Top 30 Best Vietnam Software Development Companies

Posted date:
26 May 2023
Last updated:
05 Nov 2024

Vietnam software development companies have started up and grown a lot, boosting the economy but making it harder for businesses to find the right partner. To simplify your decision-making process, we’ve curated a list of top software development companies in Vietnam, offering the flexibility and innovation needed to succeed in the digital age.

Why Outsource To A Vietnam Software Company?

Vietnam is emerging as a leading destination for IT outsourcing due to combining several key factors that make it highly attractive to global businesses. With a young and skilled workforce that is increasingly proficient in English, the country offers a strong foundation for international collaboration. Moreover, Vietnam's competitive labor costs provide excellent value for businesses looking to maximize their investments without compromising on quality. Since 2014, Vietnam has positioned itself as Japan's second-largest partner in software development and service outsourcing.

In addition to these advantages, Vietnam’s economy is showing significant promise. 

The ASEAN+3 Macroeconomic Research Office (AMRO) has recently adjusted Vietnam’s economic growth forecast for 2024 to 6.3%, the highest in the ASEAN region

This upward revision highlights Vietnam's economic resilience and its growing potential as a key player in the global market. With a projected growth rate of 6.5% for 2025, the country continues to solidify its reputation as a thriving hub for IT outsourcing and technological development.

The ASEAN+3 Macroeconomic Research Office (AMRO)
The AMRO revises Vietnam’s 2024 growth forecast highest in ASEAN - Source: ASEAN+3 Macroeconomic Research Office

Vietnam's IT Market Expansion Rate

In 2023, according to VINASA, Vietnam's IT industry reached a total revenue of $148 billion—a remarkable fivefold increase since 2013. This growth was accompanied by a workforce expansion to 1.3 million employees, tripling over the past decade. Revenue from software and IT services alone has surged nearly sixfold to nearly $16 billion, with software and service exports contributing over $5 billion. 

The report “Vietnam ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)” by Mordor Intelligence forecasts that Vietnam's ICT market is expected to reach USD 8.30 billion in 2024, with the growth to USD 13.32 billion by 2029, reflecting a compound annual growth rate (CAGR) of 9.92% over this period.

The government’s National Digital Transformation Program, which is set to run through 2025 with a vision toward 2030, will play a significant role in driving this growth. 

According to the World Bank, Vietnam's digital economy is anticipated to expand by 10% annually, potentially surpassing USD 200 billion by 2045.

Vietnam ICT Market size
Vietnam ICT Market size - Source: Mordor Intelligence

Furthermore, to establish Vietnam as a hub for global innovation and artificial intelligence, the government has launched a national strategy for AI research and development through 2030. These strategic government investments will provide start-ups with greater opportunities to introduce innovative ICT solutions to the market.

1.2 Plentiful IT Human Resources

Vietnam’s IT industry boasts a rapidly growing workforce, currently standing at approximately 530,000 developers, the majority of whom belong to the Gen Z (1997–2012) and Millennials (1981–1996) generations. The growing number of IT professionals in Vietnam is further supported by the country's strong educational foundation. With over 300 universities and IT-focused educational institutions, Vietnam produces around 57,000 IT graduates annually. This continuous influx of skilled talent ensures that Vietnam remains a competitive and vibrant hub for IT outsourcing, capable of meeting the global demand for technological expertise.

Vietnamese IT professionals possess strong expertise across various fields, including software development, mobile app development, data science, cybersecurity, AI, and cloud computing. They are proficient in programming languages like Java, C++, Python, and JavaScript, and work with frameworks such as React, Flutter, and TensorFlow to build scalable applications and AI-powered solutions. 

Additionally, they have experience with cloud platforms like AWS and Azure, and follow DevOps practices to streamline software development. This diverse skill set enables Vietnam's IT workforce to meet the demands of global clients effectively.

Vietnam Plentiful IT Human Resources
Level of Qualifications of Vietnamese Developers- Source TopDev

1.3 Language Competence for Software Development in Vietnam

Based on the Vietnam Education System, students graduate from Vietnam universities or colleges (including IT) must achieve at least a B1 level in the Common European Framework of Reference (CEFR) to be admitted to colleges, while B2 is required for advanced programs. This focus on language proficiency equips Vietnamese IT engineers with the skills needed to succeed in the industry. With these abilities, they can effectively communicate with international clients and access global learning platforms. 

A CEFR certification is mandatory for IT graduates, and about 90% of IT professionals in Vietnam can use English, with 67% possessing intermediate or advanced skills, and 23% at a basic level.

CEFR certificate required
CEFR certificate is required for IT graduates

1.4. Cost Optimize 

One of the key advantages of Vietnam’s IT outsourcing market is its ability to provide highly skilled technology professionals at significantly lower costs. Compared to popular outsourcing destinations like the United States, China, or the Philippines, Vietnam offers top-quality output at a fraction of the price. 

According to CIO Magazine, foreign companies can save up to 90% on costs by outsourcing to Vietnam. For instance, hiring a professional developer in the U.S. costs around 65-130 USD per hour, whereas in Vietnam, the rate is only 20-45 USD per hour. Additionally, IT outsourcing in Vietnam is nearly one-third cheaper than in India.

Beyond labor costs, Vietnam also stands out with lower operational expenses such as office rent, utilities, and administrative costs. The World Bank highlights that these savings make Vietnam an even more attractive outsourcing destination. Outsourcing services in Vietnam are estimated to be 20-30% cheaper than in regions like Eastern Europe and Latin America, reinforcing Vietnam’s competitive edge in offering cost-effective IT solutions.

Many companies choose to work with an outsourced development team to access specialized skills and reduce costs.

Average salary
The salary trends and demands for various roles in Vietnam - Source: TopDev

1.5 Excellent Government Policies for IT Firms in Vietnam

On 24 December 2020, the Prime Minister signed Decision No. 2205/QD-TTg, authorizing the Ministry of Science and Technology's Intellectual Property Development Program. The Program’s primary objective is to utilize intellectual property as a vital tool to enhance national competitiveness, foster innovation, and support economic, cultural, and social development.

Vietnam’s Cybersecurity Law enforces data localization, government regulation of online content, and the requirement for establishing local offices, ensuring that international clients are protected under Vietnamese law. 

Alongside these regulatory measures, Vietnam also offers tax incentives to encourage technological investment and development. For example, qualified IT enterprises can benefit from a corporate income tax rate of 10% for up to 15 years, a 4-year tax exemption, and a 50% reduction for the subsequent 9 years (Source: Law Library). These regulations and incentives underscore Vietnam’s commitment to supporting technology companies and their clients, further enhancing its potential as a global software outsourcing leader.

With a strong IT workforce, cost-effective labor, and business-friendly government policies, Vietnam owns many top software development companies in Vietnam.

Vietnam offers various software development outsourcing models, allowing businesses to choose the best fit for their needs

Top 20 Software Development Companies in Vietnam - Updated List in 2024

MOR Software - Top 10 Vietnam ICT award

As one of the Top 10 Vietnam ICT in 2021 & 2023, MOR Software stands out for the expertise and proven track record. With 450+ highly skilled software engineers and a refined process, MOR Software empowers international startups and businesses to overcome scaling challenges. MOR Software owns a network of branches spanning from Vietnam to powerful countries such as Japan, Korea and the United States.

MOR Software is one of several Vietnamese firms that are recognized among the best IT outsourcing companies globally.

MOR Software has achieved international certifications such as CMMI Level 3, ISO 9001:2015, and ISO 27001:2013. Additionally, the company is a strategic partner of ISTQB and Salesforce, ensuring project quality meets global standards and solidifying its position in the international IT industry.

Learn more on: Top 15 Vietnam Software Outsourcing Agility Development

MOR Software has been in business for seven years and has helped international startups and businesses grow

NashTech 

NashTech is a company of Harvey Nash Group, headquartered in the UK. NashTech has 21 years of development in Vietnam and a team of more than 1,200 talented engineers at three main offices in Ho Chi Minh City, Hanoi and Da Nang. They have a large network with 3,000 colleagues across 19 countries and provide a uniquely broad range of service capabilities, from recruitment and workforce management, to software development and technology solutions. 

With technology as its core business platform, NashTech has cooperated with leading corporations in the world such as Honda, Prudential, Ford, Hitachi, HSBC, ANZ.... This enterprise also operates in many other countries such as the UK, Japan, Australia, Singapore, USA, Poland…Known as a reputation for high-quality work and an in-depth understanding of EU and US markets, NashTech's pricing, however, tends to be higher than the average in Vietnam due to its headquarters' pricing policies.

FPT Corporation

FPT Corporation is the largest information technology service company in Vietnam working in Technology, Telecommunications, and Education. FPT was recognized among the Top 5 strongest brands in Vietnam and ranked in the Top 10 for the most prominent brand value growth at the "100 Most Valuable Brands in Vietnam 2024" awards by Brand Finance.

Recently, FPT has opened new offices in Germany, Sweden, Japan, India, and South Korea, to engage potential customers in high-growth sectors such as healthcare, automotive, manufacturing, energy, and banking and finance, as well as green transformation.-

Fujinet Systems JSC

Established in 2000, FUJINET SYSTEMS brings over 20 years of expertise in software development for the Japanese market. The company partners with clients across key cities in Japan, including Tokyo, Osaka, Nagoya, Sapporo, Kanagawa, Mie, Ishikawa, and Ibaraki. FUJINET focuses on advanced software solutions for businesses and is expanding into emerging areas like Artificial Intelligence (AI) and Robotic Process Automation (RPA).

TMA Solutions

Founded in 1997, TMA Solutions delivers high-quality software outsourcing services to top companies around the globe. With a team of 4,000 engineers, TMA is one of Vietnam's largest software outsourcing firms , offering software solutions to clients in 30 countries. In addition to six offices across Vietnam, TMA has expanded internationally with locations in Canada, the USA, Japan, Australia, Germany, and Singapore.

Elinext

Elinext is a company having offices in Vietnam and Belarus that has been engaged in software outsourcing for the past 23 years. They have a workforce of 500 people and emphasize Java,.NET, PHP, and C++. This Vietnam software company undertakes projects across various industries, with a primary focus on healthcare, manufacturing, and the financial and banking sectors, among others.

Buuuk

Founded in 2008 as a food directory app, Buuuk has evolved into one of Vietnam’s leading software development companies, specializing in the F&B and media and entertainment sectors. Today, Buuuk develops customized applications for diverse clients, utilizing advanced technologies like Swift, React Native, Android Studio, and Node to deliver top-notch solutions.

Axon Active

Axon Active, originally founded in Switzerland, expanded its operations to Vietnam in 2008. The company provides AXON Networks, which features a cutting-edge, AI-driven orchestration platform and a comprehensive selection of next-gen high-speed routers that incorporate the latest Wi-Fi technologies. These advanced solutions enable Internet Service Providers (ISPs) to monitor and troubleshoot their networks in real-time, significantly enhancing the customer experience.

CMC 

Since its founding in March 2017, CMC Global, a subsidiary of CMC Corporation, has led the way in technological innovation and digital solutions. Committed to advancing technology and empowering businesses globally, CMC Global has become a prominent force in the IT sector, forming strategic partnerships with international businesses and governments to strengthen its presence in key markets, including APAC, Japan, Europe, and the United States.

Headquartered in Vietnam with a solid international presence, CMC Global serves thousands of clients across diverse industries, from government, education, and financial services to healthcare, retail, media and entertainment, and technology. This broad industry expertise positions CMC Global as a trusted partner in supporting the digital transformation journeys of organizations worldwide.

SETA International

SETA International, a Vietnam software company with a workforce of 400 employees, serves over 500 clients globally. The company specializes in software development, cloud services, website creation, and mobile application development, delivering comprehensive digital solutions across various sectors.

MISA JSC

MISA is known as the leading company in Vietnam providing comprehensive SaaS (Software-as-a-Service) digital transformation solutions with nearly 60 products and applications for 350,000 customers including government agencies, enterprises, and business households. MISA is considered one of the companies in the top 10 strong brands in Vietnam in the technology sector.

Amaris

Amaris is a leading software outsourcing and technology consulting firm in Vietnam, part of a global network of over 7,600 experts across 60+ countries. Known for its strong expertise in telecommunications, media, entertainment, and consumer retail, Amaris also serves over 1,000 clients worldwide. With a decade of experience in major projects spanning financial services, transportation, healthcare, and technology, Amaris delivers comprehensive solutions tailored to meet diverse industry needs—making it one of Vietnam’s top outsourcing providers.

FSI Technology Development and Trading Investment JSC

FSI is a leading player in the region, specializing in the application of cutting-edge technologies such as Big Data, Artificial Intelligence (AI), Machine Learning, Deep Learning, and Robotic Process Automation (RPA). The company’s expertise allows it to cater to a diverse range of industries, helping clients harness the power of data and automation to achieve their strategic objectives. 

CITEK Technology JSC

Citek is a consulting and implementation enterprise of comprehensive digital transformation solutions ERP (Oracle NetSuite & SAP) for SMEs and Enterprises, specialized solutions such as MES (Manufacturing Execution System), Data Collection, CRM, Data Warehouse, Business Planning, Business Intelligence, developing Web and App applications. Citek was recently honored at the TOP 10 VIETNAMESE IT ENTERPRISES 2021 Award, SAO KHUE Award 2021 and Sao Vang Dat Viet Award 2021.

Tinhvan Technologies JSC

Officially founded in 1997 as the Network Experimenting Laboratory (Netlab), Tinhvan Technologies Jsc has grown over 25 years into a leading industry player, receiving numerous awards from the Vietnam Computing Association (VCA) HCMC Computing Association (HCA), and Vietnam Software Association (Vinasa). The company specializes in developing software products and information systems for government and education sectors, while also offering ERP and HRM consulting for enterprises. Additionally, Tinhvan provides software outsourcing services, creates online and mobile applications, and develops e-book technology, showcasing its commitment to innovation and excellence.

PowerGate Software

PowerGate Software, based in Vietnam, is a global software product studio boasting over ten years of collective industry experience. They leverage cutting-edge technologies to drive transformation in their clients’ businesses.

With expertise spanning various sectors, including healthcare and fintech, PowerGate employs a team of over 250 specialists. To date, they have successfully completed more than 200 projects for clients around the world, achieving an impressive satisfaction rate of 96%.

KMS Solutions

KMS Solutions is a multinational corporation focused on custom software development, with offices in key locations such as New York City, Ireland, Germany, Belarus, and Vietnam. Since its establishment in 1997, the company has built a team of around 200 professionals, delivering services to a diverse clientele that includes both emerging startups and Fortune 500 companies.

Kyanon Digital

Kyanon Digital is a mobile application development company with over a decade of experience and offices in Ho Chi Minh City, Vietnam, and Singapore. With a team of more than 300 technology experts, they provide a range of services, including mobile app development, e-commerce solutions, custom software development, and enterprise app modernization.

ENOUVO IT SOLUTIONS

ENOUVO IT Solutions established in 2011 as a firm specializing in mobile application development. After 10 years, the company has expanded its offerings to include scalable web and mobile solutions, product design, digital branding, marketing, and more. Its headquarters are located in Da Nang, Vietnam.

See more: TOP 5 JavaScript Development Companies in Vietnam

BRAVO Software JSC

BRAVO Software Joint Stock Company specializes in the research, development, and deployment of IT software systems for production and business management, aimed at enhancing operational efficiency for enterprises and social organizations. Its key products include accounting and financial management software, as well as Enterprise Resource Planning (ERP) solutions. 

BRAVO stands out due to its deep understanding of the Vietnamese accounting system and the managerial needs of local enterprises, combined with extensive experience in software implementation. This expertise enables BRAVO to deliver tailored solutions that meet the specific requirements of its clients.

Summary 

This article has presented the top software development companies in Vietnam. With a diverse range of agencies offering various technologies and solutions, it's easy to find a reliable partner for your project. Each company has unique strengths in service implementation, domain expertise, and tech stack, so it's important to choose one that fits your specific needs. Vietnam’s growing tech industry provides ample options for high-quality software development. 

If you’re unsure about how to choose the right vendor, you can refer to the article Outsourced IT Services for Small Businesses: Providers and How to Choose for guidance on key selection criteria.

"CEO and co-founder of MOR Software JSC, holds a degree in Information Technology from Hanoi University of Science and Technology. He is an experienced IT professional with software outsourcing, networking, and database management expertise."

Vu Van Tu

CEO

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