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Cloud, AI, IoT to Drive IT, Telecom Sector Growth in Vietnam

Cloud computing services, artificial intelligence (AI), the Internet of Things (IoT), 5G technology, fixed broadband Internet, and blockchain technology are expected to lead the information technology and telecommunications sector over the next few years. According to a recent survey, technology companies are investing in core and fundamental technologies to serve digital transformation. Encouraging the digital transformation of business could be a crucial step as the Department of Enterprise Management earlier estimated that the country’s gross domestic product (GDP) could surge by US$30 billion if the country successfully digitises its small and medium-sized enterprises (SMEs).

Cloud

Cloud computing services in Vietnam are forecast to develop with better security than physical servers, helping organisations increase productivity and reduce machinery and infrastructure costs. Vietnam’s cloud computing market is predicted to grow by nearly 26% annually, the fastest pace in Southeast Asia and higher than the global average of 16%.

Artificial Intelligence

About 66.67% of enterprises are applying AI to their digital transformation process. AI can manage and optimise infrastructure and customer support and is expected to access all businesses in the future. Last year, the government issued a national strategy on the research, development, and application of AI until 2030, aiming to gradually turn Vietnam into an innovation and AI hub in ASEAN and the world.

Internet of Things

The rate of firms using the IoT this year has reached 86.67%, an increase from 66.67% in 2021. IT experts believe it has the greatest development potential at present. Businesses can connect IoT devices from afar, collecting, and managing their data, processing data on demand, and sharing data with devices outside the IoT network. In this way, the IoT can automate processes, minimise labour and infrastructure costs, manage supply chains, optimise energy use, and improve sustainability.

5G

The 5G is expected to contribute about 7.34% to the country’s GDP by 2025, according to the Institute of Information and Communications Strategy under the Ministry of Information and Communications (MIC). The application of 5G services will help telecom enterprises boost the use of AI and IoT in smart city building and business operations and meet digital users’ demand for high-definition videos, virtual reality, and augmented reality.

According to the MIC’s Authority of Telecommunications, telecoms network infrastructure has been expanded to 100% of communal-level localities. The 2G, 3G, and 4G mobile networks have covered 99.8% of the population while 5G has been piloted in 16 provinces and cities.

Broadband Networks

By the end of last year, there were nearly 71 million mobile broadband subscribers and 18.8 million fixed ones, a 4% and 14.6% increase from 2020, respectively. Internet traffic in Vietnam also rose by over 40% last year. Currently, the proportion of adults using smartphones in Vietnam is 73.5%. Vietnam aims to increase the rate to 85% by the end of 2022.

Blockchain

With an increase in blockchain technology applications and rapid, large-scale digital transformation, Vietnam has the potential to compete in the global market and become a hub for technology. It is estimated that by 2030, blockchain will create 40 million jobs, and 10-20% of the country’s economic infrastructure will run on blockchain-enabled systems.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.