HiPT

What HiPT does

HiPT JSC (Công ty Cổ phần HiPT) is a Vietnam-headquartered IT systems integrator and solutions provider founded in 1994 with 14 founding members, separating from FPT in 1995 to operate independently. The company, headquartered at 152 Thụy Khuê, Tây Hồ, Hanoi with a branch in Ho Chi Minh City, employs 501-1,000 people across wholly-owned subsidiaries including HiPT SC, HiPT ST, HiPT SG, HiSC, and the dormant HiPT Mobile (the former consumer mobile-phone brand 'hi-mobile', launched 2011). HiPT designs, procures, integrates, and supports enterprise IT infrastructure for government and banking clients in Vietnam, with documented deployments at the State Bank of Vietnam, Ministry of Finance, Ministry of Public Security, General Department of Customs, Techcombank, VietinBank, SHB, Bao Viet, and MobiFone.

The company's core technology stack revolves around IT systems integration across server/database infrastructure (notably Oracle Exadata — HiPT was the first Exadata X2-2 deployer in Vietnam), virtualization, storage, networking, data protection (Veeam Gold Partner since March 2026), and cybersecurity (Palo Alto Networks Innovator, Fortinet, Check Point, Infoblox Emerald Partner for DDI, Cisco Silver). Recent capability expansion emphasizes AI infrastructure provisioning (via HPE), hybrid cloud, and government cloud computing (Thua Thien-Hue province engagement). HiPT operates through multiple operating subsidiaries rather than a single legal entity, holds advanced certifications with major global vendors, and maintains a strong technical pre-sales and engineering bench.

HiPT generates revenue primarily through project-based enterprise and government IT contracts won via public procurement tenders and direct sales, with individual contract values documented from VND 6 billion to over VND 120 billion ($5M+) per engagement. Revenue streams include hardware resale, enterprise software licensing (Oracle, HP, Cisco, IBM, Microsoft), professional services for systems integration, specialized banking solutions (IBPS, internet banking, data warehousing), and government cloud services. The company's GTM is partnership-driven (co-hosted seminars with HPE, IBM, Fortinet, Check Point) and heavily dependent on government and large-enterprise anchor clients. The company cancelled its public-company status on July 25, 2025, returning to private operation under founder Chairman Võ Văn Mai, and remains active through ongoing 2025-2026 vendor partnerships and capital actions (share repurchase announced May 2026).

Name

HiPT

Legal name

Công ty Cổ phần HiPT

Website

https://hipt.vn

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Short description

HiPT JSC is a Vietnam-based IT systems integrator founded in 1994, serving enterprise, banking, and government clients with infrastructure, cybersecurity, cloud, and AI-enabled solutions through partnerships with global vendors like HPE, Oracle, Veeam, Cisco, and Palo Alto Networks.

Ownership category

akta.pro rank

Product category

Enterprise IT System Integration

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372)

akta.pro primary industry

Endpoint & Mobile Asset Management (UEM/MDM Asset Controls) (BPAEAOAI)

Keywords

• Enterprise IT integration
• Banking IT solutions
• Government cloud services
• Data protection
• Cybersecurity solutions

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. IT Solutions and System Integration: Core revenue stream from designing, integrating, and deploying comprehensive IT systems including hardware procurement, software deployment, and system commissioning for enterprise and government clients. Revenue generated through project-based contracts won via public tenders and direct enterprise sales. Major contracts documented range from VND 6 billion to over VND 120 billion per tender period.
2. Enterprise Software Licenses and Middleware: Resale and deployment of enterprise software licenses from technology partners including Oracle, HP, Cisco, IBM, Microsoft, and others. Revenue includes software licensing fees, middleware solutions, and related support services.
3. Hardware Sales and Infrastructure: Sale of IT hardware including servers, storage systems, networking equipment, and related infrastructure components from vendor partners such as HPE, SUN/Oracle, Cisco, and others.
4. Banking Solutions (IBPS, Internet Banking, Data Warehouse): Specialized solutions for banking and financial institutions including interbank payment systems (IBPS), internet banking platforms, and data warehouse implementations. These are mission-critical systems often funded by international organizations (World Bank).
5. Consumer Electronics (hi-mobile brand): HiPT previously operated the hi-mobile mobile phone brand, selling feature phones and smartphones through retail channels across Vietnam. This was a separate consumer electronics revenue stream, now largely dormant based on available source material.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

HiPT is an enterprise IT systems integrator that designs, deploys and supports end-to-end IT infrastructure and solutions for government, banking, financial and large enterprise customers in Vietnam. Core activities include hardware procurement, enterprise software licensing and deployment, cloud and data center solutions, cybersecurity, data protection, and specialized banking IT systems such as interbank payment platforms and internet banking. The company also operates through wholly-owned subsidiaries for system integration, IT services, regional coverage, and a dormant consumer mobile phone brand (hi-mobile).

Product overview

HiPT is an IT solutions provider offering a portfolio of IT products, solutions, and services spanning system integration, banking/financial IT solutions, cloud computing, and own-brand consumer electronics. The core offering consists of IT system integration and specialized solutions for sectors including banking, finance, government, and telecommunications. The product portfolio includes both HiPT's own branded products (hi-mobile phones) and technology solutions resold through partnerships with global vendors including Veeam (data protection), HPE (infrastructure), Palo Alto Networks (cybersecurity), and GRGBanking (banking devices). The company also provides presales technical consulting and has expanded into cloud computing services for government customers.

Differentiator

Problem solved

Functional benefit

Brands

• hi-mobile: Thương hiệu điện thoại di động do HiPT ra mắt năm 2011, hướng đến phân khúc điện thoại giá rẻ tại thị trường Việt Nam với các sản phẩm như i06, i08, i09, P05.
• hiSHOP

Products and services

• Banking & Financial IT Solutions End-to-end IT solutions for banks and financial institutions including internet banking platforms, electronic interbank payment systems (IBPS), data warehouse implementations, and financial transaction processing. Deployed for clients such as Techcombank, VietinBank, State Bank of Vietnam, and SHB.
• Enterprise System Integration Services Comprehensive IT system integration for enterprise and government customers covering hardware procurement, enterprise software deployment, network installation, virtualization, storage, and ongoing technical support. Delivered through dedicated pre-sales engineering teams.
• Government Cloud Computing Services Cloud infrastructure services for Vietnamese government agencies, including private cloud and community cloud deployment, training environments, and pilot administrative applications for e-government. First deployed under a cooperation agreement with Thua Thien-Hue Provincial People's Committee.
• Veeam Data Protection & Backup Solutions Resold and deployed Veeam data protection solutions covering backup and rapid recovery across virtualized, physical, cloud, and hybrid cloud environments, providing data resilience and business continuity for enterprise customers.
• HPE AI & Hybrid Cloud Infrastructure Solutions Resold HPE server, storage, and infrastructure solutions including HPE GreenLake, HPE Alletra storage, HPE VME virtualization optimization, and Aruba networking/SASE platform, delivered as part of HiPT's partnership with HPE for AI workloads and hybrid cloud deployments.
• Palo Alto Networks Cybersecurity Solutions Resold Palo Alto Networks advanced firewalls, cybersecurity platforms, and AI-powered security technologies for Vietnamese enterprise and government customers.
• GRGBanking ATM and Smart Teller Devices Resold GRGBanking hardware including the H68VL cash deposit and withdrawal machine and S005 smart teller device for banking front-desk and ATM operations in Vietnamese banks.
• hi-mobile Mobile Phones Own-brand budget dual-SIM mobile phones (models P05, i06, i08, i09) with MP3 playback, VGA camera, expandable memory, and access to social media apps. Sold nationwide through retail outlets in Vietnam. The hi-mobile brand is now largely dormant.

Quantifiable outcome

• First Oracle Exadata X2-2 deployment in Vietnam for Techcombank data warehouse
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

17 partnerships are on record, tiered core, supporting and strategic.

• HPE (Hewlett Packard Enterprise)coreTechnology or Integration · 1 May 2026HiPT is a trusted partner of HPE in Vietnam, co-hosting the 'Smart Enterprise 2026' technology seminar. The partnership focuses on AI infrastructure, hybrid cloud solutions, HPE VME virtualization optimization, and HPE SASE security platform. HiPT also co-hosted a seminar on April 9, 2024 with HPE and distributor ADG showcasing HPE GreenLake, HPE Alletra storage, and Aruba networking solutions.
• VeeamcoreTechnology or Integration · 1 March 2026HiPT achieved Gold Partner status with Veeam in March 2026. The partnership provides comprehensive data protection solutions covering virtualization, physical, cloud, and hybrid cloud environments with rapid backup and recovery capabilities. HiPT leverages Veeam's platform to deliver data resilience and business continuity solutions to enterprise customers.
• Check PointsupportingTechnology or Integration · 1 January 2025HiPT's technical team participated in a Technical Enablement session presented by Check Point representatives at the HiPT office. The session aimed to diversify the product ecosystem and explore new products, helping HiPT maintain innovation and service quality improvement.
• HPE Aruba NetworkingcoreTechnology or Integration · 9 April 2024Partnered with HPE Aruba Networking to provide enterprise networking solutions. HiPT co-hosted the April 9, 2024 seminar with HPE and ADG, featuring Aruba's SASE platform and WiFi solutions for enterprise customers.
• Palo Alto NetworkscoreTechnology or Integration · 1 January 2024HiPT became an Innovator Partner of Palo Alto Networks, a US-based multinational cybersecurity company headquartered in Santa Clara, California with 16 years of international market presence. Palo Alto Networks is known for advanced firewall platforms and cybersecurity solutions.
• ADG (Distributor)supportingChannel Partner/ Reseller/ Distributor · 1 January 2024ADG is a technology distributor that co-organizes seminars with HiPT and HPE to reach enterprise customers in Vietnam.
• InfobloxcoreTechnology or Integration · 23 August 2023HiPT received Emerald-level partner status from Infoblox on August 23, 2023. Infoblox is a leading provider of next-gen DDI solutions (DNS, DHCP, IPAM) with secure cloud-based network infrastructure platforms. The partnership enables HiPT to offer reliable and diverse security solutions to customers.
• GRGBankingstrategicChannel Partner/ Reseller/ Distributor · 1 February 2023HiPT signed an agreement in February 2023 to become a partner of GRGBanking, a top 3 global supplier of ATM machines, CRM solutions, and retail/branch transformation solutions. HiPT is authorized to supply GRGBanking products including the H68VL cash deposit and withdrawal machine and S005 smart teller device.
• Thua Thien-Hue Provincial People's CommitteestrategicStrategic or Co-development Partner · 15 June 2011HiPT signed a cooperation agreement with the Thua Thien-Hue Provincial People's Committee on June 15, 2011, for R&D and deployment of cloud computing technology in government agencies. HiPT will provide cloud infrastructure for training, research, and pilot e-government applications using private or community cloud models.
• OraclecoreTechnology or Integration · 1 January 2011HiPT is a Platinum partner of Oracle and the first company in Vietnam to deploy Oracle Exadata Database Machine. Recognized as outstanding partner for Exadata deployment and high middleware growth. HiPT deployed Oracle Exadata X2-2 for Techcombank (first in Hanoi) and the Ministry of Finance.
• IBMsupportingTechnology or Integration · 1 January 2011HiPT partnered with IBM Vietnam to co-host cloud computing seminars and provide IBM-based solutions to customers. Also partnered on a July 2023 seminar focused on modernizing storage and data protection for SMB customers.
• HPcoreTechnology or Integration · 1 January 2011HP is a core technology partner of HiPT. HiPT distributed HP Media Storage solutions, Blade products, and Exadata-related solutions in Vietnam. Long-standing partnership since HiPT's founding in 1994.
• EMCsupportingTechnology or Integration · 1 January 2011HiPT organized EMC Avamar administration training for representatives from 10 major tax departments nationwide as part of the centralized data backup system procurement project for the General Department of Taxation.
• University of Technology (Đại học Công nghệ)supportingStrategic or Co-development Partner · 1 January 2011HiPT signed a cooperation agreement with the University of Technology (Vietnam National University Hanoi) in February 2011. The partnership covers student recruitment (优先 employment for top graduates, scholarships), internship programs, and R&D collaboration on technology projects with university professors and PhDs.
• CiscocoreTechnology or Integration · 1 November 2010HiPT became a Cisco Silver Partner on November 1, 2010, meeting strict requirements including 2 CCIE certified engineers, infrastructure standards, call center requirements, and customer satisfaction evaluations. The partnership covers network technology solutions across Vietnam.
• AtexsupportingTechnology or Integration · 1 January 2010HiPT partnered with Atex to build the Tuoi Tre News English website (tuoitrenews.vn), launched June 18, 2010. This was the first announced project between HiPT and Atex.
• SUN MicrosystemssupportingTechnology or Integration · 1 January 2009HiPT worked with SUN Microsystems on database machine solutions and server technology. Business planning discussions were held in May 2009 for FY10 (2009-2010 fiscal year) collaboration.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Infosys: Infosys is a global IT services firm serving banking and government clients across ASEAN markets. Comparable to HiPT on enterprise system integration and digital transformation engagements targeting multi-national and large domestic accounts.
• Tata Consultancy Services (TCS): TCS is a global SI with a large Vietnam delivery center and a banking/government IT practice. While much larger, it competes with HiPT for large Vietnamese enterprise modernization and digital transformation mandates.
• Atos: Atos is a global IT services firm with strong presence in banking, government, and security in Asia-Pacific. Comparable to HiPT on enterprise infrastructure integration and managed services for regulated industries.
• Accenture Vietnam: Accenture provides IT consulting and SI services in Vietnam for banking and government clients. While skewed more toward consulting than hardware integration, it competes on large strategic transformation deals.
• FPT Corporation: FPT is Vietnam's largest IT services conglomerate with a system integration, BPO, and software arm. It is HiPT's most direct domestic competitor, and was HiPT's former joint-venturer before HiPT bought out FPT's stake in 1995. Comparable on enterprise and government IT services in Vietnam.
• Viettel Solutions (Viettel ICT): Viettel's IT services arm provides large-scale system integration, government IT, and digital transformation projects across Vietnam. State-owned parent gives it privileged access to many of the same government contracts HiPT targets.
• IBM Vietnam: IBM has a long-standing Vietnam presence, sells enterprise hardware, software, and consulting services, and is a documented HiPT technology partner. Competes with HiPT for large enterprise and government modernization projects.

Direct peers

• TMA Solutions: TMA is a Vietnamese IT services and software company with strong banking and telecom clients. Comparable to HiPT on enterprise IT services delivery, though TMA leans more on custom software development than hardware integration.
• CMC Corporation: CMC is a top-tier Vietnamese IT services and system integration provider serving banking, government, and telecom with a similar Oracle, Cisco, and security vendor portfolio. Directly competes with HiPT on banking and public-sector tenders in Vietnam.

Others

• Deloitte Vietnam: Deloitte's Vietnam practice serves banking and government clients on technology-enabled transformation. Adjacent rather than directly competing, but bids on the same RFPs as HiPT for large enterprise IT mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/tuyendung.hipt

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HiPT