Top Saas Companies in Vietnam

The SaaS (Software as a Service) industry in Vietnam has been growing significantly in recent years, driven by favorable government policies, increasing demand for cloud-based solutions, and technological advancements. This article will provide an overview of the industry, its key statistics from 2022, factors contributing to its growth and success, its growth in comparison to previous years, key trends including technological disruptions, challenges, and future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
TMA SOLUTIONS2,992 +84 28 3995 1060
sales@tmasolutions.com

TMA is a leading software company in Vietnam with 4,000 engineers and 25 years of experience in providing quality software services for clients in 30 countries. Besides 7 offices in Vietnam, TMA also has offices in Canada, USA, Japan, Australia, Germany and Singapore. With a large engineering team and a wide range of skills, we are the long-term and strategic software partner for most of our clients. TMA provides end-to-end solutions, from ideas to design, implementation, testing, deployment, maintenance and supporting that help our clients focus on core businesses and leave the IT burden to our engineering team. TMA quality processes are based on Agile/SCRUM, CMMI Level 5, TL 9000 and ISO 27001. Our solutions cover Telecom, Finance & Insurance, E-commerce & Retail, Media & Publishing, Healthcare, Education, Hospitality & Travel, Logistics & Transportation. Our specialties: Software Development, Telecom Software, Business Applications, Mobile Applications/Solutions, Embedded Softwa…

GEAR INC.1,386 +84 24 3972 8621
hello@gearinc.com

Gear Inc. is an American-owned and operated Game Development Studio and BPO Service Provider with offices around Southeast Asia and expanding globally. We are a global software company with a main focus on Game Development, Quality Assurance, and Image & Content Moderation. This Silicon Valley-owned company has its offices in Vietnam, the US, Indonesia, Thailand, and India. With outsourcing on a constant rise, and Southeast Asia holding all the major accolades, Vietnam has been hailed as one of the strongest concentrations of quality and cost-effective software development. Gear Inc. proudly tops this list with a global portfolio of clients in its subsections: - Alley Labs - https://www.alleylabs.com/ - Game Development for Mobile; - Pure Moderation - https://www.puremoderation.com/ - Brand Moderation for Image & Video, Social Listening, and Customer Support; - Testing Hero - https://www.testinghero.com/ - both manual and automated Quality Assurance for software development with gl…

VMO GROUP695 +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

ORIENT SOFTWARE DEVELOPMENT CORP.298 +84 28 3812 0101
contact@orientsoftware.com

Orient Software was established in 2005 and is the leading software outsourcing company in Vietnam. We provide exceptional software outsourcing services and solutions to companies worldwide. At Orient Software, we are passionate about develop great software. We have a diverse team — Vietnamese people, Scandinavian people, American people. We’re developers and architects, designers and analysts. We’re testers and project managers and caffeine addicts. We’re a team. We work together, we travel together, and we volunteer together. Our people is what makes our company shine. We believe our people is our top asset and our success lies in how well we source, hire and retain the best people. We have intelligent and motivated experts who take pride in and prioritize developing superior software solutions for our clients. We do a lot at Orient — but above all, we focus on providing professional software services. We’d love to work with you. And we think you’d love working with us, too. Lea…

FPT SOFTWARE18,737 +65 6338 4353
fap.contact@fsoft.com.vn

FPT Software is a global technology and IT services provider headquartered in Vietnam, with $803 million in revenue and over 27,000 employees in 27 countries. As a pioneer in digital transformation, the company delivers world-class services in Smart factories, Digital platforms, RPA, AI, IoT, Cloud, AR/VR, BPO, and more. It has served 1000+ customers worldwide, 89 of which are Fortune Global 500 companies in Automotive, Banking and Finance, Logistics & Transportation, Utilities, and more. For further information, please visit http://www.fptsoftware.com

SOTATEK., JSC559 +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…

AMANOTES220 +65 6272 1472
support@amanotes.com

Amanotes is a leading music tech company with the mission of delivering the best music interactive experience to users. Since 2014, 30+ music games and mobile applications were published under our name with 2+ billion downloads worldwide and 120+ million monthly active users. In 2019, we were proudly listed as the #1 mobile apps publisher from Southeast Asia, the #1 music games publisher in the world, and one of the top 20 mobile apps publishers in the world across all categories. If you love to work in a friendly and fun environment with music all around the corner, come join us! Explore our products on Google Play and iOS App Store such as Magic Tiles 3, Tiles Hop, Dancing Ballz, and more than 30 others.

BOSCH GLOBAL SOFTWARE TECHNOLOGIES VIETNAM3,162 +84 98 052 63 99
dpo@bosch.com

Bosch Global Software Technologies Vietnam (BGSW) is a 100% owned subsidiary of Robert Bosch GmbH - one of the world’s leading supplier of technology and services. Founded in 2010 at Ho Chi Minh City, BGSW Vietnam is the first software development center of Bosch in the South East Asia. BGSW Vietnam provides solutions for businesses in areas: - Engineering services, IT services - Business services Bosch in Vietnam is ranked 1st in engineering/mechanical sector, 1st in IT-software engineering/outsourcing sector, and 13th across all industries in Vietnam Best Places to Work 2017 survey, conducted by Anphabe. Together with over 1,500 highly skilled employees, BGSW Vietnam is building products that bring value, improve life quality and conserve resources. In that way, the company offers technology that is Invented for life- Engineering services, IT services - Business services Bosch in Vietnam is ranked 1st in engineering/mechanical sector, 1st in IT-software engineering/outsourcing s…

KMS SOLUTIONS, INC.104 +84 28 3811 9977
marketing@kms-solutions.asia

Part of the KMS group, KMS Solutions is a technology consulting firm with a mission to empower digital enterprises and help them operate more effectively by leveraging software engineering excellence, digital capabilities, specialized accelerators, and fit-for-purpose solutions alongside strategic software partners. KMS Solutions has cooperated with high-end enterprises operating in various industries, including ISVs, Banks, Financial Services, Insurance Institutions, FinTechs, and Healthcare across the Asia Pacific region.

INAPPS TECHNOLOGY45 +84 28 7109 3450
sales@inapps.net

We are InApps Technology Company. Established in 2016, we have continually evolved over the past years to reach to the forefront of being a leading software development outsourcing company in Vietnam. Our expertise in: - Full Lifecycle Software Ecosystem and Full-stack Development using the latest technologies. - Mobile App Development, developing native iOS, Android, and mobile hybrid apps. - Web App Development - Offshore Development Centre (ODC) - IT Staff Augmentation We work across the entire lifecycle of taking an idea to market with ideation, validation, product strategy, engineering, ongoing maintenance, and growth. We partner with startups and SMEs globally to help them solve their toughest challenges, mitigate the risks and bring their great ideas to life. Contact us at: - Website: https://www.inapps.net/#contact-us - Email: sales@inapps.net - Headquarters Office: 238, 3/2 Street, Ward 12, District 10, Ho Chi Minh City, Vietnam.

BNK SOLUTION122 +84 314 918 256
info@bnksolution.com

Starting as Smart Factory Software Solution Firm since 2018, Ho Chi Minh City, BnK Solution grows rapidly and expanded into other software services segment, base at 3 City, 4 Offices along Vietnam: - Intelligent automation: RPA, Lowcode, BPM, Chatbot.. - Software Services - Smart Factory Solution - Odoo ERP 2021: - Success to build customer service platform for Life Insurance domain - Success to build Citizen App using OutSystems for #1 Real Estate in Vietnam - Open third development center in center of Vietnam: Vinh City, Nghe An province - Success to deliver MES/HRM, integrated with CMMS for #1 Renewable Energy Factory - 120 Software Engineers, 4 Business Unit 2020: - Initiate Intelligent Automation Segment for Banking and Insurance - Success to deliver RPA/UIPath for Bank -Partner of UIPath - Success to deliver Low-code OutSystems for Real Estate, Bank, Retail, .. - Success to deliver digital banking to a Malaysia bank in Vietnam - Success to deliver full Odoo ERP including accoun…

RIKKEISOFT769 +84 386 378 282
contact@rikkeisoft.com

Founded in 2012, Rikkeisoft is an award-winning, leading Vietnamese IT Enterprise. We help our partner companies grow sustainably with our suite of ITO services and products tailored to their needs. Apart from traditional IT services, Rikkeisoft also provides a plethora of breakthrough technologies via its ecosystem of subsidiaries, comprising of: Rikkei Digital: Digital conversion consultations and solutions. Rikkei Academy: Education of Information Technology With offices and subsidiaries throughout Vietnam, Japan and the United States of America, Rikkeisoft is eager to assist your company in solving your problems wherever you are.

TP&P TECHNOLOGY94 +84 28 3991 6468
info@tpptechnology.com

TP&P Technology is a leading, highly diversified and pioneering IT services provider (ISO/IEC 27001:2013 certified), and IT investment management firm based in Viet Nam. TP&P applies its deep experience and specialized expertise across a range of incubators investment and service provision strategies – Custom Software Development, BPO, IT infrastructure and application managed Service, and Business Solutions Consulting & Deployment. TP&P’s management group is among the most accomplished in the industry, who are former co-founders of leading IT corporates in Viet Nam. Together with its experts and business partners, along with a revolutionized business model, TP&P functions as a global investment and technology provider, creating and delivering end-to-end services and projects, offering and establishing development centers, consulting a tailored fit for your unique business circumstances.

LTS GROUP162 +84 24 6660 7474
contact@ltsgroup.tech

LTS Group is a dedicated IT outsourcing services provider headquartered in Vietnam with subsidiaries in Japan & the United States. We help businesses accelerate growth with our global-standard quality solutions in software development, software testing, AI data processing, and digital BPO. With more than 6 years of experience in various industries including E-commerce, ERP, Automotive, Insurance, Healthcare, Education, F&B, Banking, Games,... LTS Group has become a reliable tech partner for more than 60 clients all around the world and reached a satisfaction index of 94%. Putting all our hearts and souls into all the work, we strive to exceed clients expectations by never giving up on problems and constantly innovating. LTS Group’s top global quality has been confirmed by 2 prestigious Sao Khue awards (the biggest award in Vietnam Software Industry) for best testing services and when becoming a silver partner of the International Software Testing Qualifications Board (ISTQB). Tru…

SUCCESS SOFTWARE SERVICES142 +84 28 3948 3800
webmaster@successsoftware.global

Our purpose is to develop and deliver the most efficient IT products and services that help organizations manage their business effectively. Our business focuses on Software Application Development, Migration & Innovation, Application Maintenance & Support, Mobile Application Development, and QA/Testing. Since our establishment in 2012, we have been working as a strong organization led by an experienced and high-skilled board of management. Until now, we have built trust by our commitment to high-quality products, fully support to our customers and partners, while speedily responding to the international demand of innovation and rapid changes of technology in the new age. All the efforts we make are to keep long-lasting relationship with customers rather than only aiming at business benefits. We are the youngest and one of the top companies in Vietnam certified CMMi level 3, awarded by VNITO as an Emerging IT Enterprise in 2015, and recommended by Gartner as a software partner.

BASE.VN254 +84 24 2244 1313
contact@base.vn

Vietnam #1 Enterprise Platform - Base.vn provides a comprehensive management solutions for more than 7,000 companies. Base.vn applications include: 1 - Work management 2 - Human Resource management 3 - Information management

VEXERE.COM - VIETNAMS LARGEST ONLINE BUS TICKETING PLATFORM113 +84 1900 888684
lienhe@vexere.com

Vexere.com - The largest Online Bus Ticketing System in Vietnam, helping customers search information and buy long-distance bus tickets online. With network of more than 2000 bus operators, you can easily search for ticket prices, schedule, address, phone and reviews of all bus operators to anywhere in Vietnam. Vexere is selling tickets for more than 500 bus companies in Vietnam, covering all major routes in Vietnam. Vexere is also the leader in providing Bus Management Software which is used by 300 bus companies, contributing to the modernization of the long-distance bus industry. We believe an organization should be born to solve critical issues of the society. Our culture emphasizes teamwork and community values. All VeXeRe members are given opportunities to lead with initiatives on products and strategy, and are expected to become future leaders. Vexere was invested by CyberAgent Ventures (Japan) and Pix Vine Capital (Singapore) and other well-known social investors. Some of…

VIETNAMESE-GERMAN UNIVERSITY265 +84 28 3825 6340
study@vgu.edu.vn

Vietnamese-German University (VGU) is devoted to excellence in teaching, learning and research focusing on engineering science, computer sciences, finance and accounting and sustainable urban development. Founded in 2008 the cooperation between the Vietnamese government and the German government, Vietnamese-German University is a public university, located in Binh Duong, HCMC. The core mission of VGU is to bring a better education for Vietnamese students, help students to have access to updated knowledge and leading education methods from Germany and becomes the gateway of human resources for science and technology in Southeast Asia.

SHIFT ASIA96 +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.

TPS SOFTWARE110 +84 28 3991 2068
sales@tpssoft.com

TPS Software is a leading software development company, located in HCMC, Vietnam. We are certified with CMMi L3 for software development and ISO27001 for information security. All customer projects have been applying high quality and security standards. With an in-house R&D department, TPS is always well prepared to consult our clients on all the latest technologies and transform them into beneficial solutions, such as AI & ML, Blockchain, VR/AR, IoT, ... The experience and innovation allow TPS to provide in-depth technical consultancies and propose promising end-to-end solutions for full-cycle development services including business analytics, strategic orientation, roadmap planning, implementation, testing, deployment, and maintenance Core services: - Custom software development - Full Software development - Technical and solution consulting - Maintenance and Support - Cloud migration and DevOps The company has been nonstop growing and has successfully recruited 180+ well-ver…

Top Saas Companies in Vietnam

Key Statistics from 2022

In 2022, Vietnam's GDP reached an estimated $343 billion, with a growth rate of 6.5%. This growth has fueled a surge in demand for SaaS services, with the industry expected to reach a value of $1.7 billion by 2025. In 2022, the industry employed approximately 10,000 professionals, representing an increase of 10% from the previous year.

Factors Contributing to Its Growth and Success

The Vietnamese government's initiatives have played a crucial role in the growth of the SaaS industry. The government has implemented policies aimed at promoting the development of the technology industry, including the SaaS sector. The government has also invested in infrastructure development, such as the expansion of broadband internet services and the construction of technology parks.

The increasing demand for cloud-based solutions among Vietnamese businesses and consumers has also contributed to the growth of the industry. With the increasing importance of digital transformation and automation, businesses are now looking for cloud-based solutions that can help them streamline their operations and improve their efficiency. Additionally, Vietnamese consumers are increasingly turning to SaaS solutions for entertainment, shopping, and communication, driving demand for SaaS services.

Industry Growth and Comparison to Previous Years

The SaaS industry in Vietnam has grown significantly over the years, and 2022 was no exception. According to a report by Statista, the industry's revenue was estimated to be around $766 million in 2022, with an expected annual growth rate of 11.5% between 2022 and 2025. This growth is impressive, considering that the industry's revenue was only around $245 million in 2015.

In comparison to the previous year, the industry's revenue grew by approximately 9%. The growth was driven by an increase in demand for cloud-based solutions and the expansion of the technology industry in Vietnam.

Key Trends Including Technological Disruptions

The SaaS industry in Vietnam is experiencing technological disruptions, which are changing the way SaaS providers design, develop, and deploy their solutions. One significant trend is the increasing use of artificial intelligence (AI) and machine learning (ML) in SaaS solutions. With the growing availability of AI and ML technologies, providers can now create more advanced and intelligent solutions that can automate complex tasks and processes.

Another trend is the increasing use of mobile apps and platforms for SaaS solutions. With the growing popularity of mobile devices and the increasing availability of mobile platforms, providers can now leverage the scalability and flexibility of mobile solutions to improve their operations and reduce costs.

Challenges

Despite the impressive growth of the SaaS industry, there are still some challenges that need to be addressed. One significant challenge is the lack of a well-developed talent pool. Vietnam currently lacks a significant number of skilled SaaS providers, which limits the industry's potential.

Another challenge is the lack of a developed market for SaaS solutions. Many Vietnamese businesses still rely on traditional methods and manual processes, which limits the demand for SaaS solutions. Developing a market for SaaS solutions will help increase demand and drive growth in the industry.

Future Outlook

The SaaS industry in Vietnam has a bright future, with tremendous potential for growth. The industry is expected to continue to benefit from the government's policies and initiatives aimed at promoting the development of the technology industry and digital transformation. The increasing demand for cloud-based solutions among Vietnamese businesses and consumers, coupled with the expansion of the technology industry, are expected to drive the industry's growth.

One potential area of growth for the industry is the development of more specialized SaaS solutions. With the increasing complexity and diversity of business operations, there is a growing demand for specialized SaaS solutions that can meet the unique needs of specific industries and business functions. Developing specialized SaaS solutions will help providers differentiate themselves from their competitors and attract more business from specific industries.

Another area of growth is the development of SaaS solutions that can help businesses adapt to the changing business environment. With the increasing pace of technological advancements and the changing needs of businesses, there is a growing demand for SaaS solutions that can help businesses stay ahead of the competition and adapt to new challenges.

Conclusion

In conclusion, the SaaS industry in Vietnam has significant growth potential, driven by favorable government policies, increasing demand for cloud-based solutions, and technological advancements. However, the industry still faces challenges that need to be addressed, such as the lack of a well-developed talent pool and a developed market for SaaS solutions. Providers who can adapt to these challenges and leverage emerging trends such as AI/ML technologies and mobile platforms will be well-positioned for success in the Vietnamese market. Overall, the SaaS industry in Vietnam has a bright future, and investors looking for opportunities in the Southeast Asian market should keep a close eye on this industry.

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By Melissa Goh
Published on 31 May 2023