Vietnam’s top IT companies reach over $16 billion in revenue

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The turnover of Vietnam’s top 50 IT companies topped $16 billion last year and employment reached roughly 93,000 people, according to the Vietnam Software Association (VINASA). They released the figures on September 17 along with the ranking of top this year’s top 50 IT firms and top ten companies with 4.0 technology capabilities.

There are 53 honorees in these two groups and their total turnover reached more than $16 billion, accounting for 35.5 per cent of the country’s total software, digital content and IT services revenues last year.

The top ten outstanding enterprises in digital transformation for industry 4.0 era include Deha Vietnam, FPT, Misa, Sao Bac Dau, Viettel, V-Next Software, Novaon, VNG, VNPay and Nash Tech.

This year, the association is looking to boost members’ technology capacity to incorporate new developments in artificial intelligence, Big Data and blockchain to “solve current problems in society.”

However, VINASA said that training and equipping human resources with knowledge and skills needed was “a big challenge” for the local technology sector.

According to a study by Cisco and Oxford Economics released at the World Economic Forum on ASEAN in Hanoi last week, Vietnam is among top three ASEAN countries that will face IT-related employment problems. Singapore would be the worst hit with 21 per cent, followed by Vietnam (13.8 per cent) and the Philippines (ten per cent).

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Reading Time: 1 minute

The turnover of Vietnam’s top 50 IT companies topped $16 billion last year and employment reached roughly 93,000 people, according to the Vietnam Software Association (VINASA). They released the figures on September 17 along with the ranking of top this year’s top 50 IT firms and top ten companies with 4.0 technology capabilities.

Reading Time: 1 minute

The turnover of Vietnam’s top 50 IT companies topped $16 billion last year and employment reached roughly 93,000 people, according to the Vietnam Software Association (VINASA). They released the figures on September 17 along with the ranking of top this year’s top 50 IT firms and top ten companies with 4.0 technology capabilities.

There are 53 honorees in these two groups and their total turnover reached more than $16 billion, accounting for 35.5 per cent of the country’s total software, digital content and IT services revenues last year.

The top ten outstanding enterprises in digital transformation for industry 4.0 era include Deha Vietnam, FPT, Misa, Sao Bac Dau, Viettel, V-Next Software, Novaon, VNG, VNPay and Nash Tech.

This year, the association is looking to boost members’ technology capacity to incorporate new developments in artificial intelligence, Big Data and blockchain to “solve current problems in society.”

However, VINASA said that training and equipping human resources with knowledge and skills needed was “a big challenge” for the local technology sector.

According to a study by Cisco and Oxford Economics released at the World Economic Forum on ASEAN in Hanoi last week, Vietnam is among top three ASEAN countries that will face IT-related employment problems. Singapore would be the worst hit with 21 per cent, followed by Vietnam (13.8 per cent) and the Philippines (ten per cent).

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