Vietnam’s digital technology revenue estimated at $198b in 2025

Vietnam’s digital technology industry generated an estimated US$198 billion in total revenue in 2025, up 26% from 2024, according to a government conference in Hanoi.

The sector contributed over VND 1.075 trillion (US$41 billion) to GDP, a 10% year-on-year rise, with reported profits exceeding VND 371 billion (US$15.1 million).

Vietnam also counted 80,052 active digital tech enterprises in 2025, up 10% over the previous year.

Hardware and electronics exports were valued at US$178 billion, a 35% rise from 2024.

A key development in 2025 was the merger of the Ministry of Information and Communications and the Ministry of Science and Technology, resulting in an expanded Ministry of Science and Technology with broader duties.

Semiconductor industry development was identified as a national priority, with new regulations and a national prototyping center established.

Authorities tracked 3,382 assigned tasks this year, up 40% year-on-year, and proposed allocating VND 16.7 trillion (US$681.6 million) of an additional VND 25 trillion (US$1.02 billion) funding package to ministries, sectors, and localities.

🔗 Source: Vietnam News

🧠 Food for thought

Implications, context, and why it matters.

Vietnam’s $198 billion tech revenue leans on hardware exports

$178 billion of the $198 billion comes from hardware and electronics exports. Roughly 90% ties to manufacturing and assembly, not software or services or indigenous innovation [News Article].
Foreign-invested giants such as Samsung and Intel anchor electronics. Intel’s Vietnam plant makes over half of its global output and has added more than $100 billion to export turnover 1.
The sector’s value-added share is thin. $198 billion in revenue generated an estimated $41 billion for GDP, so much of the value creation flows to foreign parents rather than the domestic economy [News Article].
This dependency has pushed Vietnam toward semiconductors and research and development (R&D) to capture more value at home instead of staying an assembly hub 2.

Chip design firms and Electronic Design Automation (EDA) vendors face a short entry window in Vietnam’s semiconductor push

Semiconductors now rank as a national priority. Vietnam set up a national steering committee (a cross-ministry body) and an industry development strategy to speed execution 3.
Tax incentives include a 10% corporate income tax (CIT) rate for 15 years for semiconductor R&D, design, and manufacturing projects. A 5% rate is possible with the Prime Minister’s approval for projects with total investment capital of at least VND 6,000 billion 4.
Vietnam plans to train 50,000 semiconductor engineers by 2030 through curriculum changes and industry partnerships. This creates near-term demand for EDA tools, training programs, and design support services 2.
Government plans include a national prototyping center (a shared facility for testing plus validation of chip designs) [News Article] and priority customs procedures for qualifying projects 4. New laws take effect from January 1, 2026 2. These steps set up needed infrastructure and make 2026 a smart entry point before the sector matures while competition intensifies.