February 28, 2024

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Vietnam’s cloud computing market worth $133 million

Vietnam’s cloud computing market is worth nearly VND3.2 trillion (US $133 million). The country is now home to about 27 cloud computing data centres, invested in by 11 domestic firms with more than 270,000 servers.

According to a press release, however, domestic enterprises only account for about 20% of the market share while foreign partners seize the remainder. Speaking at an event held earlier this week, the Deputy Director of the Ministry of Information and Communications (MIC)’s Authority of Information Security Nguyen Khac Lich said cloud computing is a new-generation telecom platform in the next 5-10 years.

MIC considers cloud computing platform a digital infrastructure for the development of digital government, economy, and society. The market is forecast to be worth US$ 500 million by 2025, he said, adding that this year, the COVID-19 pandemic has pushed its growth by 40%.

Vietnam is of the few countries that issued a set of criteria and technical standards to choose cloud computing platforms in service of digital government and administrations. The Vice Director of Viettel IDC Le Hoai Nam said that the country only provides cloud computing infrastructure services while software services on cloud computing platforms have yet to be tapped though they bring huge revenues.

Participants at the event suggested MIC and leaders of departments assist Vietnamese firms in building policies and mechanisms conducive to information technology enterprises in the field of cloud computing, helping them switch to digital transformation more quickly and conveniently.

Earlier this month, MIC held an event to introduce Base.vn, a corporate management cloud-based platform developed by Vietnamese company Base Enterprise. It was part of a series of events aiming to promote Vietnamese-made products and solutions to help realise Vietnam’s digital transformation programme towards 2025 with a view to 2030.

Base Enterprises Director Pham Kim Hung said the platform can provide executives with an overview of their firm through actual data to make the right decisions, enhance productivity, reduce costs, and increase revenue. For their part, employees can collaborate with their colleagues on the platform to fulfil their tasks more efficiently.

Base.vn is also able to connect with the services of other providers to create a comprehensive set of tools that can support a company’s sustainable growth.

According to its developers, the service can work on a multitude of smart devices and is compatible with both Android and iOS operating systems. The Base.vn platform is currently used by more than 5,000 corporate customers of various sizes and across a wide range of business areas in Vietnam.

According to the report “Southeast Asia’s Digital Economy 2019”, Vietnam’s digital economy was valued at US$12 billion in 2019. Over the past 5 years, Vietnam’s e-commerce market grew by over 25% per year. Vietnam’s digital economy is forecasted to contribute 5% to the country’s GDP and is expected to reach US$43 billion by 2025.

Vietnam has made tremendous strides in its digital economy and tech-related industry and the country has managed to attract many big investors including numerous tech giants. The overall number of ICT firms in Vietnam (both domestic and foreign-invested) is 46,000 units. The Vietnamese ICT industry’s revenue in 2019 was US$ 110 billion, the B2C e-commerce contributed about US$ 10.8 billion, and the digital content industry’s revenue was US$ 850 million.

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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.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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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.

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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.

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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. 

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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.

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