Ho Chi Minh Times

Friday, Nov 07, 2025

Vietnam’s Digital Industry Breaks Record with $118 Billion in 2024

Booming software and IT services propel Vietnam’s digital sector to new heights.
Vietnam’s digital industry has surged to an all-time high in 2024, with revenues hitting a record-breaking 118 billion US dollars, marking a sharp 17.78 percent increase from last year. According to the Authority of ICT Industry and Communications, the software and IT services sector alone contributed 6.64 billion US dollars, showing impressive resilience with nearly a 10 percent growth.

The digital landscape in Vietnam now includes over 51,000 enterprises, employing more than 1.5 million people. A key highlight is the growing number of companies tapping into foreign markets, with digital exports solidifying Vietnam’s position as a global tech hub. Recognizing industry leaders, the Top 10 Vietnam Digital Technology Companies awards celebrated firms driving this growth, collectively generating over 4.7 billion US dollars in revenue.

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