10 Best Software Outsourcing Companies Based in Vietnam
Vietnam is one of Asia’s most frequent outsourcing destinations. Because of quality, cost-effectiveness, and quick turnaround times, Vietnam software outsourcing companies are increasingly sought after by businesses worldwide. If you’re exploring the possibility of outsourcing your software development projects, Vietnam offers a compelling proposition. Let’s delve into the reasons why you should consider partnering with a Vietnamese software outsourcing company.
Why Should Businesses Consider Working With Vietnam Software Outsourcing Company?
Vietnam’s ICT industry has been expanding its position in the global software outsourcing landscape. With a strong emphasis on technology and innovation, the country’s ICT industry, particularly software exports, has experienced significant growth over the past decade.
Since the introduction of IT outsourcing services around 15 years ago, Vietnam software outsourcing has become a preferred destination for businesses seeking high-quality, cost-effective software solutions. This is evidenced by its ranking as Japan’s second-largest partner in software development and service outsourcing from 2014 onwards.
The Global Services Location Index 2021 further underscores Vietnam’s emergence as a digital hub, recognizing its strengths in financial attractiveness, talent pool, business environment, and digital resonance.
The impressive growth is reflected in the figures:
- ICT export is estimated to be $91.5 billion: Software export turnover: $3.5 billion, projected to increase by at least 5% in 2021
- Software and IT services revenue: $11 billion (according to the Vietnam Software and IT Services Association)
These statistics highlight the significant contribution of Vietnam’s software industry to the country
Vietnam's IT Market Expansion Rate
Vietnam’s Ministry of Information and Communications reported that the ICT industry generated an estimated revenue of $112.35 billion in 2019, with exports contributing a substantial 81.5% to this figure.
In 2020, Vietnam unveiled its “Make in Vietnam” policy, aiming to foster the growth of digital technology enterprises. This initiative has led to a 28% increase in the number of such enterprises, now estimated at around 60,000.
These enterprises are focusing on key areas like e-commerce, fintech, ride-hailing, food delivery, EdTech, healthcare, AI, machine learning, and blockchain. By aligning with global trends, Vietnam is well-positioned to meet the evolving demands of the international market, particularly in the realm of IT outsourcing services.
Plentiful IT Human Resources
Vietnam, like many other countries, faces a talent shortage, but its current IT workforce and the steady stream of graduates from training institutions offer a promising outlook for the industry’s growth.
Key figures highlighting this trend include:
- An estimated 400,000 IT specialists are currently employed across various sectors in Vietnam.
- Annually, around 50,000 students graduate from IT training programs.
- A significant portion (53%) of the IT workforce has between one and three years of experience. Despite their relative youth, a notable number of these engineers possess Senior or Lead-level skills.
Language Skill for Software Development in Vietnam
Vietnam’s commitment to international standards is evident in its requirement for IT graduates to achieve at least a B1 level of English proficiency on the Common European Framework of Reference (CEFR). For advanced programs, a B2 level is mandatory. This focus on language proficiency has equipped Vietnamese IT engineers with the essential communication skills to collaborate effectively with global clients and access international knowledge and resources.
A significant portion of the IT workforce demonstrates strong English language skills:
- 90% of IT workers are proficient in English conversation.
- 67% possess intermediate or advanced English proficiency.
- 23% have a foundational understanding of English.
Cost Optimize
Vietnam has emerged as a top destination for businesses seeking cost-effective and high-quality software outsourcing services. Compared to regions like Eastern Europe and North Africa, Vietnam offers a significant cost reduction of up to 40%.
Furthermore, Vietnam stands out within the Asia-Pacific region for its competitive pricing. It ranks 12th globally, 6th in Asia, and 1st in Southeast Asia in terms of internet infrastructure costs. Vietnamese internet users typically spend around $11.27 per month on their internet connection, significantly lower than the average costs in neighboring countries like Thailand, Indonesia, Malaysia, and the Philippines.
Office lease costs in Vietnam are also notably lower, averaging around $15 per square meter per month, which is 20% less than the regional average. These factors collectively contribute to Vietnam’s attractiveness as a cost-effective outsourcing hub.
Excellent Government Policies for IT Firms in Vietnam
Vietnam’s commitment to fostering innovation and protecting intellectual property has been strengthened with the implementation of the Ministry of Science and Technology’s Intellectual Property Development Program Decision No. 2205/QD-TTg on December 24, 2020. This program aims to leverage intellectual property as a key driver of national competitiveness and economic growth.
Furthermore, the Cybersecurity Law of Vietnam introduces measures such as data localization and government oversight of internet content. While these regulations may present certain challenges, they also offer benefits to international clients by ensuring their legal protection within the Vietnamese legal framework.
These recent regulatory developments underscore Vietnam’s dedication to safeguarding technology companies and their clients, solidifying its position as a promising global hub for software outsourcing.
Vietnam’s strong IT workforce, competitive labor costs, and supportive government policies have made it an attractive destination for global enterprises seeking to outsource their software development needs.
For businesses seeking tailored software solutions, custom software development outsourcing offers a strategic approach to achieve their specific goals.
Top 10 software outsourcing companies in Vietnam
Let’s see the potential top Vietnam software outsourcing companies to keep an eye on if you decide to outsource to Vietnam.
FPT Software
One of Vietnam’s largest IT service providers, FPT Software offers a wide range of services, including custom software development, digital transformation, and system integration.
Strengths: Strong global presence, mature processes, and a focus on emerging technologies like AI and IoT.
TMA Solutions
TMA Solutions is known for its expertise in software engineering and quality assurance. They offer a range of services, including custom software development, IT consulting, and testing.
Strengths: Agile methodologies, focus on quality, and strong client relationships.
KMS Technology
KMS Technology specializes in custom software development, digital transformation, and IT consulting. They have a strong track record of delivering high-quality solutions to clients worldwide.
Strengths: Global delivery capabilities, strong technical expertise, and a focus on innovation.
NashTech
NashTech is a leading software development company with a focus on custom software development, mobile app development, and cloud solutions.
Strengths: Agile methodologies, strong technical expertise, and a focus on customer satisfaction.
Rikkeisoft
Rikkeisoft is a global IT services company with a strong focus on software development and digital transformation. They offer a wide range of services, including web development, mobile app development, and cloud solutions.
Strengths: Innovative approach, strong technical expertise, and a commitment to quality.
CMC Corporation
A leading IT services provider in Vietnam, specializing in large-scale enterprise solutions and digital transformation.
Strong technical expertise, mature processes, and a focus on large-scale projects.
Saigon Technology
Saigon Technology is a leading software development company in Vietnam with a focus on web and mobile app development. They offer a wide range of services, including UI/UX design, software testing, and DevOps.
Strengths: Innovative approach, commitment to customer satisfaction, and strong technical expertise.
Orient Software
Orient Software is a leading software development company in Vietnam with a focus on custom software development and IT consulting. They offer a wide range of services, including web development, mobile app development, and cloud solutions.
Strengths: Strong technical expertise, commitment to quality, and a focus on customer satisfaction.
SotaTek
SotaTek is a leading technology company in Vietnam, specializing in artificial intelligence, machine learning, and IoT solutions. They offer a wide range of services, including software development, data science, and cybersecurity.
Strengths: Innovative approach, strong technical expertise, and a focus on emerging technologies.
SmartOSC
SmartOSC is a leading digital commerce solutions provider in Vietnam. They offer a wide range of services, including e-commerce development, digital marketing, and cloud solutions.
Strengths: Strong expertise in digital commerce, commitment to customer success, and a focus on data-driven insights.
Alongside industry giants, SEA-Solutions is a Vietnam software outsourcing company with an impressive 18-year track record and hundreds of successful projects under its belt.
SEA-Solutions offers flexible software solutions tailored to each client’s unique needs. You’ve explored top software companies; now consider SEA-Solutions software. We offer a fresh perspective on software development, combining cutting-edge technology with a deep understanding of customer requirements.
Our team of experts crafts tailored software solutions that leverage the latest technologies to drive growth and innovation. From custom application development to cloud migration, we provide end-to-end services that exceed your expectations.
About SEA-Solutions - a Vietnam software outsourcing company
SEA-Solutions is a bespoke software development and outsourcing company. With over 18 years of experience, we have successfully delivered projects for clients across Australia, North America, Southeast Asia, and Vietnam, spanning industries such as education, finance, real estate, retail, e-commerce, and securities,…
We specialize in software development include:
Web Application Development
SEA-Solutions specializes in developing enterprise-grade web applications using the latest technologies such as .NET, Java, PHP, and Node.js.
Mobile Application Development
SEA-Solutions specializes in creating mobile applications using cutting-edge technologies, including iOS, Android, and hybrid Flutter.
Product Customisation
We provide specialized product customization services, focusing on platforms such as Microsoft Dynamics and WordPress, along with the Microsoft Power Platform.
Blockchain, IoT service
SEA-Solutions offers a comprehensive suite of services, including blockchain and IoT development. We specialize in creating innovative solutions that leverage the power of these emerging technologies.
Cloud services
SEA-Solutions provides cloud solutions utilizing leading platforms such as AWS, Azure, and Google Cloud Platform.
Software services
SEA-Solutions provides software services software, including testing and maintenance services.
SEA-Solutions offers a unique approach to software development. Unlike large software vendors that provide one-size-fits-all solutions, we create custom software solutions that are tailored to your specific business requirements. Our commitment to flexibility, scalability, and customization, combined with our 18 years of industry experience, sets us apart from the competition.