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Top 5 Recommended Blockchain Development Companies In Vietnam
The unique features of blockchain, such as transparency, non-falsification, and speediness, are attracting attention in various fields, such as virtual currency, finance, F&B, distribution, medical care, medicine, games, entertainment, and art etc., and are beginning to be used more and more. If you bring blockchain into your business, the expansion opportunities will be much easier, and the company’s market value will increase significantly. Along with the recommended blockchain development companies that we are going to share right after in this blog, we will also introduce the main points when choosing a partner and some other tips to have a successful project.
Criteria for Selecting a Blockchain Development Company
When choosing a blockchain development company, you need to keep in mind the following conditions.
- Development goal
- Budget/cost plan
- Technology
- Development plan
Let’s take a closer look at each.
Development Goal
First of all, it is important to carefully check whether the company has a track record of projects or products that match the development purpose of your company. Blockchain has various uses and functions, and it can be developed in many different ways of processing. Building financial systems such as loans and insurance, and decentralized autonomous organizations based on Blockchain technology, therefore, has many approaches and methods. Thus, developing NFTs and Games also has various ways of approaches, depending on the purpose of the projects. So, we may need the skills of multiple companies, such as design, attracting customers skills, marketing, technologies, etc., rather than those of just one company.
Considering these factors comprehensively, it would be a good idea to check in advance what kind of track record the partner-to-be has in the past, and what kind of companies and human resources they have connections with.
Budget/Cost Plan
Another important question to ask your own company is whether it is possible to develop within the budget set before.
In general, in terms of offshore or outsourcing development, costs are calculated based on a person-month unit price. It is calculated by multiplying the monthly unit price of engineers, project managers, testers, etc., and the development period. The most important thing to pay attention to here is the unit price of each team member, such as engineers.
Due to the shortage of IT human resources in Japan, labor costs are rising relatively. In contrast, in the case of development outsourced to an overseas development company, personnel costs can be reduced by more than half, and in some cases nearly 80%, so development costs can be greatly reduced. Offshore development cannot be said to have only benefits, since the technical level and development results vary depending on the country and company. However, there are many companies out there that are proficient in Japanese and have excellent IT human resources and development achievements that are as good as domestic companies, so there is plenty of room for consideration.
Technology
Blockchain development in recent years is about more than just building a network. Dapps and NFTs using smart contracts, blockchain games, traceability, sharing and management of copyrights, medical data, identification, etc. are the mainstream. There may be a choice between a public type where anyone can participate, a consortium limited to some participants or a private type. There are also architectural differences, such as on-premises or cloud.
It will be necessary to thoroughly examine whether the company you chose has the technologies that can realize the convenience of decentralization, speed, transparency, security, and low cost that meet the needs of Web 3.0.
Development Strategy
In blockchain development, the lead time until the product can be released is also very important. In addition to development costs, the true value of a development company is being tested in how much time it takes to define requirements, design, develop and implement, test, modify, and release. In addition, don’t forget to detail the conditions and to what extent post-release support will be guaranteed.
Why You Should Choose Blockchain Development Companies In Vietnam?
There are 3 main reasons why Vietnam has become a destination for companies looking to develop blockchain projects:
Abundant & qualified Blockchain Human Resources
According to LinkedIn estimates by 2021, Vietnam has about 10,000 software developers with expertise in blockchain development. They are always at the forefront and up to date with the latest technologies. Realizing the emerging trend of Blockchain, many IT developers have equipped themselves with Public Blockchain (Ethereum, Polygon, Cardano, Binance Smart Chain, …) or Private Blockchain (R3 Corda, Hyperledger). Therefore, you can rest assured when choosing Vietnam to outsource Blockchain development services.
Competitive Price
Compared to other regions, Vietnam can be an attractive destination, helping you cut costs while maintaining the high quality of your products. The hourly price of Vietnam is about $25-40/hour, lower than some giants of outsourcing services such as Eastern Europe, America, or East Asia.
English Competence
Besides their mother tongue, almost all graduates are exposed to English, helping Vietnam to rank 13th in the Asian region for English proficiency. Therefore, when you choose an IT Outsourcing Company in Vietnam, you can easily communicate with a dedicated team, with a Project Manager, a BA, or developers.
Top 5 Recommended Blockchain Development Companies in Vietnam！
SotaTek
Sotatek is one of the first startups in the field of offshore IT and Technology in Vietnam, and in just three years since its establishment in 2015, it has expanded the business to 14 countries. Currently, Sotatek has representative offices in Japan, the United States, and Australia, besides the Head office in Vietnam. Based on the philosophy of “Enhancing the value of companies and individuals through cutting-edge technology”, Sotatek aims to be the top offshore company and operate our business not only in Asia but also in the world.
With a large number of excellent engineers, it is an all-around player that handles all development work, including blockchain development, software development, AI, machine learning, and cloud implementation. Blockchain technology covers almost all fields, such as virtual currency exchange, IDO launchpad, ICO platform, DAO, DEX, DeFi, and NFT, and has a very rich track record of successful projects.
Low-cost, speedy, and high-quality development can be expected when you choose Sotatek. Whether you want to develop a blockchain from scratch or want to improve and update parts of various systems, this company is one of the best choices.
More details in SotaTek Clutch Profile
Savvycom
Savvycom is one of the leading IT companies in Vietnam, specializing in providing digital transformation consulting services and software solutions in the fields of finance, healthcare, and retail for domestic businesses and international clients. The company’s success is recognized by more than 200 customer reviews, including a Fortune 500 company. Savvycom has received more than 20 international honors and awards, as well as strategic partnerships. strategy with technology brands such as Apple, AWS, and Microsoft.
Savvycom’s team has developed large and complex projects using blockchain technology and achieved many positive results. In addition, the company has also developed the Savvycom-branded blockchain product ecosystem – thereby demonstrating its high level of expertise as well as the ability to research and innovate continuously with technology. Therefore, Savvycom has become one of the professional Blockchain Development Companies in Vietnam.
Some outstanding products applying Blockchain and AI technology of Savvycom must be mentioned, such as Savvy Bird, Savvydex, Savvy Fitness, … and many other outstanding products.
More details in Savvycom Clutch Profile
Relipa Co., Ltd.
The company name RELIPA is an abbreviation of “RELIABLE PARTNER”, which means that the company will be your long-term partner for every successful project. Relipa has built up a great deal of trust in domestic and foreign customers. Starting with the management team, the staff and engineers are young and energetic, boasting high development skills, and thus are one of Vietnam’s leading startups that are growing remarkably, full of passion and vigor.
Relipa specializes in offshore development and has a very good reputation for our team strength, mobility, and development capabilities in lab-type development. It is an all-around player with a wide range of fields, including blockchain development, VR, AR, AI development, web systems, business systems, smartphone applications, and cloud support.
The founders are excellent engineers who graduated from Hanoi University of Science and Technology and have experience studying in Japan. In blockchain development, Relipa covers all fields in one stop, such as smart contract development, ICO, IDO, IEO, DAO development, NFT, and blockchain games. Relipa has acquired ISO/IEC2700 and ISO9001 and has a track record of high-quality development backed by advanced and highly specialized knowledge. The company has also provided a large number of solutions through low-cost and speedy development, focusing on the acquisition of cutting-edge technology and the training of engineers.
Relipa has received much good feedback and comments from companies worldwide for its outstanding offshore development services. Relipa has a track record of development in a wide range of fields, including blockchain, and will take the initiative to respond to any request from the customer’s perspective. It is also possible to dispatch engineers to your company if necessary. As a “reliable partner”, Relipa will provide services that are close to the customers, so please do not hesitate to connect for a business opportunity.
Newwave Solutions
Newwave Solutions was established in 2011 in Vietnam and is currently run by a strong team of 300 employees dedicated to providing effective solutions to customers’ needs.
Besides providing emerging technologies like Blockchain and IoT, the company also supplies sustainable Software development services, including Web, App, or Mobile, UI/UX design, QA & Testing. Newwave Solutions also receives some recognition from business review sites such as Clutch & The Manifest.
More details in Newwave Solutions Clutch Profile
Ekoios
Established in 2018 with just a few members, Ekoios has been growing fast to become one of the leading IT corporations contributing to the high technology industry in Vietnam. Ekoios is focusing mainly on Blockchain Technology, AI, and Mobile Application development. The company provides streamlined solutions to startups and businesses from around the world from its base in Vietnam, a growing IT hub with a young, smart, and energetic workforce.
More details in Ekoios Clutch Profile
Conclusion
Blockchain is one of the essential next-generation technologies that will play a leading role in Web 3.0. However, the implementation status is still limited to a small number of industries and companies. Therefore, it can be said that the skills and levels of development of companies vary, and the company you choose to be your partner with is extremely important.
Relipa has gained the trust of many partners and clients worldwide with excellent offshore development services. Relipa fully supports your development with low cost, speedy service, advanced skills, and no language barrier.
