FPT – Vietnam’s leading technology groups, on March 13 launched its sixth representative office in Hamamatsu city, Shizuoka prefecture.
According to FPT Chairman Truong Gia Binh, Japan is a potential market for IT companies, with about 20 Vietnamese IT enterprises having opened offices in the market so far.
For FPT, the Japanese market accounts for more than half of its global revenue. The firm has over 400 Japanese customers, including 50 of the world’s biggest businesses. FPT has maintained annual growth of 30 percent in the market.
The Vietnam Software and IT Services Association is encouraging the trend, which is hoped to lay a foundation for turning Vietnam into a software-export country, he noted.
Talking about advantages for Vietnamese IT companies when investing in Japanese market, Binh said similarities in culture and strong diplomatic and socio-economic ties between the two countries help Vietnamese operate in the market.
Vietnam can also help rejuvenate the workforce in Japan with its young population and low labour costs. Vietnam is a supply source of new technologies, artificial intelligence, robotics and data analysis that many Japanese companies want, he added.
After nearly 13 years of presence in the world’s most promising market, FPT Japan has become the largest foreign IT company in Japan. In 2017, revenue of FPT Japan reached USD 158.3 million, up 26% over the same period and accounting for 58% of FPT Software’s revenue.
At present, FPT Japan employs more than 1000 people in Japan and around 5,000 engineers in Vietnam to develop products for the most demanding markets in the world. Not only the large number of employees, FPT Japan also contributes to increase the position of Vietnam in the international business environment, especially in the field of IT.
Source: FPT Corporation & Vietnam Plus