SUN VIET TELECOMMUNICATIONS - INFORMATICS TECHNOLOGY DEVELOPMENT JOINT STOCK COMPANY: Sustainable Growth in a Competitive ICT Market

SUN VIET TELECOMMUNICATIONS - INFORMATICS TECHNOLOGY DEVELOPMENT JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN PHÁT TRIỂN CÔNG NGHỆ VIỄN THÔNG TIN HỌC SUN VIỆT), commonly known as SV Technologies JSC, has emerged as a formidable player in Vietnam’s fast-growing information and communication technology (ICT) sector. Registered under business ID and tax code 0302246183, the company was founded in 2008 and is headquartered at No. 2A, Phan Thuc Duyen Street, Ward 4, Tan Binh District, Ho Chi Minh City.

Chaired and managed by Mr. Nguyen Minh Tu—who also holds 84.25% of the equity—SV Technologies operates a workforce of 400 across its Hanoi, Da Nang, and Ho Chi Minh City offices. The company offers a wide spectrum of ICT services including computer systems integration, telecom infrastructure, web portal services, and software distribution.

In 2023, SUN VIET TELECOMMUNICATIONS - INFORMATICS TECHNOLOGY DEVELOPMENT JOINT STOCK COMPANY posted strong financial results with revenue reaching USD 203.91 million, a 10.92% increase year-over-year. Profit rose to USD 4.23 million—up 6.4% from 2022—while assets surged to USD 151.3 million, a 42.14% jump. Equity also increased 26.68% to USD 17.2 million. These figures reflect sound management and a healthy balance between growth and profitability. Working capital remained solid at USD 16.35 million, suggesting reliable liquidity.

The ICT industry in Vietnam is undergoing a transformative phase, driven by increased digitalization, government-backed smart infrastructure projects, and rising demand for cybersecurity and cloud services. Companies like SV Technologies are well-positioned to capitalize on these trends—but face intense competition from both domestic players and multinational IT firms.

From a risk management perspective, stakeholders engaging with SV Technologies should take a measured but optimistic stance. Although the company shows robust growth, its sector is vulnerable to rapid technological change and margin erosion. VANGUARD BUSINESS INFORMATION LLC advises requesting up-to-date Private Financial Data and initiating a Litigation Search to rule out any unresolved legal, tax, or IP disputes—especially given the technical nature of its operations and client base.

In conclusion, SUN VIET TELECOMMUNICATIONS - INFORMATICS TECHNOLOGY DEVELOPMENT JOINT STOCK COMPANY presents a promising investment or partnership opportunity in Vietnam’s digital economy. Still, as with all technology-focused firms, rigorous due diligence and continued performance monitoring are key. For a complete corporate review, including creditworthiness and legal integrity, VANGUARD BUSINESS INFORMATION LLC offers the expertise and data to ensure your business decisions are well informed and secure.