Vietnam Smart Cities & IoT Infra Market valued at USD 7.1 Bn, driven by urbanization, government initiatives, and IoT investments, with growth in key cities like Hanoi and Ho Chi Minh City.

Vietnam Smart City ICT Infrastructure Market is expected to experience significant growth, with a CAGR of 15-18% from 2025 to 2030.

Vietnam Smart City IoT Solutions Market valued at USD 1.8 Bn, driven by urbanization, government initiatives, and IoT investments, with growth in smart infrastructure and urban efficiency.

Vietnam LED Lighting for Smart Cities Market valued at USD 1.2 Bn, driven by urbanization, energy efficiency, and government initiatives for sustainable infrastructure.

Discover Vietnam’s smart LED street lighting growth, with projects driving energy efficiency, urban deployment, and sustainability goals.

Vietnam IoT Integration Market is valued at USD 3.15 billion, driven by smart technologies in manufacturing, healthcare, and smart cities, with growth projected through 2030 via government digital strategies.

Vietnam Construction Market size was valued at USD 68.57 Billion in 2024 and is projected to reach USD 137.64 Billion by 2032, growing at a CAGR of 9.10% during the forecast period 2026-2032.Vietnam Construction Market DriversGovernment Investments in Infrastructure Development: Vietnam's government has prioritized infrastructure development as a core pillar of economic growth. The Vietnam Socio-Economic Development Plan (SEDP) emphasizes the expansion of transportation networks, industrial zones, and smart cities.Rapid Urbanization and Population Growth: Vietnam's urbanization rate exceeds 40%, with projections indicating further growth. Major cities like Ho Chi Minh City, Hanoi, and Da Nang are expanding rapidlyStrong Foreign Direct Investment (FDI): Vietnam has become a magnet for FDI, particularly in the manufacturing and real estate sectors. The country’s strategic location, stable political environment, and trade agreements like the CPTPP and EVFTA attract global investors.

The Vietnam ICT market exhibits robust growth, projected to reach $8.30 billion in 2025, expanding at a Compound Annual Growth Rate (CAGR) of 9.92% from 2025 to 2033. This significant expansion is fueled by several key drivers. Firstly, increasing government initiatives promoting digital transformation and infrastructure development are laying a solid foundation for technological advancements. Secondly, the rapid growth of e-commerce and digital services within the BFSI (Banking, Financial Services, and Insurance), IT & Telecom, and retail sectors is creating substantial demand for ICT solutions. Furthermore, a burgeoning young population with high smartphone penetration and internet usage is driving the adoption of advanced technologies. The market is segmented by type (hardware including network switches, routers, servers, and storage; software; IT and infrastructure services encompassing cloud solutions; and telecommunication services) and by industry vertical (BFSI, IT & Telecom, Government, Retail & E-commerce, Manufacturing, Energy & Utilities, and others). Leading players like Microsoft, Cisco, Viettel, and Qualcomm are actively shaping the market landscape through strategic investments and technological innovation. However, challenges remain, including infrastructure limitations in certain regions and the need for continuous skills development to support the growing technological demands. The forecast period of 2025-2033 promises continued expansion, driven by rising disposable incomes and increased government spending on digital infrastructure projects. This growth will likely be most pronounced in segments like cloud computing and software, reflecting the global shift towards digitalization. While challenges like cybersecurity threats and the digital divide need to be addressed, the overall outlook for the Vietnam ICT market remains positive, with substantial opportunities for both domestic and international players. The strong government support for digitalization, coupled with the dynamic private sector, ensures a favorable environment for sustained growth throughout the forecast period. The continuing expansion of 4G and 5G networks will further boost the market's growth potential, particularly within the telecommunication services sector. Recent developments include: July 2024: Google and the Vietnam National Innovation Centre (NIC) launched the 'Build for the AI Future' initiative to address challenges and promote comprehensive AI development in Vietnam. This comprehensive program was designed to accelerate the country's progress in AI through two strategies, including building talent and start-ups., April 2024: Alibaba, the global cloud service provider, announced plans to build a data center in Vietnam to store data locally due to compliance with legal requirements. The company relies on government-owned facilities.. Key drivers for this market are: Rising Smart City Initiatives Leading to Revamp of Technology Infrastructure, Digital Transformation and Industrial Automation; Increasing Investment on Key Technologies (Cloud Technology and Artificial Intelligence). Potential restraints include: Rising Smart City Initiatives Leading to Revamp of Technology Infrastructure, Digital Transformation and Industrial Automation; Increasing Investment on Key Technologies (Cloud Technology and Artificial Intelligence). Notable trends are: IT and Infrastructure Services (Including Cloud) Are Expected to Drive the Market.

Vietnam artificial intelligence market size reached USD 752.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,806.7 Million by 2033, exhibiting a growth rate (CAGR) of 14.96% during 2025-2033. The increasing digitalization of Vietnamese businesses, rising e-commerce activities, the implementation of favorable governmental policies, growing technology application in the healthcare sector, establishment of smart cities, and the rising collaboration between educational institutions and tech companies represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on component, technology, and industry.

Comprehensive dataset containing 2 verified Smart shop businesses in District 6, Ho Chi Minh City, Vietnam with complete contact information, ratings, reviews, and location data.

Vietnam Mobile Mapping Market is valued at USD 120 million, driven by smart city initiatives, urbanization, and advancements in LiDAR and UAV technologies for infrastructure and transportation.

Comprehensive dataset containing 5 verified Smart shop businesses in District 12, Ho Chi Minh City, Vietnam with complete contact information, ratings, reviews, and location data.

The size of the Energy Storage System ESS Battery Management System ... market was valued at USD 0.219 Billion in 2023 and is projected to reach USD 0.71 Billion by 2032, with an expected CAGR of 18.2% during the forecast period. Recent developments include: In May 2023, AMI AC Renewables signed a memorandum of understanding (MOU) with Honeywell to collaborate on a battery energy storage system pilot project in Vietnam, through its subsidiary, AMI Khanh Hoa. The pilot project, which is co-funded by a USD 3 million from the US Mission, demonstrated how energy storage may assist Vietnam integrate more renewable energy into its power grid in order to reach ambitious climate targets. In May 2023, TE Connectivity partnered with the Start-up Hub of the Bangalore Chamber of Industry and Commerce (BCIC) to create its first accelerator program in India. The program intended to foster and develop start-ups in the energy and electrification, smart cities, and IoT areas by providing mentorship, resources, and access to a worldwide network. . Notable trends are: Rise in demand for Energy Storage systems for Transportation & Electric Vehicles (EVs)..

Comprehensive dataset containing 2 verified Smart shop businesses in District 11, Ho Chi Minh City, Vietnam with complete contact information, ratings, reviews, and location data.

Comprehensive dataset containing 8 verified Smart shop businesses in Go Vap, Ho Chi Minh City, Vietnam with complete contact information, ratings, reviews, and location data.

The ASEAN waterproofing market, encompassing Malaysia, Indonesia, Thailand, Singapore, Philippines, Vietnam, and Myanmar, presents a robust growth opportunity. Driven by rapid urbanization, infrastructure development, and increasing construction activity across the region, the market is experiencing significant expansion. A CAGR exceeding 6.50% from 2019 to 2033 indicates strong and sustained demand for waterproofing solutions. Key drivers include rising disposable incomes fueling housing construction, government initiatives promoting infrastructure projects (like smart cities and transportation networks), and the growing awareness of the importance of building durability and longevity in challenging tropical climates. Market segmentation reveals varying growth rates across the ASEAN nations, with Indonesia and Vietnam potentially showing faster expansion due to their large populations and significant ongoing construction projects. While data for individual countries is unavailable, it's reasonable to assume that Indonesia and Vietnam will have a larger market share than Singapore due to their significantly larger population and construction activity. The market faces some restraints, such as fluctuating raw material prices and potential labor shortages in certain regions. However, technological advancements in waterproofing materials, such as the development of more sustainable and efficient solutions, are expected to mitigate these challenges and further fuel market growth. Major players like BASF, Sika, and Pidilite are actively involved, driving innovation and competition within the market. The forecast period of 2025-2033 offers substantial potential for further market expansion, driven by ongoing infrastructural investments and a growing demand for high-quality, durable buildings. This dynamic market is characterized by a diverse range of waterproofing products, including membrane systems, coatings, and cementitious solutions. Competition is intense, with both international and regional players vying for market share. Growth strategies are likely focused on product innovation, strategic partnerships, and expansion into new markets within the ASEAN region. The future success of companies in this sector will hinge on their ability to adapt to evolving technological advancements, address environmental concerns through sustainable practices, and cater to the specific needs of each regional market. As urbanization accelerates and infrastructure projects continue, the ASEAN waterproofing market remains well-positioned for continued expansion throughout the forecast period. Sophisticated marketing and distribution networks will be crucial for effective market penetration. Recent developments include: July 2022: Sika AG expanded its product portfolio as it partnered with insulation expert manufacturer All Weather Insulated Panels and launched a product that will contain PVC roof membrane of Sika AG and AWIP Dekinsulated roof panel of AWIP., May 2022: Sika AG expanded its portfolio of single-ply roofing membranes with the launch of SarnafilAT which combines the benefits of FPO and elastomer to result in a hybrid model with exceptionally high durability and easy application. The launched product is the only thermoplastic roofing membrane in the world with the Cradle to Grave Certification.. Key drivers for this market are: Increasing Government Investments on Construction Projects. Potential restraints include: Increasing Government Investments on Construction Projects. Notable trends are: Traffic Systems/Topcoats to Boost the Market Demand.