Vietnamese Technology Innovators Achieve World-class Status Through Strategic Product Engineering Excellence
After nearly three decades of development, Vietnam’s technology sector is experiencing a remarkable transformation – shifting from a software outsourcing hub to a creator of innovative, world-class products. With digital technology and software-related exports reaching $11.5 billion in 2024 and ambitious targets of $100 billion by 2035, Vietnamese tech companies are no longer just service providers but strategic innovators.
Vietnam’s digital ambition: From Outsourcing to Innovation
Many Vietnamese technology companies are setting their sights on the global stage with products and technologies bearing the distinct mark of Vietnamese ingenuity. After nearly 30 years of development, Vietnam’s information technology industry has achieved significant milestones, contributing billions of dollars to the economy through software outsourcing and cultivating a high-quality talent pool.
In 2024, Vietnamese digital technology companies generated $11.5 billion in revenue from international markets, growing over 30% annually. The target for 2035 is to reach $100 billion, surpassing agricultural exports and marking a turning point in Vietnam’s export structure.
Government vision: Resolution 57 and the path to 2045
According to Resolution 57, Vietnam aims to become a regional and global digital technology manufacturing hub by 2045, ranking among the top 30 countries in innovation and digital transformation. Government leaders emphasize that this resolution focuses on mastering technology, design, and creating Vietnamese-made products.
Success stories: Vietnamese innovation on the global stage
MoMo: Leading the Fintech Revolution
MoMo currently serves over 30 million users nationwide and has been honored as one of the top 5 most beloved brands in Vietnam, according to Campaign Asia and Pureprofile. It is also the only Vietnamese fintech company to appear in this ranking.
This recognition validates that “Made in Vietnam” brands can earn user trust and elevate Vietnamese technology on the international map. MoMo’s success rests on two pillars: large-scale AI capabilities and a comprehensive digital financial ecosystem. MoMo’s AI is deeply integrated into user touchpoints, offering personalized financial product recommendations, risk alerts, and spending decision support.
MoMo has also built a comprehensive digital financial ecosystem designed to meet the daily needs of tens of millions of Vietnamese people, with seamlessly connected services including payments, credit, and insurance. On August 8, 2025, MoMo became the first financial app in Vietnam to integrate direct payment capabilities on Meta’s Messenger – a recognition from a global tech giant of MoMo’s security capabilities and ability to meet the highest operational standards.
Axie Infinity: Vietnam’s Blockchain Gaming Pioneer
Beyond MoMo, many other Vietnamese tech products are establishing their international presence. Sky Mavis’s Axie Infinity created a global phenomenon in blockchain gaming. With millions of players worldwide, Axie Infinity put Vietnam on the blockchain map and showcased Vietnamese creative potential.
Zalo Chat: Dominating the Domestic Market
Zalo Chat, a platform developed by VNG, maintains a strong foothold in the domestic messaging market, demonstrating Vietnamese companies’ ability to compete with global platforms.
The transformation: From service provider to product creator
The shift from software outsourcing to developing Vietnamese intellectual property in technology products represents a major leap forward. Companies like MoMo and Axie Infinity exemplify this transition, demonstrating that Vietnamese professionals not only possess the capability to master technology but also have the strength to create products that compete with international brands.
PowerGate Software: A strategic partner in digital transformation
In this landscape of transformation, companies like PowerGate Software represent the next wave of Vietnamese tech excellence. With over 15 years of experience as a global software product studio, PowerGate Software embodies the evolution from traditional outsourcing to strategic technology partnership. The company’s approach – combining systematic thinking with product mindset – mirrors the broader industry shift toward higher value creation and innovation.
PowerGate Software’s success in delivering over 200 projects globally, achieving ISO 9001 and ISO 27001 certifications, and even having a product acquired by Microsoft demonstrates that Vietnamese companies can compete at the highest levels of quality and innovation. This achievement aligns perfectly with Vietnam’s national ambition to move beyond cost-based competition toward technology leadership.
Looking ahead
From initial steps to milestones in conquering international markets, Vietnamese ingenuity is steadily affirming its position on the global technology map. These are products not only made in Vietnam but also designed to serve the world.
The journey from outsourcing to innovation represents more than economic transformation – it signals Vietnam’s emergence as a hub of technological creativity and strategic partnership. As companies like PowerGate Software, MoMo, and Axie Infinity continue to push boundaries, they pave the way for the next generation of Vietnamese tech companies to claim their rightful place among global technology leaders.
Vietnam’s tech sector stands at an inflection point: the infrastructure, talent, and ambition are in place. With continued investment in quality, innovation, and strategic partnerships, the target of becoming a top 30 innovation nation by 2045 is not just achievable – it’s inevitable.
