Top 10 IT Companies in Vietnam to Watch in 2025

Vietnam’s technology sector is booming. In 2024, Vietnam’s IT service revenue is expected to reach about $2.07 billion. The digital economy grew over 20% in 2024, accounting for nearly 18% of GDP. Vietnam boasts about 560,000 IT professionals in computer science and related fields, working at various IT companies in Vietnam. This growth is driven by a young, skilled workforce and strong government support for digital transformation.

For this list, we focus on companies that excel in innovation, rapid growth, and global reach. Each of the firms below has a strong track record in these areas. They include large multinationals as well as agile startups – all IT companies in Vietnam that are shaping the future.

Designveloper – Leading Software Innovator

At Designveloper, we are Vietnam’s premier software development company in Ho Chi Minh City. Since 2013 our team has completed over 100 projects (totaling more than 500,000 work hours) across 20+ industries. We provide full-cycle services including web and mobile app development, UX/UI design, and VoIP solutions. Our mission is to turn ideas into high-impact products for clients worldwide. On our website we note that since 2013 we have “evolved into one of the premier software development firms”, demonstrating our commitment to excellence.

For example, one of our notable projects is LuminPDF, a cloud-based PDF editing and collaboration platform that integrates with major storage providers. Another is Bonux, a cryptocurrency wallet app for secure digital asset management. We also offer additional services like IT strategy consulting and technical staffing. We continuously invest in our team’s skills – our developers are proficient in Java, Python, Go, C++ and modern JavaScript frameworks. In short, we pride ourselves on innovation, quality and client satisfaction in everything we do.

FPT Software – Vietnam’s Tech Giant

FPT Software (a subsidiary of FPT Corporation) is Vietnam’s largest IT services exporter. Founded in 1999, it now serves over 1,000 clients worldwide, including nearly 100 Fortune 500 companies. The company offers cutting-edge services in cloud computing, artificial intelligence, data analytics, IoT, and low-code/digital platforms. Fortune Magazine recently ranked FPT as the largest IT services firm in Southeast Asia, making it the only Vietnam-headquartered tech company on the list.

FPT’s growth has been outstanding. In 2023 FPT reported $2.17 billion in total revenue and now has over 48,000 employees globally. Its business covers three core sectors (technology, telecom, education), with over 60% of revenue from tech services. FPT has also forged global partnerships to stay on the cutting edge – for example, it collaborates with NVIDIA on AI infrastructure and participates in SAP’s strategic initiatives in APAC. These moves, along with its continuous ~20% annual growth, keep FPT at the forefront of innovation among Vietnamese IT companies. In fact, FPT has publicly targeted $5 billion in IT services revenue by 2030, illustrating its long-term ambition.

TMA Solutions – Offshore Software Powerhouse

Founded in 1997 in Ho Chi Minh City, TMA Solutions is one of Vietnam’s largest software outsourcing firms. It provides end-to-end development, testing and R&D services for clients in Europe, North America, Asia and beyond. In 2023 TMA employed about 4,000 engineers worldwide. The company maintains offices on five continents – including the U.S., Canada, Australia, Japan, Singapore and Germany – reflecting its truly global delivery model.

TMA’s engineers work in fields like healthcare, finance, telecommunications and manufacturing. The company is known for quality: it was among the first Vietnamese firms to achieve CMMI Level 5 certification by 2011 while growing its staff above 1,000. TMA also invests heavily in training and recruitment, partnering with universities and offering internships to thousands of students. Thanks to this focus on talent and process, TMA continues to grow steadily. With its large talent pool and mature delivery model, TMA Solutions remains a leading IT partner for many global businesses.

VNG Corporation – Vietnam’s First Tech Unicorn

VNG Corporation is a Hanoi-based internet and gaming company, famous for becoming Vietnam’s first tech unicorn. Founded in 2004, VNG quickly rose to prominence in online games and consumer internet services. Today its portfolio includes popular online games (such as Axie Infinity), cloud services, digital payments, and Zalo – Vietnam’s leading messaging app with hundreds of millions of users. Reuters notes that VNG’s businesses “include online games, payments, cloud services and Vietnam’s most popular messaging app, Zalo”.

VNG has also ramped up growth in recent years. It is backed by Chinese giant Tencent (which invested in 2019), giving it extra resources and expertise. Industry reports say VNG targets about ₫11 trillion (~$433 million) in revenue for 2024 (a ~46% increase over 2023) and aims to return to profit. The company is expanding into new areas like e-wallets (via ZaloPay) and online marketplaces, and it has started venturing into Southeast Asia. With its pioneering history, massive user base and global partnerships, VNG remains a dominant player among Vietnam’s tech firms.

Viettel AI (Viettel Group) – Telecommunications Meets AI

Viettel AI is the artificial intelligence and robotics division of Viettel Group, Vietnam’s largest telecommunications and defense conglomerate. Established in 2014, Viettel AI develops advanced technologies for both civilian and military use. Its products include Cyberbot (a digital human avatar for customer service), smart robots for education and security, and automated analytics platforms. Viettel AI also maintains Vietnam’s largest AI training facility in Ho Chi Minh City and works on projects from facial recognition to drone navigation.

By leveraging Viettel’s vast infrastructure and data, Viettel AI can deploy solutions at national scale. For example, Viettel’s AI drives automated translation services and intelligent traffic monitoring systems. The division is a key part of Vietnam’s push to build an indigenous AI industry. As Viettel continues to invest in R&D, Viettel AI is positioned to grow rapidly. Its combination of telecom networks, capital backing, and local talent makes Viettel AI one of the top IT companies in Vietnam to watch.

Techvify Software – Innovating with AI and Cloud

Techvify Software is a global software development and AI consulting firm headquartered in Vietnam. Founded by Vietnamese entrepreneurs, Techvify has grown to employ over 500 developers and AI specialists across offices in Vietnam, Japan and the U.S. The company focuses on custom digital solutions for finance, insurance, retail, manufacturing and other sectors. Its services include cloud migration, big data analytics, machine learning model development, and mobile/web app development.

For example, Techvify has helped major banks implement AI-driven credit scoring tools, and it built a scalable cloud platform for a regional retailer. The company is known for combining Vietnam’s strong engineering talent with on-the-ground expertise in international markets. It also invests in employee training and R&D: it maintains labs for emerging tech like IoT and automation. With its rapid growth and innovative solutions, Techvify stands out as one of Vietnam’s rising tech companies in 2025.

VTI Group – Cloud and Mobile Expert

VTI Group is a technology solutions corporation with operations in Vietnam and Japan. Established in 2017, it specializes in cloud computing, artificial intelligence, and mobile applications. VTI offers one-stop services for digital transformation: its cloud division builds scalable infrastructure for enterprises; its AI team creates custom machine learning models; and its app developers deliver cross-platform mobile and IoT solutions. The company serves industries like manufacturing, finance, retail and logistics with these services.

One of VTI’s strengths is its Vietnam-Japan partnership model. It has set up development centers that follow Japanese engineering standards, and it works closely with Japanese tech firms. It is also expanding its reach in Asia – for instance, VTI recently opened an office in Indonesia to offer cloud services in Southeast Asia. Backed by its multi-country approach and technical expertise, VTI Group is a notable player among Vietnam’s cloud and app providers.

HBLAB JSC – Innovative Outsourcing Leader

HBLAB is a Ho Chi Minh City software company founded in 2015 by a team of IT experts. It quickly built a reputation in the outsourcing sector, initially focusing on Japanese and Korean clients. HBLAB’s specialties include AR/VR development, AI and data analytics, custom software and mobile apps, and cloud solutions. It has delivered projects such as an AI-driven visual inspection system for manufacturing and a mobile wallet app for fintech.

The company is growing fast – for example, industry groups have ranked HBLAB among Vietnam’s top ICT companies. It emphasizes quality and talent development, including training programs in blockchain and cybersecurity. HBLAB also partners with overseas firms; recently it signed deals with U.S. and Singaporean companies to co-develop software. By combining advanced technical services with Vietnam’s competitive costs, HBLAB continues to expand its market. Its focus on next-generation technologies makes it one of Vietnam’s IT firms to watch.

VinBigData – Vingroup’s AI Pioneer

VinBigData is the artificial intelligence and data analytics arm of Vingroup, Vietnam’s largest private conglomerate (known for VinFast EVs and VinSmart phones). Spun out to commercialize Vingroup’s AI research, VinBigData focuses on practical enterprise solutions. Its flagship product is VinDr – an AI imaging platform to assist doctors in interpreting medical scans (X-rays, MRIs, etc.). Another product is ViVi, a Vietnamese-language voice assistant. VinBigData also offers big data services such as VinBase, a centralized data platform for businesses.

Backed by Vingroup’s massive resources, VinBigData is expanding quickly. It recruited dozens of PhD-level researchers and built a dedicated AI training center in Hanoi. The company collaborates with global tech partners (e.g. NVIDIA GPUs) to enhance its platforms. Although VinBigData is relatively new, its rapid growth and the credibility of Vingroup make it a standout among Vietnam’s tech ventures. Its focus on AI-driven solutions in healthcare, manufacturing and smart cities suggests it will be a major player in the coming years.

CMC Corporation – Digital Transformation Conglomerate

CMC Corporation is one of Vietnam’s oldest and largest IT conglomerates. Founded in Hanoi in 1993, it is described on its site as “the second-largest technology corporation in Vietnam”. CMC has three core business lines: technology solutions, telecommunications, and global services. It offers a broad portfolio including cybersecurity, cloud computing, digital workplace solutions, smart factory platforms and government digital services. CMC also operates CMC Telecom (a major Vietnamese ISP) and CMC Infosec (cybersecurity unit).

The company has set ambitious targets – for example, it planned to reach 5,000 employees by 2023 and become a top-5 tech provider. CMC invests in R&D and education, such as founding the CMC Institute of Science and Technology to train engineers. It is listed on Vietnam’s stock exchange (ticker CMG) and has pursued partnerships in Asia and Europe (including a Japan branch opened in 2020). Thanks to its diversity and decades of experience, CMC Corp remains a key player in Vietnam’s IT industry.

Conclusion

As these examples show, Vietnam’s tech sector is already strong and growing. The digital economy contributes nearly 18% of GDP, and the broader ICT industry (including software, services and telecom) generates over $150 billion in revenue with double-digit growth. The combined efforts of these IT companies in Vietnam and supportive government policies suggest a bright future. Industry forecasts predict Vietnam’s IT market will continue expanding – for example, its IT outsourcing revenue is forecast to rise from $0.7 billion in 2024 to $0.83 billion in 2025 – reflecting this strong demand. For instance, FPT Software has publicly targeted $5 billion in IT services revenue by 2030, underlining the industry’s ambition. With a large talent pool and continued global demand, Vietnam’s top IT companies are poised to strengthen their global presence in the years ahead.