Promising cost efficiency, access to a vast talent pool, and great scalability, offshore software development becomes a prominent choice for tech-oriented companies aiming to optimize resources and accelerate project timelines. According to Statista, 64% of IT leaders globally outsource their software development.
To help businesses make informed decisions, we’ve curated a list of the top offshore software development companies in Vietnam, selected based on key criteria such as past clients, reputation, and expertise in specialized domains.
Vietnam: A Growing Hub for Offshore Software Innovation
Vietnam is rapidly establishing itself as a powerhouse in the global software development market. In 2023 alone, nearly 100 investors demonstrated strong interest, making significant investments in the country’s flourishing tech sector. According to Top Dev, Vietnam’s tech industry is forecasted to grow at a robust CAGR of 11.51% from 2024 to 2026.
Accelerance has ranked Vietnam as the second-leading software outsourcing destination in Southeast Asia, while Kearney’s Global Services Location Index places it among the top six global locations for IT outsourcing.
Here are some key factors driving the appeal of a Vietnam offshore development center for businesses worldwide:
Cost-efficiency
Vietnam strikes an ideal balance between affordability and quality, positioning it as an attractive option for companies that require skilled developers without breaking the bank. For example, the average annual salary of a senior software developer in Vietnam is approximately $20,400, contrasting sharply with the $161,500 annual average for a similar role in the U.S
National Australia Bank (NAB) is a prime example of a global company that has successfully established a significant Vietnam offshore development center. The NAB Innovation Centre Vietnam, established in 2019, has become a strategic hub for the bank’s technology operations. With over 1,000 employees across 3 offices, the center focuses on driving innovation and enhancing digital capabilities through a wide range of software development, IT, and digital transformation projects.
High-quality tech talents
Vietnam has built a solid foundation in technical education, with a strong emphasis on STEM programs that equip its workforce with crucial skills. As a testament to this, Vietnam ranks 10th globally in developer quality, according to Skillvalue, just behind tech-strong countries like the United States, United Kingdom, and Poland. Further demonstrating its tech potential, Vietnam climbed 16 places to reach 39th out of 193 countries in 2023 for AI readiness
Vietnamese developers frequently collaborate with international companies, gaining experience with high standards, agile methodologies, and global project management practices. This background has shaped a skilled workforce capable of handling complex projects across diverse sectors, including finance, healthcare, and e-commerce
Robust tech infrastructure
Launching the National Digital Transformation Program, the country is actively fostering technological advancement. Specifically, Vietnam has collaborated with major technology corporations like Google to promote the AI ecosystem, providing 40,000 Google Career Certificate scholarships and training 200 Vietnamese startups in AI-related fields related to AI. Moreover, the country has invested in development of tech cities and innovation districts such as Hoa Lac Hi-Tech Park with the scale of 1.586 ha to create an ecosystem that attracts significant R&D investments and foster development of tech industries, such as AI, cloud computing, and 5G
Vast tech workforce
With around 560,000 tech specialists and 60,000 students enrolling annually in computer science programs, Vietnam ensures a continuous supply of skilled talent, ready to meet the evolving needs of the tech industry. Furthermore, the current ratio between fresher and senior developers is approximately 1:1, highlighting the growing maturity of Vietnam’s IT labor market. This balance indicates a healthy influx of new talent while retaining experienced professionals, fostering innovation and supporting the sustainable growth of offshore IT development in the country
Stable socio-political
Vietnam maintains a single-party political system, which contributes to long-term stability and allows the government to implement policies focused on economic growth and attracting foreign investment.
As a member of several significant trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA), and the Regional Comprehensive Economic Partnership (RCEP), the nation provides attractive investment incentives, particularly in high-tech sectors. This strategic approach enhances Vietnam’s appeal as a destination for international investors seeking to capitalize on emerging offshore IT development opportunities.
Top 5 Vietnam Offshore Software Development Companies
1. LARION
Let’s begin with ourselves—after all, if we don’t advocate for our work, who will? And truly, we believe this recognition is well-deserved. Here’s why
We have over 20 years of experience in delivering transformative software solutions. LARION has empowered global startups and established enterprises enhancing their development capabilities through 300+ highly-skilled engineers. Our solutions span industries like financial services, healthcare, e-commerce, manufacturing, edtech, real estate, and information technology.
Beyond building cutting-edge technology, LARION prioritizes sustainable growth and long-term impact for our clients’ products. Our delivery processes are designed to create lasting value, whether in project outcomes, talent management, or cost efficiency. Out of our 200+ clients, 20+ have partnered with us for over five years, and two have trusted us for more than 15 years.
We also ensure stability in our project with low employee turnover, with 90% of our staff working over 2 years and 50% of our staff working with us for 5+ years. This commitment to excellence has earned us VINASA’s Top 10 Vietnam Digital Technology Companies award six times.
Main service lines:
- Software Development
- Enterprise Testing
- DevOps
- Data Analytics
- Software Integration
2. Bestarion
Providing ITO and BPO services, Bestarion is dedicated to providing top-tier technological solutions for intricate business opportunities and challenges. Focusing on innovation, the company is one of the first Ruby development companies in Vietnam and now heavily invest in tailoring Generative AI algorithms to fit specific business needs
With over 19 years in the software development industry, our team of 150+ highly skilled IT professionals has delivered customized software solutions to hundreds of clients worldwide. Particularly, Bestarion set out a new niche, providing CPA firms with accounting outsourcing solutions, including data entry, bookkeeping, payroll and tax preparation
Main service lines:
- Software development
- Software testing
- Data
- Software maintenance
- Accounting & bookkeeping
- Production support
- AI consulting, integration and product roadmapping
3. Savvycom
Headquartered in Hanoi, Savvycom offers digital transformation consulting and software solutions across the finance, education, healthcare, and retail sectors. With over 10 years of experience and more than 200 client endorsements, Savvycom has won multiple awards for providing innovative development tailored to businesses of all sizes, regions, and industries. Leveraging its team of over 700 engineers, the company’s mission is to empower businesses worldwide with cutting-edge technologies.
Main service lines:
- Mobile & web development
- QA outsourcing
- Cloud migration
- AI development
4. Techvify
Another entry on the list is Techvify, which offers full-cycle software solutions specializing in the energy, healthcare, construction, finance, retail, and F&B sectors. The company prides itself on providing all-in-one software solutions designed to address business challenges, including consulting, architecture, development, and implementation. With a proven track record of over 100 successful projects for clients and partners worldwide, Techvify is committed to transforming businesses across industries through innovative digital solutions.
Main service lines:
- Software development
- AI &MLOps
- Cloud services
- Managed services
- Data engineering
- IoT
5. Orient Software
Founded in 2005, Orient Software employs over 350 skilled developers and serves more than 100 clients worldwide. Guided by core values of integrity, collaboration, determination, and accountability, the firm is committed to providing exceptional software solutions that align with its clients’ goals and drive their success. The organization holds several global awards and certifications from reputed tech partners, such as Scrum, Microsoft, AWS, and PMI.
Main service lines:
- AI & ML
- Custom Software Development
- QA and Testing
- UX/UI Design
What’s the next step?
Once shortlisting offshore development companies, we recommend conducting a further evaluation based on the following criteria:
- Financial health
- Technical capabilities (team structure and skill sets, quality assurance, tech stack, etc.)
- Project management
- Compliance & certifications
- Support & cultural factors
For in-depth examination, refer to our comprehensive tech vendor selection checklist, which automates scoring of each criteria for vendors based on your input
Summary
Finding the right offshore software development company can feel overwhelming, especially with so many providers to choose from. The best choice for one business may not be the same for another, and we hope this list helps guide your decision.
If you’d like to learn more about LARION’s offerings and how we can support your project goals, feel free to reach out to our team for portfolio exploration and project estimation.
