Vietnam’s tech manufacturing sector is booming. For example, the country became the world’s second-largest smartphone exporter in 2024, reflecting a vibrant electronics industry. In late 2024, Vietnam had about 73,788 digital technology firms (up 10.1% from 2023) employing 1.26 million people. These companies earned nearly $158 billion in revenue (a 10.2% year-over-year gain), showing strong fundamentals. Support from government and private investment is fueling more innovation. In fact, experts note that initiatives have “created opportunities for tech companies in Vietnam, particularly in the areas of cloud computing, artificial intelligence, and big data analytics”. Vietnamese startups still drew $634 million in funding in 2023, ranking third in Southeast Asia by deal count. With a young population (~97 million people, median age ~31) and rising internet/mobile usage, Vietnam’s market is poised for growth. Against this backdrop, here are the top 10 tech companies in Vietnam to watch in 2025.
1. Designveloper – Leading Web and Software Innovator
At Designveloper, we pride ourselves on being a top web and software development firm in Ho Chi Minh City. Since 2013 we’ve built a team of expert developers, designers and project managers. We serve both local and international clients across industries like finance, healthcare, e-commerce and logistics. Our services include custom web applications, mobile apps (iOS/Android and cross-platform), SaaS/cloud platforms, e-commerce systems, VoIP communications, cybersecurity consulting and AI/IoT solutions.
For example, we built Lumin – a cloud document collaboration platform with digital signatures – and ODC – a telemedicine scheduling and healthcare platform. We integrate advanced features (chatbots, ML analytics, blockchain payments) into these projects. Our team is fully bilingual (English/Vietnamese) and often works with international clients, handling end-to-end development and support. To date we have delivered over 100 projects (totaling 150,000+ development hours) to satisfied clients. Our rigorous agile process ensures fast delivery and high quality, and we take pride in our long-term client partnerships. In short, by combining global best practices with local expertise, Designveloper exemplifies the kind of innovative tech company in Vietnam that helps businesses around the world succeed.
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3. Top 20 Best Software Outsourcing Companies in 2025 |
2. FPT Corporation – Vietnam’s IT Giant
FPT Corporation is Vietnam’s largest technology company and a global IT services leader. Founded in 1988, FPT offers software development, system integration, and telecommunications services to clients worldwide. It provides end-to-end digital transformation solutions (enterprise software, mobile apps, cloud systems, AI) for Fortune 500 firms and government agencies.
In 2024, Fortune’s Southeast Asia 500 ranked FPT as the largest IT services company in the region and the only Vietnam-headquartered tech firm. FPT’s 2023 revenue was $2.17 billion (about VND 62,800 billion), up 19.6% year-over-year. This growth was driven by its technology division, where demand for digital services (cloud, AI, IoT) grew 42% in 2023. FPT also invests heavily in R&D and training (for example, FPT University and national innovation labs) to build talent. It operates Vietnam’s largest fiber-optic network and was among the first to trial 5G. FPT helped build Hanoi’s smart city infrastructure and supplies IT to major banks and retailers. With its vast scale, broad expertise and overseas offices in Japan, the US and Europe, FPT remains a keystone innovator among Vietnamese tech companies.
3. VNG Corporation – Internet & Gaming Leader
VNG Corporation is a leading Vietnamese internet company known for gaming and digital services. Its flagship product is Zalo, a mobile chat app that serves 77.6 million monthly active users (mostly in Vietnam). VNG also publishes popular online games (such as Sky Garden and Vo Lam Truyen Ky Mobile) and offers cloud services and e-commerce.
In the first nine months of 2024, VNG posted VND 6,892 billion in revenue (~$290M) and earned VND 424 billion in net profit (a turnaround from a prior loss). Its game division remains strong, but newer areas are growing rapidly: its digital wallet ZaloPay saw transactions rise 38% (and revenue nearly triple). VNG’s enterprise cloud solutions also jumped 58% year-on-year, and overseas sales exploded (global business grew 14-fold, to 38% of revenue). VNG is increasingly integrating its apps: Zalo now supports mobile payments and government services, while the company expands game publishing in Southeast Asia. This combination of social media, gaming and fintech innovation makes VNG one of the most influential tech companies in Vietnam.
4. Viettel Group – Telecom and Tech Innovator
Viettel Group is Vietnam’s state-owned telecommunications giant and a major tech R&D force. It operates the country’s largest mobile networks (under brands like Viettel Telecom) and has expanded into fiber, satellite and digital services. Through its global arm Viettel Global, it provides mobile and broadband services in 10 countries across Asia and Africa.
In 2024 Viettel Global reported VND 35.4 trillion in revenue (about $1.4 billion, up 25% year-on-year). Consolidated pre-tax profit reached VND 10.6 trillion (up 175% YOY), driven by strong growth in digital services like e-wallets and data. Domestically, Viettel is advancing 5G rollout and IoT for smart cities. Its Viettel AI lab achieved world-class results: the lab’s facial-recognition technology ranked top-4 globally on the NIST benchmark (the highest placement ever for a Vietnamese firm). Viettel also develops robotics, cybersecurity tools and health-tech platforms. In short, Viettel combines enormous scale with cutting-edge innovation, making it a powerhouse tech company in Vietnam.
5. VinAI (Vingroup) – Automotive AI Pioneer
VinAI is the artificial intelligence research subsidiary of Vingroup, the conglomerate behind VinFast electric cars and VinSmart electronics. It focuses on smart mobility and AI solutions for vehicles. VinAI has earned multiple global awards.
Deloitte’s 2024 Edges of Southeast Asia report named VinAI a “beacon of innovation” – it was one of only two Vietnamese companies on the list. Its products include driver-monitoring and parking solutions. For example, VinAI’s DrunkSense system (an in-cabin AI that detects intoxication) won the 2025 AI Excellence Award. At CES 2024-2025, VinAI showcased MirrorSense (a driver-aware smart mirror) and Touch2Park (AI-powered automated parking); these innovations won top prizes (CES Innovation Award and AutoTech Breakthrough). VinAI is also exploring generative AI and healthcare imaging. By pushing world-class automotive and AI R&D, VinAI is one of Vietnam’s leading tech innovators on the global stage.
6. MoMo – Fintech Super App
MoMo is Vietnam’s leading mobile wallet and fintech “super app.” Launched in 2010 as a telecom-linked wallet, MoMo has grown into a one-stop digital finance platform. It offers instant peer-to-peer money transfers, mobile top-ups, bill payments, ride-hailing bookings, insurance, micro-loans, investments and even stock trading – all in one app.
MoMo has partnerships with over 50 banks and thousands of merchants, enabling cashless payments nationwide. This deep ecosystem has driven explosive usage: by 2025, e-wallet transactions in Vietnam topped VND 500 trillion (~$20 billion), and MoMo processes a large share of that volume. It claims over 30 million users (about one-third of the population) and continues to add features like QR-code payments and loyalty programs. MoMo was also Vietnam’s first fintech unicorn (valued at $2.2B in 2021) thanks to its rapid growth. With its scale and innovation in digital finance, MoMo is a top fintech-driven tech company in Vietnam.
7. Trusting Social – AI-Powered Credit Platform
Trusting Social is a Ho Chi Minh City fintech startup that provides AI-driven credit scoring and lending services. Its platform uses machine learning on mobile phone and e-commerce data to evaluate borrowers who lack traditional credit histories.
In 2022, Trusting Social raised $65 million in funding to expand its offerings in Vietnam. That funding backed a partnership with conglomerate Masan Group, targeting 27 million Vietnamese households (roughly 100 million people) with customized financial products. As the founder explained, the team “created an innovative credit scoring AI and ML platform that financial institutions across Asia are utilizing to serve their consumers better”. Trusting Social now licenses its AI engine to banks and insurers in Vietnam and other Southeast Asian markets, helping them safely extend loans to underbanked customers. By harnessing big data and AI, Trusting Social is driving the next wave of fintech innovation among tech companies in Vietnam.
8. Bkav – Cybersecurity & Electronics Pioneer
Bkav Corporation (short for “Bach Khoa Antivirus”) is Vietnam’s homegrown cybersecurity and electronics firm based in Hanoi.
Founded in 1995 by students, Bkav grew Vietnam’s most popular antivirus software – its domestic market share exceeds 70%. The company gained global attention by revealing security flaws: famously, in 2018 Bkav’s team fooled Apple’s Face ID system using a simple $150 mask, demonstrating world-class expertise in biometric security. Beyond software, Bkav ventured into hardware: it developed the “Bphone” smartphone (the first made-in-Vietnam smart phone) and smart home devices. Today Bkav also produces surveillance cameras and IoT solutions. With deep R&D capability in software and hardware, Bkav remains a prominent innovator in Vietnam’s tech landscape.
9. TMA Solutions – Global Software Outsourcer
TMA Solutions is a leading Vietnamese software outsourcing and R&D services company. Founded in 1997, TMA now employs around 4,000 engineers and has multiple development centers in Vietnam. It also maintains offices in the USA, Canada, Japan, Australia, Germany and Singapore.
Over 27 years, TMA has delivered projects to clients in over 30 countries, across industries like finance, telecommunications, healthcare and logistics. The company offers end-to-end services: from idea and design to development, testing and maintenance, following strict quality processes (Agile/Scrum, CMMI Level 5, ISO 27001). For example, TMA has helped major banks modernize online banking systems and built enterprise software for global manufacturers. TMA also invests in internal innovation (AI, mobile and IoT labs) to stay at the tech forefront. Its global footprint and long track record highlight how Vietnamese tech companies can deliver world-class software solutions.
10. CMC Corporation – ICT & Cloud Innovator
CMC Corporation (ticker CMG) is a large Vietnamese IT conglomerate founded in 1993. It is often cited as Vietnam’s second-largest technology company (after FPT). CMC operates in IT services, cloud computing, cybersecurity and telecommunications.
Its subsidiary CMC Telecom provides broadband and data center services nationwide; another unit, CMC Infosec, offers enterprise security solutions. CMC’s Tan Thuan Data Center was Vietnam’s first facility certified at the highest (Tier-4) level for security and uptime. The company also delivered major projects like e-government portals and smart city platforms. By offering integrated IT solutions and innovating in areas like cloud hosting and AI-based security, CMC continues to drive Vietnam’s digital transformation.
Conclusion
Vietnam’s technology industry is poised for continued growth in 2025. As one report notes, Vietnam’s economy is “well-positioned for growth and development in the technology sector”, thanks to its large, young, tech-savvy population. The ICT sector already brought in nearly $158 billion in revenue in 2024 and is expected to keep expanding.
In this environment, the tech companies in Vietnam featured above have strong momentum. From startups like Designveloper and Trusting Social to giants like FPT and Viettel, they are investing in AI, cloud, fintech and more. For global tech watchers, these tech companies in Vietnam are emerging as innovation leaders that will power the country’s digital economy in 2025 and beyond.
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