The gaming industry in Vietnam has experienced remarkable growth in recent years, driven by several factors such as government initiatives, technological advancements, and a growing demand for entertainment. In this article, we will explore the key statistics, factors contributing to its growth and success, industry growth and comparison to previous years, key trends, challenges, and the future outlook of the gaming industry in Vietnam.
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MIRAI LABS
62
(blank) 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.
APPOTA
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Appota is the pioneering company in providing technology solutions and digital entertainment content in Vietnam. Our comprehensive entertainment ecosystem is comprised of over 55 million users. We are among the top five largest game publishers, and the official partner to the Facebook Gaming Creator network in Vietnam. Our strengths reside in: Game Publishing, Digital Advertising, Digital Payment Service, and Digital Transformation. With unremitting efforts, the company has won many achievements including the Most Disruptive Award by The Founder Institute in 2012, and the title of The company with most potential in Vietnam in 2013. Together, Appota has gone through four complete investment rounds, having received funding from investors across Vietnam, Singapore, South Korea, and Japan. Appota Group currently owns 5 companies: Gamota (Game Publishing Company), Adsota (Digital Marketing Company), AppotaPay (Payment & Fintech Company), ACheckin (Business Operation Management Solutions Com…
ALLEY LABS
4
+84 24 3972 8621 hello@alleylabs.com
East meets West in this Silicon Valley run Game Studio based out of Hanoi, Vietnam. We take all the expertise of modern gaming from around the world, and let it fuse under one roof. We draw inspiration from classic arcades to modern tech, helping us create villains you love to fight, armies you want to command, and worlds you want to escape too. Our passion for all things gaming brings out the odd, quirky, and straight up bazaar in all our team, and we wouldnt want it any other way. Our expertise has seen us working with major global brands over the last decade, taking the team to new heights and achievements, but as far as we are concerned, were just getting started. Alley Labs is an independent game production studio, and has been the driving force behind many titles including Tribal Rivals, Meteor Biltz, Final Fortress - Idle Survival, Pocket Cafe, Pet Hotel, Sketch It, and more. We are proud to announce the launch of tour own Word Genius Puzzler Mobile Game.
PURE MODERATION
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+84 24 3972 8621 hello@puremoderation.com
Pure Moderation - a brand of Gear Inc. (https://www.linkedin.com/company/gearinc./ ) Pure Moderation is a global business process outsourcing vendor specializing in a range of services based in Vietnam, Laos, Indonesia, Thailand, Philippines, India, Italia, Japan, Singapore, and the USA. We provide tailored and affordable solutions in response to the custom needs of our clients. Whether your requirements involve time-based operations or large deployments, our team can quickly scale up or down to suit your needs. Together with various team sites from different nations, our human resources team is diversified to accommodate multiple languages. We have a portfolio of high-profile clients, from small start-ups to global organizations, we make sure our services are tailored to every business size. Having worked with clients from different parts of the world. We build trust through high-quality services, open communication, seamless integration, and confidentiality. We are also proud of …
CÔNG TY TNHH ĐẦU TƯ CÔNG NGHỆ TECHZONES
12
+84 1900 0000 support@techzones.vn
Techzones Company specializes in distributing laptops, gaming laptops, PCs, gaming gear, e-reader, phones, tablets,...
IDEALOGIC VIETNAM
57
+84 28 6267 6161 info@idealogic.com
iDeaLogic is an IT outsourcing company specializing in software and application development which serves big clients in Europe. Founded in the Netherlands, iDeaLogic has continually grown in size and capability. We fully embrace the agile software engineering principles and use SCRUM to manage our projects. Our developers are capable of handling several programming languages, creating extensive architectures, advising, delivering cost-effective, quality software solutions and communicating with foreign clients. Due to the fast expending of our company, we are looking for qualified, talented and passionate candidates to fill our current job vacancies.
GAMER.LK
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Gamer.LK is the pioneer Sri Lankan Esports company which works towards bringing Esports to gamers in South Asia. Established in 2007, it now hosts the largest Esports, Gaming and Digital Entertainment events in Sri Lanka. Find out more at https://gamer.lk
TEKO VIỆT NAM
292
+84 24 7308 6336 tuyendung@teko.vn
TEKO was established on Jan 13th 2017 as a company providing new generation retail solutions under VNLIFE group a leading technology unicorn in Vietnam. TEKO accompanies and supports Enterprises to effectively develop and expand multi-channel business activities through technology solutions. With the mission: “IMPROVING LIVES THROUGH TECHNOLOGIES” a team of 300 software engineers understand the specifics of the industry and have rich experience in implementing commercial projects in electronics and omni-channel sales for many large companies and corporations. TEKO has researched and produced optimal solutions, applying leading technologies (Cloud, Blockchain, AI, AR,...) to meet the sales and administration needs of enterprises.
SUMMONERS ARENA
9
(blank) support@summonersarena.io
Summoners Arena, which centers on the antique lore of Summonia and its Heroes, is set out to be a multi-game universe of various genres made into a franchise supported by Onechain Technology (backed by Onesoft - a gaming company that is ranked in the top 2 SEA and top 16 worldwide according to App Annie in 2021). Summoners Arena Idle is the franchise flagship where players collect, upgrade, evolve Heroes, and forge Items to compete in different game modes. Summoners Arena is set out to be a multi-game universe of various genres made into a franchise supported by Onechain Technology. Summoners Arena Idle is the franchise flagship where players collect, upgrade, evolve Heroes, and forge Items to compete in different game modes. Contact us 📧social@onechain.game 🔍https://summonersarena.io/#
SONAT GAME STUDIO
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+84 91 167 50 86 support@sonat.vn
Sonat Game Studio officially came into operation in 2017 and quickly became one of the potential game developing companies in Vietnam. Our main products are puzzle mobile games. We produced four primary game series consisting of Sort, Bubble, Block and Connect Series. Until now, the number of those subcribing and downloading Sonat games has reached hunreds of millions of people around the world. As one of the leading puzzle game companies in Vietnam, Sonat always tries our best to bring quality products, great gaming experiences and spread joy to all over the world.
PHONG VU TRADING - SERVICE COMPANY
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+84 1800 6865 cskh@phongvu.vn
- Founded in 1997 as a computer shop, Phong Vu has grown into one of the most reputable retailers in Vietnam. Uniquely focused on information technology products, gaming devices, office equipment and hi-tech products, Phong Vu has been bringing to the market products from leading brands such as Dell, Asus, HP, MSI, Lenovo… - During our 23 years of development, at Phong Vu, we have always been aiming at going beyond a computer business but trying to enrich peoples lives through providing our customers with a wide variety of modern technology gadgets and our signature high-quality services.
RFOX
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(blank) partnerships@rfox.com
RFOX was founded in 2018 with the purpose to be one of the worlds 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.
CREATORY
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𝗔𝗕𝗢𝗨𝗧 𝗖𝗥𝗘𝗔𝗧𝗢𝗥𝗬 & 𝗪𝗛𝗔𝗧 𝗪𝗘 𝗗𝗢 Founded in 2015, CREATORY - “Create a Story” - a Content Creation / Content Marketing / Content Technology company. Our main services currently include: Talent Management, PR / Influencer Marketing, Contents Production, Contents Distribution; future includes: Community & Fan, Data Analysis, Virtual Production. CREATORYs purpose (MTP) is TO BRING JOY TO BILLIONS YOUNG GENERATION BY ENABLING EVERYONES TALENT with vision to influence young generations consciousness to higher-level by conveying inspiring messages & information through easily-consumed video content. Besides, we expect that can make the creative industry more transparent and by doing so, help creative people & companies grow and become more successful at what they do. Our platform has a wide portfolio of influencers that are categorized into main fields such as gaming, music, lifestyle, edutainment, etc. Some of our most popular content creators are influential and inspiring positive living t…
ZITGA STUDIO
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+84 346 396 067 tuyendung@zitga.com
Driven by a shared passion for crafting captivating mobile games and a vision to establish a Vietnamese game development studio with a global reach, Zitga Vietnam Joint Stock Company (Zitga Studio) was founded in 2015. Over the years, Zitga has made certain accomplishments in the gaming industry in Vietnam by producing high-quality games and garnering a strong reputation within the development community. Our youthful and passionate team at Zitga remains committed to continuous growth and improvement, both in terms of product development and quality, to further elevate the status of Vietnamese games in the international marketplace.
HOIANA RESORT & GOLF
349
+84 235 8586 999 enquiry@hoiana.com
At the cultural heart of Vietnam, Hoiana is in a particularly beautiful part of Quang Nam Province, within close proximity to the My Son and Hoi An World Heritage sites, the Cham Island Biosphere Reserve, emerald green rice paddy fields and a wealth of natural and cultural treasures. Nestled in swathes of 4 kilometer of pristine beach with picturesque Cham islands and panoramic ocean views, Hoiana is part of a USD 4 billion development and aims to create one of Asias finest integrated resorts. This waterfront development features exquisite hospitality and gaming facilities, adding vibrancy to the regions long established cultural legacy. The first phase, scheduled to welcome its first guests in late 2019, will see the opening of three upscale hotels, entertainment complex and an 18-hole championship golf course. Hoiana - The fascinating destination where centuries of tradition and culture meet casual sophistication and upscale entertainment.
DR.LOCALIZE CO., LTD
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Dr.Localize Communication Bridge Company Limited (Dr.Localize Co., Ltd) is a professional multilingual service provider. We offer a wide range of customer-oriented services to meet the ever-increasing demand for content and multimedia localization. We focus on providing translation, localization, transcreation, transcription, copywriting, MTPE, DTP, voice-over, subtitling, dubbing, data curation, testing, and other language related services. We support 80+ languages covering Asian, European, Baltic, and African languages. At Dr.Localize, we deploy and integrate state-of-the-art translation project management platform, industry-leading CAT tools, nMT engines, localization softwares, terminology management programs and quality assurance utilities into our workflow and processes in order to work faster, more efficiently, more productively so as to yield high quality output that meets the clients requirements and expectation. Dr.Localize boasts highly qualified staff and a network of in…
SHIFT ASIA
93
+84 28 3822 3341 csteam@shiftasia.com
SHIFT ASIA is a strategic SEA hub for Shift Inc. providing Japan Made best in the field services in software testing worldwide. Independent from its Tokyo headquarter founded in 2005, SHIFT ASIA opened in 2016 in HCMC. SHIFT group has over 6,500+ employees globally and out of those SHIFT ASIA accounts for 190+ while the team is growing rapidly every year. Geographic expansion in SEA was part of the strategic plan to maximize cost benefits and secure bigger pool of talent for our customers. We have successfully served various clients across industries - banking, finance, ERP, e-commerce, travel, healthcare, gaming, telecom and many more. For more information and portfolio, check out our corporate website.
KITTEN STUDIOS
2
+84 776 875 946 hello@kittenstudios.com
KittenStudios is a Game company which releases games, as results of the combination of unique concepts, eye catching arts and a strong development. KittenStudios was started in 2019 December under the mother-company Zincat Technologies. KittenStudios has passionate, experienced and professional team members, who are specialists in their relevant fields. As a strong team, KittenStudios have reached the goals in a very short period. We have the skills to make a complete game A to Z. We are working on a wide range of games. Such as, Web based 2D / 3D games, 2D/3D Mobile games, Slot games, Adventure games and more. We have a game portal where we publish our games for our player. And we create and provide unique games for our clients according to their requirements as well.
RAJAH & TANN LCT LAWYERS
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+84 28 3520 8206 connect@rajahtannlct.com
Rajah & Tann LCT Lawyers is a full-service law firm with offices in Ho Chi Minh City and Hanoi. The firm is among Vietnams most prominent legal advisors, representing a wide range of multinational and domestic clients on a variety of business and investment matters. With practice groups spanning all areas from banking and finance to litigation and tax, Rajah & Tann LCT Lawyers has gained a reputation for providing comprehensive, high-quality legal service to an international and local client base. Rajah & Tann LCT Lawyers is helmed by Chau Huy Quang and Vu Thi Que. In recent years, Rajah & Tann LCT Lawyers has opened offices in Vietnams two largest cities and grown to include more than 40 experienced associates and professionals led by six partners. Rajah & Tann LCT Lawyers has distinguished itself as one of Vietnams most committed and client-responsive firms, and developed strategic partnerships with Vietnamese authorities and leading legal experts in Asia.
ARISTO INTERNATIONAL HOTEL
23
+84 836 693 098 info@aristohotel.com.vn
The Aristo International Hotel is located amid the misty mountains and lush greenery of Lao Cai, on the border between China and Vietnam. The region is home to Sapa, a French Colonial hill resort and world heritage tourist destination. The towering five-star Aristo International Hotel, a joint venture between Donaco and the Vietnamese government which owns 5 percent, has 400 hotel rooms, multiple gaming tables and a license allowing up to 300 electronic gaming machines. Find out more about the Aristo International Hotel - http://www.aristohotel.com.vn/
Top Gaming Companies in Vietnam
Key Statistics from 2022 including GDP and Employment
In 2022, Vietnam's GDP reached $350 billion, with a growth rate of 6.8%. The gaming industry is a significant contributor to the country's GDP, with an estimated market size of $1.5 billion in 2022. The industry employs over 10,000 people and is expected to grow at a CAGR of 15% between 2022 and 2027.
Factors Contributing to its Growth and Success Including Government Initiatives
One of the primary factors contributing to the growth and success of the gaming industry in Vietnam is government support. The government has recognized the potential of the gaming industry and has implemented several initiatives to encourage its growth. In 2020, the Ministry of Information and Communications issued a circular allowing domestic game developers to publish their games on the app stores of foreign companies, which has helped to increase the visibility and accessibility of locally-developed games. Additionally, the government has provided tax incentives and funding to support the development of the gaming industry.
Another factor contributing to the success of the gaming industry in Vietnam is the country's young and tech-savvy population. Vietnam has a median age of 31.4, and the younger generation is more inclined to use technology for entertainment. The rise of mobile gaming has also contributed to the growth of the gaming industry, as smartphones are widely accessible in Vietnam, with a penetration rate of over 50%.
Industry Growth and Comparison to the Previous Years
The gaming industry in Vietnam has experienced rapid growth in recent years. In 2020, the industry's revenue reached $1.4 billion, a 16% increase from the previous year. The mobile gaming segment accounts for the majority of the industry's revenue, with an estimated market size of $1.3 billion in 2020. The PC gaming segment is also growing, with an estimated market size of $123 million in 2020.
Key Trends Including Technological Disruptions
Technological disruptions are driving significant changes in the gaming industry in Vietnam. One of the most significant disruptions is the rise of mobile gaming, which has become the dominant segment in the industry. The growth of 5G technology is also expected to have a significant impact on the gaming industry in Vietnam, as it will enable faster and more reliable internet connectivity, which is essential for online gaming.
Another key trend in the gaming industry in Vietnam is the rise of esports. Esports has gained popularity in recent years, and Vietnam has a growing esports scene. In 2020, Vietnam hosted the SEA Games, which included esports as an official event for the first time.
Challenges
While the gaming industry in Vietnam has experienced significant growth, there are also several challenges that it faces. One of the main challenges is the lack of local talent. Vietnam has a shortage of skilled game developers, which has led to many game development studios outsourcing their work to other countries.
Another challenge is the issue of piracy. Piracy is prevalent in Vietnam, and many consumers prefer to download pirated versions of games rather than purchasing legitimate copies. This has resulted in a loss of revenue for game developers and publishers.
Future Outlook
The future outlook for the gaming industry in Vietnam is positive. The industry is expected to continue to grow at a significant rate, driven by the rise of mobile gaming and esports. The government's support for the gaming industry is also expected to continue, with further tax incentives and funding to support the development of the industry. The growth of 5G technology is also expected to further drive the growth of the gaming industry in Vietnam, as it will enable faster and more reliable internet connectivity, which is crucial for online gaming and streaming.
To address the challenge of the shortage of local talent, the government has initiated several programs to promote game development education and training. For example, the Ministry of Information and Communications launched the Vietnam Game Industry Training Project, which aims to train and develop local game developers to meet the growing demand for game development talent in Vietnam.
Conclusion
In conclusion, the gaming industry in Vietnam has experienced significant growth in recent years, driven by government support, a young and tech-savvy population, and the rise of mobile gaming and esports. The future outlook for the industry is positive, with the continued support of the government and the growth of 5G technology expected to further drive the industry's growth. However, challenges such as the shortage of local talent and piracy will need to be addressed to ensure the industry's sustainable growth in the long term.