After this deal, Rikkeisoft will set a new goal, a bigger, more challenging dream. Rikkeisoft will not stop at Unicorn (valued at 1 billion USD), but also aim for Decacorn - a company worth over 10 billion USD.
After this deal, Rikkeisoft will set a new goal, a bigger, more challenging dream. Rikkeisoft will not stop at Unicorn (valued at 1 billion USD), but also aim for Decacorn - a company worth over 10 billion USD.
Sumitomo Corporation - one of the largest and oldest corporations in Japan has decided to make a strategic investment in Rikkeisoft - a company specializing in software outsourcing in Vietnam. This is a deal worth up to thousands of billions of VND and is the largest deal in the Vietnamese IT industry this year.
The above information was shared by Mr. Ta Son Tung, Chairman of Rikkeisoft on his personal Facebook.
Just under two years ago, in early 2023, Rikkeisoft's Board of Directors started talking about the goal, the dream of becoming a Unicorn - a company valued at over 1 billion USD and IPO in the US.
Back in 2015, when Rikkeisoft celebrated its 3rd anniversary with only about 100 employees, Ta Son Tung, Chairman of Rikkeisoft, shared an ambitious goal of reaching 1,000 employees by 2020. At that time, at the anniversary party, perhaps no one believed that Rikkeisoft could reach this number. Just like not many people believed that Rikkeisoft would reach the billion USD mark.
However, by 2018, when the company had reached the 500-employee mark, a strong belief began to emerge throughout the entire leadership: the goal of 1,000 employees by 2020 was completely feasible. And indeed, not only did Rikkeisoft achieve the goal, it also completed it ahead of schedule, when in August 2019, Rikkeisoft officially reached the 1,000-employee mark.
According to Mr. Tung, in the field of IT services, currently, most Japanese, American, and Korean enterprises when coming to Vietnam have recognized that Rikkeisoft is number 2, just after FPT. But Rikkeisoft will not stop there and will continue to strive to become the number 1 IT company in Vietnam.
The IT market in Vietnam is currently lacking in human resources. Japan will still be a good market for Vietnamese technology companies, with a scale that could increase to 3,000 billion yen by 2030. According to the national strategy to 2030, the Vietnamese Government will increase the number of human resources in the IT industry to about 1.5 million people in 10 years.
Previously, Mr. Tung shared that Rikkeisoft wanted to solve the problem of shortage of IT personnel in the context of increasingly difficult recruitment and "recruiting Japanese personnel is easier than Vietnamese, with lower costs and more experience.
In addition to software outsourcing activities, Rikkeisoft leaders also expanded their investments from 2021, with the Rikkei Capital investment fund of 5 million USD, specializing in investing in blockchain technology and digital assets.
This field generates much more profit than software outsourcing. However, Rikkeisoft identifies software outsourcing as its core business.
Along with this deal, Summit Agro International Ltd (SAI) - a subsidiary of Sumitomo Group, has also invested in buying 49% of shares of Hop Tri Investment JSC. After receiving investment from SAI, the company will change its name to Hop Tri Summit JSC (HTS).
HTS is a manufacturer and distributor of crop protection products, fertilizers and public health products. The company was founded in 2003 by founders with strengths in agricultural cultivation technology. The company's manufacturing plants and analytical laboratories have achieved many international certifications.
Sumitomo Corporation is one of the largest trading and investment groups in Japan. The company started operating in Vietnam in 1995 with a representative office and in 2007 became Sumitomo Corporation Vietnam.
In Vietnam, the Group has invested and participated in many different areas of the Vietnamese economy, including: industrial parks; urban railways; power plants; airport projects, logistics, real estate, etc.
Sumitomo has made its mark in a series of major projects such as general contractor for the construction of the elevated section of the Ho Chi Minh City urban railway line No. 1 (Ben Thanh - Suoi Tien), general contractor for the construction of the Pha Lai thermal power plants, Duyen Hai 3 expansion, Phu My 2-2...
In particular, this group is also known as the investor of the Van Phong 1 BOT Thermal Power Plant with a total capital of 2.6 billion USD. The plant consists of 2 units with a total installed capacity of 1,432 MW. With this capacity, Van Phong is one of the largest thermal power plants in Vietnam and the largest coal-fired thermal power plant.
Sumitomo owns 58% of the capital of Thang Long Industrial Park Company Limited (TLIP). There are currently 3 Thang Long Industrial Parks in Vietnam including TLIP 1 in Hanoi, TLIP 2 in Hung Yen and TLIP 3 in Vinh Phuc.
Sumitomo has entered into a joint venture with BRG Group to cooperate in investing in the North Hanoi Smart City Development Investment Project (investment capital up to 4.2 billion USD) and holds 50% of the capital in the North Hanoi Smart City Development Investment Joint Stock Company (NH Smart City) - the investor of the North Hanoi Smart City project, with charter capital up to 14,260 billion VND. In addition, the enterprise also cooperates with BRG to comprehensively develop the FujiMart supermarket chain in the Vietnamese market, holding 49%.
Sumitomo Corporation and its member companies also own shares in many other companies in Vietnam, especially companies in the fields of electronic components, auto parts... On the stock market, Sumitomo - through SSJ Consulting - owns 9.71% of Gemadept (GMD) shares.
Source: https://baodautu.vn/sumitomo-corporation-dau-tu-hang-ngan-ty-dong-vao-rikkeisoft-d231165.html
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