Top 10 Tech Companies in Vietnam to Watch in 2026

Vietnam’s technology sector is growing in several fields, from software and cloud services to electronics and AI. In 2024, the country became the world’s second-largest smartphone exporter. This shows how strong its tech manufacturing base has become.

By the end of 2024, Vietnam had nearly 74,000 active digital technology enterprises. In 2025, the country’s digital technology industry was estimated to generate $198 billion in revenue, up 26% year over year, based on figures reported from the Ministry of Science and Technology.

Government support and private investment are helping the market grow faster. New opportunities continue to open up in cloud computing, artificial intelligence, and big data analytics. Vietnam also has a population of about 101.9 million in 2025, a maturing workforce, and rising internet and mobile usage. Together, these factors make Vietnam one of Southeast Asia’s most promising digital markets.

Against that backdrop, here are 10 tech companies in Vietnam to watch in 2026.

Company	Focus Area	Why Watch in 2026
Designveloper	Software development, web and mobile apps, AI solutions	Strong delivery track record
FPT Corporation	IT services, telecom, cloud, AI, digital transformation	Largest tech player in Vietnam
VNG Corporation	Messaging, gaming, fintech, cloud	Fast growth beyond gaming
Viettel Group	Telecom, digital infrastructure, AI, IoT	Scale plus deep R&D
VinAI	Automotive AI, computer vision, smart mobility	Award-winning automotive AI
MoMo	Fintech, digital payments, super app services	Leading consumer fintech app
Trusting Social	AI credit scoring, lending infrastructure	Expanding AI-led lending access
Bkav	Cybersecurity, hardware, IoT	Proven security and hardware expertise
TMA Solutions	Software outsourcing, R&D services	Global software delivery footprint
CMC Corporation	IT services, cloud, cybersecurity, telecom	Key cloud and enterprise player

1. Designveloper – Leading Web and Software Innovator

Designveloper represents the kind of mid-sized Vietnamese software firm that has gained traction by combining outsourcing capability with product thinking. Founded in 2013 and based in Ho Chi Minh City, the company works with clients in Vietnam and overseas across sectors such as finance, healthcare, e-commerce, and logistics.

Its work spans custom web applications, mobile apps, SaaS and cloud platforms, e-commerce systems, VoIP solutions, cybersecurity consulting, and AI and IoT development.

Its portfolio includes products such as Lumin, a cloud document collaboration platform with digital signatures, and ODC, a telemedicine scheduling and healthcare platform.

Designveloper also integrates features such as chatbots, machine learning analytics, and blockchain payments into client projects. With more than 100 delivered projects and over 500,000 development hours completed, the company has built a visible track record in Vietnam’s software outsourcing and product development market.

Why it stands out

• Founded in 2013 in Ho Chi Minh City
• Works across finance, healthcare, e-commerce, and logistics
• Covers web apps, mobile apps, SaaS, cloud, VoIP, cybersecurity, AI, and IoT
• Has delivered more than 100 projects and over 500,000 development hours

View Designveloper website

2. FPT Corporation – Vietnam’s IT Giant

FPT is the reference point for scale in Vietnam’s tech sector. Founded in 1988, the company operates across software development, system integration, telecommunications, cloud, AI, and enterprise digital transformation. Its clients include Fortune 500 companies and government agencies.

In 2024, Fortune’s Southeast Asia 500 ranked FPT as the region’s largest IT services company and the only Vietnam-headquartered tech firm on the list.

According to FPT’s 2024 earnings report, revenue reached VND 62,849 billion and profit before tax reached VND 11,071 billion, both up about 20% from 2023. The same report shows global IT services revenue rose 27.4% to VND 30,953 billion, while digital transformation revenue reached VND 14,263 billion.

FPT also secured 48 large deals worth more than $5 million each in 2024. Few companies are as embedded in Vietnam’s digital economy as FPT.

Why it stands out

• Founded in 1988
• Vietnam’s largest technology company
• Ranked by Fortune Southeast Asia 500 as the region’s largest IT services company in 2024
• 2024 revenue reached VND 62,849 billion and profit before tax reached VND 11,071 billion

View FPT Corporation website

3. VNG Corporation – Internet & Gaming Leader

VNG remains one of the clearest examples of how a local internet company can build scale in Vietnam and then broaden into adjacent digital businesses. It is best known for Zalo, one of Vietnam’s largest messaging platforms. The company also operates in online gaming, digital payments, cloud services, and e-commerce.

VNG’s audited FY2025 results show consolidated net revenue of VND 10,894 billion, up 17% from 2024, while adjusted operating profit rose 183% to VND 856 billion. Its gaming business still matters, but newer growth engines are becoming more important.

In 2025, the same release says Zalo generated VND 1,718 billion in revenue, up 38% from 2024. Zalopay’s total payment volume rose 76%, while revenue increased 47% to VND 1,111 billion. VNG’s cloud and AI business, now grouped under GreenNode, reported VND 774 billion in revenue, up 57%.

That mix makes VNG more than a gaming company and keeps it relevant in several parts of Vietnam’s digital economy at once.

Why it stands out

• Best known for Zalo, with 77.6 million monthly active users
• Operates across gaming, payments, cloud, and e-commerce
• Reported VND 10,894 billion in net revenue in FY2025
• Zalo, Zalopay, and GreenNode all posted strong growth in 2025

View VNG Corporation website

4. Viettel Group – Telecom and Tech Innovator

Viettel sits at the intersection of telecom infrastructure, national scale, and applied R&D. The state-owned group operates the biggest mobile network in Vietnam and has expanded into fiber, satellite, digital services, and international telecom operations. Through Viettel Global, it has built a broad international presence across multiple markets in Asia, Africa, and Latin America.

In 2024, Viettel Global reported VND 35.4 trillion in revenue, or about $1.4 billion, up 25 percent year over year. Consolidated pre-tax profit reached VND 10.6 trillion, up 175 percent. That performance was supported by growth in digital services such as e-wallets and data.

In Vietnam, Viettel continues to push 5G rollout and IoT adoption for smart city projects. Its Viettel AI lab also achieved a top-4 global ranking on the NIST facial recognition benchmark, the highest result ever recorded by a Vietnamese firm.

Viettel matters because it can move both infrastructure and frontier engineering at the same time.

Why it stands out

• Vietnam’s largest mobile network operator
• International presence across 10 countries
• 2024 revenue reached VND 35.4 trillion, up 25% year over year
• Combines 5G rollout, IoT, and high-performing AI research

View Viettel Group website

5. VinAI (Vingroup) – Automotive AI Pioneer

VinAI is one of the strongest examples of Vietnam’s ambition to compete in advanced AI rather than only adopt it. As the artificial intelligence research arm of Vingroup, it focuses on automotive AI, smart mobility, and computer vision products for vehicles, while also exploring adjacent areas such as healthcare imaging and generative AI.

Deloitte’s 2024 Edges of Southeast Asia report named VinAI a “beacon of innovation,” making it one of only two Vietnamese companies included. Its product line includes driver-monitoring and automated parking solutions.

VinAI’s DrunkSense system won the 2025 AI Excellence Award, while MirrorSense and Touch2Park received recognition at CES 2024-2025, including a CES Innovation Award and an AutoTech Breakthrough award.

What makes VinAI notable is not just the research pedigree, but the push to turn that work into commercial automotive products.

Why it stands out

• Focuses on automotive AI and smart mobility
• Named a “beacon of innovation” in Deloitte’s 2024 regional report
• Won recognition through DrunkSense, MirrorSense, and Touch2Park
• Pushes AI research toward commercial vehicle products

View VinAI website

6. MoMo – Fintech Super App

MoMo has become one of the most visible consumer tech brands in Vietnam by turning digital payments into a much broader financial services platform. Since launching in 2010, it has expanded far beyond wallet functionality into a “super app” model. Users can transfer money, top up phones, pay bills, book services, buy insurance, access micro-loans, invest, and even trade stocks from one platform. For full explaination, see this article What Is a Super App and examples.

MoMo has built a wide partner network across banks, merchants, and service providers, helping drive cashless payments nationwide. In a late-2025 company release marking its 15th year, MoMo said it serves more than 30 million users and runs hundreds of AI models every second across its ecosystem.

The platform now covers a wide range of daily needs, from payments and shopping to education, healthcare, and online public services. It is also widely regarded as one of Vietnam’s fintech unicorns, following its $2.2 billion valuation in 2021.

MoMo stands out because it has managed to combine scale, frequency, and product breadth in a market that is still expanding quickly.

Why it stands out

• Started in 2010 and evolved into a super app
• Works with more than 50 banks and thousands of merchants
• Claims more than 30 million users
• Became Vietnam’s first fintech unicorn in 2021

View MoMo website

7. Trusting Social – AI-Powered Credit Platform

Trusting Social stands out for tackling one of Southeast Asia’s persistent fintech problems: how to assess borrowers with thin or incomplete credit histories. Based in Ho Chi Minh City, the company uses AI and machine learning to support credit scoring, digital identity, fraud detection, and lending.

Its platform analyzes alternative data to help financial institutions assess borrowers with limited traditional credit history.

On its current website, Trusting Social says it has scored more than 1 billion customers in Asia, works with more than 130 financial institutions across India, Indonesia, and Vietnam, and enables over a million borrowers every month.

The company also says it has facilitated $800 million in personal loans through its Smart Credit Acquisition product. Those numbers make it a useful example of where AI in Vietnam is being applied to a real market constraint rather than just promoted as a trend.

Why it stands out

• Uses alternative data for AI-based credit scoring
• Says it has scored 1 billion+ customers in Asia
• Works with 130+ financial institutions
• Enables over a million borrowers each month

View Trusting Social website

8. Bkav – Cybersecurity & Electronics Pioneer

Bkav Corporation (short for “Bach Khoa Antivirus”) is an earlier generation of Vietnamese tech companies, but it still matters because of its long-running focus on security and in-house R&D. Based in Hanoi, the company started with antivirus software and later expanded into hardware, smart devices, and IoT products.

Founded in 1995 by students, Bkav built what became Vietnam’s most widely used antivirus software, with domestic market share above 70 percent. The company also gained international attention in 2018 when its researchers bypassed Apple’s Face ID system using a simple $150 mask, a high-profile demonstration of biometric security expertise.

Beyond software, Bkav developed the Bphone, promoted as the first made-in-Vietnam smartphone, and moved into smart home devices, surveillance cameras, and IoT solutions. Bkav remains notable less for scale than for persistence and technical identity.

Why it stands out

• Founded in 1995 and built a dominant local antivirus product
• Domestic antivirus market share exceeds 70%
• Drew international attention through Face ID security research
• Expanded from software into smartphones, smart home devices, and IoT

View Bkav website

9. TMA Solutions – Global Software Outsourcer

TMA Solutions reflects a core strength of Vietnam’s tech sector: large-scale software delivery for global clients. Founded in 1997, it now employs around 4,000 engineers, operates multiple development centers in Vietnam, and maintains offices in the United States, Canada, Japan, Australia, Germany, and Singapore.

Over more than 27 years, TMA has delivered projects for clients in over 30 countries across finance, telecommunications, healthcare, and logistics. Its services cover the full development lifecycle, from product design and engineering to testing and maintenance, supported by quality frameworks such as Agile, Scrum, CMMI Level 5, and ISO 27001.

The company has worked on projects ranging from online banking modernization to enterprise systems for global manufacturers. TMA is a reminder that Vietnam’s tech story is not only about startups, but also about delivery depth and engineering capacity.

Why it stands out

• Employs around 4,000 engineers
• Serves clients in more than 30 countries
• Covers full-cycle software development and maintenance
• Signals Vietnam’s strength in outsourced engineering delivery

View TMA Solutions website

10. CMC Corporation – ICT & Cloud Innovator

CMC is one of the companies most closely tied to Vietnam’s enterprise and infrastructure layer. Founded in 1993, it operates across IT services, cloud computing, cybersecurity, and telecommunications, and is often described as one of the country’s largest technology groups after FPT.

According to CMC’s 2024 annual report, consolidated revenue reached VND 8,824 billion, up from VND 7,342 billion in 2023, while profit before tax reached VND 481 billion. The same report says the group had 5,173 employees as of March 31, 2025.

Its subsidiary CMC Telecom provides broadband and data center services across Vietnam, while CMC Infosec focuses on enterprise security. CMC’s Tan Thuan Data Center was the first in Vietnam to receive Tier-4 certification for security and uptime. CMC is worth watching because it sits in the less flashy but highly important part of the market: cloud, connectivity, and enterprise systems.

Why it stands out

• Active across IT services, cloud, cybersecurity, and telecom
• Reported VND 8,824 billion in 2024 revenue
• Runs Vietnam’s first Tier-4-certified data center
• Reported 5,173 employees as of March 31, 2025
• Plays a key role in enterprise and public-sector digital infrastructure

View CMC Corporation website

Vietnam’s technology sector enters 2026 with real momentum. The market combines a young digital population with rising enterprise demand, steady investment in AI and cloud, and an ICT sector that already generated nearly $158 billion in revenue in 2024.

The companies listed above show that growth from different angles. Some, like FPT and Viettel, reflect scale and national infrastructure. Others, like VinAI, MoMo, Designveloper, and Trusting Social, point to where Vietnam is gaining ground in AI, fintech, software services, and product innovation. Taken together, they offer a useful snapshot of the tech companies in Vietnam worth watching in 2026 and beyond.