The attraction of Vietnam's cloud computing market

At the conference, experts commented that the Vietnamese cloud computing market is in the process of development and is very attractive to international investors. It is forecasted that the size of the Vietnamese cloud computing service market will reach more than 1.2 billion USD by 2030.

Huawei Southeast Asia President Tao Guanyao commented that Vietnam's digital economy is having the highest growth rate in Southeast Asia, equivalent to 20%, 3 times faster than the GDP growth rate.

The digital revolution is changing the world. Mobile and online services are increasing and developing explosively such as digital government services, e-commerce, mobile payments, live streaming, games, etc. Cloud has become the foundation for the digital revolution, from which AI is applied to deploy for different industries in Vietnam.

Huawei Cloud APAC Business and Industry Development Director Andy Jin shared at the event.

Andy Jin, Director of Business and Industry Development for Huawei Cloud Asia Pacific (APAC), also highlighted Huawei Cloud's impressive growth in APAC with a 77% increase in total revenue, with Big Data and AI alone achieving a 5-fold increase in the number of projects and a 10-fold increase in revenue. These business results have made Huawei Cloud the fastest growing cloud service provider in the region.

By 2024, Huawei Cloud will prioritize the development of a six-star product portfolio: Huawei Cloud Stack, Big Data & AI, Communications Services, Database, Security, and PaaS - Platform as a Service. We will also strengthen cooperation with leading enterprises and partners in the industry to achieve more success in our target market segments.”

Experts attending the event assessed that the cloud computing market in Vietnam is very promising, growing year by year. The digitalization process in Vietnam is taking place very strongly. In just the past few years, the demand for cloud computing services has not only come from end users but also from large customers and large IT companies. They all have large investments in data center infrastructure in Vietnam. Some units such as Viettel, VinaPhone, MobiFone have all invested in data centers.

According to Huawei Vietnam Solution Director Dao Quang Vinh, the Vietnamese cloud computing market is in the process of development and is very attractive to investors. All parties are looking to Vietnam, not only Huawei, many other companies have long-term plans to build data centers in Vietnam. However, the cost of building a data center system is very large. When investing in a large-scale system with high costs, all parties are waiting for a "breakthrough" point with the ability to recover larger investment capital.

At the conference, speakers from SmartOSC, FPT Software and CMC Telecom also shared insights, experiences and success stories of businesses applying digital transformation solutions from Huawei Cloud.

SmartOSC Cloud Business Director Gerry Bench explained how Cloud, Big Data and AI solutions can unlock the potential of the e-commerce industry. Gerry Bench cited an example of SmartOSC and Huawei Cloud working together to develop solutions that helped Thai retailer DoHome reduce its technology infrastructure costs by 30% and achieve rapid business growth.

FPT Software’s Director of Global Digital Transformation (DXG) Huynh Le Duy shares about the partnership with Huawei Cloud in developing E2E cloud solutions and leveraging each other’s customer resources to expand and cross-sell services in emerging markets. By implementing a standardized system framework and flexible development, FPT Software quickly adjusted the business system for AIA to achieve a 35% business growth rate.

CMC Telecom's Multi-Cloud Director Dang Tuan Thanh also shared how the company provides comprehensive services on payment, migration and data management on cloud platforms to solve customers' difficulties.

Source: https://kinhtedothi.vn/suc-hut-cua-thi-truong-dien-toan-dam-may-viet-nam.html