AI in Business
Discover the 5 Leading AI Companies in Vietnam for 2025
12:36 AM UTC · December 11, 2024 · 8 min read
Sophia Lin
Entrepreneur and AI advocate focused on AI for social good and sustainability.
Entrepreneur and AI advocate focused on AI for social good and sustainability.
— in AI in Business
— in AI Research Highlights
— in AI in Business
— in Natural Language Processing (NLP)
— in AI in Business
Vietnam is rapidly emerging as a significant player in the global artificial intelligence (AI) landscape. By 2025, the country is expected to witness substantial growth in its AI sector, propelled by a combination of a robust technology ecosystem, government support, and an influx of talented professionals. This blog post will explore the current landscape of AI companies in Vietnam, identify the top five leading firms, and discuss the trends, innovations, challenges, and future prospects that shape this dynamic industry.
Vietnam's AI industry is characterized by a diverse range of companies, from established tech giants to innovative startups. The rise of these companies can be attributed to the country's highly skilled workforce, with over 50,000 engineering graduates produced annually and a growing emphasis on STEM education. Major cities like Ho Chi Minh City and Hanoi serve as hubs for AI development, fostering collaboration between tech firms and academic institutions.
Government initiatives play a crucial role in supporting the AI ecosystem. The Ministry of Science and Technology has implemented the National Artificial Intelligence Strategy for 2021-2030, which aims to position Vietnam among the top 50 AI countries globally by 2025. This strategic commitment includes funding for research and development, tax incentives for AI startups, and the establishment of dedicated AI research centers.
AI startups are crucial to Vietnam's economic transformation, contributing to job creation, innovation, and technological advancement. These companies are applying AI solutions across various sectors, including healthcare, finance, e-commerce, and logistics, enhancing productivity and efficiency. By leveraging AI technologies, Vietnamese firms are not only improving their competitive edge but also addressing local and global challenges.
As the AI industry in Vietnam continues to evolve, several companies stand out for their innovative solutions, expertise, and contributions to the sector. Here are the top five leading AI companies in Vietnam for 2025:
SotaTek JSC is a prominent player in Vietnam's AI and software development landscape. Founded as a subsidiary of Sota Holdings, the company has established a strong presence in various markets, including the United States, Australia, and Japan.
SotaTek offers a comprehensive range of services, including artificial intelligence, machine learning, blockchain development, and custom software solutions. The company focuses on delivering innovative web and mobile applications, cloud solutions, and blockchain technologies.
SotaTek has received several accolades, including the Sao Khue Awards for software development services and recognition as a top blockchain development provider by Clutch in 2021 and 2022. Their commitment to quality and innovation is reflected in their successful projects across diverse industries.
Established over a decade ago, Newwave Solutions has grown into a leading custom software development company with a strong focus on AI and emerging technologies. The firm operates in Vietnam and Japan, serving a wide array of clients.
Newwave Solutions specializes in AI, blockchain, and IoT development. Their expertise in creating tailored software solutions has attracted a clientele that includes well-known firms from Japan, Singapore, and the United States.
The company has garnered awards for its excellence in blockchain development and software services, including recognition as one of the best custom software developers in Vietnam by Clutch.
Waverley Software is a global software engineering firm with a significant presence in Vietnam. The company is known for its expertise in AI, IoT, and cloud consulting.
Waverley provides custom software solutions across various industries, emphasizing AI-driven applications and machine learning. Their focus on innovation has led to numerous successful partnerships and projects.
In 2023, Waverley was recognized as the top custom software developer in Vietnam by Clutch, highlighting their commitment to quality and customer satisfaction.
With over 20 years of experience, Elinext is a well-established software development consortium with offices in Vietnam and several countries worldwide. The company's extensive expertise covers various industries, including healthcare and finance.
Elinext offers a wide range of services, including custom software development, ERP solutions, and AI consulting. They have successfully implemented AI technologies to enhance operational efficiency for numerous clients.
Elinext has built a reputation for delivering high-quality software solutions and has received recognition for its innovative approach to AI and machine learning.
Founded in 2016, Hekate is a Vietnam-based AI firm focused on democratizing access to AI technologies. The company has partnered with notable organizations, including the UNDP, to drive sustainable development through AI.
Hekate specializes in natural language processing, computer vision, and machine learning. Their AI platform has enabled over 10,000 businesses to enhance their operations and customer service.
Hekate's products, including the tourism chatbot Danang FantastiCity, have received international acclaim, showcasing the company's innovative contributions to the AI landscape.
As Vietnam's AI industry evolves, several key trends are shaping its trajectory:
The Vietnamese government is actively promoting AI research and implementation through strategic initiatives. Investments in education, infrastructure, and tax incentives for AI startups are fostering a conducive environment for growth.
The demand for AI solutions is increasing across multiple sectors, including healthcare, finance, and e-commerce. Companies are leveraging AI to improve customer experiences, streamline operations, and enhance decision-making processes.
Vietnam is witnessing the emergence of numerous AI startups and innovation hubs, which are driving technological advancements and attracting international investment. This vibrant ecosystem is essential for nurturing talent and fostering collaboration.
Several innovative technologies are playing a pivotal role in advancing AI in Vietnam:
Machine learning and natural language processing (NLP) are at the forefront of AI development. These technologies enable businesses to analyze data, automate decision-making, and enhance customer interactions through chatbots and virtual assistants.
AI applications in healthcare, finance, and e-commerce are transforming service delivery and operational efficiency. From predictive analytics in healthcare to AI-driven financial services, the impact of AI is profound and far-reaching.
Big data and cloud computing are integral to the success of AI solutions. By leveraging vast amounts of data and cloud infrastructure, companies can develop scalable AI applications that drive innovation and improve service delivery.
Despite the promising landscape, Vietnam's AI market faces several challenges:
While Vietnam has a large pool of tech talent, there is a significant skills gap in advanced AI capabilities. Addressing this gap through education and training programs is crucial for sustaining growth in the sector.
As AI technologies advance, ethical considerations surrounding data privacy and bias in AI algorithms become increasingly important. Companies must prioritize ethical practices to build trust with users and stakeholders.
The investment potential in Vietnam's AI sector remains high, with opportunities for growth in research, development, and commercialization of AI technologies. As the market matures, companies that prioritize innovation will thrive.
Vietnam's AI industry is poised for significant growth, driven by key players like SotaTek, Newwave Solutions, Waverley Software, Elinext, and Hekate. These companies are at the forefront of AI innovation, contributing to the country's economic transformation.
With continued government support, a vibrant startup ecosystem, and a commitment to innovation, Vietnam is well on its way to becoming a leading player in the global AI market by 2025. The future of AI in Vietnam looks promising, with ample opportunities for businesses and professionals alike to thrive in this dynamic landscape.
For further reading on AI developments in Vietnam, check out our related posts on NVIDIA's bold move to open an R&D center in Vietnam and 10 Game-Changing Ways Agentic AI Will Revolutionize Industries by 2025.