The world of blockchain has taken the world by storm and this is only set to continue. With new opportunities arising, businesses have been looking for ways to get ahead in this new trend. Outsourcing is a good way for businesses to streamline their processes and optimize their efficiency at a minimal cost. When it comes to Blockchain Outsourcing, there are plenty of benefits that you should consider before making your final decision. In this blog post, we can explore everything you need to know about Blockchain Outsourcing in Vietnam, four things to look out for when sourcing a provider, and which provider can have your trust. 

Why Outsource Blockchain Development?

IT outsourcing services are popular amongst the tech-savvy and business-savvy. With all the advantages of the right combination of hiring, training, and strategy, IT outsourcing is an excellent choice compared to building a large and expensive in-house development department. Outsourcing your blockchain development is a great way to save time and money without sacrificing quality. This will allow you to focus on your core business while the team of blockchain developers handles the blockchain implementation. Furthermore, you can save money by hiring experts at a lower rate than if you hired blockchain developers on-site. And lastly, you can avoid potential mistakes by hiring experts with extensive experience in blockchain technology.
 

4 Things to Look for in a Blockchain Outsourcing Company

There are many blockchain outsourcing companies out there with their pros & cons. Therefore, it's not easy to choose the most suitable company that can meet all your needs. Here are four necessary things to look for when sourcing a blockchain outsourcing provider. 

Experience 
The first thing to look for in a blockchain outsourcing company is experience. It is important that your blockchain developer has plenty of experience in blockchain technology. The first thing to look for in a blockchain outsourcing company is experience. Your blockchain developer must have plenty of experience in blockchain technology. You want to make sure that a team has enough experience to be able to effectively understand and adapt to the project requirements. An experienced team not only shortens the project implementation time but can also deal with problems that occur during software development, providing solutions quickly. Also, you want to make sure that your team of blockchain developers can quickly understand your ideas and requirements and have a solid grasp of the ins and outs of blockchain technology and its use cases so that they can build a secure and efficient blockchain for your business.

Prestige 
The prestige of your blockchain outsourcing company can make or break your blockchain implementation. After scanning and filtering for the most suitable companies in the list, you should check the legal status of these providers. Make sure that the company you're considering has the proper licenses and permits. When dealing with any business, you should never take anything for granted. If possible, check if they are compliant with local laws. And remember, it is important to select a blockchain outsourcing company that has a strong track record and plenty of positive reviews.

Communication 
You want to look for a blockchain outsourcing company with excellent communication. A blockchain implementation takes time, so it is essential that your outsourcing partner has strong communication skills. You want to work with a blockchain outsourcing company that is able to keep you informed with regular updates on the progress of your project. Working with a blockchain outsourcing company that doesn’t keep you informed could result in a botched implementation.

Reasonable Rate 
The cost of your blockchain implementation is a compulsory factor to consider. Everything needs to be transparent, so there should be no hidden fees or costs involved in the project. Prestigious companies are always clear in their quotations, especially famous ones. But sometimes, the bigger the name, the higher the price, and this price may be much higher than your budget. So you should choose a blockchain outsourcing company that has a reasonable rate for their services and is able to offer you solid value for your money. You can give a newbie a chance for the cheap price they give, or you can find a company with a long legacy of experience with a price worth the reputation. Choose wisely! You need someone who is worth the investment.

Why Vietnam for Blockchain Outsourcing?

Vietnam is one of the fastest-growing countries in blockchain technologies. According to thanhnien.vn, at Binance Blockchain Week Dubai 2022, Vietnam is considered a promising country for the development of blockchain technologies. In 2021, the Vietnamese blockchain community has achieved many fruitful successes, and many projects built by Vietnamese companies have become global icons in many different fields.
Not only that, with the potential workforce in the aspects of quantity and quality, especially the effective cost of this market, Vietnam is the best country for blockchain development outsourcing services, helping many businesses who had to suffer many severe consequences from the pandemic can fulfill their needs.
The outsourcing industry has been an integral partner in companies’ crisis responses across sectors. Offshoring software development to another country, such as Vietnam, is a smart decision that companies should consider to maximize their productivity in a cost-effective manner. This proven approach has led to many successful projects, as it allows a business to focus on its core competencies. It should be used as a strategy that can really boost a business.

Top Blockchain Outsourcing companies in Vietnam?

As mentioned above, when sourcing a blockchain outsourcing company, it is important to select a company that has strong experience with blockchain technology. It is also important to select a company that has a great reputation and excellent English communication skills. In addition, it is important that your blockchain outsourcing company offers you a reasonable rate for their services. If you follow these tips, you should be able to find a great blockchain outsourcing company in Vietnam. Let’s find out Top 5 blockchain outsourcing companies in Vietnam.

VMO Holdings

Being recognized as one of the top 10 Vietnamese IT companies in 2022, receiving double Sao Khue Awards for being the best IT outsourcing company and the best new IT solution/product in Vietnam, with all these successes in 2022, it's easy to see that VMO Holdings does not only talk the talk but walk the walk.
Established in 2012, VMO is a trusted IT outsourcing company based in Hanoi, Vietnam, with more than 1200 members and hundreds of excellently running projects. Over ten years of turning the same passion for technology and software development into business, VMO Holdings has developed and become a trusted partner of over 500 companies from 40 countries and continents with a diverse array of clients across industries such as Blockchain Startups & Innovation, Business Automation, E-Commerce, E-Health, E-Government, E-Learning, and Financial Technology,  a few of the example sectors. VMO Holdings has their own brand for Blockchain Technology - V2B Labs. V2B Labs is a visionary R&D firm engaged in blockchain services aiming to form alliances with established businesses as well as top-tier labs in the emerging industry. V2B Labs is a leading laboratory for researching, investing and developing solutions, technology, products, and services related to blockchain. With a $5,000,000 Grant Program, V2B Labs aims to provide financing to industry projects that contribute to the growth of the wider blockchain ecosystem. V2B Labs is dedicated to supporting fast-executing technical teams with blockchain experts who are highly skilled intellectual individuals and have substantial work experience and a professional network in the field. 
Following slogans such as "You share it, we care IT" and "Inspired by your needs, inspire you with top-notch IT solutions", VMO Holdings is rapidly becoming one of the leading IT companies, bringing innovation and efficiency to businesses. 

Sotatek

SotaTek is a part of Sota Holdings, a global Software Development as a Service (SDaaS) & IT Consulting group with 8 international offices in Vietnam, the US, Australia & Japan. We deliver sustainable Software Development, including Web/App, Blockchain, AI & Machine Learning, and Odoo ERP with success guaranteed.SotaTek stands for “State-of-the-art Technology”. We offer dynamic tech experts with strong determination, enthusiasm, and commitment to providing the most hi-tech IT services, with the ultimate goal to digitally transform and skyrocket the Client’s business. During 6+ years of development, our 600+ talent team has top-notch IT consultants developers who share deep expertise to successfully provide full-cycle IT services to our Clients from 20+ nations worldwide, with 350+ projects in various industries, such as Finance, Health Care, Retail, Real Estate, Education, Media & Entertainment. 

VNext

VNEXT Holdings JSC. supports development using various frameworks, services, and languages, centering on development with PHP/Java, etc. From webpages to various systems such as backbone systems and business systems, VNEXT Holdings JSC. can design and develop user-friendly system architecture according to the customer’s wishes. They also has experience in developing numerous iOS and Android applications in a wide range of fields, including business, medical care, education, finance, food and beverage, media, and services. They are capable of handling the whole application development process, from planning, design, and development to operation, using the latest technology and following the ever-advancing trends.
 

AgileTech

Agile Tech was established in 2015 in Hanoi, Vietnam. It specializes in web development, mobile app development, AI- big data services, and blockchain services. Through its team of highly skilled software engineers and IT professionals, the company has built multiple software products for leading companies and brands in more than 10 countries.
The company’s portfolio provides sufficient evidence of the company’s proficiency and ability to serve multiple industries. Agile Tech has developed custom software products for enterprise management, e-commerce, social media and entertainment, Fintech solutions, Service industry, Travel and hotel, healthcare, real estate, education, transportation, and lifestyle, among others.
Agile’s mission is to provide reliable technical solutions to enterprises to boost their business outputs. Guided by a mission to deliver successful and innovative solutions at reasonable costs and within short timelines, the company has earned recognition and a spot at the top of the list of trusted custom software development companies in Vietnam.

Amaris

Amaris is a 4,000-employees Worldwide Technology Consulting Company, founded in 2007 in Geneva, Switzerland. Rapidly expanding and growing, the Amaris Group now counts 65 offices in 50 countries. The main focus of our Digital Lab activities in Vietnam is on :
- Digital (Web / Mobile / E-commerce + UI/UX & Testing)
- Big Data / Data Science
- Frontier Technologies (Blockchain, AI, Machine Learning)
Amaris’s technology stack includes: J2EE Java, Python, AngularJS, Ruby on Rails, JavaScript, HTML, CSS, ReactJS, NodeJS, .NET, Apex, Swift iOS, Java for Android, Xamarin, React Native, Cordova

Summary

Vietnam is an excellent location to seek out software development outsourcing for your company or project. Hopefully, this list can help guide you as you are searching for a software outsourcing agency, consulting firm, or business processing outsourcing agency. Finding workers that are capable of developing using your technology stack or project requirements is no problem at all, with different agencies offering all that you might need. Vietnam offers great value for money.