In recent years, Vietnam has garnered significant attention as a burgeoning hub for IT outsourcing, with its rapidly expanding technology sector and a highly skilled workforce. This comprehensive overview delves into the top IT outsourcing companies in Vietnam, offering insight into their expertise, services, and the pivotal role they play in the global outsourcing landscape.
From software development to web design and digital transformation, these companies are at the forefront of delivering cutting-edge solutions and services that have propelled Vietnam into the spotlight as a preferred destination for businesses seeking cost-effective, high-quality IT outsourcing solutions. This overview provides a closer look at the key players driving Vietnam's IT outsourcing success.
1. Why Choose IT Outsourcing Companies in Vietnam?
a. A large pool of educated IT engineers
Vietnam's educational system places a strong emphasis on STEM subjects, particularly IT, resulting in a consistent supply of highly skilled IT professionals proficient in English and versed in global business practices.
Vietnam boasts a youthful population with a fervor for education, providing a robust talent pool. With almost 100 million citizens, over 53% under the age of 35, and a median age of 32.8, Vietnam harnesses its demographic strength to fuel its thriving IT sector. Annually, Vietnam produces approximately 480,000 IT engineers across 153 educational institutions, according to TopDev's findings.
The Ministry of Information and Communications (MIC) revealed that Vietnam was home to 70,000 digital tech firms in 2022, signifying a 9.6% growth from the previous year. Additionally, the Vietnamese labor force exhibits lower turnover and greater stability than many other outsourcing-active nations. IT-related turnover rates in Vietnamese companies are typically less than 5%, in stark contrast to other countries like India, where turnover can exceed 10%.
b. Attractive cost
In Vietnam, labor costs are 90% lower than in the U.S., 50% less than in China, and 30% lower than in India, providing more resources for development. According to MarketsInsider, Vietnam was ranked 5th in the list of "Best countries to outsource to in the World in 2019."
c. Communication and working culture
Vietnam is ranked 29th on EF Education First's English Proficiency Index, placing 5th in the Asian region. The presence of numerous English educational institutions in Vietnam facilitates student mobility and international collaboration in the workforce, ensuring that language and communication need not be a barrier when engaging with a Vietnamese software outsourcing company.
Furthermore, the Vietnamese community is highly adaptable and open to embracing changes for improvement. Rapid adjustments with short notice are not uncommon in the country's business environment, particularly within small companies and organizations.
d. Business environment
Vietnam's policies have created a favorable and welcoming environment for foreign investment. The country's success in containing the Covid-19 pandemic, coupled with the Free Trade Agreements (FTAs) signed with the EU in 2019, has attracted a significant influx of investment from global technology and manufacturing giants. Notable examples include Apple, Canon, Microsoft, Nokia, Intel, LG, and Samsung. Furthermore, tech companies from Japan, such as Sharp, Nintendo, and Komatsu, and from Hong Kong, like Lenovo, are also planning to establish a presence in Vietnam for manufacturing.
2. Top 5 IT Outsourcing Companies in Vietnam
SotaTek is a Five-star rated Software Development Company, with the largest number of Blockchain experts in Vietnam and even the Southeast area. SotaTek now has 12 offices in Vietnam, Japan, Australia, South Korea, and the US to seamlessly provide IT services for customers worldwide.
SotaTek has a strong base in Blockchain, Web/ App Development, CRM services, IoT, and AI & Machine Learning. After 8+ years of establishment, there are 1200+ employees who are the leading IT consultants and developers in Vietnam. SotaTek successfully delivers IT services to our Clients from over 25 countries worldwide, and especially having more than 500 projects in different industries, such as Finance, Healthcare, Retail, Real Estate, Education, Media & Entertainment.
In only 8 years, we are proud to achieve many prestigious awards, such as the Top 10 Blockchain Services Provider 2021 & 2022, Five-star Software Development Services, and Excellent Software Development Services - Sao Khue Award, and several recognitions from Clutch, GoodFirms, etc.
b. FPT Software
FPT Software, a subsidiary of FPT Corporation, the prominent ICT Group in Asia, is a global technology and IT services provider headquartered in Vietnam. In 2022, FPT Software achieved a remarkable $803 million in revenue, a testament to its size and level of development.
The company offers a wide range of outsourcing solutions and services, encompassing Blockchain, Internet of Things, RPA, Cyber Security, Application services, SAP, AI, and more. Beyond its diverse services, FPT Software boasts a global presence, with employees and software development teams in 28 countries, serving IT outsourcing needs worldwide. Over the past 24 years, FPT Software has been a trusted partner in the digital transformation journeys of numerous global clients across various industries.
c. KMS Technology
Next on the list of IT Outsourcing Companies in Vietnam is KMS Technology. This company provides software development, testing services, and high-level technology consulting to assist businesses in expediting their product's time-to-market. KMS Technology adopts a customer-centric approach, striving to drive innovation within organizations by aiding in the modernization of existing systems or the realization of new software concepts. From ideation to implementation, KMS will assist every step of the way.
d. CMC Global
When it comes to IT outsourcing solutions, CMC Global stands out as one of the leading software outsourcing companies in Vietnam, offering a wide array of highly customized and top-quality services. From Cloud Migration and Custom Software Development to RPA Service Implementation and Cloud Service Management, CMC Global has established a remarkable track record with many successful projects of varying scopes.
With a dedicated workforce comprising more than 2500 skilled IT professionals, CMC Global is positioned to be the ideal partner for large-scale software development projects, ensuring your business benefits from their expertise and commitment to excellence.
Established in 2012, Rikkeisoft is a leading provider of technology resources & services for the US, Europe, and Asia-Pacific (APAC) region. For 10+ years, Rikkeisoft has been helping businesses & technology partners modernize processes, create lasting software & accelerate digital transformation.
Rikkeisoft brings together a talent pool of over 1,600 IT consultants and developers who pool their profound expertise to provide top-notch IT services to global clients. Their diverse service offerings encompass software development, web development, mobile app development, cloud services, blockchain development, and more.
In summary, this comprehensive overview of the top IT outsourcing companies in Vietnam underscores the nation's emergence as a pivotal player in the global technology outsourcing landscape. These companies' exceptional technical competence, dedication to innovation, and customer-centric approach have solidified Vietnam's reputation as a premier outsourcing destination. With a skilled workforce, cost-effective solutions, and a commitment to quality, these firms provide businesses worldwide with the ideal partners for realizing their digital ambitions, reaffirming Vietnam's pivotal role in shaping the future of IT outsourcing.
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