven growth in Vietnam's healthcare and finance markets.
Machine Learning (ML) Segment Dominates Vietnam AI Market
The machine learning (ML) segment is the largest segment in Vietnam Artificial Intelligence (AI) by technology. The Natural Language Processing (NLP) segment is the second largest technology in the market. Other AI technologies, including computer vision, robotics, and cognitive computing, also hold a significant market share in Vietnam Artificial Intelligence (AI) Market.
Impact of Escalating Geopolitical Tensions on Vietnam Artificial Intelligence (AI) Market
Escalating United States–China trade and tariff tensions are reshaping Vietnam AI Market by prompting rapid supply‑chain diversification. The US tariffs and “friend‑shoring” policies are encouraging major tech players to relocate AI-related manufacturing and R&D—such as Qualcomm’s AI center and Nvidia’s investments—to Vietnam. This boosts domestic AI infrastructure while straining local capabilities—challenges include workforce upskilling, stable power, and data‑law compliance. However, dependence on Chinese components and digital sovereignty risks persist, exposing Vietnam to geopolitical pressure. Overall, the AI Market in Vietnam is gaining momentum, but geopolitical friction adds complexity and costs.
Competitive Landscape
Vietnam Artificial Intelligence (AI) Market is highly fragmented, with numerous players serving the market. Major companies dominating the market are FPT Corporation, Viettel Group, VNPT (Vietnam Posts and Telecommunications Group), Vingroup, Techcombank, CMC Corporation, TMA Solutions, VNG Corporation, KMS Technology, AI Academy Vietnam, and VinAI Research. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Vietnam Artificial Intelligence (AI) Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Vietnam Artificial Intelligence (AI) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Artificial Intelligence (AI) Market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Vietnam Artificial Intelligence (AI) Market is booming primarily due to government support, strategic digitalization, young skilled workforce, booming startup ecosystem, and increasing investments in R&D and demand for manufacturing automation.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Artificial Intelligence (AI) Market size by value at USD 664.26 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Vietnam Artificial Intelligence (AI) Market size to boom at a robust CAGR of 28.31%, reaching a value of USD 3,803.29 million. The growth of Vietnam AI Market is propelled by strong government backing, including national AI strategies, digital transformation initiatives, tax breaks, and regulatory “sandboxes” to foster innovation. A young, tech-savvy, and cost-competitive workforce, with thousands of IT graduates annually, boosts R&D and implementation. Rapid digitalization across sectors like finance, healthcare, manufacturing, retail, and smart cities is driving demand for AI-driven automation, analytics, and efficiency. Finally, significant foreign investment and partnerships—from Nvidia, Qualcomm, Google, Meta, and FPT—are bringing capital, infrastructure, and technology transfer into Vietnam’s burgeoning AI ecosystem.
Opportunity – Growing Adoption of AI technologies in Healthcare and Finance
Vietnam AI Market’s rapid growth is fueled by digital transformation across the healthcare and financial sectors. In healthcare, AI-powered diagnostics and telemedicine are being adopted nationwide—startups like VinBrain have enabled AI-assisted imaging in over 180 hospitals, significantly accelerating diagnostic workflows. Meanwhile, in finance, increasing fintech adoption is driving the use of AI for fraud detection, risk management, customer service automation, and personalized banking. Strong governmental support, including the National AI strategy and partnerships with global tech leaders such as Nvidia and Google, is strengthening infrastructure, talent development, and access to cloud services, collectively propelling AI-driven growth in Vietnam's healthcare and finance markets.
Machine Learning (ML) Segment Dominates Vietnam AI Market
The machine learning (ML) segment is the largest segment in Vietnam Artificial Intelligence (AI) by technology. The Natural Language Processing (NLP) segment is the second largest technology in the market. Other AI technologies, including computer vision, robotics, and cognitive computing, also hold a significant market share in Vietnam Artificial Intelligence (AI) Market.
Impact of Escalating Geopolitical Tensions on Vietnam Artificial Intelligence (AI) Market
Escalating United States–China trade and tariff tensions are reshaping Vietnam AI Market by prompting rapid supply‑chain diversification. The US tariffs and “friend‑shoring” policies are encouraging major tech players to relocate AI-related manufacturing and R&D—such as Qualcomm’s AI center and Nvidia’s investments—to Vietnam. This boosts domestic AI infrastructure while straining local capabilities—challenges include workforce upskilling, stable power, and data‑law compliance. However, dependence on Chinese components and digital sovereignty risks persist, exposing Vietnam to geopolitical pressure. Overall, the AI Market in Vietnam is gaining momentum, but geopolitical friction adds complexity and costs.
Competitive Landscape
Vietnam Artificial Intelligence (AI) Market is highly fragmented, with numerous players serving the market. Major companies dominating the market are FPT Corporation, Viettel Group, VNPT (Vietnam Posts and Telecommunications Group), Vingroup, Techcombank, CMC Corporation, TMA Solutions, VNG Corporation, KMS Technology, AI Academy Vietnam, and VinAI Research. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Vietnam Artificial Intelligence (AI) Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Vietnam Artificial Intelligence (AI) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Artificial Intelligence (AI) Market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
121 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentations
- 2. Executive Summary
- 3. Vietnam Artificial Intelligence (AI) Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Government Initiatives and Support
- 3.2.1.2. Increasing Demand for Automation and Efficiency
- 3.2.1.3. Rapid Digital Transformation Across Industries
- 3.2.2. Restraints
- 3.2.2.1. Limited Skilled Workforce
- 3.2.2.2. High Implementation Costs
- 3.2.2.3. Regulatory and Ethical Concerns
- 3.2.3. Opportunities
- 3.2.3.1. Expansion of AI in Healthcare and Finance
- 3.2.3.2. Growing AI Startup Ecosystem
- 3.2.4. Challenges
- 3.2.4.1. Data Privacy and Security Issues
- 3.2.4.2. Integration Complexity Across Sectors
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Vietnam Artificial Intelligence (AI) Market Strategies
- 5. Vietnam Artificial Intelligence (AI) Market: Pricing Analysis
- 6. Vietnam Artificial Intelligence (AI) Market Overview
- 6.1. Market Size & Forecast, 2019–2031
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.1.1. Hardware
- 6.2.1.2. Software
- 6.2.1.3. Services
- 6.2.2. By Technology
- 6.2.2.1. Machine Learning (ML)
- 6.2.2.2. Natural Language Processing (NLP)
- 6.2.2.3. Others
- 6.2.3. By Industry
- 6.2.3.1. IT & Telecom
- 6.2.3.2. Healthcare
- 6.2.3.3. Retail & E-Commerce
- 6.2.3.4. Logistics & Transportation
- 6.2.3.5. Manufacturing
- 6.2.3.6. Consumer Electronics
- 6.2.3.7. BFSI
- 6.2.3.8. Others
- 7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. Vietnam Artificial Intelligence (AI) Market Share Analysis, 2024
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- 8. Impact of Escalating Geopolitical Tensions on Vietnam Artificial Intelligence (AI) Market
- 9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 9.1. FPT Corporation
- 9.2. Viettel Group
- 9.3. VNPT (Vietnam Posts and Telecommunications Group)
- 9.4. Vingroup
- 9.5. Techcombank
- 9.6. CMC Corporation
- 9.7. TMA Solutions
- 9.8. VNG Corporation
- 9.9. KMS Technology
- 9.10. AI Academy Vietnam
- 9.11. VinAI Research
- 9.12. Other Prominent Players
- 10. Key Strategic Recommendations
- 11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Region
- 11.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Vietnam Artificial Intelligence (AI) Market Segmentation
- Figure 2 Vietnam Artificial Intelligence (AI) Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 Vietnam Artificial Intelligence (AI) Market Size, By Value (USD Million), 2019–2031
- Figure 5 Vietnam Artificial Intelligence (AI) Market Share, By Component, By Value, 2019–2031
- Figure 6 Vietnam Artificial Intelligence (AI) Market Share, By Technology, By Value, 2019–2031
- Figure 7 Vietnam Artificial Intelligence (AI) Market Share, By Industry, By Value, 2019–2031
- List of Tables
- Table 1 Vietnam Artificial Intelligence (AI) Market Size, By Value (USD Million), 2019–2031
- Table 2 Vietnam Artificial Intelligence (AI) Market Size, By Component, By Value, 2019–2031
- Table 3 Vietnam Artificial Intelligence (AI) Market Size, By Technology, By Value, 2019–2031
- Table 4 Vietnam Artificial Intelligence (AI) Market Size, By Industry, By Value, 2019–2031
- Table 5 AgriAI Tech Company Overview
- Table 6 AgriAI Tech Financial Overview
- Table 7 Viettel Group Company Overview
- Table 8 Viettel Group Financial Overview
- Table 9 VNPT (Vietnam Posts and Telecommunications Group) Company Overview
- Table 10 VNPT Financial Overview
- Table 11 Vingroup Company Overview
- Table 12 Vingroup Financial Overview
- Table 13 Techcombank Company Overview
- Table 14 Techcombank Financial Overview
- Table 15 CMC Corporation Company Overview
- Table 16 CMC Corporation Financial Overview
- Table 17 TMA Solutions Company Overview
- Table 18 TMA Solutions Financial Overview
- Table 19 VNG Corporation Company Overview
- Table 20 VNG Corporation Financial Overview
- Table 21 KMS Technology Company Overview
- Table 22 KMS Technology Financial Overview
- Table 23 AI Academy Vietnam Company Overview
- Table 24 AI Academy Vietnam Financial Overview
- Table 25 VinAI Research Company Overview
- Table 26 VinAI Research Financial Overview
Pricing
Currency Rates
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