Top 10 Most Reliable IoT Development Companies in Vietnam (Updated 2024)

In today’s world, it’s clear that every part of life and industry is going through a digital transformation, needing many new software tools and solutions. The number of IoT development companies is always increasing.

During this transformation, Vietnam has quickly become a tech hub in Southeast Asia, driven by its young population, high smartphone usage, and tech-savvy workforce. Government support, including the creation of tech hubs and startup incubators, has further fueled this growth.

A report from Vietnam’s Ministry of Information and Communications noted a 38% increase in tech startups in 2020 and a rise in tech unicorns.

In this article, we’ve made a list of top IoT development companies in Vietnam that you should definitely consider.

I. Enterprise IoT Market Trends and Projections

According to the Global IoT Enterprise Spending dashboard (Q2/2024 update), the enterprise IoT market size reached an impressive $269 billion in 2023, marking a 15% year-over-year growth. However, growth is anticipated to decelerate to 12% in 2024 before picking up momentum again in 2025.

IoT market update

Economic concerns have broadly impacted corporate spending, including investments in IoT. Currently, IoT hardware technologies are bearing the brunt of these economic challenges.

Regionally, China, India, and the US are expected to spearhead spending growth, while the automotive and process manufacturing sectors are poised to lead by vertical.

Notably, spending growth for enterprise IoT software is projected to significantly outpace overall enterprise IoT spending.

II. Vietnam’s Top 10 Internet of Things Development Companies

Here are some of the best IoT development companies in Vietnam that deserve your attention when seeking a partner for your project.

1. FPT Software

FPT Software stands out as a top IT service provider in Vietnam. Founded in 1999, the company has grown significantly, establishing itself as a major player in IoT development. FPT Software provides a wide range of IoT solutions, including smart factories, smart cities, and connected healthcare systems. Their smart factory solutions help manufacturers optimize production processes, reduce downtime, and improve overall efficiency. For smart cities, they offer integrated solutions that enhance urban management, traffic control, and public safety. In connected healthcare, FPT Software develops remote patient monitoring systems and telehealth applications that significantly improve patient care and reduce healthcare costs.

Why Choose Them:

• Proven Track Record: With over two decades of experience, FPT Software has successfully delivered numerous large-scale IoT projects globally.
• Global Footprint: Operating in over 26 countries, they have the capability to support international clients with localized expertise.
• Innovative Culture: FPT Software invests in continuous investing in research and development to keep pace with technological progress and industry trends.

2. CMC Corporation

CMC Corporation is a leading technology company in Vietnam with over 25 years of experience in the IT sector. They offer a broad range of IoT solutions, focusing on smart cities, smart transportation, and healthcare IoT. CMC Corporation’s smart city solutions enhance urban management, improve public safety, and optimize energy consumption. Their smart transportation applications provide real-time traffic monitoring, route optimization, and fleet management. In the healthcare sector, CMC Corporation develops IoT solutions that enable remote patient monitoring, telehealth services, and personalized care plans.

Why Choose Them:

• Extensive Experience: With a rich history spanning over 25 years, CMC Corporation brings a wealth of experience to IoT development.
• Innovative Solutions: They continuously invest in research and development to create cutting-edge IoT applications.
• Strong Partnerships: CMC collaborates with global technology leaders to enhance their IoT offerings and deliver superior solutions.

4. KMS Technology

KMS Technology, with a significant presence in Vietnam, is a US-based technology company known for its high-quality software development and consulting services. Their IoT solutions are particularly strong in healthcare, smart logistics, and consumer electronics. KMS Technology develops advanced healthcare IoT applications that enable remote patient monitoring, real-time health data analysis, and personalized medical care. For smart logistics, they provide solutions that enhance supply chain visibility, optimize route planning, and improve inventory management. In consumer electronics, KMS Technology focuses on creating connected devices that offer seamless user experiences and innovative features.

Why Choose Them:

• Client-Centric Approach: KMS Technology prioritizes close collaboration with clients to deliver customized IoT solutions that align with their specific requirements.
• Specialized Expertise: With deep knowledge in key sectors, they provide highly effective and targeted IoT applications.
• Continuous Innovation: KMS Technology is committed to ongoing improvement and staying ahead of industry trends through innovation.

3. TECHVIFY Software

TECHVIFY Software is a rapidly growing technology company in Vietnam that specializes in providing high-quality software development and IoT solutions to clients worldwide. Founded in 2018, TECHVIFY has quickly established itself as a trusted partner in the IoT space, leveraging its expertise to deliver innovative and scalable solutions. The company focuses on several key areas of IoT, including smart homes, industrial IoT, and healthcare IoT, addressing the unique needs of each sector with tailored applications.

Key Solutions:

• Smart Home Solutions: Enhance convenience, security, and energy efficiency with smart lighting, thermostats, security systems, and voice assistant integrations.
• Industrial IoT: Improve operational efficiency through real-time monitoring, predictive maintenance, and advanced analytics.
• Healthcare IoT: Provide remote patient monitoring and telehealth platforms for better patient care and operational efficiency.

Why Choose TECHVIFY:

• Rapid Growth and Innovation: Quick expansion and commitment to innovation.
• Client-Centric Approach: Tailored solutions aligned with client goals.
• Skilled Team: Experienced professionals with broad IoT expertise.
• Comprehensive Services: End-to-end support from consulting to ongoing maintenance.
• Quality and Security: High standards of performance and robust data protection.

4. Saigon Technology Solutions

Saigon Technology Solutions is a top software outsourcing company in Vietnam that offers comprehensive IoT development services. With a strong focus on smart retail, connected healthcare, and smart logistics, they provide innovative IoT solutions that drive business value. Saigon Technology Solutions’ smart retail applications enhance customer experiences through personalized services, inventory management, and real-time analytics. In healthcare, they develop IoT solutions that enable remote patient monitoring, improve patient care, and reduce costs. Their smart logistics solutions offer enhanced supply chain visibility, route optimization, and efficient inventory management.

Why Choose Them:

• Client Satisfaction: Saigon Technology Solutions places a strong emphasis on client satisfaction and building long-term partnerships.
• Experienced Engineers: Their team consists of highly skilled engineers with extensive experience in delivering successful IoT projects.
• Quality and Reliability: Known for delivering high-quality, reliable IoT solutions, they ensure projects are completed on time and within budget.

5. TMA Solutions

TMA Solutions, established in 1997, is one of the largest IoT product development companies in Vietnam. They offer a comprehensive suite of IoT services, including device development, connectivity solutions, and data analytics. TMA Solutions specializes in creating smart home systems that enhance living experiences through automation and energy management. They also develop industrial IoT solutions that boost operational efficiency, anticipate maintenance needs, and optimize supply chain operations. In the agritech sector, TMA Solutions provides IoT applications that optimize farming practices, improve crop yields, and enhance resource management.

Why Choose Them:

• Extensive Service Range: TMA Solutions offers end-to-end IoT services, ensuring clients receive comprehensive support throughout their projects.
• Industry Versatility: Their experience across various industries enabling them to craft customized solutions that align with specific business requirements.
• Quality Assurance: Known for their rigorous quality control processes, TMA Solutions ensures reliable and high-performance IoT implementations.

IoT development companies

6. Vincere

Vincere is a prominent technology company in Vietnam that specializes in IoT solutions for smart cities and industrial applications. They offer a full spectrum of IoT services, from device development to cloud integration and data analytics. Vincere’s smart city solutions focus on enhancing urban infrastructure, improving public safety, and optimizing resource management. In industrial IoT, they develop applications that enable real-time monitoring, predictive maintenance, and process automation. Vincere also provides IoT solutions that leverage advanced data analytics to deliver actionable insights and support informed decision-making.

Why Choose Them:

• Focused Expertise: Vincere’s specialization in smart city and industrial IoT ensures deep domain knowledge and expertise in these areas.
• Comprehensive Services: They provide end-to-end IoT solutions, managing everything from hardware design to software development and cloud integration.
• Data-Driven Solutions: Vincere’s IoT applications leverage advanced data analytics to deliver valuable insights that enhance operational efficiency and decision-making.

7. Axon Active

Axon Active, a Swiss-Vietnamese software development company, offers a range of IoT solutions with a focus on smart manufacturing, smart homes, and wearable technologies. Established in 2008, the company combines Swiss precision with Vietnamese innovation to deliver high-quality IoT solutions. Axon Active’s smart manufacturing solutions help manufacturers increase productivity, reduce downtime, and improve quality control. Their smart home systems offer seamless automation, energy management, and enhanced security. In the wearable technology space, Axon Active develops devices that monitor health metrics, track fitness activities, and provide real-time feedback.

Why Choose Them:

• Swiss-Vietnamese Collaboration: Axon Active blends Swiss precision with Vietnamese innovation to deliver superior IoT solutions.
• Agile Development: They employ agile methodologies to ensure flexibility and rapid delivery of IoT projects.
• Partnership Approach: Axon Active fosters a collaborative relationship with clients, working closely to develop solutions that meet their specific needs.

8. LUXOFT Vietnam

LUXOFT Vietnam, part of DXC Technology, offers a wide array of digital transformation services, including innovative IoT solutions. They have a strong focus on automotive IoT, industrial automation, and smart energy. LUXOFT’s automotive IoT applications enhance vehicle connectivity, improve safety, and enable advanced driver assistance systems. In industrial automation, they develop IoT solutions that optimize production processes, enable predictive maintenance, and improve operational efficiency. Their smart energy solutions leverage IoT technology to optimize energy consumption, enhance grid management, and support renewable energy integration.

Why Choose Them:

• Global Expertise: As part of DXC Technology, LUXOFT Vietnam leverages global resources and expertise to deliver cutting-edge IoT solutions.
• Industry Focus: With deep domain expertise in the automotive and industrial sectors, they provide highly specialized IoT applications.
• Innovative Approach: LUXOFT is committed to innovation, continuously adopting the latest technologies to stay ahead of industry trends.

9. KMS Technology 

KMS Technology, with a significant presence in Vietnam, is a US-based technology company known for its high-quality software development and consulting services. Their IoT solutions are particularly strong in healthcare, smart logistics, and consumer electronics. KMS Technology develops advanced healthcare IoT applications that enable remote patient monitoring, real-time health data analysis, and personalized medical care. For smart logistics, they provide solutions that enhance supply chain visibility, optimize route planning, and improve inventory management. In consumer electronics, KMS Technology focuses on creating connected devices that offer seamless user experiences and innovative features. 

Why Choose Them: 

• Client-Centric Approach: KMS Technology prioritizes close collaboration with clients to deliver customized IoT solutions that align with their specific requirements. 

• Specialized Expertise: With deep knowledge in key sectors, they provide highly effective and targeted IoT applications. 

• Continuous Innovation: KMS Technology is committed to ongoing improvement and staying ahead of industry trends through innovation. 

10. CO-WELL Asia

CO-WELL Asia is a prominent IT service provider in Vietnam that offers a range of IoT solutions, including smart home automation, industrial IoT, and healthcare IoT applications. Established in 2011, CO-WELL Asia focuses on creating smart home systems that enhance convenience, security, and energy efficiency. Their industrial IoT solutions enable real-time monitoring, predictive maintenance, and process optimization. In the healthcare sector, CO-WELL Asia develops IoT applications that improve patient monitoring, enable telehealth services, and enhance healthcare delivery.

Why Choose Them:

• Holistic Approach: CO-WELL Asia provides a comprehensive approach to IoT development, from initial consulting to full deployment and maintenance.
• Experienced Team: Their team includes seasoned professionals with significant experience in IoT projects, ensuring high-quality solutions.
• Customer Satisfaction: CO-WELL Asia is known for its strong reputation in delivering projects that meet client expectations. They focus on creating solutions that drive business value.

III. Choose the Right IoT Software Development Company

When you search on Google, you’ll come across hundreds of IoT development companies scattered around Vietnam. While many may offer similar services and promise the best solutions, remember that their levels of professionalism and pricing can vary significantly.

It’s important to note that the cost of services should not be your primary deciding factor. Often, the lowest price can correlate with the lowest quality. The dependability and quality of your IoT systems are critical to your business’s overall success—are you willing to compromise on that? Naturally, that’s a rhetorical question.

IoT Software Development

Generally, we advise you to consider the following factors when seeking one of the top IoT development companies that will meet your expectations:

• Team Expertise: If a company’s portfolio is not available on its website, don’t hesitate to ask.
• Rates: Be aware that rates can vary greatly depending on the region.
• Range of Services and Technologies: Ensure the company can handle your specific tasks.
• Business and Payment Models: Terms should be convenient for you.
• Communication Methods: Regular communication with the team is essential.

These are just basic parameters to consider initially. As you analyze the market, you may identify other crucial factors for your project. It’s also important to engage with company representatives and ask as many questions about their services as you can think of. This will help ensure you choose the right company for your business.

Conclusion

Vietnam has quickly become a prominent tech center in Southeast Asia, driven by its young, tech-savvy population and strong government support. With a dynamic startup ecosystem, the country is home to several leading IoT development companies.

From our list of top IoT development companies, choosing the right IoT partner is crucial for your project’s success. Look beyond cost and consider factors like expertise, service range, and communication methods.

Are you ready to take your IoT projects to the next level? TECHVIFY Software offers tailored, innovative solutions designed to meet your specific needs. Contact us today and let’s transform your vision into reality.