Vietnam’s Ministry of Science and Technology disclosed in early May 2026 that the country’s digital technology industry generated an estimated VND 622.4 trillion (approximately USD 23.8 billion) in revenue in the most recent reporting month, up 38% year-on-year, as mobile broadband subscriptions reached 110.5 million across 3G, 4G, and 5G networks, with 91.3% of subscribers using smartphones. The figures establish Vietnam’s digital economy as one of the most rapidly expanding in Southeast Asia and signal significant structural capacity for enterprise technology deployment.
Key Facts At A Glance
- Vietnam holds 110.5 million mobile broadband internet subscriptions (3G/4G/5G), as reported by the Ministry of Science and Technology, May 2026
- 91.3% of those subscribers use smartphones
- Fiber-optic internet penetration has reached 85.8% of Vietnamese households
- IPv6 adoption stands at 65%
- Digital technology industry monthly revenue: VND 622.4 trillion (USD 23.8 billion), up 38% year-on-year
- Digital technology product export turnover reached USD 20.3 million in the month, up 39.6% year-on-year
- Vietnam’s 2026 full-year digital technology industry revenue target is USD 224 billion, with electronic hardware exports targeted at USD 199 billion
Vietnam’s Expanding Digital Infrastructure Base
Vietnam’s Ministry of Science and Technology released connectivity and sector performance data in early May 2026 confirming that the country’s mobile broadband subscriber base has reached 110.5 million, spanning third-, fourth-, and fifth-generation network services. Of those subscribers, 91.3% are active smartphone users, establishing Vietnam as one of the highest-penetration mobile internet markets in Southeast Asia by population proportion.
Fiber-optic broadband has been extended to 85.8% of Vietnamese households, while IPv6 adoption has reached 65% nationally. The ministry has also finalised a 5G network deployment plan through 2030, with the stated target of achieving 5G coverage across 99% of the Vietnamese population by the end of the decade. In early 2026, Starlink Services Vietnam was granted a telecommunications services licence, marking Vietnam as the fifth country in Southeast Asia to deploy low-earth orbit satellite internet connectivity.
Digital Technology Industry Revenue And Export Performance
Vietnam’s digital technology industry generated estimated monthly revenue of VND 622.4 trillion (approximately USD 23.8 billion), up 38% year-on-year, according to Ministry of Science and Technology reporting cited by VietnamPlus in early May 2026. Export turnover of digital technology products reached USD 20.3 million in the same period, up 39.6% year-on-year.
The performance reflects momentum from a strong 2025 baseline. The Ministry of Science and Technology reported in January 2026 that the industry’s full-year 2025 revenue reached an estimated USD 198 billion, a 26% increase from 2024 and 16% above the annual target. Hardware and electronics exports for 2025 reached USD 178 billion, surpassing the annual target by 12%. For 2026, the ministry has set an industry revenue target of USD 224 billion, with electronic hardware exports targeted at USD 199 billion and the number of registered digital technology enterprises targeted at 89,000.
Regulatory Incentives Supporting Sector Growth
Vietnam’s Law on Digital Technology Industry, effective from January 2026, introduced incentive structures that are among the most competitive in the region for attracting digital investment. For qualifying enterprises, the law provides full corporate income tax exemption for the first two years of operation, followed by a 50% reduction for the next four years. Companies operating in priority sectors including semiconductors, artificial intelligence, and high-performance computing receive a preferential corporate tax rate of 10% applied for 15 years, with a four-year full exemption followed by a nine-year 50% reduction.
For infrastructure developers of designated digital technology zones, full land lease exemptions apply for the entire project duration. Mega-projects valued above VND 6 trillion (approximately USD 250 million) are eligible for extended incentive periods of up to 1.5 times the standard duration, and may deduct 200% of qualifying research and development expenditure. A five-year personal income tax exemption for high-quality sector workers is also available under the framework.
Vietnam’s digital technology sector is also preparing to pilot regulated cryptocurrency and digital asset exchanges beginning in the second quarter of 2026, as part of a broader effort to formalise emerging markets under regulatory oversight.
Market And Business Significance
Vietnam’s digital infrastructure scale has direct implications for businesses assessing market entry and expansion strategies across the region. A mobile broadband subscriber base of 110.5 million, combined with 91.3% smartphone penetration among those subscribers, establishes Vietnam as a large addressable mobile market for digital financial services, e-commerce platforms, logistics technology providers, and enterprise software operators.
The scale of fiber-optic household penetration at 85.8% positions Vietnam above several comparable emerging markets and reduces deployment friction for cloud-based enterprise services. For foreign-invested enterprises already active in Vietnamese manufacturing and electronics supply chains, the expanding digital infrastructure base further supports operational digitisation and adoption of automation technologies.
Vietnam’s digital technology revenue targets for 2026, set by the Ministry of Science and Technology at USD 224 billion in total industry revenue, indicate that the Vietnamese government treats the sector as a primary driver of GDP growth and export earnings, backed by the tax and land incentive architecture introduced under the 2026 Law on Digital Technology Industry.