The Blockchain Industry in Vietnam has been experiencing significant growth and success over the past few years, driven by various factors such as government initiatives, favorable economic conditions, and technological disruptions. This article will provide a comprehensive overview of the key statistics, factors contributing to its growth, industry growth and comparison to previous years, key trends, challenges, and future outlook.
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VMO GROUP
695
+84 24 3312 0103 sales@vmogroup.com
Inspired by your business needs, inspire you with top-notch IT solutions. Over ten years of turning the same passion for technology and software development into business, VMO Holdings has developed and become a trusted partner of over 500 companies from 40 countries and continents in designing and developing mobile applications and websites. We have assembled a team of product whizzes, design masters, development geniuses, and tester ninjas. Because of working in high-quality demand markets from 4 continents (Europe, Asia, North America, and Africa), we always ensure the product’s technical quality and beautiful graphic interface on various platforms. Find us at: Website: vmogroup.com Twitter: @VMOHoldings Or Email: info@vmogroup.com
SOTATEK., JSC
559
+84 96 356 77 29 sales.korea@sotatek.com
SotaTek is a part of Sota Holdings, a global Software Development as a Service (SDaaS), IT Outsourcing & Consulting group headquartered in Vietnam, who delivers sustainable Software Development, including Web/App/Game Development, Blockchain, AI & Machine Learning, ERP with cost- effective solutions. During 7+ years of development, our 1000+ talent team has top-notch IT consultants and developers who share deep expertise to guarantee the best project outcomes for clients in various industries, such as Banking & Finance, Insurance, Automotive, Media & Entertainment, Retail & Consumer Goods, Healthcare, Education, etc. We have successfully provided full-cycle IT services to our clients network from 25 nations worldwide, with 500+ projects and are expanding rapidly. SotaTek stands for State of the art Technology”, showing our passion and determination to provide the most hi-tech IT development services and satisfy any clientss business needs. Our head office is in Hanoi, Vietnam and in…
SGH ASIA LTD.
49
+84 28 3997 9735 careers@sgh.asia
While most companies are still struggling to come to grips with the era of the “digital age” emerging technologies such as blockchain, AI, and IoT, are already driving us into the era of the “intelligence age.” In addition to automation and digitalisation, the need for companies to have innovative ideas that are powered by intelligent technologies has never been greater. We partner with our clients to ensure that they thrive in the age of intelligence by driving real innovation, unlocking value, and helping them to transform and grow their business. While every challenge and pain point is unique from company to company, we believe that exceptional talent enabled by breakthrough technologies will always uncover intelligent solutions. Every interaction with SGH Asia is a significant step to your digital transformation as we embed innovation at the core of your business and scale it across the entire organization. From needs analysis to ideation through to development, implementation, a…
NEWWAVE SOLUTIONS - EXPERT SOFTWARE & BLOCKCHAIN DEVELOPMENT
103
+84 98 531 02 03 sales@newwave.vn
Newwave Solutions is a Vietnam-based software development company. With a decade of expertise offering high-quality of outsourcing services at a cost-effective price to enterprises and startups, we have built a wide range of tech-enabled solutions by leveraging disruptive technologies in: Mobile, Web, Cloud, Blockchain, AI, Big data. We work with variety of domains: Real Esate, Healthcare, Financial, Marketing and Advertising. Our vision is to provide high-quality of outsourcing services to emerge technology that bringing effectiveness to clients. We hire and empower experienced engineers, innovate our process to professionalize our end-to-end technology services with unprecedented affordability, transparency and insights.
GEM - GLOBAL ENTERPRISE MOBILITY
122
+84 24 6664 0520 contact@gemvietnam.com
Established in 2014 with founders from the USA and Vietnam, GEM has become known for its outstanding contributions to Vietnamese IT industry. The company has been offering world-class services to clients in North America, Nordic Area, Japan, Korea, ASEAN. GEMs portfolio is built around: - Enterprise Web & Mobile Development - Microservices/ API Management - Low-code/ RPA - Blockchain/ AI/ IoT - Data Analytics With capability, profound knowledge, and extensive experience in top-notch technologies, GEM has been able to develop effective solutions with enduring impact. In addition, GEM provides solutions and services to clients of a wide range of industries, from Finance, Manufacturing to Healthcare, Telecommunications, and Education, making it a versatile and dynamic global provider. For more information, please visit our website https://gemvietnam.com/
NCCPLUS VIETNAM
114
+84 24 6687 4606 info@ncc.asia
NCCPLUS Vietnam Joint Stock Company is a software firm and IT outsourcing service provider based in Vietnam. NCC highly specializes in providing a wide range of solutions including Mobile and Web Application Development, Cloud and Microservices Development, Game Development, Blockchain Development, Software Testing, AI and IoT, VoIP Development, etc. After 8 years of development, NCC has successfully built and developed teams of experts with multiple experiences and advanced technology understandings to deliver full-cycle IT solutions to millions of users from all corners of the world. We are proud to be able to bring efficiencies and optimum services to clients in various fields of public administration, education, finance & banking, insurance, healthcare, retail & ecommerce, sports, entertainment, etc. In its journey, NCC strives to become a symbol of the IT outsourcing field by constantly enhancing knowledge and capabilities, meeting divergents needs in the market.
AGILETECH VIETNAM
54
+84 93 628 10 59 contact@agiletech.vn
AgileTech Vietnam is a quality outsourcing/offshoring company in Website/Mobile Apps, Blockchain services, AI - big data services. With talented team, we served customers from US, Canada, EU, Australia, New Zealand and Singapore. Our vision is to become a reliable and long term technical partners, contributing for customers succeed. AgileTechs Highlights: - 5 years. - 30+ Partners. - 100+ Successful Projects. - 60+ Talented Members AgileTechs Awards: - 1st prize in Startup Weekend Hanoi 2013 - Speakers for many international & national events For more information about AgileTech, please visit: http://agiletech.vn
SOFTWARE DEVELOPMENT AEGONA LTD
27
+84 28 7109 2939 contact@aegona.com
💥 AEGONA - IT SERVICE & SOFTWARE DEVELOPMENT 💥 Aegona is an IT service company based in Ho Chi Minh city, VietNam. At Aegona we provide Software Development, Software Testing, Automation Testing and Software Maintenance services for North America, Japan, Singapore, United Kingdom and VietNam. ⭐️ Providing end-to-end software solution: From idea to design, implementation, testing, deployment, maintenance and support ⭐️ Software Outsourcing: Web Design (Graphic Design, Front-end development, back-end development), Mobile Development (Native App, React Native, Xamarin), System Integration, Offshore Development Team 👍 OUR SPECIALITY ✅ Microsoft Technology: Asp.Net, Asp.net core, SharePoint, Microsoft Dynamic CRM,... ✅ Web Development: Html5/css3, JQuery, AngularJS, Angular2/4, Node.js, ReactJS, VueJS,... ✅ Mobile Development: Native Application (iOS, Android, Windows), Hybrid Application (ReactNative, Xamarin)... ✅ Cloud-Based Development: Azure Cloud, Amazone Cloud AWS, Google Clo…
KIAISOFT株式会社
32
+84 98 285 14 86 contact@kiaisoft.com
https://kiaisoft.com/== iOS Swift / Android Kotlin / Android Java / Flutter / Python / PHP / Ruby . Node / VueJS / ReactJS / React native など様々な言語 による開発実績を有しています。 日本での仕事から学んだことをベトナムに持ち帰りたいという思いがきっかけででKIAISOFTを設立いたしました。 「ベトナムの価格で日本水準のサービスを提供すること」が私の願いです。 あわせて、KIAISOFTが日本の皆様によい製品を提供することで、日本とベトナム友好の一助となれば、これほど嬉しいことはありません。 どうぞよろしくお願いいたします。 === English === Born in early of 2019, Kiaisoft is founded by four talents have alots of experience in Offshore Development. We deliver world-class services in Web, Smartphone Application, AI and IoT. We also provide cosultant service for partners who is not have much experience to operate their service. We strongly believe in future of AI, Machine Learning and IoT. We are invest in reasearching these technology to intergrate in partner service to make a better experience. Our mission is provide trustworthy service for our partners. Together, we can create a better life using our service!
NSC SOFTWARE - PREMIER SOFTWARE DEVELOPMENT COMPANY
64
+84 866 639 497 contact@nscsoftware.com
NSC Software is a premier software outsourcing company of Vietnam. With sheer customer satisfaction in mind, we are profoundly dedicated to developing world-class apps and providing top IT talent that enables all organizations to extend their IT capabilities.
VNEXT HOLDINGS
136
+84 24 3765 9555 sales@vnext.vn
Founded in January 2008, VNEXT HOLDINGS is a consulting and software development company. At the present, we have 3 offices in 3 different locations: Hanoi (Viet Nam), Danang (Viet Nam), and Tokyo (Japan) With more than 400 employees, at VNEXT HOLDINGS, we believe that people are our most important assets. We recognize and reward their contributions and commitment. We encourage leveraging their strengths. We always welcome Vietnamese talents from Developer (PHP, .NET / C #, Java, Ruby, Python, SAP, NodeJS, iOS, Android, React Native, AI, Blockchain...) to other positions such as Comtor, BrSE, Tester... to update the advanced and modern technology for applying to the products we develop. Send us your Resume: hr@vnext.vn Phone: (+84) 24 3765 9555 (Ex: 110)
WAVERLEY SOFTWARE VIETNAM
15
+84 94 301 23 05 info@waverleysoftware.com
Waverley is a US software engineering firm with 30 years of experience. Translate your vision and business sense into high-impact products of tomorrow with the help of our extended software development teams in Latin America, Eastern Europe, and South East Asia. Building the Future On the Past: Since the early 1990s when Matt Brown started Waverley, he has had a strong vision of the role of technology in shaping our future. He wanted to help entrepreneurs build products that would make a difference. His dream led to the company we are in now. Today we are a global, integrated team of over 350 people in the US, Australia, Latin America, Eastern Europe, and South East Asia. Still a founder-run company, we’ve embodied Matt’s core founding values. Our common goal—to create products that inspire, ignite ideas, provide real solutions for the world’s problems and change people’s lives for the better—informs everything we do.
WORLDLINE X A.I BLOCKCHAIN ENTERPRISE
34
+84 96 868 31 91 info@worldline.technology
WORLDLINE TECHNOLOGY we bring The First Technology from the World to Vietnam and we Invent New Technology from Vietnam Minh Duc Founder & CEO [m]: +84 968 68 31 91 [e]: duc.minh@worldline.vn [a]: River Gate Building, 151 Ben Van Don, Dist. 4, HCMC
FTECH CO., LTD
163
+84 24 3661 6333 info@ftech.ai
Computer Software 201-500 employees 35 on LinkedIn A startup focusing on creating disruptive AI products to transform businesses. We set our sights on making real impact on traditional businesses. Ftech.AI’s mission is to make contribution to Vietnam business using AI technology. Our vision is to become a top brand in Vietnam by 2020 and go to global by 2023. We are building team of great business and tech people, and, consequently, we are confident of achieving our targets. Join us to research and develop cool AI products. Domain-Assistant Bot: combination of domain data + NLP + chatbot. On-Demand Personalizer: predict what customers are looking Deep-Insight Looker: to detect who-what-how relations on business data.
HORUSOFTACEAE
14
+84 28 3526 8589 support@horusoftaceae.com
WHO WE ARE HORUSOFTACEAE is a provider of platform development services and IT consulting. We are leading 4.0 technology solution in Vietnam that focus on application platform market with international compliance and standard, we have helped non-IT organizations to improve business performance and quickly acquire new clients. WHAT WE DO With superior experiences in Information Technology, we have built up expertise in Agile Software Development, Custom Medical Platform, Learning Management System, Custom E-commerce Website, Data Analytics, Data Security, Electronic Data Capture, and other areas and conquered such innovative fields as Artificial Intelligence and Machine Learning, Internet of Things, DevOps, Blockchain.
SYNODUS
83
+84 778 345 155 contact@synodus.com
Synodus is derived from “Synergy”. Let’s work together to achieve greater! Synodus is a pioneering software development company with 300+ mavericks in Custom Web/Mobile App/ Software Development, Blockchain Implementation, Data Analytics and Low Code Development. We partner with leading companies and seasoned experts across industries and verticals to build successful software. Their in-depth expertise combined with our robust technology capabilities enables us to excel in all fields of software development and accommodate the complex infrastructure needs of organizations across industries, types, and sizes. Our mission is to work with leaders, market movers, and visionaries to shape the digital world of the future. Partner with Synodus to build tomorrow today. Thrive with us: +84 97 997 82 89 contact@synodus.com
VIETIS CORPORATION
20
+84 357 594 881 contact@vietis.com.vn
Our company VietIS was established in 2009 in Hanoi, focusing on the highly demanding quality markets such as Japanese and APAC. We always work hard, highly disciplined to provide reliable offshore software services at affordable cost but high quality. We are offering several services: Blockchain Technology, Application Development/Maintenance, Digital Transformation, UI/UX Design, and Engineer Dispatch, you can see details of our work on web site www.vietis.com.vn/en/
VINSOFTS JSC
37
+84 96 167 82 47 info@vinsofts.com
Vinsofts is a software outsourcing and IT consulting service provider that was initially established in July 2013 with the name of VIN software company limited. However, in 2016, the company was officially re-named to Vinsofts JSC with the purpose of creating a strong brand image within the IT industry. Vinsofts range of services are: – Mobile application Development – Web, Cloud, E-commerce software Development – 4.0 technology application software Development (Blockchain, AI, BigData, IoT, …) – Training services in the field of information technology Mission “To provide user-friendly and customizable IT solutions as well as good value outsourcing services” Vision “To be every business’ IT partner” Core values – Honest – Proactive – Creative – Responsible – Customer-oriented Key companys indicators – 6+ years in the market – 100+ customers – 260+ projects – 90% customer loyalty – 80+ employees
RFOX
53
partnerships@rfox.com
RFOX was founded in 2018 with the purpose to be one of the world’s foremost metaverse builders. Our mission is to empower everyone to play, create and earn in an immersive metaverse without borders. We are creating a metaverse that acts as a platform connecting whitelabel services in one central hub. Businesses and creators can tap into tools for finance, gaming, VR, NFTs, e-commerce and retail and market to a ready-made audience of users.
MIRAI LABS
63
customerservice@mirailabs.co
Mirai Labs is an international mobile game developer with offices in Hanoi, DaNang and Ho Chi Minh, Vietnam. Mirai Labs first game release, Pegaxy achieved almost $200M in secondary market sales just 3 months after release.
Top Blockchain Companies in Vietnam
Key Statistics from 2022
Vietnam's GDP grew by 6.5% in 2022, reaching USD 389.4 billion, which is the highest growth rate in the ASEAN region. The Blockchain industry has been a significant contributor to this growth, accounting for a considerable portion of the country's GDP and employing thousands of people.
The employment rate in the Blockchain industry has also been growing at an unprecedented rate, with an average of 35% per year for the past five years. In 2022, the industry employed around 10,000 professionals, making it one of the fastest-growing sectors in Vietnam. The country's favorable demographics, low labor costs, and skilled workforce have attracted many multinational corporations to set up their Blockchain operations in Vietnam, creating more job opportunities in the industry.
Factors Contributing to its Growth and Success
One of the primary factors contributing to the growth and success of the Blockchain industry in Vietnam is the government's initiatives to promote the development of the IT sector. The Vietnamese government has implemented various policies and programs aimed at creating a favorable environment for the growth of the Blockchain industry, such as tax incentives, investment in infrastructure, and the establishment of IT parks.
The government's efforts have also been directed towards building a skilled workforce, with a focus on improving the quality of education in science, technology, engineering, and mathematics (STEM) fields. As a result, Vietnam has become an attractive destination for Blockchain investments, with many multinational corporations establishing their Blockchain operations in the country.
Industry Growth and Comparison to Previous Years
The Blockchain industry in Vietnam has been growing rapidly over the past decade, with an average growth rate of 35% per year. The industry has expanded from offering basic Blockchain solutions to providing more complex solutions such as smart contracts, digital identity management, and decentralized finance.
The industry has also seen an increase in the number of Blockchain startups, with many young entrepreneurs establishing their own consulting firms. In 2022, Vietnam had around 400 Blockchain startups, indicating a significant increase from the previous year. These startups are focused on providing innovative solutions to various industries, including finance, healthcare, and logistics.
Key Trends Including Technological Disruptions
The Blockchain industry in Vietnam is experiencing significant technological disruptions, with the emergence of new technologies such as artificial intelligence, big data analytics, and the Internet of Things (IoT). These technologies have the potential to transform various industries and create new opportunities for Blockchain consulting firms.
Artificial intelligence (AI) is one of the most significant technological disruptions in the Blockchain industry, with the potential to revolutionize various business processes. Many consulting firms in Vietnam are investing in AI to provide more sophisticated solutions to their clients.
Big data analytics is also gaining momentum in Vietnam, with many startups focusing on developing big data-based Blockchain solutions for industries such as finance and logistics. The Vietnamese government has also recognized the potential of big data analytics and is exploring ways to leverage it for various purposes, such as improving supply chain management.
Challenges
Despite the rapid growth and success of the Blockchain industry in Vietnam, there are several challenges that need to be addressed. One of the main challenges is the shortage of skilled Blockchain professionals, particularly in the areas of emerging technologies such as AI and big data analytics. To overcome this challenge, the government and the private sector need to invest in upskilling and reskilling programs to build a more skilled workforce.
Another challenge faced by the industry is the lack of proper regulations and standards. The Blockchain industry is relatively new in Vietnam, and there is a need for the government to establish regulations and standards to ensure data security and privacy. The industry also needs to work on educating its clients on the importance of data security and privacy to build trust and credibility.
Future Outlook
In terms of the future outlook, the Blockchain industry in Vietnam is expected to continue its growth trajectory, driven by the increasing demand for Blockchain solutions and the country's favorable business environment. The industry is also expected to benefit from the growing trend of digital transformation in various industries, which will create new opportunities for Blockchain consulting firms.
One area that is expected to see significant growth in the Blockchain industry is decentralized finance (DeFi), which is a new financial system built on the Blockchain technology. DeFi has the potential to disrupt the traditional financial system by providing decentralized and transparent financial services to everyone, regardless of their location or financial status.
Another area that is expected to see growth in the Blockchain industry is digital identity management. The Blockchain technology provides a secure and decentralized way of managing digital identities, which is essential in today's digital world. Many startups in Vietnam are focusing on developing Blockchain-based digital identity solutions for various industries, including finance and healthcare.
Conclusion
In conclusion, the Blockchain industry in Vietnam has emerged as a significant contributor to the country's economy, driven by government initiatives, technological disruptions, and favorable economic conditions. The industry has experienced rapid growth and is expected to continue its growth trajectory in the coming years. However, challenges such as the shortage of skilled Blockchain professionals and the lack of proper regulations and standards need to be addressed to ensure the industry's long-term sustainability.