 (Photo: Ministry of Information and Communications) |
According to VINASA, the Vietnamese digital business landscape is experiencing robust growth, boasting a staggering 70,000 enterprises. The revenue generated from the information technology sector in 2022 reached 148 billion USD, marking a fourfold increase compared to a decade ago. The workforce within this domain has seen substantial expansion, with over 300,000 professionals now actively contributing to its success.
Notably, technology companies honored as the Top 10 Vietnamese digital technology businesses last year achieved a combined revenue exceeding 7 billion USD. This remarkable accomplishment accounts for nearly 44% of the total revenue generated by Vietnam’s information technology software and services sector in 2022.
Despite economic fluctuations, digital technology businesses continue to exhibit remarkable growth. In the export service market, MOR Software and Savvycom doubled their growth, while CMC Global experienced a substantial 70% increase. Within the domestic market, One Mount surged by 80%, both Viettel Cyber Security and FPT Smart Cloud soared by 100%, and ITSOL witnessed a remarkable 90% growth.
Many of the businesses earning recognition in the Top 10 category are making strategic investments in cutting-edge research and development, focusing on semiconductor chips, Generative AI, and Blockchain.
 Nguyen Thi Thu Giang, VINASA Deputy Chairwoman and General Secretary. |
“We collaborate closely with the Government in the initiative to foster the growth of Vietnamese digital enterprises. This partnership aims to identify businesses with promising technology products and robust technological capabilities, facilitating their ongoing development,” Nguyen Thi Thu Giang, VINASA Deputy Chairwoman and General Secretary, said.
This year’s program has been marked by numerous inspiring success stories. For instance, Viettel Solutions has established 36 IOC smart operating centers, facilitating digital transformation across 32 provinces and cities. OneMount Group is driving digital transformation in over 100,000 grocery stores, contributing to the widespread integration of digitization across various facets of daily life.
VNPT and MobiFone are rolling out digital platforms tailored for the agriculture and tourism sectors. FPT has conducted research and production of semiconductor chips, with orders now underway. Rikkeisoft, in its remarkable 10‑year journey since inception, has evolved from its initial 5 founding members to an impressive workforce of 1,500 employees, boasting an annual growth rate of 180%.
“Vietnamese digital technology enterprises are experiencing substantial backing and facilitation from the Government. Vietnam’s IT workforce is not only abundant but also highly trained. Awards are significant motivators for our businesses and inspire other digital enterprises to aim for breakthroughs,” Bui Xuan Son, Division Manager at Rikkeisoft, said.
 Nguyen Van Khoa, CEO of FPT Corporation. |
Nguyen Van Khoa, CEO of FPT Corporation, said Vietnam offers ample opportunities for the growth of digital businesses. FPT, dedicated to its pioneering mission, has committed substantial resources to research and develop innovative Make in Vietnam technology platforms.
“Vietnam is entering an era ripe with opportunities for businesses to play a pivotal role in the nation’s development. We believe in the importance of fostering a united community of technology enterprises. As trailblazers in the IT sector, FPT is steadfast in its commitment to supporting the digital business community. We suggest posing significant challenges to inspire businesses. Furthermore, the Make in Vietnam digital ecosystem should strategically focus on specific industries and fields,” said Khoa.
Vietnam’s exceptional digital tech firms inspire the tech community with their aspirations for sustainable development and global competitiveness. They play a crucial role in advancing the National Digital Transformation Program, focusing on digital government, the digital economy, and digital society, while also supporting industrialization and modernization.