Based on our huge data source as well as thorough research in the information technology industry, VietnamCredit made a list of the 5 largest enterprises in the software outsourcing industry in Vietnam.
FPT Software was established in 1999. It is a member company of FPT Group, the leading technology group in Vietnam. After more than 20 years of establishment, FPT Software is currently the largest software company in Vietnam and among 100 largest global outsourcing service providers (assessed by the International Association of Outsourcing Professionals (IAOP).
FPT Software provides software development and maintenance services, ERP implementation, QA, application transformation, embedded systems, mobile computing, and cloud computing in many fields such as: Banking and Finance, Telecommunications, Healthcare, Manufacturing, Automotive Industry, Public Services, etc.
Currently, FPT Software is focusing on research and development of IT services based on new technology platforms such as IoT, S.M.A.C, for the fields of aircraft manufacturing, automobile manufacturing, banking, satellite television, and telecommunications on a global scale.
FPT Software now has 23 offices in 14 countries including Vietnam, Japan, Singapore, USA, France, Germany, Slovakia, Malaysia, Australia, China, Korea, Myanmar, Philippines, and Thailand.
In 2020, FPT Software surpassed the revenue of $500 million, which purely came from software services. Currently, among more than 700 customers of FPT Software globally, there are more than 100 customers on the Fortune 500 list.
The company aims to reach $1 billion in revenue by 2023 and enter the top 50 IT enterprises in the world by 2025.
Established in March 2017, CMC Global is a member unit of CMC Technology Group. Over the past 5 years of development, CMC Global has achieved extremely brilliant results when becoming one of the 3 largest software and IT service exporters in Vietnam, and achieving sales of more than VND 1,300 billion with more than 300 partners and customers from international markets. The company currently has more than 2,000 employees working in 10 offices in Vietnam, Japan and Singapore.
In Korea, CMC works closely with one of the leading technology corporations to apply new technologies such as AI, Big Data, or IoT to meet the needs of customers.
In addition, CMC Global has become the leading AWS consulting partner. This is a milestone marking CMC Global's efforts in developing Cloud solution capabilities, serving the needs of customers globally, especially in the era when Cloud computing is the leading technology trend.
The company was established in 1998. Since 2000, Harvey Nash (Vietnam) Co., Ltd has focused on investing in software outsourcing and exporting services abroad.
The company's main lines of business are: manufacturing computer software; providing, consulting and operating software products about office services; providing graphic design services, designing and programming websites and CD-Roms.
As one of the leading companies in the IT industry and BPO (Business Process Outsourcing) in Vietnam, specializing in providing international standard IT services, Harvey Nash Vietnam has a very stable business performance over the years.
Specifically, according to VietnamCredit's data, the revenue from 2019 to 2021 of this business reached over $40 million. However, profit after tax fluctuated strongly. In 2019, Harvey Nash Vietnam's after-tax profit was $5.1 million, then reduced to $2.5 million in 2021.
On December 25, 1994, MISA was established under the name MISA Group with the aim of producing packaged software (starting with accounting software). In 2002, MISA transformed into a joint stock company and established a representative office in Ho Chi Minh City.
Currently, Misa has 01 head office, 01 software development center, 01 consulting and customer support center, 05 representative offices in: Hanoi, Da Nang, Buon Ma Thuot, Ho Chi Minh City and Can Tho.
The number of MISA's customers who are administrative and non-business units, schools and the business community increased to more than 250,000 units. In addition to continuing to strongly develop existing products, MISA's aspiration is to become the largest financial technology platform in Southeast Asia, a financial and accounting data center connecting businesses, banks, financial institutions, insurance, tax, government agencies and related organizations.
The revenue and profit of this business from 2016 to 2018 increased nearly 2 times. Notably, MISA's gross profit margin has always remained stable at around 87%.
2019 was not a successful year for MISA as the company's net revenue was only about $28 million, down 20% from the previous year.
However, 2 consecutive years later, its revenue grew impressively, reaching $42.7 million and $41.3 million respectively. Profit after tax also recorded good growth, reaching $8.1 million in 2020 and $7.8 million in 2021.
Tuong Minh Software Solutions Company Limited (TMA Solutions) was established in 1997. It is one of the leading software outsourcing companies in Vietnam. With 25 years of strong development, TMA has built a team of more than 3,800 talented and enthusiastic engineers who always receive high appreciation from customers.
TMA currently has 7 branches in Vietnam (6 in Ho Chi Minh City and 1 in Quy Nhon City) along with 6 overseas offices (USA, Canada, France, Japan, Australia, Singapore).
In 2019 and 2020, TMA Solutions recorded revenue of $40 million and $39.8 million, respectively, and profit after tax of $1.4 million and $1.2 million, respectively. In 2021, these figures of this company were $39.6 million and $1.3 million respectively, and gross profit margin reached 6.3%.
Henry Tran - VietnamCredit