#cloud computing

Photo: VnEconomy
K-One to expand cloud computing business in Vietnam
Malaysian technology solutions provider K-One Technology Berhad said its subsidiary, G-AsiaPacific Sdn Bhd (GAP), has signed an agreement with the Vietnet Distribution Joint Stock Company to prepare for a joint venture, which is in line with its plan to expand its cloud computing business in Vietnam.
Photo: Illustration
Cloud services heading upwards
Vietnam currently has 39 cloud service providers but they hold a market share of less than 20 per cent. The total market value in 2020 reached more than $196 million and is forecast to reach $603.34 million by 2026, with annual growth of 18.8 per cent. Cloud computing is expected to contribute 1 per cent of GDP by 2025.