Vietnam's IT market and industry are both developing rapidly and have one of the brightest outlooks for the APAC region over the medium term. Although the hardware segment is expected to be relatively subdued to PC use case cannibalisation by smartphones, domestic spending growth will be driven by robust economic development that creates software and services demand through a higher value composition of economic activity, and within sector modernisation initiatives.
Latest Updates And Industry Developments
Computer Hardware Sales: VND34.7trn in 2017 to VND39.6trn in 2021, a compound annual growth rate (CAGR) of 3.4%. The lower trajectory of PC ownership due to mobile-first device ecosystem development will result in segment underperformance, though vendors can still potentially benefit from demand growth at the high-end of the retail market as well as enterprise customers.