The Covid-19 pandemic and the Russian – Ukraine war has already made the last few years challenging. Now, with economists predicting an upcoming global recession, businesses may face more difficult decisions. During a recession, economic activity declines, leading to decreased consumer spending, higher unemployment rates, and business stagnation, which, in turn, can cause a decrease in the global gross domestic product. While businesses must operate within a world of slower growth, inflation, and more expensive capital, they can cut costs and stay focused on their core business by outsourcing their IT needs. Outsourcing offers numerous benefits, including access to new labor markets, budget-friendly alternatives, cost transparency, flexibility in resources, established processes, expanded vision and expert insights, and reduced stress for current employees. By outsourcing non-core activities, businesses can retain their competitive edge without blowing their budgets when the economy is unstable.
In recent years, Vietnam has emerged as one of the most popular destinations for software outsourcing due to its skilled workforce, competitive rates, and favorable business environment. In this article, we will introduce the top 10 trusted software outsourcing companies in Vietnam that you can partner with in 2023 for thriving in a recession.
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1. FPT Software
Founded in 1999, FPT Software is one of the largest software outsourcing companies in Vietnam, with over 17,000 employees and offices in 25 countries worldwide. The company offers a wide range of services, including custom software development, digital transformation, and system integration. FPT Software has a strong focus on emerging technologies such as AI, IoT, and blockchain, and has worked with clients in industries such as healthcare, finance, and retail.
- Number of employees: 17,000+
- Strengths: Strong focus on emerging technologies, extensive global presence
- Major markets: USA, Japan, Europe
- Major tech stack: Java, .NET, C++, Angular, React, etc.
2. TMA Solutions
TMA Solutions is a software outsourcing company based in Ho Chi Minh City, Vietnam. Founded in 1997, the company has since expanded to include offices in Canada, the USA, and Japan. TMA Solutions offers a wide range of services, including software development, QA testing, and IT consulting. The company has a strong focus on Agile methodology and has worked with clients in industries such as healthcare, education, and finance.
- Number of employees: 3,000+
- Strengths: Strong focus on Agile methodology, extensive global presence
- Major markets: USA, Japan, Europe
- Major tech stack: .NET, Java, Ruby on Rails, Angular, React, etc.
3. NashTech
NashTech is a software development company with headquarters in the UK and offices in Vietnam, Singapore, and Japan. The company was founded in 2000 and has since grown to become a leading software outsourcing provider in Vietnam. NashTech offers a wide range of services, including custom software development, digital transformation, and cloud computing. The company has worked with clients in industries such as healthcare, finance, and retail.
- Number of employees: 1,500+
- Strengths: Strong focus on digital transformation, extensive global presence
- Major markets: UK, USA, Japan, Europe
- Major tech stack: Java, .NET, Angular, React, etc.
4. KMS Technology
KMS Technology is a software outsourcing company based in Ho Chi Minh City, Vietnam. Founded in 2009, the company has since grown to include offices in the USA, and Mexico. KMS Technology offers a wide range of services, including software development, QA testing, and IT consulting. The company has a strong focus on Agile methodology and has worked with clients in industries such as healthcare, finance, and retail.
- Number of employees: 1,000+
- Strengths: Strong focus on Agile methodology, customer-centric approach
- Major markets: Americas
- Major tech stack: Java, .NET, Python, Ruby on Rails, etc.
5. Luvina Software JSC
Founded in 2004, Luvina Software JSC is a top 10 leading Vietnam software outsourcing company with more than 750 in-house employees in Vietnam and Japan. They provide software outsourcing services including software development, testing, operation, and maintenance. Luvina supports ODC (Offshore Development Center) and project-based collaboration models in software development and has rich experiences and a diversity of supported technology stacks.
- Number of employees: 750+
- Strengths: Strong focus on quality, security, and human resource stability. Luvina has its training center called Luvina Academy which provides dozens of high-quality software developers for the company and the Vietnam IT market.
- Major markets: Japan, APAC.
- Major tech stack: Java, .NET, Python, PHP, Ruby on Rails, COBOL, Node.JS, React, etc.
6. Savvycom Software.
Savvycom is a software outsourcing company based in Hanoi, Vietnam. The company was founded in 2009 and has since grown to become a leading provider of custom software development services. Savvycom has a strong focus on emerging technologies such as AI and blockchain, and has worked with clients in industries such as healthcare, education, and finance.
- Number of employees: 200+
- Strengths: Strong focus on emerging technologies, customer-centric approach
- Major markets: Australia, USA.
- Major tech stack: React, NodeJS, Golang, Python.
7. Axon Active Vietnam
Axon Active Vietnam is a software development company with headquarters in Switzerland and a strong presence in Vietnam. The company was founded in 2008 and currently employs about 500 employees across its offices in Ho Chi Minh City, Da Nang, and Can Tho.
Axon Active Vietnam specializes in providing custom software development, quality assurance, and IT outsourcing services to clients in various industries, including healthcare, finance, e-commerce, and more.
- Number of employees: 500+
- Strengths: highly skilled and experienced workforce, customer-centric approach.
- Major markets: Europe, the United States, and Asia.
- Major tech stack: Java, .NET, Ruby on Rails, React, Angular, etc.
Summarize
In conclusion, these top software outsourcing companies in Vietnam are highly recommended for your project needs. With a wealth of experience and expertise in the field, they can confidently handle even the most complex projects with ease. Along with their ample resources and supportive working culture, these companies also offer competitive prices without compromising on quality. It’s important to note that each company has its own unique strengths, so it’s crucial to carefully consider which one is the best fit for your project’s specific requirements. With these companies at your fingertips, outsourcing your projects to Vietnam is a promising option to explore.
| Company Name | Number of Employees | Strengths | Major Markets | Offices | Major Tech Stack | Year of Establishment |
| FPT Software | 17,000+ | Quality software development, IT consulting, strong focus on emerging technologies, extensive global presence. | USA, Japan, Europe, APAC, and Australia. | Hanoi, Ho Chi Minh City, Da Nang (Vietnam), Singapore, Japan, Australia, China, Hong Kong, France, Germany, Slovakia, Czech Republic, United Kingdom, Belgium, Denmark, USA, Canada, UAE, etc. | Java, .NET, C++, etc. | 1999 |
| TMA Solutions | 3,000+ | Custom software development, IoT, Blockchain | USA, Europe, Japan, Australia | Ho Chi Minh City, Da Nang, Hanoi (Vietnam), USA, Europe, Japan, Australia. | .NET, Java, C/C++, etc. | 1997 |
| NashTech (Former known as Harvey Nash) | 1,200+ | Software development, IT consulting, BPO | Europe, USA, Australia | Ho Chi Minh City, Hanoi, Da Nang (Vietnam), Singapore, Japan, UK, US, Canada, etc. | Java, .NET, PHP, etc. | 2000 |
| KMS Technology | 1,000+ | AI & ML, DevOps, Mobile App Development, Software Testing, MVP Product Development, Platform Modernization, Data Analytics, Software Engineering | Americas | Ho Chi Minh City, Da Nang (Vietnam), USA, Mexico. | Java, .NET, Python, Ruby on Rails | 2009 |
| Luvina Software JSC | 750+ | Software Development Outsourcing, Offshore Development, IT Outsourcing. | Japan | Hanoi, Da Nang (Vietnam), Kawasaki (Japan) | Java, .NET, PHP, Python, NodeJS, COBOL, Ruby, React, GoLang, C, C++ | 2004 |
| Savvycom Global Inc. | 300-400 | Mobile app development, custom software | USA, Australia | Vietnam, USA, Australia | React, NodeJS, Golang, Python. | 2009 |
| Axon Active Vietnam | 400-500 | Agile software development, offshore development | Switzerland, Germany, USA, APAC | Da Nang, Ho Chi Minh City, Can Tho (Vietnam), Switzerland, USA. | Java, .NET, PHP | 2008 |