Vietnam Artificial Intelligence (AI) Market Size to Surpass USD 3.8 Billion by 2031

Published | 20 June 2025

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.

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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.

Don’t miss the business opportunity in Vietnam Artificial Intelligence (AI) Market. Consult our analysts to gain crucial insights and facilitate your business growth.

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 Intelle, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

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