Vietnam Artificial Intelligence as a Service Market

Vietnam Artificial Intelligence as a Service Market Overview:

The Vietnam Artificial intelligence as a service market size reached USD 76.50 Million in 2024. The market is projected to reach USD 1,459.14 Million by 2033, exhibiting a growth rate (CAGR) of 34.29% during 2025-2033. The market is driven by substantial government investments through the National Strategy for Artificial Intelligence Development, the rapid digital transformation across industries, and increasing strategic international partnerships. Additionally, Vietnam's emergence as a leading AI innovation hub in ASEAN is a significant factor augmenting the Vietnam Artificial Intelligence as a Service market share.

Vietnam Artificial Intelligence as a Service Market Trends:

Government-Led AI Investment and Infrastructure Development

The sector is experiencing unprecedented growth driven by comprehensive government support and strategic policy initiatives. The Vietnamese government has allocated USD 1 Billion to support AI initiatives, enhance infrastructure, and promote research and development as part of its National Strategy for Artificial Intelligence Development, aiming for a significant increase in national AI capabilities by the end of 2025. This ambitious investment program encompasses four key pillars, including flexible governance that encourages innovation, integrated infrastructure development, special investment incentives, and enhanced research capabilities. The government has implemented a regulatory sandbox approach, allowing companies to develop and test new digital technology products for up to two years without restrictive legal requirements. These comprehensive initiatives create a favorable ecosystem for AI service providers to develop cutting-edge solutions while ensuring responsible deployment across various sectors.

Enterprise AI Adoption and Digital Transformation Acceleration

The Vietnam artificial intelligence as a service market growth is propelled by rapid enterprise adoption and comprehensive digital transformation initiatives across all industry sectors. As per industry reports, in 2024, Vietnam's digital economy expanded by over 20 percent, contributing more than 18 percent to the country's GDP. This growth is projected to increase to 30-35 percent of GDP by 2030, positioning Vietnam to join the top 30 digital economies globally. The acceleration is evident in the financial sector. Machine learning dominates the technology segment due to its versatility and applicability across sectors, enabling businesses to automate processes, analyze large datasets, and generate predictive insights for enhanced operational efficiencies. Industries including banking, healthcare, retail, telecommunications, and manufacturing are increasingly adopting AI-as-a-Service solutions for risk assessment, diagnostic support, customer personalization, and predictive maintenance. The surge in demand is further supported by Vietnam's robust digital infrastructure, with increased internet penetration, creating a strong foundation for cloud-based AI services deployment.

Strategic International Partnerships and M&A Activities

Vietnam's AI ecosystem is being transformed through strategic international partnerships and high-profile mergers and acquisitions that bring global expertise and capital to local companies. Private investment in AI startups is increasingly across the country. Moreover, major global technology companies are establishing a significant presence in Vietnam. Notably, in April 2024, FPT Corporation secured strategic partnerships with NVIDIA for a USD 200 Million AI factory investment, alongside collaborations with Microsoft, Google, and Landing AI to enhance local capabilities and knowledge transfer. These partnerships facilitate access to cutting-edge technologies, accelerate talent development programs, and enable Vietnamese companies to compete globally while addressing regional market needs. The collaborative ecosystem extends beyond technology transfer to include joint research initiatives.

Vietnam Artificial Intelligence as a Service Market Segmentation:

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

Technology Insights:

• Machine Learning (ML) and Deep Learning
• Natural Language Processing (NLP)

The report has provided a detailed breakup and analysis of the market based on technology. This includes machine learning (ML) and deep learning and natural language processing (NLP).

Organization Size Insights:

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

A detailed breakup and analysis of the market based on organization size have also been provided in the report. This includes large enterprises and small and medium-sized enterprises (SMEs).

Vertical Insights:

• Banking, Financial, and Insurance (BFSI)
• Healthcare and Life Sciences
• Retail
• Telecommunications
• Government and Defense
• Manufacturing
• Energy
• Others

The report has provided a comprehensive analysis of the market based on vertical. This includes banking, financial, and insurance (BFSI), healthcare and life sciences, retail, telecommunications, government and defense, manufacturing, energy, and others.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Artificial Intelligence as a Service Market News:

• April 2025: Qualcomm announced it has acquired MovianAI, the generative AI division of Vietnamese firm VinAI. The acquisition is intended to bolster Qualcomm’s capabilities in generative AI, machine learning, computer vision, and natural language processing, integrating VinAI’s R&D talent into its operations. The expertise is expected to contribute across Qualcomm’s portfolio, including smartphones, PCs, and software-defined vehicles.
• December 2024: NVIDIA announced the acquisition of VinBrain, a Vietnam-based startup under Vingroup that develops AI-powered medical products. The deal follows an agreement signed between NVIDIA and the Vietnamese government to set up two AI research and data centres in Vietnam. NVIDIA plans to transform VinBrain into a leading design centre in Vietnam, leveraging VinBrain’s AI expertise to bolster its healthcare AI capabilities.

Vietnam Artificial Intelligence as a Service Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam Artificial Intelligence as a Service market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam Artificial Intelligence as a Service market on the basis of technology?
• What is the breakup of the Vietnam Artificial Intelligence as a Service market on the basis of organization size?
• What is the breakup of the Vietnam Artificial Intelligence as a Service market on the basis of vertical?
• What is the breakup of the Vietnam Artificial Intelligence as a Service market on the basis of region?
• What are the various stages in the value chain of the Vietnam Artificial Intelligence as a Service market?
• What are the key driving factors and challenges in the Vietnam Artificial Intelligence as a Service market?
• What is the structure of the Vietnam Artificial Intelligence as a Service market and who are the key players?
• What is the degree of competition in the Vietnam Artificial Intelligence as a Service market?

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam Artificial Intelligence as a Service market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam Artificial Intelligence as a Service market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam Artificial Intelligence as a Service industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.