What Electronics Communications Technology Investment Development does

ELCOM (Công ty Cổ phần Công nghệ - Viễn thông ELCOM) is a Vietnamese publicly listed technology company founded in 1995 and headquartered in Hanoi, with branch offices in Ho Chi Minh City and Da Nang, 101-250 employees, and a market capitalization exceeding 2,000 billion VND. The company operates across four primary verticals: Smart Traffic (Intelligent Transportation Systems including electronic toll collection, AI traffic cameras, traffic violation monitoring, and weigh-in-motion), Digital Transformation (Data360X data lakehouse platform, Intelligent Operations Centers for government command-and-control, and public safety systems), Telecommunications (mobile value-added services and VRBT delivered through Vietnamese MNOs), and National Defense & Security (satellite communications monitoring, vessel tracking, and secure communications systems for defense agencies).

Its technology stack combines proprietary AI/ML capabilities — computer vision (AI Vision) with claimed sub-0.05mm defect detection precision, predictive analytics for traffic flow, recommendation engines for personalized education (CoLearn), anomaly detection for health monitoring (1SK), and emerging AI agent orchestration — with IoT connectivity and data-lakehouse architecture. Notable operational footprint includes ETC systems at 112 toll stations across Vietnam, more than 2.3 million vehicle tags registered nationwide, and Data360X deployments achieving sub-4-second search latency against a 12-second requirement at Yen Bai Provincial government.

ELCOM's business model is predominantly enterprise/government sales-led: revenue is generated through public tenders and consortium bids for national infrastructure projects (e.g., the ~2,000 billion VND Long Thanh Airport IT package with VNPT and Viettel), long-cycle government procurement contracts for digital transformation, telecom operator VAS revenue-share agreements, and a smaller direct-to-consumer footprint via CoLearn and 1SK. Recognized with the Gold Cup 'Make in Vietnam' 2024 award for ITS products and an Excellent Digital Government Product award, the company is positioning itself as a sovereign Vietnamese technology vendor for critical infrastructure, smart cities, and defense communications.

Name

Electronics Communications Technology Investment Development

Legal name

Công ty Cổ phần Công nghệ - Viễn thông ELCOM

Website

https://elcom.com.vn

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

ELCOM is a Vietnamese publicly listed ICT company (HOSE: ELC, founded 1995) that builds AI, IoT, and smart-traffic platforms — including national electronic toll collection, government data platforms, and defense communications — for Vietnamese ministries, provincial governments, and state-owned enterprises.

Ownership category

akta.pro rank

Product category

Intelligent Transportation Systems and Government Technology

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing (334220), Computer and Peripheral Equipment Manufacturing (33411)

SIC

Services-Computer Integrated Systems Design (7373), Industrial Instruments For Measurement, Display, And Control (3823), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Communications Equipment, Nec (3669)

akta.pro primary industry

ELD Hardware Devices (In-Cab ELDs, Mobile ELDs) (TLAEAEAA)

akta.pro secondary industries

ELD Software & HOS Logging Apps (Driver Logs, DVIR, IF/PC Modes) (TLAEAEAB), Regulatory Reporting & Recordkeeping (FMCSA, DOT Audit Support) (TLAEAEAF)

Keywords

• Intelligent transportation systems
• Electronic toll collection
• Government digital transformation
• National defense communications
• Telecom value-added services

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Smart Traffic / ITS Solutions: Provides electronic toll collection (ETC), AI traffic cameras, weight-in-motion (eWIM), and traffic monitoring systems (ITMON) to government agencies, BOT operators, and transportation authorities. Revenue generated through government procurement contracts, BOT project deployments, and system integration services.
2. Government Digital Transformation: Delivers intelligent operations center (IOC), shared data platforms, and public safety systems to government agencies at provincial and national levels. Revenue through public tenders, government IT contracts, and implementation services.
3. Telecommunications / VAS: Value-added telecom services (VAS) including CRBT, ringback tones, messaging, and content services for Vietnamese mobile network operators. Revenue shared with telecom partners.
4. Online Services Platform: Direct-to-consumer online platforms including CoLearn (education), 1SK (health & fitness), and digital services targeting individual consumers and SMBs. Potential subscription or freemium models.
5. National Defense & Security Solutions: Specialized defense and national security products including satellite monitoring (SkyEye), vessel tracking (EyeSea), and secure communications systems. Revenue from government defense procurement contracts.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

ELCOM designs, develops, and deploys proprietary AI/IoT-enabled technology systems across four verticals: smart transportation (ITS ecosystem with ETC, ITMON, eWIM), government digital transformation (Data360X, IOC command centers), telecommunications VAS, and national defense/security (SkyEye, EyeSea). The company sells these as turnkey system integration projects and SaaS platforms, supplemented by direct-to-consumer online services CoLearn (education) and 1SK (health and fitness).

Product overview

ELCOM is a Vietnamese technology company providing integrated technology solutions across four main sectors: Smart Traffic (ITS), Digital Transformation, Telecommunications, and National Defense & Security. The product portfolio includes AI Vision computer vision technology, comprehensive ITS solutions (ETC toll collection, ITMON traffic monitoring, eWIM weight control), government digital transformation platforms (IOC command centers, Data360X data platform), telecommunications services (VRBT, VAS), and online services (CoLearn education platform, 1SK health platform). The architecture follows a platform-plus-modules approach, with specialized sub-products under each main category addressing specific industry needs in transportation, government, healthcare, and education.

Differentiator

Problem solved

Functional benefit

Brands

• VRBT: Value-added telecommunications services including VAS offerings.
• 1SK
• CoLearn
• VAS
• ITMON
• ITS (Intelligent Traffic System)
• SkyEye
• EyeSea
• Data360X
• AI Vision

Products and services

• AI Vision ELCOM's proprietary AI computer vision technology platform for image and video processing, applied across traffic monitoring (vehicle detection, license plate recognition, traffic violation detection), public safety, and smart city applications. Uses deep learning (CNN, RNN) and neural networks for image recognition and object detection.
• ITS (Intelligent Transportation System) Ecosystem Comprehensive smart traffic ecosystem for Vietnamese government transportation authorities and BOT operators, integrating Electronic Toll Collection (ETC), traffic violation monitoring (ITMON), electronic weight-in-motion (eWIM), AI traffic cameras, and an Intelligent Operations Center (IOC) based on data and digital maps. Deployed at 112 toll stations nationwide.
• ETC (Electronic Toll Collection) Non-stop electronic toll collection system enabling vehicles to pay highway fees automatically without stopping at toll booths. Sold to BOT operators and Vietnam's transportation authorities; integrated within ELCOM's broader ITS ecosystem.
• ITMON (Traffic Monitoring) Traffic monitoring and violation processing system that uses AI cameras to detect, document, and process traffic infractions for automated enforcement, designed for road traffic safety authorities and transportation departments.
• eWIM (Electronic Weight in Motion) Automatic vehicle weight control system using electronic sensors to monitor and enforce axle load limits on roads, designed for transportation authorities and road infrastructure operators to prevent overweight vehicle damage.
• Data360X Data Platform Centralized data management platform built on Data Lakehouse architecture for Vietnamese government agencies to integrate, manage, and analyze data across departments. Supports structured, semi-structured, and unstructured data with ACID-compliant transactions, ETL processes, BI/ML capabilities, and APIs for external data sharing.
• IOC (Intelligence Operation Center) Smart command center platform based on data and digital maps for government administrative operations and city management, enabling situational awareness and coordinated response across city agencies.
• Public Safety System Security and public order monitoring solution for smart city applications, providing situational surveillance and incident response capabilities for Vietnamese municipal and provincial authorities.
• SkyEye Satellite Communication Monitoring System Satellite communications monitoring system for national defense and security applications, providing signals intelligence and surveillance capabilities to Vietnamese military customers.
• EyeSea Vessel Monitoring System Maritime vessel monitoring and surveillance system for coastal security and national defense, tracking ship movements for naval and security agencies.
• VRBT (Virtual Reality Broadcasting Technology) Value-added telecommunications service for mobile operators in Vietnam, enabling virtual reality content broadcasting and distribution for telecom subscribers.
• VAS (Value Added Services) Mobile value-added services for Vietnamese telecom operators, including Call Completion (Missed Call Alert, Notify Me, Voice Mail), Self-Expression features (CRBT/ringback tones, Music Box), Voice Chat, Pay for Me, and other subscriber-facing telecom content services distributed via MNO billing partnerships.
• CoLearn Online Learning Platform Online learning application using AI and Big Data to deliver personalized study recommendations, live interactive classrooms, test banks, video lecture libraries, and AI-powered question answering, targeted at Vietnamese K-12 and higher education students, parents, and educational institutions.
• 1SK Health and Fitness Platform Comprehensive consumer health and fitness platform with FIT (guided training plans, nutrition knowledge, fitness community), CARE (IoT health data tracking, remote health consultation with 100+ doctors from leading Vietnamese hospitals), and STORE (smart health devices and supplements), using IoT connectivity and AI-Big Data analytics.

Quantifiable outcome

• Data360X search response time under 4 seconds (vs. required <12 seconds)
• +3 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability12 records

Feature9 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Long Thanh Airport Consortium (VNPT, Viettel, ELCOM + 2 others)coreStrategic or Co-development Partner · 26 April 2025ELCOM participated as one of five technology companies (alongside VNPT and Viettel) in winning Package 5.11 worth approximately 2,000 billion VND for IT systems at Long Thanh International Airport — Vietnam's largest airport project. This consortium structure combines multiple major Vietnamese tech firms to deliver comprehensive airport IT infrastructure.
• Son Hai Group (Tập đoàn Sơn Hải)coreStrategic or Co-development PartnerDescribed as a 'handshake of history' in Vietnam's transportation sector. ELCOM and Son Hai Group collaborate on smart traffic solutions for Vietnam's expressway infrastructure, combining ELCOM's technology capabilities with Son Hai's construction and infrastructure operations.
• Vietnam National University (AI research collaboration)minorStrategic or Co-development PartnerImplied through ELCOM's AI-powered product development (AI Vision, CoLearn, 1SK), the company collaborates with academic institutions on AI research and talent development.
• Leading Vietnamese Hospitals (Bach Mai, National Hospital of Dermatology, Nutrition Institute, National Mental Health Institute, E Hospital)minorStrategic or Co-development Partner1SK health platform partners with over 100 doctors from Vietnam's leading hospitals to provide remote health consultation services through the platform. The partnership enables AI-screened health data to be reviewed by credentialed specialists.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Cubic Transportation Systems: Large-scale provider of urban and roadway transportation solutions, including tolling and traffic management. A broad global incumbent offering overlapping capabilities with ELCOM's ITS/ETC stack.
• FPT Corporation: Vietnam's largest listed ICT company, offering IT services, telecom, and digital transformation to government and enterprise — directly comparable as a domestic incumbent competing for the same Vietnamese government IT and digital-transformation contracts that ELCOM targets with Data360X and ITS.
• VNPT: Vietnamese state-owned telecom and IT group; Long Thanh consortium partner and a key competitor in government digital transformation and smart-traffic systems. Operates across a similar B2G/government IT value proposition.
• Siemens Mobility: Global mobility and intelligent traffic systems supplier within Siemens, providing tolling, traffic management and smart-city infrastructure — a large incumbent serving the same ITS end-market as ELCOM, though at materially greater scale and international reach.
• Viettel Group: Vietnamese state-owned telecom and defense conglomerate; co-bid with ELCOM on the Long Thanh Airport IT consortium and competes with ELCOM's SkyEye/EyeSea defense and telecom VAS lines. Comparable as a broad incumbent with overlapping capabilities across ITS, defense, and government IT.

Direct peers

• Kapsch TrafficCom: Global specialist in intelligent transportation systems (tolling, traffic management, smart city) — a direct product peer to ELCOM's ITS, ETC, ITMON, and eWIM offerings in terms of underlying technology and customer use cases.
• CMC Corporation: Vietnamese ICT group providing IT services, cloud, and digital transformation to enterprise and government. Direct competitor for Vietnamese government data platform and digital-transformation contracts and a similar mid-scale domestic IT services peer.
• Iteris: US-based smart transportation infrastructure provider focused on traffic monitoring, AI video analytics, and roadway sensor systems — direct product overlap with ELCOM's AI Vision and ITMON traffic-monitoring solutions.
• Q-Free ASA: Norwegian ITS vendor specializing in electronic tolling, traffic monitoring, and connected vehicle infrastructure. Closely comparable to ELCOM's ETC and traffic-monitoring product portfolio from a technology-stack and end-customer perspective.

Regional players

• TMA Solutions: Vietnamese software services and embedded engineering firm competing for similar Vietnamese enterprise and government IT engineering talent. Comparable as a regional mid-sized Vietnamese tech competitor for IT services contracts and engineering talent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@elcomcorporation
• Facebookfacebook.com/ElcomCorporationVN
• LinkedInlinkedin.com/company/elcom.com

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Electronics Communications Technology Investment Development