Vietnam Report announces top 10 prestigious technology firms in 2021

The Vietnam Report JSC (Vietnam Report) on July 20 announced its top 10 prestigious technology companies of Vietnam in 2021, which is led by the Military Industry and Telecoms Group (Viettel).

FPT Group comes second in the list, which also includes Mobifone, Vinaphone, CMC Corp, VNG, HANEL, Vietnam Technology & Telecommunication JSC (VNTT) and Hanoi Telecom.

The evaluation of the firms was based on assessments on their financial conditions and reputation using Media coding method and feedback from relevant parties.

On the occasion, Vietnam Report also announced the top 10 ICT companies and top 10 software service and solution providers of Vietnam in 2021.

According to VN Report General Director Vu Dang Vinh, COVID-19 has driven businesses’ needs and efforts in digital transformation as well as investment in technology, thus creating great chances for technology companies.

He held that digital transformation may take place more strongly when customers realise the benefit from the process in reducing cost and increasing productivity.

Vinh cited a survey by Vietnam Report in March 2021, which showed ICT is among the top seven sectors with highest growth potential in the next three years.

Regarding challenges for local ICT companies, he pointed to market saturation, as reflected in statistics from the Vietnam Telecommunication Administration under the Ministry of Information and Communications, which showed in 2019, Vietnam had 125.7 million mobile subscribers, with each person owning 1.3 mobile subscribers averagely. Limited conditions for R&D, a shortage of quality human resources and a lack of support policies and regulations are other problems.

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