Top 10 Software Development Companies in Vietnam
Vietnam’s Information and Communications Technology (ICT) sector has an average yearly growth of 9.8% for the last five years with annual revenue of $110 billion in 2019, a 14% contribution to the country’s GDP. Thanks to its growing IT infrastructure, improving logistics and regulatory environment, and business-friendly economic reforms – it is now emerging as an outsourcing destination in the Asia-Pacific region. Therefore, outsourcing to Vietnam has become a strategic option for businesses wanting to cut cost on fixed headcount.
In this article, we are going to audit the state of outsourcing in Vietnam, as well as publishing a list of 10 best software development companies in Vietnam so that you have a full view of why and how you can hire software development services in this competitive market.
1. Why Would You Outsource To Software Development Companies?
During this pandemic, businesses across the world are cutting down on local staff. Some are deferring their planned IT projects until a more stable time, and some are canceling projects indefinitely. The savior for all such companies is IT outsourcing with reasonable cost.
Outsourcing is a business practice in which certain company functions are assigned to outside service providers rather than performed in house. In other words, a company seeks external help or support to perform some of its business activities so it can stay focused on core business goals while saving time and money. In today’s tough scenario, businesses can survive through software outsourcing services – and some businesses might even be able to come out of this pandemic doing well.
The outsourcing industry has been an integral partner in companies’ crisis responses across sectors. Offshore software outsourcing development to another country such as Vietnam is a smart decision that companies should consider to maximize their productivity in a cost-effective manner. This proven approach has led to many successful projects, as it allows a business to focus on its core competencies. It should be used as a strategy that can really boost a business.
- Cost savings: Outsourcing can often be a more cost-effective option than hiring and maintaining in-house staff. By outsourcing certain tasks, companies can reduce expenses associated with salaries, benefits, training, and infrastructure.
- Access to specialized expertise: This allows organizations to tap into specialized skills and knowledge that may not be available internally. By outsourcing to experts in a particular field or industry, companies can benefit from their experience and ensure high-quality work.
- Focus on core competencies: By outsourcing non-core functions enables companies to concentrate their resources and attention on their core competencies. By delegating peripheral tasks to external service providers, organizations can allocate more time and energy to strategic activities that directly contribute to their competitive advantage.
- Increased efficiency and flexibility: Outsourcing can provide greater flexibility in resource allocation. External vendors can often scale their operations up or down quickly to meet changing business demands. This agility can help organizations adapt to market fluctuations and manage workload fluctuations more effectively.
- Time savings: The benefits of having external helps allows businesses to offload time-consuming tasks to external providers, freeing up internal resources to focus on essential activities. This can lead to increased productivity and faster turnaround times.
- Risk management: Outsourcing can help mitigate certain risks associated with specific functions. For example, by outsourcing IT security to a specialized firm, organizations can enhance their data protection measures and reduce the risk of cyber threats.
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2. Vietnam – Ideal Destination For Offshoring
1. Pandemic Stabilization
Recognizing that its medical system would soon become overwhelmed by even mild spread of the virus, Vietnam chose prevention early and on a massive scale. The country reported one of the least cases in Southeast Asia with minimal deaths. We are also featured in various reputable newspapers for our relentless efforts and successful pandemic countermeasures. This has given businesses based in Vietnam a head start over global competitors at this time.
Update 16/5/2022:
- Over 80% of Vietnam’s population has been fully vaccinated.
- Vietnam has dropped the Covid-19 test requirement for foreign arrivals from May 15
- The recovery rate is 87.5%, while the Fatality rate is only 0.4%
2. Cost-Effectiveness
According to Innotech, outsourcing software development in Vietnam costs 50% less than the rivals from India and China. Anderson Vietnam also estimates that outsourcing per person in Vietnam is only $20,000 per person a year compared to $40,000 per person in India. These figures are convincing enough to place Vietnam as the top future contender for offshore development projects.
As Indian companies enter the maturing cycle, the cost differential between India and Vietnam will increase even further. The outsourcing costs in India are most likely to increase in the coming years.
3. Potential Workforce
Human capital in Vietnam is witnessing positive trends. Some of the most notable highlights in Vietnam IT workforce in recent years are:
- Top 7 countries in Asia with the highest EF EPI Average.
- Top 5 countries in Asia with the fastest improvement in English skills.
- Top 10 countries in the world with the most engineering graduates.
- Top 10 countries of origin of international students in key study-abroad markets.
- Top 10 countries in Asia Pacific with the highest Human Capital Index.
- Top 10 in regional groups in global attraction and global knowledge skills.
- Top 30 countries in the world and top 2 in SEA countries for basic academic skills.
Moreover, Vietnam has a population of over 90 million people and over 60% of the population is under 30 years of age. With that being one of the countries with a young population, the Vietnamese – or Vietnamese workforce specifically – are perceived to be fast learners, dynamic, innovative, tech-savvy and flexible to changes.
4. Knowledge & Skills
As the surge of technology is making a significant impact on every generation, more and more STEM majors, schools and academies are opened to encourage the young to invest their talents in technology and relevant sectors and hone their skills. The rapid development in both quantity and quality of IT education in Vietnam provides an extensive supply of software developers for Vietnam outsourcing companies in the years to come.
On the other hand, Vietnam students are often appraised for their fast absorption of knowledge, most of them have good to excellent academic background as certified by standardized exams, endorsements from global recruiters, honours and awards.
5. Vietnam’s Developers Ranking
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Skillvalue 29th worldwide in developer skills charts of skillvalue’s report 2018 |
Topcoder Top 6 worldwide in developer skills charts of topcoder report 2016 |
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Hackerrank 23rd worldwide in developer skills charts of hackerrank’s report 2016 |
AI Development The first two scientific researches at neurips – top 1 conference in the world about artificial intelligence in canada from artificial intelligence research lab vinai research |
Workers in Vietnam have extensive English language training. Because the majority of the software engineers you’ll be hiring are college graduates, they’ll have attended English classes throughout the years and will most likely be fluent in English already.
With that said, it is considerably easier to outsource to other countries when you have solid English communication abilities. If you want to work in software engineering or business process outsourcing, you should have excellent communication skills.
3. Top 10 Software Development Companies In Vietnam
A glance back at 2021 from Savvycom Team
Many organizations would be unable to increase their efficiency and achieve the desired level of satisfaction without software development companies’ assistance and technological expertise. With the ever-increasing technical demands, it’s critical to choose the right company to guide you through the process and help you find the best solutions. Here are some of the top software development companies in Vietnam in 2021 that will find the most cost-effective ways to achieve their objectives:
1. Savvycom
Savvycom is one of the leading software development companies in Vietnam, specializing in providing digital transformation consulting services and software solutions in finance, healthcare, and retail for domestic and international businesses. Headquartered in Hanoi and with three representative offices located in Ho Chi Minh City, USA, and Australia, the company’s mission is to leverage engineering resources in Vietnam and empower businesses worldwide by utilizing the power of technology, becoming a leading IT company in the ASEAN region and beyond.
The company’s successes are reflected in its 100+ endorsements from clients, including Fortune 500 companies, in its receipt of more than 20 international honors and awards, and in its strategic partnerships with technology brands such as Apple, AWS, and Microsoft.
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Services:
- Offshore Software Development
- IT Outsourcing Trends Softwares
- Custom Software Development Services
- Digital Banking Solution
- QA Outsourcing & Software Testing
- Healthcare IT Solutions
- Web Application Development Services
- Cloud Migration Services
- Mobile App Development Services
- Offshore Software Testing Services
- AI Development Service
2. Saigon Technology
As a company with a strong foothold in the international IT market for 10 years, Saigon Technology has always been the most mentioned name whenever it comes to searching for software outsourcing companies in Vietnam. An important part of making this company so popular with international visitors is also because it is ranked highly in the list of 15 Best Software Companies in Vietnam by the Vietnam Software Association, along with prestigious international certifications such as ISO27001 and Certificate of Excellence in IT Development Outsourcing, by the Vietnam Software Association in May 2019.
Saigon Technology is a well-established Agile software outsourcing business in Vietnam with a mature software development process and a strong track record of returning clients from all over the globe, mostly in Europe, Australia, Singapore, and North America. Clients rely on Saigon Technology for high-quality and professional application development, web development, mobile application development, and offshore software outsourcing services.
Services:
- Offshore Software Development
- Custom Software Development
- Software Outsourcing Services
- Web Application Development
- Cloud Migration Services
- Mobile App Development
- Offshore Software Testing Services
- AI Development Service
- Software QA Testing
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3. KMS Technology
KMS Technology is a U.S.-based engineering and services firm with development centers in Vietnam, founded in 2009. International clients rely on KMS Technology because of the high quality of its products and the expertise of its Vietnamese engineers.
KMS is dedicated to making a long-term social impact by partnering with non-profit organizations that provide fair and better employment opportunities for disadvantaged students. In Vietnam, the company collaborates with universities regularly, participates in IT training activities and specialized events, and sponsors scholarship programs.
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4. Rikkeisoft
Rikkeisoft provides software services and solutions for clients worldwide, ranging from Web/Cloud Systems, Mobile Applications, Games, and Blockchain to AI, IoT, Business Processing, and Embedded Systems. Eight years after being founded in 2012, they have successfully established three branches around Vietnam and three affiliated companies. They take pride in our mission of building better lives through advanced technology for people. Their vision is to have 10,000 employees by 2025 and become one of the top Vietnamese software development companies in Southeast Asia.
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5. Positive Thinking Vietnam
Positive Thinking Company is a global independent tech consultancy group with a team of more than 3,500 talented tech specialists on the ground in over 35 cities across Europe, the USA, Asia, Australia, and Africa, they serve clients of all sizes. They believe collaboration betters our world. Their unique open ecosystem model allows us to deliver end-to-end tech solutions. Their services draw on a wide array of expertise, including apps & platforms, security, cloud, data & analytics, hyper-automation, and digital workplace.
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6. CMC Global
CMC Global is a subsidiary of CMC Corporation with the goal of bringing Vietnamese ICT products, solutions, and services to the international market. We are proud to be the leading company in Vietnam in providing a wide variety of comprehensive IT Solutions & Services, ranging from traditional services to Digital Transformation, as well as Consultancy, to organizations worldwide, having been established in March 2017 as a strategic move by the Corporation to enter the global stage.
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7. Tpp Technology
In Viet Nam, TP&P is one of the leading, highly diversified, and pioneering IT service providers and investment management firms. TP&P applies its extensive experience and specialized knowledge to various technology startup investment and service provision strategies, including software development, development and cloud management, and business consulting.
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8. Smart OSC
SmartOSC is a full-service e-commerce agency that was founded in 2006. Lotte, Courts, PayPal, Boozt, SpaceX, Smartbox, eWAY, Priceline Pharmacy, Club 21, Delta Apparel are among the company’s more than 500 global clients. SmartOSC has a global presence with 500+ employees and offices in Vietnam, Australia, Singapore, the United States, and the United Kingdom as of January 2017.
SmartOSC provides consulting, UI/UX design, development, and managed services, among other things. The technical and business expertise of the company is based on a few platforms: Magento, Sitecore, Adobe, Hybris, and Kentico.
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9. NashTech Vietnam
NashTech strives to create a nurturing environment that facilitates the growth of our employees, professionally and personally. They put effort, determination and ambition into creating a second home for their employees, where everyone is encouraged to be their most authentic self.
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10. Orient Software
Orient Software began operations in 2005. Orient is currently one of the leading software development companies in Vietnam. Orient’s strong team of 315 skilled and experienced IT experts collaborate to provide software development solutions to clients with small to corporate-sized businesses worldwide after more than 15 years of providing professional IT solutions.
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Savvycom – Your Trusted Tech Partner
From Tech Consulting, End-to-End Product Development to IT Outsourcing Services! Since 2009, Savvycom has been harnessing the power of Digital Technologies that support business’ growth across the variety of industries. We can help you to build high-quality software solutions and products as well as deliver a wide range of related professional services.
Savvycom is right where you need. Contact us now for further consultation:
- Phone: +84 24 3202 9222
- Hotline: +84 352 287 866 (VN)
- Email: [email protected]
