Top 20+ blockchain companies in Vietnam for business success

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In Vietnam, blockchain adoption is predicted to increase significantly, with an expected CAGR of 10.03% from 2024 to 2028, resulting in a projected total revenue of USD 219.6 million by 2028. In this dynamic landscape, blockchain technology stands out as a driving force for innovation and growth. With the ability to revolutionize industries through decentralized solutions, Vietnam's blockchain ecosystem is growing strongly.   In this comprehensive guide for blockchain companies in Vietnam, we will dive into the leading companies that are shaping the future of blockchain technology. So let's dive in and explore the innovative world of blockchain development in Vietnam!

List of 20+ blockchain companies in Vietnam – a useful handbook for businesses

Below is a detailed table showcasing the top blockchain companies in Vietnam, based on various industry ratings and reviews. This will help businesses identify and select the most suitable partners for their blockchain needs. 

*Note: This table provides companies listed with prices arranged from low to high.

 

Company NameRatings/ReviewsIndustry FocusClient FocusPricing
Synodus5/5 (Clutch)Financial services, Retail, eCommerce, Real estateMidmarket (50%)
Small Business (35%)
Enterprise (15%)
$16 – $30/hr
Adamo Software4.8/5 (Clutch)Hospitality & leisure Information technology, Financial servicesMidmarket (60%)
Small Business (25%)
Enterprise (15%)
< $25/hr
Newwave Solutions Jsc5/5 (Clutch)Finance, Real estate, Business services, EducationMidmarket (60%)
Enterprise (30%)
Small Business (10%)
< $25/hr
Relia Software5/5 (Good Firms)IT, Education, Financial & PaymentsSmall Business (60%)
Medium Business (40%)
< $25/hr
TPS Software Corp5/5 (Good Firms)Healthcare & Medical, Telecommunication, Financial & PaymentsSmall Business (85%)
Large Business (5%)
Medium Business (10%)
< $25/hr
UPP Global Technology JSC5/5 (Good Firms)Utilities, IT, ManufacturingSmall Business (100%)< $25/hr
Kaopiz5/5 (Clutch)Telecommunications Arts, entertainment & music, AutomotiveMidmarket (40%)
Enterprise (30%)
Small Business (30%)
< $25/hr
AgileTech Vietnam4.4/5 (Good Firms)Startups, Transportation & Logistics, E-commerceSmall Business (100%)< $25/hr
TopSquad4.9/5 (Clutch)IT, Education, Medical, eCommerceSmall Business (60%)
Midmarket (30%)
Enterprise (10%)
< $25/hr
SotaTek5/5 (Clutch)Financial services, Arts, entertainment & music, EducationMidmarket (50%)
Enterprise (25%)
Small Business (25%)
$25 – $49/hr
Savvycom4.8/5 (Clutch)Finance, HealthcareMidmarket (50%)
Enterprise (30%)
Small Business (20%)
$25 – $49/hr
HolaTech4.8/5 (Clutch)Finance, Real EstateMidmarket (50%)
Small Business (30%)
Enterprise (20%)
$25 – $49/hr
Sphinx5/5 (Clutch)IT, Medical, Retail, eCommerceSmall Business (50%)
Enterprise (25%)
Midmarket (25%)
$25 – $49/hr
SparkMinds J.S.C5/5 (Good Firms)Financial & Payments, EnterpriseMedium Business (40%)
Small Business (60%)
$25 – $49/hr
UPZOOM5/5 (Good Firms)Advertising & Marketing, Business Services, Financial & PaymentsMedium Business (50%)
Small Business (30%)
Large Business (20%)
$25 – $49/hr
FALI Technology JSC4.8/5 (Clutch)Advertising & marketing, Arts, entertainment & music, Business servicesSmall Business (70%)
Midmarket (20%)
Enterprise (10%)
$50 – $99/hr
Titan Technology Corporation5/5 (Good Firms)Advertising & Marketing, Healthcare & Medical, TelecommunicationMedium Business (10%)
Small Business (90%)
$100 – $149/hr

Top 5 outstanding candidates on the list

Transitioning from our extensive list, let’s delve into the top 5 candidates. These companies stand out due to their exceptional performance, innovative solutions, and positive client reviews. Here’s what sets them apart from the other competitors:  

  • Proven track record of successful projects and client satisfaction. 
  • Specialized expertise in diverse industries, providing tailored blockchain solutions. 
  • Strong focus on innovation and continuous development in blockchain technology.

1. Synodus

Choosing Synodus as your blockchain partner in Vietnam places you at the forefront of innovation. Renowned for our expertise and with over five years of experience, we are a leader in offering comprehensive blockchain services. Our distinction lies in our commitment to: 

  • Ensuring rapid deployment, crucial in the fast-paced blockchain world.  
  • Delivering cost-effective solutions without compromising quality, maximizing your investment.  Maintaining transparency and open communication with all our clients.  
  • Taking a personalized approach to fully understand and meet your specific needs. 

What makes Synodus top this list of 5?

Synodus stands out at the top of the list for their comprehensive approach that extends beyond merely offering solutions. The company provides expert consultation to businesses on their journey towards success. With a deep understanding of the market dynamics across various industries, along with insights into business operations and management, Synodus is well-equipped to offer valuable advice and guidance. This support helps businesses not only improve but truly excel in their fields. 

2. Webisoft

Webisoft is known for delivering comprehensive blockchain solutions, from development to deployment. They cater to a wide range of industries, ensuring versatile and scalable applications. 

Pros: 

  • Excellent customer service and support. 
  • Versatility in handling projects across different industries. 
  • Competitive pricing. 

Cons:

  • Mid-size team, which may limit the capacity for extremely large projects. 
  • Slightly longer response times due to the high volume of projects. 

Best for: 

  • Small to medium-sized businesses looking for reliable and cost-effective blockchain solutions. 

3. SotaTek

SotaTek specializes in blockchain and AI, offering a blend of advanced technology and strategic insights. They have a strong presence in the fintech sector, providing robust blockchain applications. 

Pros: 

  • Strong focus on fintech and AI integration. 
  • High ratings for project execution and delivery. 
  • Cost-effective solutions for startups and SMEs. 

Cons: 

  • Limited experience in non-fintech sectors. 
  • Smaller portfolio compared to top-tier firms. 

Best for: 

  • Startups and SMEs in the fintech industry seeking innovative blockchain and AI solutions.

4. Savvycom

Savvycom is a well-established IT service provider with a strong focus on blockchain technology. They are known for their end-to-end solutions and excellent client support. 

Pros: 

  • Comprehensive service offerings, from consultation to deployment. 
  • High client retention rate due to superior service quality. 
  • Strong expertise in both blockchain and broader IT services. 

Cons: 

  • Higher costs for premium services. 
  • Project complexity might extend timelines. 

Best for: 

  • Enterprises looking for end-to-end blockchain solutions with reliable support.

5. HolaTech

HolaTech is a dynamic company that focuses on delivering cutting-edge blockchain solutions. They are particularly known for their work in the gaming and entertainment sectors. 

Pros:

  • Innovative solutions for the gaming industry. 
  • Strong client engagement and support. 
  • Competitive pricing and flexible packages. 

Cons: 

  • Limited experience outside the gaming sector. 
  • Smaller team, which might affect scalability for larger projects. 

Best for: 

  • Businesses in the gaming and entertainment industries seeking innovative blockchain solutions. 

These top five companies offer a range of specialized services and innovative solutions that cater to various business needs. Businesses looking for reliable and effective blockchain partners should consider these top performers to meet their specific needs. 

Why choose Viet Nam as your blockchain companion

In the previous sections, we discussed the top blockchain companies in Vietnam and highlighted the best among them. Now, let’s delve into why Vietnam is an ideal destination for businesses looking to leverage blockchain technology. 

Promising market potential

Vietnam’s blockchain market is poised for substantial growth, as evidenced by several key statistics from Statista and Forbes

  • Revenue in the Cryptocurrencies market: Projected to reach US$149.8 million in 2024. 
  • Annual growth rate: Expected CAGR of 10.03% from 2024 to 2028, with a projected total revenue of US$219.6 million by 2028. 
  • Average revenue per user: Estimated at US$14.8 in 2024. 
  • User penetration: Forecasted to be 10.11% in 2024, increasing to 12.09% by 2028. 
  • User base: Expected to reach 12.46 million users by 2028 . 

These statistics highlight the rapid growth and substantial potential of the blockchain market in Vietnam, making it an attractive destination for blockchain investments and development. 

Vietnam's rapid blockchain market growth makes it a prime destination for investments and development.
Vietnam’s rapid blockchain market growth makes it a prime destination for investments and development.

Key advantages of the blockchain industry in Vietnam

Vietnam offers several advantages that make it a compelling choice for businesses looking to implement blockchain solutions: 

1. Ready digital infrastructure

With a high rate of internet users and a well-developed mobile payment platform, Vietnam’s digital infrastructure supports seamless blockchain adoption. This boosts efficiency by automating processes, reducing errors, and saving time and costs.

2. Abundant human resources

Vietnam’s young, tech-savvy workforce is eager to learn and adapt to new technologies like blockchain. Universities offer formal training, and many professionals have strong English skills. This talent pool helps businesses build trust through transparent and secure blockchain solutions. 

3. Government support

The Vietnamese government actively supports blockchain technology, with regulatory frameworks in place to facilitate its application. This support helps businesses break down traditional barriers and access new markets through blockchain platforms.

4. Reasonable costs 

Developing and deploying blockchain solutions in Vietnam is relatively low-cost compared to other countries in the region. This affordability allows businesses to innovate and meet market demands more effectively, gaining a competitive edge.

5. Potential market 

Vietnam’s young, tech-savvy population provides a fertile ground for blockchain-based products and services. The market is ripe for innovative solutions that cater to this demographic, enhancing market reach and building trust. 

6. Dynamic community 

Vietnam has a vibrant and engaged blockchain community, fostering knowledge exchange and collaboration. Being part of this ecosystem helps businesses improve efficiency and competitiveness. 

The above advantages provide convincing reasons for businesses to choose Vietnam as their blockchain companion. In the next section, we will explore specific case studies and success stories from these companies to illustrate their impact on different industries.

Synodus’s successful blockchain case studies on several key industries

Continuing from the advantages of choosing Vietnam as your blockchain partner, it’s essential to highlight real-world examples of success. In this section, we will summarize Synodus’s successful case studies across several key industries. These examples illustrate how Synodus leverages blockchain technology to solve business problems, deliver measurable results, and drive innovation.

Finance

In the finance sector, Synodus has been instrumental in driving innovation, particularly in fintech and banking.

Fintech (Startups)

Synodus has played a pivotal role in transforming the fintech landscape, particularly for startups. One notable case study involves a P2P lending DeFi platform. Synodus developed a secure, scalable blockchain solution that enabled peer-to-peer lending, reducing operational costs and enhancing transparency. The project led to a 30% increase in user engagement and a 20% reduction in transaction fees.

Banking

Synodus has demonstrated remarkable progress in the banking sector. Leveraging blockchain technology, the company assisted a major bank in streamlining operations, boosting security, and enhancing customer experience. This implementation led to a notable 40% reduction in transaction processing time and a significant 25% increase in overall customer satisfaction. With the Finance segment comprising the bulk of Synodus’ blockchain projects, it underscores their prowess and proficiency in this area.

Digital Assets – NFT, Crypto

Synodus has played a pivotal role in the evolution of digital assets, particularly in the burgeoning realms of NFTs and cryptocurrency.

NFT Marketplace

Synodus successfully developed an NFT marketplace, enabling artists and collectors to buy, sell, and trade digital assets securely. The platform’s robust infrastructure supported a 50% increase in user base within the first six months and facilitated transactions worth over $10 million.

Crypto Wallets 

In the realm of cryptocurrency, Synodus has developed secure and user-friendly crypto wallets. These wallets offer enhanced security features and an intuitive interface, leading to a 35% increase in active users and a significant boost in transaction volumes. 

Synodus leads Vietnam's blockchain tech by overcoming business challenges and delivering tangible results.
Synodus leads Vietnam’s blockchain tech by overcoming business challenges and delivering tangible results. 

Real Estate

In the real estate sector, Synodus implemented a blockchain-based tokenization solution. This solution allowed for fractional ownership, making real estate investments more accessible and liquid. The project resulted in a 40% increase in investment participation and improved liquidity in the real estate market.

Supply Chain

Synodus has also addressed critical challenges in the supply chain industry. By implementing a blockchain solution, they enhanced transparency, traceability, and efficiency. This project led to a 30% reduction in supply chain inefficiencies and a 20% increase in overall productivity. 

These case studies highlight Synodus’s expertise in delivering successful blockchain solutions across multiple industries. By addressing critical business challenges and achieving measurable results, Synodus has established itself as a leader in the blockchain technology space. Businesses seeking innovative and reliable blockchain solutions can trust Synodus’s proven track record and expertise. 

FAQs

1. Do I need a deep understanding of blockchain to work with a Vietnamese company?

No, reputable companies will guide you through the process and explain things clearly. 

2. Do Vietnamese blockchain companies provide ongoing support after project acceptance?

Yes, reliable Vietnamese companies provide ongoing support and maintenance to ensure smooth operation. 

3. Is it safe to collaborate with a Vietnamese blockchain provider while being in a different time zone?

Vietnamese companies are accustomed to international collaboration and have flexible work schedules to bridge the gap. 

4. How do I find a reliable blockchain company in Vietnam?

Search for reputable Vietnamese companies’ profiles on Clutch, GoodFirms, and G2. 

5. What are the benefits of working with a Vietnamese blockchain company over a global one?

Competitive pricing, cultural understanding, and a focus on emerging markets are significant advantages. 

6. Do Vietnamese blockchain companies prioritize business data security?

Yes, the security of business data is a priority for Vietnamese blockchain companies. They offer robust solutions with strong security features. 

Final thoughts

The top 20 leading blockchain companies in Vietnam are distinguished by their diverse expertise and innovative solutions. With Vietnam’s robust digital infrastructure, abundant talent, and strong government support, the country is poised to become a global blockchain hub. 

As the market expands, selecting the right partner is crucial for maintaining competitiveness. For those seeking top-quality blockchain solutions tailored to their business needs, Synodus stands out among the top blockchain development companies in Vietnam. With extensive technical expertise and a commitment to excellence, we provide a comprehensive range of services to propel your digital transformation journey forward.

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