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investments from domestic and international players have spurred rapid growth in this
sector Electric Vehicles: The EV market in Vietnam is emerging, with initiatives from

both domestic and international companies aiming to expand this sector. Government
incentives and infrastructure development are essential to support this transition.
Tier 2: Large Hydropower: Vietnam's hydropower potential is considerable but
necessitates careful ecological and social impact assessments. Sustainable hydropower
development can contribute significantly to the country's energy needs. The rapid
growth of alternative energy sources in recent years reflects Vietnam’s efforts to move
towards greening the economy in the future.

Source: Energy Profile Viet Nam (2024)
Cloud Computing: The adoption of cloud computing in Vietnam is on the rise,
though it requires greater investment and infrastructure development. The government

is working to enhance digital infrastructure to support this transition.

Source: Statista Market Insights (2024)
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According to Statistics , the revenue in the Vietnam Public Cloud market is
expected to reach US$965.00 million by 2024; infrastructure as a Service dominates
the market with an expected market volume of US$324.10 million by 2024. The

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