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28 Jul 2025
Huong Nguyen
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Vietnam’s technology industry has surged in recent years, becoming one of Southeast Asia’s fastest-growing tech hubs. The country’s digital economy is expanding by over 20% per year, outpacing its regional peers (Vietnam News, 2025). Strong government initiatives, extensive tech infrastructure investments, and a booming startup scene have all contributed to Vietnam’s rise in the global tech arena.
Today, Vietnam is home to thousands of software companies and digital service providers, many of which are recognized globally for their innovation. In this article, you will find:
Vietnam’s ICT sector is a major driver of economic growth. In 2024, the revenue of the ICT industry reached approximately US$169.3 billion, representing a 11.4% increase from the previous year (Vietnam News, 2025). As of early 2025, Vietnam has over 75,000 digital technology companies, including approximately 27,600 ICT firms, with more than 1.5 million people employed in the sector (Vietnam News, 2025; Vietnamnet, 2025).
Fueled by this momentum, the Vietnamese Government has aggressively promoted digital transformation across all industries. For example, Vietnam National Digital Transformation Program, established in 2020, aims to digitize public services and develop advanced technologies by 2025 (ICT Vietnam, 2020). This favorable climate has attracted significant foreign investment and encouraged local innovation. Industry analysts note that Vietnam is “poised to become a leading player in digital transformation, driven by increasing demand for advanced ICT infrastructure” (Vietnam Briefing, 2025).
Furthermore, Vietnam benefits from a large young workforce and a strong talent pipeline. Approximately 84,000 new IT graduates enter the Vietnamese labor market each year (NTQ, 2025). Universities partner with global tech giants (Google, Microsoft, Nvidia) to keep curricula current, producing graduates skilled in software engineering, AI, cybersecurity, and related fields (Vietnam News, 2025).
Meanwhile, Vietnam has invested heavily in digital infrastructure – expanding high-speed internet and building modern data centers (including new hyperscale cloud centers) to support AI, IoT, and big-data applications (Vietnam News, 2025).
All of these trends make Vietnam an attractive destination for outsourcing and technology services. Its position as a cost-competitive alternative to China or India has led many international businesses to partner with Vietnam software development companies for digital projects.
In summary, Vietnam’s tech landscape today is characterized by rapid digitalization, strong government support, and an entrepreneurial spirit. The companies listed below – from established multinationals to fast-growing startups – are at the forefront of Vietnam’s digital economy. They span services such as custom software development, enterprise IT consulting, cloud and AI solutions, and have contributed significantly to Vietnam’s IT services and software exports.
Vietnam’s emergence as a leading hub for software and IT services outsourcing is a compelling narrative of strategic development and rapid adaptation. The nation’s software and IT services industry is experiencing unprecedented growth, driven by a confluence of factors that make it an increasingly attractive destination for businesses seeking:
The Vietnam digital economy is the fastest-growing in Southeast Asia. In 2024, e-commerce sales topped US$25 billion, and cashless transactions leaped over 50% year-on-year. Government policies have also elevated Vietnam’s e-government rankings (it moved into the “very high” category globally) and spurred nationwide tech adoption. This creates a large domestic market for the products and services of tech firms. (Vietnam News, 2025)
One of Vietnam’s most significant assets in the software and IT services outsourcing sector is its rapidly expanding and highly skilled talent pool. Indeed:
Vietnamese tech firms offer competitive pricing relative to Western markets while adhering to high standards.
The Vietnamese government has launched national strategies for emerging technologies.
At the same time, regulators have streamlined IT infrastructure – auctioning 5G spectrum, laying subsea cables, and vastly expanding fiber-optic coverage. By June 2025, all government documents must be digital, reflecting a comprehensive “digitization of government” agenda. These measures ensure Vietnamese tech companies operate in a forward-looking, tech-friendly environment. (Vietnam News, 2025)
Vietnam’s startup scene is booming. In 2024, Vietnam had more than 4,000 startups (VnEconomy, 2025). There is a growing number of tech incubators and accelerators in Hanoi and HCM City. This startup culture fosters innovation in AI, Blockchain, Fintech, IoT, and more, often collaborating with or spinning out from the major tech companies listed below. For international investors and enterprises, this means continuous innovation and a pipeline of cutting-edge solutions originating from Vietnam.
In summary, Vietnam is a prime IT outsourcing hub due to:
All of these make Vietnam an optimal choice for global businesses seeking high-quality IT partnerships in Southeast Asia.
FUJINET SYSTEMS
Vietnam’s journey to becoming a global software and IT services outsourcing hub is far from over; in fact, it is poised for even greater heights. The trends observed over the past decade, coupled with strategic national initiatives and the inherent dynamism of Vietnam’s technology companies, paint a promising picture for the future of the country’s IT services industry.
The continuous growth of Vietnam’s digital economy, driven by widespread digital adoption across industries, remains a primary catalyst. The government’s unwavering support through favorable policies and infrastructure development provides a stable and conducive environment for technological innovation. Crucially, the burgeoning talent pool, characterized by a young, skilled, and adaptable workforce, ensures a sustainable supply of expertise.
Furthermore, the increasing specialization of Vietnamese software and IT services outsourcing companies in advanced domains, such as AI, Cloud Computing, and Data Analytics, along with their growing global collaboration, signifies a maturing and highly competitive industry.
The opportunities for further growth are immense. As global businesses increasingly seek reliable and cost-effective technology partners, Vietnam stands out as an attractive destination. The demand for digital transformation solutions continues to accelerate worldwide, creating a vast market for Vietnam software and IT services outsourcing companies. There is significant potential for increased foreign direct investment (FDI) in the ICT sector, which will further fuel innovation and expand capabilities.
Moreover, the focus on developing new technological domains, such as blockchain, cybersecurity, and advanced robotics, presents avenues for Vietnamese companies to diversify their offerings and capture new market segments. The country’s strategic geographical location within Southeast Asia also positions it as a gateway to regional markets, fostering greater cross-border technological collaboration and expansion.
While the outlook is overwhelmingly positive, certain challenges warrant attention. Talent acquisition and retention, particularly for highly specialized roles, remain a competitive landscape. Ensuring that the educational system continues to produce graduates with skills aligned to rapidly evolving industry demands is crucial. Maintaining a competitive edge in a globalized market requires continuous investment in research and development, as well as adapting swiftly to new technological paradigms.
Furthermore, navigating global economic fluctuations and geopolitical shifts will require resilience and strategic foresight from Vietnam software and IT services outsourcing companies.
Despite these challenges, Vietnam’s IT services industry is on an undeniable upward trajectory. The collective efforts of its leading companies, supported by a proactive government and a vibrant talent ecosystem, are transforming Vietnam into a significant global player in the digital economy.
As these digital architects continue to innovate and expand their reach, Vietnam is set to solidify its position as a premier destination for advanced IT services, contributing substantially to global technological progress and fostering a new era of digital collaboration.
In conclusion, the landscape of IT services in Vietnam is characterized by remarkable dynamism and innovation, driven by a cohort of leading companies that are not only transforming the domestic digital economy but also making significant contributions on the global stage. From the expansive reach to the specialized expertise of NTQ, FUJINET SYSTEMS, GMO-Z.com RUNSYSTEM, KMS Technology, NashTech, Rikkeisoft, TMA Solutions, VMO Holdings, VTI, and Luvina Software, these organizations collectively represent the pinnacle of Vietnam’s technological prowess.
These digital architects are distinguished by their commitment to cutting-edge solutions, their ability to navigate complex technological challenges, and their unwavering focus on client success. They embody the spirit of innovation, leveraging advanced technologies like AI, Cloud Computing, and data analytics to deliver impactful solutions across diverse industries. Their growing global footprints and strategic partnerships underscore Vietnam’s increasing prominence as a reliable and competitive provider of high-quality IT services.
As Vietnam continues its ascent in the global digital arena, these Vietnam software and IT services outsourcing companies will undoubtedly remain at the forefront, driving technological advancements, fostering a skilled workforce, and contributing to the nation’s economic prosperity. Their collective efforts solidify Vietnam’s reputation as a premier destination for businesses seeking robust, innovative, and cost-effective technology solutions. The future of IT services in Vietnam is bright, promising continued growth, innovation, and an ever-expanding role in shaping the global digital landscape.
No.
Companies
1
2
GMO-Z.com RUNSYSTEM
3
KMS Technology
4
Luvina Software
5
NashTech
6
NTQ
7
Rikkeisoft
8
TMA Solutions
9
VMO Holdings
10
VTI
Revenue
US$160 million
US$50 million
US$36.13 million
US$39 million
US$25 million
US$20.22 million
US$19.887 million
US$13.9 million
US$12.33 million
No information
Number of employees
4,000
1,800+
1,704
1,300+
1,200
1,099
900+
750
700
Discover the top 10 Vietnam software and IT services outsourcing companies in Vietnam offering world-class software development, digital transformation, and global IT services.
By Huong Nguyen , 28 Jul 2025