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What are the Top IT Companies in Vietnam?

We live in an age where businesses are ultra-competitive, and an overwhelming of them are experiencing relatively greater pressure to improve the value of their brands and expand their operations. Vietnam’s market isn’t any different. IT companies in Vietnam are regarded as a strategic instrument to save costs and increase competence by employing innovations, which helps to contribute to the success of many enterprises. But before we delve into this broad domain of information technology, let’s get a word on the historical importance of Vietnam.

Historical Relevance of Vietnam:

The history of Vietnam is steeped in myth. Vietnamese culture today is the result of millennia of invasions and wars. As one of the oldest agricultural hubs where wet rice farming was practiced and where the stone and metallurgical revolutions took place, Viet Nam is situated in the region regarded as the cradle of humanity. The Van Lang State, Vietnam’s first State, was founded in the seventh century B.C. on the basis of socioeconomic development during the Dong Son Era and the struggle against natural disasters and foreign invasion. 

The development of a robust economy and a highly developed civilization known as the Red River Civilization (or Dong Son Civilization), symbolized by the bronze drum of Dong Son, occurred concurrently with the establishment of the first State in the history of Viet Nam. This heritage reflects the spirit of the way of life, traditions, and culture of the prehistoric Vietnamese people. The Vietnamese people had to contend with a variety of foreign aggressions in the interest of creating their homeland. 

Western capitalist nations started engaging in imperialism and colonialism at the beginning of the 19th century. The French gradually gained control of Vietnam through missionaries and trade. Viet Nam had to contend for the first time in its history with the invasion of a Western industrial nation. The establishment of the Communist Party of Vietnam on February 3, 1930, marked a pivotal turning point in Vietnamese history. The Vietnamese people successfully staged an uprising to capture power in August 1945 under the direction of the Communist Party led by President Ho Chi Minh, and the Democratic Republic of Viet Nam was established on September 2 of that same year.

To achieve national liberation and reunification, the newly established Viet Nam was forced to engage in a separate 30-year conflict. The resistance war against the French colonialists ended in 1954 with the victories at Dien Bien Phu and the Geneva Accord.On April 25, 1976, the Socialist Republic of Vietnam replaced the Democratic Republic of Vietnam as the country’s name. Viet Nam joined the United Nations as a member state in 1977. 

In the latter half of the 20th century and the first decade of the 21st, the economy experienced rapid expansion. The quality of life for people has greatly increased. Law-based social administration has been implemented, and the legal system has undergone continuous improvement. While maintaining a firm commitment to security and national defense, foreign contacts have grown and deepened.

The most significant characteristics and moral standards of the Vietnamese throughout the establishment and growth of the country have been patriotism, self-reliance, the tradition of unity, and the resolve to fight for the nation’s just cause. The Vietnamese people’s hardscrabble way of existence is where the heritage of tenacity, imagination, and patience began!

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Getting to Know the Economy of Vietnam

Vietnam is certainly one of the economies in the world that are raising the bar in the context of economic development. The movement of labor from the agricultural sector to the manufacturing and service sectors is blamed for the country’s economic boom. In addition, Vietnam benefited from increased private investment, robust tourism, higher wages, and increased urbanization. Exports reached record highs due to the industries’ explosive growth, including those producing textiles, electronics, and seafood.

Vietnam’s economy is supported by three industries: agriculture, industry, and services. Large state-owned corporations rule the textile, plastics, food, furniture, paper, tourism, and telecommunications industries, among others. 35% of the workforce in Vietnam is employed in the services sector, which accounts for 41.63% of the nation’s GDP.

Vietnam has gone from being one of the world’s poorest nations to a lower middle-income country, according to the World Bank, as a result of its transition from a centrally planned to a market economy. One of the most vibrant rising nations in East Asia right now is Vietnam. GDP per capita climbed 3.6 times from 2002 to 2021, reaching roughly $3,700 USD. The poverty rate (US$3.65 per day, 2017 PPP) dropped from 14.3% in 2010 to 3.8 percent in 2020. Because of the appearance of the COVID-19 Delta variant, GDP growth slowed to 2.6 percent in 2021. It is predicted that GDP growth will pick up to 7.2 percent in 2022 and 6.7 percent in 2023.

Vietnam moved up significantly from 90th to 84th place between 2021 and 2022 in the Heritage Foundation’s Index of Economic Freedom. With a total score of 60.6, Vietnam is classified as “Moderately Free.” Vietnam’s GDP increased by 7.72 percent in the first half of 2022 as a result of robust exports and consumer spending. In a recent revision, the International Monetary Fund raised its estimate of Vietnam’s economic growth in 2022 from 6 to 7 percent. According to a World Bank economic update for Vietnam published today, GDP growth will surge from an estimated 2.6 percent in 2021 to 7.5 percent in 2022, with inflation expected to average 3.8 percent for the entire year.

With a goal of becoming a high-income nation by 2045, Vietnam has become more ambitious in its development objectives. Vietnam has pledged to cut methane emissions by 30%, stop deforestation by 2030, and reach net zero carbon emissions by 2050 as part of its effort to develop in a greener, more equitable manner.

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How far along is Vietnam in Information Technology?

Vietnam has undergone massive economic expansion in recent years, which has helped businesses of all sizes, particularly the IT industry. The country is ranked second globally for producing mobile phones and their components, per the General Statistics Office, and tenth globally for creating electronic components.

Over the past 20 years, Vietnam’s IT industry has grown remarkably quicker by outperforming other sectors including agriculture and commerce. Vietnam has poised itself on the information technology map as one of the region’s strong countries, thanks to its swift and noteworthy leap forward in growth. Among the six ASEAN nations with the fastest growth rates, the country secured the 1st position in its software services!

The ICT market in Vietnam is predicted to grow at a rate of 10–15 percent annually between 2021 and 2025 as both the public and private sectors increase their adoption of ICT solutions, according to the Ministry of Information and Communications of Vietnam. In 2019, the market was estimated to be worth USD 20 billion. The Vietnamese government has recognized ICT as a significant industry and socioeconomic growth driver and is pressing government organizations at all levels to implement cutting-edge ICT solutions in order to increase operational efficiencies and deliver better governance services.

The information technology in Vietnam is expanding, posing a threat to Chinese and Indian IT companies as the country transitions from low-tech manufacturing to a service-oriented economy. The development of Vietnam as a regional market for both domestic companies and international technology vendors has helped to encourage this in part. Low labor costs and high-quality manpower are the main drivers of Vietnam’s information technology sector’s rapid expansion. Today, Vietnam is the eighth-largest country in the world that offers IT services.

The IT Sector in Vietnam has enlarged more quickly and dramatically than any other business during the past five years, significantly boosting the GDP and state coffers of the nation. A press release states that one of the vanguard industries to boost economic development from now until 2025 is indeed information technology. 

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What are the Top IT Companies in Vietnam?

By luring more investments into the sector, Vietnam has worked nonstop to establish its IT industry there. The goal of complete digitalization in Vietnam over the following ten years is being sustained by the Vietnamese government’s improvements in rules and policies to better welcome foreign investments in the IT sector.  Fin-tech, artificial intelligence, e-commerce, software outsourcing, and education technology are the top 5 technology domain that shows immense growth and headway in the current Vietnamese market. Now, let’s take a peek at the top IT companies that have situated themselves in Vietnam.

1. Beetsoft 

An IT consulting, BPO and 3D design company with offices in Vietnam and Japan, Beetsoft offers top-notch services at a very competitive price to SME and MNC clients all over the world. Having provided IT consulting and outsourcing services for more than 5 years, BeetSoft is a leader in developing the skills of professionals and helping businesses succeed in their specialized industries. With nearly 200 employees spread across several locations, 

Beetsoft, which operates under the guiding principle of “Be Excellent Together,” focuses on providing technology solutions and outsourced services for niche markets like healthcare, manufacturing, startups and IT companies, banking and insurance, retail, and education. The company’s development team is headquartered in Vietnam, so we can keep costs down while yet providing high-end services at cheap prices.

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2. Appota

In Vietnam, Appota is a pioneer in offering practical platforms for smartphones. Over 30 million people currently use Appota, with the majority living in Southeast Asia and Vietnam. Developers of games and applications, advertising firms, and e-commerce partners are this company’s key clients.

Appota was the first startup to offer digital entertainment and technological solutions to over 55 million people. The company stands at the top of game publishers in the world and also represents the Facebook Gaming Creator network in Vietnam. Game publishers and developers can more easily and swiftly reach customers with the aid of Appota. Since the company was founded in 2011, less than ten years have passed since it first appeared on the technological landscape.

3. NashTech 

With a solid international reputation, NashTech offers skills and technological solutions to businesses and has been assisting clients in resolving complicated and extensive technology issues for more than three decades. 

The company strategy combines adaptability, dependability, and product innovation to support its clients in realizing their dreams. So whether it’s technology consultation, robotic process automation, application development, or even application maintenance, Nashtech always provides practical answers for clients. Nashtech has won numerous IT awards, but its goal is to pursue value, not just accolades. Instead, it is the accomplishments that the company uses to worldwide implement large IT initiatives. 

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4. Rikkeisoft 

Rikkeisoft has been serving clients from its headquarters in Hanoi, Vietnam since it was created in 2012. With an emphasis on researching and creating 4.0 technologies including AI, IoT, VR/AR, Blockchain, Cloud, etc., Rikkeisoft aims to increase confidence and success in traditional information technology services.

It offers global outsourcing and development services. Custom software, online, and mobile app development are the main areas of concentration for their staff of roughly 1200 workers. The largest association in the Japanese information technology sector, JISA, accepted Rikkeisoft as a member in 2022. Rikkeisoft also won the IT World Award in 2022 in the field of offering technology services and solutions.

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5. Saigon Technology 

Software development outsourcing firm Saigon Technology Solutions is situated in Ho Chi Minh City, Vietnam, and also maintains a presence in Da Nang. The 2012-founded company serves small and midmarket businesses and institutions in a variety of industries by offering custom software development, web development, mobile app development, and other app development services.

Saigon Technology is popular as a top Vietnam-based software outsourcing firm, specializing in providing clients with efficient Agile software outsourcing solutions. The company’s primary areas of interest include the creation of mobile applications, websites, and custom software. With the tagline “Your success is our mission,” the business places a high priority on its customers.

6. IMT Solutions

With operations in Singapore, Japan, and Vietnam, IMT Solutions provides IT services and digital transformation to clients all around the world. IMT Solutions is Microsoft Gold Partners and ISO 27001 certified. Throughout its digital journey, the company works with clients ranging from startups to Fortune 500 firms in a variety of industries and countries to tackle challenging technology challenges. They choose to offer full-service IT consulting, software testing, telecom R&D, payment and financial services technology application development, and outsourcing of software services to their clients.

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7. Newwave Solutions

Newwave Solutions, situated in Vietnam is an established provider of tech-enabled software solutions using disruptive technologies in mobile, web, cloud, blockchain, artificial intelligence, and big data. With a decade of experience providing high-quality outsourced services to businesses and startups at an affordable price. 

Real estate, healthcare, finance, marketing, and advertising are some of the areas in which the company works. The company’s goal is to offer clients high-quality outsourced services for new technologies that improve their productivity. With unmatched affordability, transparency, and insights, Newwave Solutions professionalizes in end-to-end technology services by hiring and empowering experienced engineers and innovating its approach.

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In 2003, Ho Chi Minh City, Vietnam’s DIGI-TEXX, a business process outsourcing firm, was established. Their team focuses on providing back-office, voice, and IT strategy consultancy for small and midsize clients in the financial services and real estate sectors. The business has continually offered Outsourced Services and Digital Solutions to multinational clients in numerous industries for yet more than 19 years.

The DIGI-TEXX team has expanded too far more than 1,000 IT experts after 19 years of operation in the IT and BPO industries, with subsidiary operations in Can Tho (Vietnam) and Fukuoka (Japan) The employees at DIGI-TEXX work around the clock to ensure the highest level of service delivery and adherence to the security and quality requirements set by the industry.

9. Arrow High Tech Jsc 

The top firm in software and web development, mobile apps, and web app solutions, ArrowHiTech JSC (AHT JSC), founded in 2007, offers a vast array of web services and mobile app development. Their team of more than 500 professionals and developers has developed a reputation for offering top-notch services in many industries employing technology-driven methods to a wide range of clients throughout the world.

In order to provide its partners and customers with the best values possible, AHT TECH JSC aspires to rank among the top 10 IT companies in Vietnam and gain widespread recognition on the global technology map. It also wants to be a top destination for talent who share the same goals, aspirations, and resolve.

Refer the article to learn more: A Guide to MLOps (Machine Learning Operations)

10. Sotatek 

Vietnam’s Hanoi is home to the AI and blockchain development firm SotaTek JSC. With more than 500 staff members, the 2015-founded business offers services in blockchain, custom software development, mobile app development, web development, AI, e-commerce development, and IT strategy consulting. 

State-of-the-art Technology, or SotaTek, is a symbol of the company’s passion and commitment to meeting the demands of every client’s business while offering the most cutting-edge IT development services. With more than a thousand minds, the organization has spanned the business and technology industries and has united their diverse skill sets to advance one common objective: assisting Clients in embracing cutting-edge technology.

In the course of more than seven years of development, the company has amassed over 700 talented IT consultants and developers who share a wealth of knowledge and have successfully delivered full-cycle IT services to its Clients from over 25 countries around the world on more than 500 projects in a variety of sectors, including finance, health care, retail, education, real estate, and media & entertainment.

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11. CMC Corporation

CMC is a name that we cannot overlook in our conversation if the best IT companies in Vietnam are a topic. People frequently consider CMC to be Vietnam’s top technology corporation. CMC has been establishing itself in the domestic and international markets for approximately 30 years through construction and development. Three areas: Technology and Solutions, Global Business, and Telecommunications, are where CMC implements its remarkable business activities.

CMC tends to maintain a mindset of focusing on aspiration and inspiration, as evidenced by the tagline “Aspire to Inspire the Digital World.” Customers’ trust is something the business is working hard to earn, particularly among tech-savvy ones. To help make this goal a reality, CMC is prepared to share information with everyone.

12. Luvina Software Jsc 

With a head office in Hanoi (Vietnam), branches in Danang (Vietnam), and Kanagawa (Japan), Luvina, which was founded in July 2004 and has grown quickly, now employs more than 750 people. They offer full-cycle software development services for the global market, including design, development, maintenance, and operation. Their team also offers cloud consulting, CRM consulting, ERP consulting, and other types of IT consulting and SI.

13. HPT Vietnam Corporation

Since its founding in 1995, HPT Vietnam Corporation has mastered and put into practice cutting-edge ICT technologies for clients in Vietnam and around the world. Humans are HPT’s most valuable and vital resources since, as the company is aware, they are the most important component in delivering flawless IT services to its clients. More than 2000 Vietnamese businesses and agencies receive IT services. To assist them in completing crucial duties in response to the problems of the new era that of e-business the company offers its clients cutting-edge technologies, ideal solutions, and processes.

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14. TECHVIFY Software 

The top-ranking Vietnamese software development business is TECHVIFY Software. TECHVIFY wants to be a top-tier technical partner to its clients that seek to embark on a business transformation path. In the areas of testing services, blockchain & artificial intelligence development, mobile/web application development, and cloud services, the company provides time- and cost-efficient digital transformation solutions. TECHVIFY provides effective IT outsourcing services trusted and acknowledged by 120+ brands globally for years thanks to its team of committed and skilled software engineers. Throughout the digital transformation process, the company works with customers to build sustainable value.

15. Savvycom Vietnam 

One of the top Vietnamese IT firms is Savvycom, which specializes in offering software solutions and consulting services for digital transformation to a range of industries, including manufacturing, finance, healthcare, education, and other sectors. Savvycom’s goal is to assist organizations worldwide to create cutting-edge technology by utilizing technological resources in Vietnam. On its road to becoming the most renowned IT company in the ASEAN area, the company is steadily making its presence felt by leveraging technology.

Further, Savvycom’s notion of a world with an outpouring of information technology is continually evolving. To get there, the Savvycom team works tirelessly to improve the projects’ quality in order to satisfy customers and provide them with an improved experience.

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16. KMS Solutions 

KMS Solutions, a member of the KMS group, is a technology consulting company with the goal of empowering digital enterprises and assisting them in operating more successfully. To this end, the company makes use of software engineering excellence, digital capabilities, specialized accelerators, and fit-for-purpose solutions along with strategic software partners. 

The company achieved an astounding growth rate of 260.35%, earning it a spot on Clutch‘s list of the Top 100 Fastest-Growing B2B Providers. Additionally, it received the “Fast Enterprise” Award from APEA 2021 for its tenacity and inventiveness in the face of extraordinary difficulties. With 1,600+ IT professionals working within its IT delivery centers dispersed across India & Vietnam, KMS Solutions began by establishing its footprint and core delivery centers in the Vietnam market. 

The excellence in the software engineering culture at KMS Solutions is what distinguishes it from competitors. It is devoted to providing solutions that are appropriate for the situation while placing a priority on quality. Another outstanding quality of the company is its extensive network of alliances with top global technology businesses like AWS, Good Data, Microsoft, and SAFe to continuously study and adopt new cutting-edge technologies.

17. TMA Solutions

With 3800 engineers and 25 years of experience serving customers in 30 different countries, TMA is a leading provider of software in Vietnam. Along with locations in Singapore, Canada, Japan, the United States, Australia, and Canada, TMA also maintains seven offices in Vietnam.

With a sizable engineering workforce and a wide range of capabilities, they serve as the long-term and strategic software partner for the majority of their clients. TMA provides comprehensive solutions that cover all aspects of a problem, including the concepts, design, implementation, testing, deployment, maintenance, and support. This frees up its clients’ time to focus on their core business activities while leaving IT management to the engineering team. Their offerings address issues in the following industries: telecom, finance and insurance, e-commerce and retail, media and publishing, healthcare, education, hospitality and travel, and logistics and transportation.

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18. LinkByNet 

Since 2000, LINKBYNET has offered cutting-edge technology services and solutions to support and safeguard the company’s digital transformation. With a consulting approach, LINKBYNET aids companies in modernizing processes, applications, and infrastructures with Cloud and Security as the primary drivers. 

The “Follow the Sun” organization was created by LINKBYNET, a company with offices all over the world, to ensure that its services are accessible constantly. The LINKBYNET team has established a solid culture of customer dedication and knowledge sharing in the crucial positions of designer, architect, orchestrator, and operator of information systems. In 2021 May, Accenture got a complete acquisition of the company thereby supplementing the global capabilities of Accenture Cloud First.

19. FPT Software

FPT Software is a division of FPT Corporation, a significant provider of IT services and solutions with headquarters in Vietnam and nearly US$1.6 billion in annual revenue and 54,000 people throughout 28 nations.

As a leader in the digital transformation space, it offers top-tier services in areas like smart factories, digital platforms, Robotic Process Automation, AI, IoT, enterprise mobility, digital product development, cloud, augmented reality and virtual reality, business applications, application services, managed services, and more. The business has served more than 1,000 clients globally, 85 of which are Fortune Global 500 firms in the aerospace and aviation, automotive, banking, finance, insurance, logistics, healthcare, life sciences, retail, utilities, and other industries.

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20. Kyanon Digital 

Ho Chi Minh, Singapore, and Ho Chi Minh, Vietnam are the bases of Kyanon Digital, a company that develops mobile apps. The midsize team was founded in 2012 and offers a range of services, including the creation of enterprise apps, mobile apps, e-commerce websites, and custom software.

With an agile approach, Kyanon Digital is a tech giant with a presence in Vietnam that offers top-notch digital solutions. Every day, Kyanon Digital works to make the most of its knowledge to provide unending value to its customers, particularly by advising on the best possible solutions. With the best-suited guidance in any industry, the consultant teams can provide clients with the missing technology piece of support on a global scale.

That being said, IT Companies come in abundance in Vietnam, but finding the right one for your career prospects is vital. The above-mentioned companies are some of the most renowned companies out there that offer a large scale of benefits and a conducive environment to work in. With the breakneck speed that technology is growing, more and more companies are sure to come to light in the future. 

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How much will be the software engineer’s salary in Vietnam?

The ICT sector in Vietnam is expected to grow at an alarming pace and statistics even explicated that the total GDP of the country would increase by another US$1 trillion as the country grows digitally. The industries with the greatest potential for a profitable return on foreign investments are broadband IT, telecommunications, and broadcasting. The star investment sectors in Vietnam’s IT sector are also expected to be digital content, cloud computing, and fintech.

Having said that IT is one of the sectors fostering the nation’s explosive growth, Vietnam has 400,000 IT Engineers and about 50,000 new graduates each year making the IT sector incredibly abounded. Software engineers in Vietnam are extremely knowledgeable and are always abreast of the latest technological developments, namely blockchain, data science, AI, and Machine Learning! The software engineer salary in Vietnam is also impressive and rewarding, with the average monthly salary being 3,50,00,000 VND as per glassdoor.com!

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For international technology firms looking to diversify into a range of industries, Vietnam has proven to be a lucrative market. One of Southeast Asia’s most alluring investment markets is Vietnam, which has recently emerged. The digital economy and the ICT sector in Vietnam in particular seem to be the most competitive. Taking into account the testing of numerous cutting-edge digital technologies, the Ministry of Information and Communications hopes to make the nation a leading digital destination and economy in Southeast Asia by 2030!

To be at the forefront of the leading-edge technology domains like those mentioned above, gear up and find the best way to upskill through a certification course in the industry of your choice. We at DataMites are a chief provider of Data Science, AI, Machine Learning, Python, Data Analytics, and Data Engineer Courses that you can check out if you are interested! Our Courses at DataMites are accredited by recognized bodies of IABAC, Jain University, and NASSCOM.

About Data Science Team

DataMites Team publishes articles on Data Science, Machine Learning, and Artificial Intelligence periodically. These articles are meant for Data Science aspirants (Beginners) and for those who are experts in the field. It highlights the latest industry trends that will help keep you updated on the job opportunities, salaries and demand statistics for the professionals in the field. You can share your opinion in the comments section. Datamites Institute provides industry-oriented courses on Data Science, Artificial Intelligence and Machine Learning. Some of the courses include Python for data science, Machine learning expert, Artificial Intelligence Expert, Statistics for data science, Artificial Intelligence Engineer, Data Mining, Deep Learning, Tableau Foundation, Time Series Foundation, Model deployment (Flask-API) etc.

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