In comparison to countries in Eastern Europe and Eastern Asia, Vietnam is a relatively new market with lower costs, well-trained IT personnel, and more favorable legislation. But how do you apply the model to your own business? In this article, we will audit the condition of outsourcing in Vietnam as well as publish a list of the top 11 Vietnam offshore software companies so that you have a complete understanding of why and how you may employ software development services in this competitive market.
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Offshore Software Development Overview
Offshore Software Development is a type of outsourcing in which a third-party software supplier from a faraway country is hired. If you outsource software development, you should anticipate that the company’s headquarters will be remote from where you are. Then assign them the more difficult programming tasks for your project. For instance, you are a business based in the US and you want your project to be handled by a Vietnam IT outsourcing company.
The primary reason why organizations choose offshore software outsourcing is a benefit of lower labor costs. Without sacrificing the project’s quality, it can help you save a ton of time and money. It might offer a remedy for the scarce financial and human resources. Additionally, through offshore development, you can gain access to a sizable pool of skilled and qualified software engineers who have a lot of experience creating software applications that meet high standards and quality around the world.
Why is Vietnam an ideal destination for software outsourcing development?
Vietnam is steadily gaining ground and expressing its competitive position in the industry of offshore software development. Due to a population of the ideal labor force, which is youthful and committed to the industry, Vietnam offshore software has provided clients from across the world with a range of international-level projects, with reasonable service costs and enthusiastic assistance from the offshore development team. Therefore, it is a great option for customers looking for Vietnam software development.
1. Reasonable price
At the moment, India is the most well-liked outsourcing location worldwide. However, according to Innotech, outsourcing software development in Vietnam is 50% less expensive than its competitors in India and China, even though the products are of a higher quality and have the same amount of capacity.
Additionally, Vietnam software outsourcing costs only $20,000/person a year there compared to $40,000 in India. Vietnam is now the strongest candidate for offshore development projects based on these statistics.
The cost difference between India and Vietnam will widen even further as Indian enterprises progress through their maturation cycle. India will certainly see an increase in outsourcing expenses in the years to come.
2. Abundant workforce
Positive trends can be seen regarding Vietnam’s human capital. Some of the most important developments in the Vietnam offshore software workforce in recent years include:
- Top 7 Asian nations having the highest average EF EPI score.
- Asia’s top 5 nations where English proficiency is improving the quickest.
- Top 10 nations with the most engineering degrees worldwide.
- Top 10 international students’ home nations in important markets for study abroad.
- Top 10 nations in Asia-Pacific by human capital index.
- Top 10 in regional groupings for talents related to global attraction and knowledge.
- Top 30 countries in the world and the top 2 SEA nations for basic academic abilities
Additionally, there are over 90 million people living in Vietnam, and more than 60% of them are under the age of 30. Being one of the nations with a young population, the Vietnamese, or more precisely the Vietnamese workforce, are thought of as quick learners, dynamic, innovative, tech-savvy, and adaptable to changes.
In addition, despite having a population of more than 97 million, 60% of Vietnamese citizens are under the age of 30. In Vietnam, the government has given young people good care in terms of their spiritual and educational development. Vietnamese students, on the other hand, are frequently recognized for their quick acquisition of knowledge. The majority of them have high to great academic backgrounds, which are attested to by standardized exams, recommendations from international recruiters, honors, and prizes. It is understandable why there are more and more teams of young software developers.
3. Stable disease situation
Vietnam’s capacity to regulate and control coronavirus-related illness is among the most crucial factors explaining why it is today able to assert itself to the rest of the world in terms of political stability and working conditions.
Millions of COVID-19 cases have been reported worldwide, and the pandemic has claimed thousands of lives. In particular in Southeast Asia, the Philippines has surpassed Indonesia as the region’s largest epidemic zone.
11 best Vietnam offshore software companies in 2023
Without the aid of software development businesses and their technological know-how, many organizations would be unable to boost their productivity and reach the appropriate level of satisfaction. It’s crucial to pick the proper organization to lead you through the process and assist you in finding the finest solutions given the constantly evolving technological requirements. You can choose your Vietnam software development company that will seek out the most affordable means of achieving your goals from this below list.
BiPlus
As an agile Vietnam software company, BiPlus offers customers better products and quicker time to market thanks to its:
- Long history in managing software development projects using agile methodologies and technologies.
- Capturing the system, comprehending client needs and problems, and proposing efficient technologies in a timely manner to provide efficient product development.
Additionally, BiPlus have a great deal of experience running huge projects, setting up procedures, and putting software development tools in place. BiPlus is able to assess and comprehend each customer’s wants and issues, offer advice on the best course of action, and be there for them from the moment a need occurs until the product is delivered. Based on a thorough understanding of the enterprise’s vision, values, issues, and goals, BiPlus can accompany and ensure constant and continuing value in developing software for clients’ businesses.
Savvycom
Savvycom is one of Vietnam’s major information technology companies, specialized in digital transformation consulting services and software solutions for local and international enterprises in finance, healthcare, and retail. The company’s mission is to leverage engineering resources in Vietnam and empower businesses worldwide by leveraging the power of technology, becoming a leading IT company in the ASEAN region and beyond, with headquarters in Hanoi and three representative offices in Ho Chi Minh City, the United States, and Australia.
The company’s successes can be seen in its 100+ customer endorsements, including Fortune 500 businesses, more than 20 international honors and medals, and strategic relationships with technology brands like Apple, AWS, and Microsoft.
KMS Technology
KMS Technology, formed in 2009, is a U.S.-based engineering and services corporation with development sites in Vietnam. KMS Technology is trusted by international clients due to the high quality of its products and the experience of its Vietnamese engineers.
KMS is committed to making a long-term social impact in Vietnam offshore software industry by collaborating with non-profit organizations that provide fair and better employment opportunities for underserved students. In Vietnam, the company regularly collaborates with universities, takes part in IT training activities and specialized events, and sponsors scholarship programs.
Rikkeisoft
Rikkeisoft offers software services and solutions to clients all over the world, including Web/Cloud Systems, Mobile Applications, Games, and Blockchain, as well as AI, IoT, Business Processing, and Embedded Systems. Eight years after their inception in 2012, they have effectively established three branches and three connected firms around Vietnam. They take pride in our mission to improve people’s lives through advanced technology. Their goal is to have 10,000 employees by 2025 and to be one of Southeast Asia’s top Vietnamese software development companies.
Positive Thinking Vietnam
Positive Thinking Company is a global independent digital consultancy organization that serves clients of all sizes. They have a staff of over 3,500 outstanding tech specialists on the ground in over 35 countries across Europe, the United States, Asia, Australia, and Africa. They believe that working together makes the world a better place. Their distinct open ecosystem concept enables us to provide end-to-end technology solutions. Their services draw on a diverse set of skills, including apps and platforms, security, cloud, data and analytics, hyper-automation, and digital workplace.
CMC Global
CMC Global is a CMC Corporation subsidiary dedicated to bringing Vietnamese ICT products, solutions, and services to the international market. We are proud to be the leading company in Vietnam in providing a wide range of comprehensive IT Solutions & Services to organizations worldwide, ranging from traditional services to Digital Transformation, as well as Consultancy, having been established in March 2017 as a strategic move by the Corporation to enter the global stage.
Tpp Technology
TP&P is one of the top, most diverse, and pioneering IT service providers and investment management organizations in Vietnam. TP&P applies its broad experience and specialized knowledge to a variety of technological startup investment and service delivery techniques, such as software development, development and cloud management, and business consultancy.
Smart OSC
SmartOSC, formed in 2006, is a full-service e-commerce agency. Among the company’s more than 500 global clients include Lotte, Courts, PayPal, Boozt, SpaceX, Smartbox, eWAY, Priceline Pharmacy, Club 21, and Delta Apparel. As of January 2017, SmartOSC has 500+ workers and offices in Vietnam, Australia, Singapore, the United States, and the United Kingdom.
SmartOSC, among other Vietnam offshore software companies, offers consulting, UI/UX design, development, and managed services. The company’s technical and business expertise is built on a few platforms: Magento, Sitecore, Adobe, Hybris, and Kentico.
NashTech Vietnam
NashTech is an Vietnam offshore software company which strives to create a nurturing environment that promotes employees’ professional and personal development. They put in the time, effort, and determination to create a second home for their employees, where everyone is encouraged to be their most authentic self
Orient Software
Orient Software was founded in 2005. Orient is currently one of Vietnam’s biggest software development firms. After more than 15 years of providing professional IT solutions, Orient’s strong team of 315 skilled and experienced IT experts collaborate to provide custom software development solutions to clients with small to corporate-sized businesses worldwide.
Saigon Technology
Saigon Technology Solutions is a Vietnam software development outsourcing firm that focuses on providing clients with cost-effective solutions. Customers are located in the United States, the United Kingdom, Australia, Germany, and the Netherlands. Custom application development, online application development, and mobile application development are among their offerings. It is not only ranked among the top software development firms in Vietnam offshore software companies but also the world. Saigon Technology Team also offers NET Core, Java, PHP, ReactJS, Angular, Azure, AWS, microservices, and machine learning. Kaercher, Abbott, Panasonic, Topicus, and DMI Inc. are among its prestigious clients.
Offshore software development services have emerged as a realistic option for organizations seeking to compete in a globally competitive and costly sector. As such, Vietnam is a great destination for outsourcing software development for your company or project. In this blog post, we explain how it works, what offshore modeling really entails, and how to outsource your software development tasks to Vietnam. Therefore, we hope you can find your ideal software development company in Vietnam.
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