Vietnam Cloud Storage Service Market Size and Forecast by Offering, Use Cases, Deployment Model, Subscription Model, Organization Size, and End User Industry: 2019-2033

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Industry Assessment Overview

Industry Findings: Cloud storage demand in Vietnam continues to strengthen as enterprises expand digital services, analytics usage, and long-term data retention across BFSI, telecom, manufacturing, and public sector environments. Object and file storage support collaboration platforms, content services, and archival workloads, while block storage underpins enterprise applications and transactional systems. Hybrid deployment remains common as organizations balance public cloud scalability with domestic data control and operational resilience. A structural development occurred during May-2024, when enforcement attention around data protection and localization increased scrutiny on storage governance and recovery practices. That development encouraged enterprises to formalize retention strategies and expand domestic archival capacity. Through 2025, storage consumption has continued to grow steadily as retained data volumes expand across regulated and customer-facing systems.

Industry Player Insights: The market in Vietnam consists of numerous players, including domestic cloud providers. During Sep-2024, Viettel Cloud expanded object storage capacity to support analytics and digital platform workloads hosted within Vietnam. In Jun-2025, the provider enhanced lifecycle management controls to support long-term retention and cost efficiency. In parallel, Viettel Cloud continues to support cloud storage adoption through object and block storage services delivered from in-country infrastructure aligned with national data governance requirements.