The 2023 Top Software Development Companies in Vietnam
IT outsourcing and software development services are on the rise in Vietnam. The Southeast Asian country is attracting more and more businesses from all over the world who want to take advantage of the IT outsourcing model while cutting costs but still getting the job done. Vietnam’s software development outsourcing industry has been growing rapidly in recent years. And it’s expected to continue growing at a compound annual growth rate (CAGR) of 22.6% between 2018 and 2023, indicated in a report by Market Research Future.
Why outsource software development to Vietnam?
Vietnam is a growing economy with an expanding middle class and a young, computer-literate workforce. The country has a strong technical education system and is home to many experienced software developers. In recent years, Vietnam has become one of the world’s leading destinations for IT outsourcing. There are a lot of reasons why Vietnam is the best location for outsourcing software development. Let’s go through them:
The expenditure on living and running a business in Vietnam is relatively low, and the salaries of software developers are much lower than in developed countries. According to the CIO Magazine, the expenditure on software development outsourcing in Vietnam is 90% lower than that in the U.S. Speaking of price, Vietnam also outweighs other IT destinations in Asia, such as India, China, the Philippines, etc.
A large pool of IT talent
Vietnam has a large pool of 430,000 highly skilled software developers. The country’s technical education system is among the best in Asia, and many Vietnamese students have been studying computer science at leading universities around the world. As a result, Vietnam has a large number of experienced software developers who are familiar with the latest technologies and trends. This is the reason why businesses facing a shortage of IT experts make their way to Vietnam to outsource IT needs.
Many Vietnamese workers are proficient in English, which makes communication easier for companies that outsource their software development to Vietnam.
Flexible working hours
The time difference between Vietnam and developed countries such as the United States, Europe, and Australia is usually just a few hours. This makes it easy to communicate with Vietnamese software developers and coordinate work schedules.
Regarding the political aspect, Vietnam is a socialist republic with a single-party system. The Vietnamese Communist Party is the sole legal party in the country, and the government is led by the Prime Minister. The country has been politically stable since its independence in 1945, and its economy has been growing steadily in recent years. This buys investors all the advantageous conditions when doing business here, including software development businesses.
Vietnam is located in Southeast Asia, making it a convenient base for businesses that want to target this region. The country also has good infrastructure and is well-connected to the rest of the world.
Favorable environment for doing business
Vietnam has a friendly business environment that is conducive to the growth of businesses. The government is supportive of foreign investment, and there are various incentives and tax breaks for businesses operating in the country. In addition, Vietnam has a young population that is eager to work hard and make a difference.
Top 3 Software development companies in Vietnam 2023
The following are the top 3 software development companies in Vietnam that businesses should consider when looking for partners to help them with their IT needs:
In the Vietnamese IT market, Orient Software is one of the top-rated software development businesses situated in Ho Chi Minh City, delivering numerous high-quality IT services for worldwide clients. The greatest IT outsourcing services in Vietnam may be provided by this company’s vast team of more than 350 experienced IT specialists. By creating custom software solutions that address each client’s unique IT needs and requirements, Orient supports all-sized businesses across the globe in adopting digital transformation strategies and addressing the lack of developers. Additionally, rather than software development, Orient principally focuses on many different unique solutions, such as the development of mobile apps and websites and IT staff augmentation, among other things.
In addition, Orient is distinguished for the high performance and reliability of its products through skilled quality assurance and software testing services. This company also keeps up with the most recent technological advancements in order to construct effective IT solutions that improve as the clients’ businesses expand, and it makes sure that its services are offered at cost-competitive rates. So, if you’re searching for the ideal IT partner for outsourcing offshore software development, consider Orient Software.
KMS Technology is a prominent software development outsourcing company that you should consider when outsourcing your IT requirements to Vietnam. With a sizable team of tech talent on staff, the organization has solid experience and skills in software development, software testing services, IT consulting, etc. KMS Technology has been delivering its IT outsourcing services for onshore, nearshore, and offshore clients for many years, and it has established a good name in the IT sector. Moreover, the company always improves its tech teams and services with the latest technologies, such as artificial intelligence (AI), computer science, big data, etc., to give state-of-the-art IT solutions and the greatest quality. With its solutions, KMS Technology aspires to modernize the business sector by providing new technology and innovations.
One of the leading software development outsourcing firms in Vietnam should be mentioned, Enlab Software. The business is situated in Da Nang, Vietnam, and offers high-quality software outsourcing services. Enlab Software has been empowering companies of all kinds, from startups and SMBs to corporations from all around the world. Regarding reputation and expertise, the company has been in the software development outsourcing industry for over nine years, has more than 15 clients from various countries, and has completed more than 50 projects of various sizes with flying colors. Enlab Software is a solid choice you should take into account when choosing a software development company in Vietnam. The company has the vision of assisting in the transformation of how people operate the business and increasing overall productivity and efficiency through the delivery of smart enterprise solutions, complete transparency, and integrity.
Besides these three, there are still many other software development companies in Vietnam available for your selection. What should you do? Come up with your needs and research the best candidates before committing to one.