Report Overview

Vietnam Artificial Intelligence (AI) Market – Industry Trends & Forecast Report, 2031

Vietnam Artificial Intelligence (AI) Market size was estimated at USD 664.26 million in 2024. During the forecast period from 2025 to 2031, Vietnam Artificial Intelligence (AI) Market size is projected to grow at a CAGR of 28.31%, reaching a value of USD 3,803.29 million by 2031. Vietnam AI market is driven by government support, rapid digital transformation, and rising e-commerce activities. AI adoption in healthcare, smart city initiatives, and fintech advancements further fuel growth. Increasing demand for automation, data-driven decision-making, and cloud computing enhances AI integration. The IoT boom, AI-powered customer service, and cybersecurity concerns also contribute to expansion. AI-driven logistics, education, manufacturing, and marketing are shaping Vietnam’s AI landscape. The market benefits from AI research investments and enhanced security solutions.

Artificial Intelligence (AI) – Overview

Artificial intelligence (AI) refers to the simulation of human intelligence in machines, enabling them to perform tasks like learning, reasoning, and problem-solving. AI encompasses machine learning, natural language processing, robotics, and computer vision, revolutionizing industries such as healthcare, finance, and manufacturing. It enhances automation, decision-making, and efficiency, driving innovation in smart cities, autonomous vehicles, and personalized recommendations. As AI evolves, ethical concerns regarding privacy, bias, and job displacement remain critical challenges for responsible development and deployment.

Vietnam Artificial Intelligence (AI) Market 

Growth Drivers

Government Initiatives and Support

Vietnam’s government is actively fostering AI growth through strategic policies, tax incentives, and investment programs. Resolution No.57-NQ/TW prioritizes AI, semiconductors, and digital infrastructure, offering preferential policies for R&D and high-tech manufacturing. The country aims to train thousands of AI engineers and establish AI research centers. Additionally, Vietnam’s new digital technology law provides a clear regulatory framework, encouraging AI-driven innovation and foreign investment.

Challenges

Limited Skilled Workforce

Vietnam’s AI Market faces challenges due to a shortage of highly skilled professionals in machine learning, data science, and AI engineering. Despite government efforts to train AI specialists, the demand outpaces the supply, leading to recruitment difficulties for businesses. Many firms outsource talent or rely on foreign expertise, increasing operational costs. Additionally, educational institutions struggle to keep pace with rapid AI advancements, creating a skills gap that hinders innovation and AI adoption in various industries.

Impact of Escalating Geopolitical Tensions on Vietnam Artificial Intelligence (AI) Market 

Escalating geopolitical tensions could impact the growth of Vietnam AI Market by disrupting supply chains, limiting access to advanced AI technologies, and affecting foreign investments. Vietnam’s strategic position makes it a key player in AI and semiconductor industries, but global conflicts create uncertainty for FDI inflows. Additionally, data security concerns and trade restrictions may slow AI adoption. However, Vietnam’s government initiatives and domestic AI development help mitigate risks and maintain growth momentum.

Vietnam Artificial Intelligence (AI) Market 

Segmental Coverage

Vietnam Artificial Intelligence (AI) Market – By Component

Based on component, Vietnam Artificial Intelligence (AI) Market is divided into Hardware, Software, and Services segments. The software segment leads Vietnam Artificial Intelligence Market, capturing the largest share among hardware, software, and services. This dominance stems from widespread adoption of AI platforms and applications—such as NLP, deep learning, and machine learning—across industries like healthcare, telecommunications, automotive, and BFSI. Software revenues accounted for approximately 35% of the regional AI market in 2024 and are expected to maintain strong growth as businesses increasingly deploy intelligent software solutions over hardware or service-heavy offerings.

Vietnam Artificial Intelligence (AI) Market – By Technology

On the basis of technology, Vietnam Artificial Intelligence (AI) Market is divided into Machine Learning (ML), Natural Language Processing (NLP), and other technology segments. The machine learning segment is the dominant technology in Vietnam AI Market. With a strong CAGR during the forecast period, ML is expected to maintain its leadership position in Vietnam Artificial Intelligence (AI) Market.

Vietnam Artificial Intelligence (AI) Market – By Industry

Vietnam Artificial Intelligence (AI) Market by industry is divided into IT & Telecom, Healthcare, Retail & E‑Commerce, Logistics & Transportation, Manufacturing, Consumer Electronics, BFSI, and other industry segments. The manufacturing industry is the dominant segment in Vietnam Artificial Intelligence (AI) Market, outperforming IT & Telecom, Healthcare, Retail & E‑Commerce, Logistics & Transportation, Consumer Electronics, BFSI, and Others. AI adoption in manufacturing—especially for smart factories, production planning, quality control, predictive maintenance, and operations optimization—is the primary driver of market growth. As Industry 4.0 advances, manufacturers are increasingly integrating AI hardware and software to cut costs, boost efficiency, and accelerate time‑to‑market, making manufacturing the top contributor to Vietnam AI Market.

Competitive Landscape

Major companies operating in Vietnam Artificial Intelligence (AI) Market include 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. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Component

• Hardware

• Software

• Services 

By Technology

• Machine Learning

• Natural Language Processing (NLP)

• Others   

By Industry

• IT & Telecom

• Healthcare

• Retail & E-Commerce

• Logistics & Transportation

• Manufacturing

• Consumer Electronics

• BFSI

• Others

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1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentations
2. Executive Summary
3. Vietnam Artificial Intelligence (AI) Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Government Initiatives and Support
         2. Increasing Demand for Automation and Efficiency
         3. Rapid Digital Transformation Across Industries  
      2. Restraints
         1. Limited Skilled Workforce
         2. High Implementation Costs
         3. Regulatory and Ethical Concerns
      3. Opportunities
         1. Expansion of AI in Healthcare and Finance
         2. Growing AI Startup Ecosystem
      4. Challenges
         1. Data Privacy and Security Issues
         2. Integration Complexity Across Sectors   
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      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
   1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
         1. Hardware
         2. Software
         3. Services  
      2. By Technology
         1. Machine Learning (ML)
         2. Natural Language Processing (NLP)
         3. Others   
      3. By Industry
         1. IT & Telecom
         2. Healthcare
         3. Retail & E-Commerce
         4. Logistics & Transportation
         5. Manufacturing
         6. Consumer Electronics
         7. BFSI
         8. Others
7. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Vietnam Artificial Intelligence (AI) Market Share Analysis, 2024
   3. Competitive Benchmarking, By Operating Parameters
   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)
   1. FPT Corporation
   2. Viettel Group
   3. VNPT (Vietnam Posts and Telecommunications Group)
   4. Vingroup
   5. Techcombank
   6. CMC Corporation
   7. TMA Solutions
   8. VNG Corporation
   9. KMS Technology
   10. AI Academy Vietnam
   11. VinAI Research
   12. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
    1. Qualitative Research
       1.  Primary & Secondary Research
    2.   Quantitative Research
    3.   Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    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