Press release
Vietnam IT Company 724SOFTWARE Passes 500 Projects, Launches AI Subsidiary
724SOFTWARE's Hanoi Team
724SOFTWARE [https://724software.com.vn/], a Vietnam IT company providing offshore software development teams and enterprise IT services, has passed 500 completed projects, opened its third office, and appointed a new CEO at AI education subsidiary 724Edu, formalising the group's move beyond services into proprietary AI products. The three announcements close out a 12-month period in which the offshore Vietnam IT company crossed 200 engineers, served more than 100 active clients across over 10 countries, and retained 95% of them.
724SOFTWARE has been serving clients for 6+ years, and now operates as a group whose member companies include FTL, which delivers fintech and insurance software projects, and 724Edu, the group's AI education subsidiary. 724Edu is the first member company built from the ground up around proprietary AI products rather than client services, marking a new direction for a group that has historically grown through outsourced engineering.
The new office at Sao Mai Plaza, 431 Tam Trinh Street, Hoang Mai Ward, is the company's second Hanoi location and third site overall, joining the Khoi Viet Media Building headquarters in Hanoi and the Ho Chi Minh City office at 78 Nguyen Ngoc Phuong Street. The expansion adds capacity for a Vietnam software team that currently sits at more than 200 engineers, of whom 58% are senior level. The company can scale a client team from 1 to 50 engineers within 2 to 4 weeks.
"500 projects taught us that offshore buyers in Singapore, Australia, and the United Kingdom no longer want a Vietnam software developer on contract, they want a Vietnam software team that owns delivery end to end, which is why our average engagement now runs between 6 and 24 months and our client retention sits at 95%," said Aba Nguyen, CEO of 724SOFTWARE. "The third office gives us room to add roughly 120 engineers without breaking that retention number."
Client work to date spans capital markets, digital assets, banking, edtech, retail, and enterprise ERP. Engagements include a 24-month build of a trust-linked Mastercard processing platform for Unitrust Global in Hong Kong, an 18-month derivatives trading platform for SHS Securities in Vietnam, and a 24-month integration that embedded in-app stock trading inside the MyVIB mobile banking app, connecting VIB core banking to the KAFI securities engine with full eKYC onboarding. On the consumer side, the company built a K-pop fandom platform for Higher in South Korea that has surpassed 500,000 downloads.
On the ERP side, the Vietnam IT agency has deployed Odoo and SAP Business One systems for SAMNEC International, Tokyo Life retail stores, and TocoToco Milk Tea's network of 101 F&B locations, holding Top 5 Odoo service partner status in Vietnam.
In a related move announced May 26, 2026, the company appointed Nguyen Manh Hung, formerly Chief Technology Officer of 724SOFTWARE, as CEO of 724Edu. The subsidiary is running a proof-of-concept with VTC for an AI teaching support tool covering lesson preparation, knowledge structuring, and learning interaction tracking.
"Most AI tools in education look impressive in demos, but teachers don't actually use them," said Nguyen Manh Hung, CEO of 724Edu. "If it doesn't fit into a normal teaching day, it simply won't survive."
The company operates under ISO 9001, ISO 27001:2022, SOC 2 Type II, and GDPR compliance frameworks, and supports client work in English, Mandarin, Korean, and Japanese. A follow-the-sun model guarantees incident response within 10 minutes.
About 724SOFTWARE
724SOFTWARE has been serving clients for 6+ years, as an offshore Vietnam IT company headquartered in Hanoi with more than 200 engineers across three offices in Hanoi and Ho Chi Minh City. The Vietnam software developer provides dedicated engineering teams, custom software development, Odoo ERP, Microsoft platform services, and AI solutions to clients in Singapore, Australia, the United States, the United Kingdom, and the wider APAC region, serving Fintech, Digital Healthcare, Edtech, Retail, and Manufacturing customers. The group includes member companies FTL, focused on fintech and insurance software, and 724Edu, an AI education subsidiary. 724SOFTWARE holds ISO 9001, ISO 27001:2022, SOC 2 Type II, and GDPR certifications, is a Top 5 Odoo service partner in Vietnam, and maintains a 95% client retention rate across more than 500 completed projects and 100 clients in over 10 countries.
Media Contact
Company Name: 724SOFTWARE
Contact Person: Ariel Pham
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=vietnam-it-company-724software-passes-500-projects-launches-ai-subsidiary]
Country: Vietnam
Website: https://724software.com.vn/
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