Announcing the Top 50 IT Companies in Vietnam – Driving Innovation in a Global Marketplace
— November 11, 2017Total revenue of these enterprises are 20.6 trillion VND (equivalent to 936 million USD), with total workforce of 35,542 people.
Overview of the Top 50 IT Companies
On October 19, the Vietnam Software and IT Services Association (VINASA) unveiled its annual list of the Top 50 IT companies in Vietnam. This event, initiated in 2014, highlights the leading Vietnamese firms contributing to the nation’s IT and software development sectors, enhancing Vietnam’s standing in the international IT value chain and supporting the global growth of Vietnamese enterprises.
The top 50 companies recorded a combined revenue of 20.6 trillion VND (around 936 million USD) and employed a workforce totaling 35,542 people. This notable achievement underscores the sector’s resilience and growth potential in an increasingly competitive global market.
A Rigorous Selection Process Across Key Categories
The 2017 selection process began in June, encompassing preliminary evaluations and hands-on assessments, ultimately culminating in a thorough review across three primary categories:
1. Business Process Outsourcing (BPO), IT Outsourcing (ITO), and Knowledge Process Outsourcing (KPO) – reflecting Vietnam’s growing role in providing critical support functions and high-value knowledge processes to global clients.
2. Software and IT Services – recognizing firms that develop essential software solutions, applications, and services.
3. Digital Content, Mobile Applications, and Solutions – focusing on companies producing innovative digital platforms, mobile tools, and tech-based solutions that cater to the digital era.
The chosen companies demonstrated robust performance in these areas, with VINASA specifically prioritizing organizations driving advancements in critical technologies such as artificial intelligence (AI), big data, Internet of Things (IoT), digital transformation, and virtual reality (VR). These companies are setting the stage for Vietnam’s emergence as a key player in the Fourth Industrial Revolution.
Industry Leaders and Emerging Innovators
The honorees of 2017 include both established industry giants and dynamic emerging players. Leading firms like FPT Software, TMA, and Global CyberSoft exemplify the strength and expertise of Vietnamese IT on the global stage, while rapidly growing companies like RikkeiSoft and VMG bring fresh energy and innovation to the sector. Other honorees include sector leaders such as CMC, VNG, MISA, and S3Corp., as well as high-tech pioneers like ELCOM and NextTech, known for their innovative contributions to digital solutions and advanced technology development.
Focus on Future-Forward Technologies
This year’s selection highlighted companies actively advancing technologies vital to the digital future. Firms focused on IoT, AI, big data, and VR were prioritized, with VINASA recognizing that these technologies are not only shaping Vietnam’s domestic market but also positioning Vietnam software companies as competitive players in global tech ecosystems. As digital transformation accelerates worldwide, the development of these capabilities within Vietnam’s IT sector reflects a strategic shift toward innovation-led growth, which is expected to amplify Vietnam’s role in high-tech global markets.
The 2017 “Top 50 IT Companies in Vietnam” publication, produced in Vietnamese, English, and Japanese, serves as an official VINASA resource aimed at boosting the visibility of Vietnam’s IT capabilities at global events. The publication will also act as a trusted reference point for Vietnam’s IT sector, showcasing the expertise and technological achievements of Vietnamese companies to potential clients, investors, and partners worldwide.
VINASA Chairman Truong Gia Binh highlighted the event’s dual purpose: recognizing exceptional talent within Vietnamese IT and bolstering Vietnam’s presence in the international technology arena. By showcasing the strength and versatility of Vietnamese IT firms, VINASA aims to support these enterprises in reaching a wider market while reinforcing Vietnam’s image as a source of innovation and reliability in global IT services.
The Top 50 IT companies will be formally recognized on October 25 at the 11th Japan ICT Day in Ho Chi Minh City, an event dedicated to enhancing collaboration between Vietnam and Japan in the technology industry. This awards ceremony not only celebrates Vietnamese companies’ achievements but also underscores Vietnam’s commitment to international cooperation and technological advancement.
Key Takeaways
Vietnam’s IT sector, represented by the Top 50 companies, is poised for further growth, bolstered by advancements in transformative technologies and a commitment to quality and innovation. As Vietnam software outsourcing solidifies its role in the global IT landscape, the recognition of these companies serves as a testament to the sector’s potential and resilience. With VINASA’s ongoing support, these companies are set to drive Vietnam’s emergence as a global technology hub, creating new opportunities for collaboration and economic growth on a worldwide scale.
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