In 2024, Vietnam will advance in the IT outsourcing industry, ranking 7th globally. The global market is expected to reach $410.2 billion by 2027. Vietnamese IT companies will see more opportunities as the US and EU markets increase spending.
With a skilled workforce and modern infrastructure, Vietnam’s demand for customer support, data entry, and software development is growing. This overview highlights top IT outsourcing companies in Vietnam, showcasing their expertise and positioning Vietnam as a preferred destination for cost-effective, high-quality services.
Why Choose IT Outsourcing Companies in Vietnam?
Location
Vietnam’s strategic location in Southeast Asia situates it close to major IT markets such as Singapore, Hong Kong, South Korea, and Australia. This proximity makes Vietnam an appealing choice for clients from both America and Europe.
Cost-Competitive Labor
In Vietnam, labor costs are significantly lower than in many other countries: 90% less than in the U.S., 50% lower than in China, and 30% less than in India, offering more resources for development. 2019, MarketsInsider ranked Vietnam 5th in the “Best countries to outsource to in the World in 2019.”
Cultural Affinity
Vietnamese culture aligns well with Western nations, promoting seamless workflows and effective communication between Vietnamese IT professionals and their international counterparts.
Government Support
Vietnam’s effective containment of the Covid-19 pandemic, along with the Free Trade Agreements (FTAs) signed with the EU in 2019, has led to a surge in investments from global tech and manufacturing giants. Major companies like Apple, Microsoft, Intel, Samsung and NVIDIA have made significant investments.
Growing Tech Talent
Vietnam’s education system emphasizes STEM subjects, fostering a workforce known for its strong work ethic, dedication, and adaptability. With nearly 100 million people, over half under 35, and a median age of 32.8, the country leverages its youthful demographic to boost its IT sector. Additionally, IT-related turnover rates in Vietnam are below 5%, much lower than countries like India, where turnover can exceed 10%.
Fluency in English
English is becoming more prevalent as a second language in Vietnam, particularly among the youth. Vietnam ranks 29th on the EF Education First English Proficiency Index, placing 5th in Asia. This growing proficiency in English among Vietnamese IT professionals enhances communication with international clients and colleagues.
Top 5 IT Outsourcing Companies in Vietnam
a. FPT Software
FPT Corporation, based in Vietnam, is a leading technology and IT services provider in Asia since its founding in 1988. Through subsidiaries like FPT Software, it offers advanced solutions in Blockchain, IoT, Cyber Security, AI, and more. With a global presence in 28 countries, FPT serves diverse industries, driving digital transformation with innovation and customer-focused solutions.
b. CMC Corporation
CMC is a leading Vietnamese technology and telecommunications company specializing in IT services, software development, and digital transformation solutions. With a strong focus on cloud computing, cybersecurity, AI, and IoT, CMC plays a pivotal role in advancing Vietnam’s tech sector and beyond.
c. TMA Solutions
TMA Solutions stands out as a leading Vietnamese software outsourcing company renowned for its expertise in IT services, software development, and consulting. Over the years, TMA has successfully delivered comprehensive solutions to global clients across various industries. With a commitment to innovation and a skilled workforce, TMA continues to contribute significantly to the advancement of Vietnam’s IT sector, solidifying its position as a key player in the international outsourcing market.
d. Rikkeisoft
Rikkeisoft is a dynamic Vietnamese IT company specializing in software development, IT outsourcing, and digital transformation services. Since its inception, Rikkeisoft has been recognized for its innovative solutions and commitment to quality, serving a diverse clientele both locally and internationally. With a talented team and a focus on technological advancement, Rikkeisoft plays a pivotal role in shaping Vietnam’s IT landscape and driving global digital transformation initiatives.
e. Techbank Software
Techbank Software was founded by a team of top technologists and experienced Vietnamese entrepreneurs who previously established 11 companies. True to its name, Techbank is a hub of technology, bank of tech resources, innovation, and creativity. With offices in Vietnam and Japan, the company seamlessly delivers IT services globally.
Specializing in web/app development, digital transformation, BPO solutions, and cloud platforms, Techbank has grown significantly over six years. It now boasts over 200 leading IT consultants and developers skilled in no-code, low-code, and pro-code solutions. Techbank serves clients in over 10 countries, including the USA, Switzerland, Singapore, Japan, and Australia, across various industries like finance, healthcare, and education.
Techbank hopes this blog offers a clear and insightful understanding of Vietnam’s leading IT outsourcing firms. With highly skilled professionals, competitive pricing, and a steadfast commitment to excellence, these firms offer global enterprises ideal partnerships to achieve their digital goals. Vietnam’s influence in shaping the future of IT outsourcing is undeniable, marking a significant contribution to the industry’s evolution.
For more information on Techbank Software’s services and its pivotal role in shaping Vietnam’s tech landscape, please visit Techbank Software via: contact@techbank.com.vn or connect with us through LinkedIn
