Việt Nam’s tech giant eyes revenue of up to $250 million from Japanese market by 2028

Việt Nam’s tech giant eyes revenue of up to $250 million from Japanese market by 2028

Việt Nam’s CMC Technology Corporation expects revenue from the Japanese market to reach US$200-250 million, accounting for about 50 per cent of its total revenue in foreign markets.

CMC cyber security team. — Photo courtesy of CMC

Việt Nam’s CMC Technology Corporation always sees Japan as a strategic market during its globalisation, said Corporation Chairman Nguyễn Trung Chính.

According to the corporation, it aims to have 5,000 employees by 2028, of whom 1,000 will work in Japan. The business expects revenue from the Japanese market to reach US$200-250 million, accounting for about 50 per cent of its total revenue in foreign markets.

At the same time, CMC plans to invest $100 million to build mini data centres in Japan to serve the needs of digital transformation and artificial intelligence (AI) development.

The group has built three offices in Japan's Yokohama, Osaka and Tokyo. In particular, on September 18, 2024, on the occasion of the opening of the office in Tokyo, CMC announced the "Enable Your AI-X" strategy, aiming to work together with Japanese partners to exploit the potential of digital transformation and AI.

Chính said that the corporation launched an initiative to accompany the Japan Business Federation (Keidanren) in opening the first representative office of the federation in Việt Nam.

CMC is ready to support modern facilities in HCM City to open up more extensive and intensive cooperation opportunities for the business communities of the two countries.

He also emphasised CMC's active role in realising activities under the Việt Nam-Japan Joint Initiative (VJJI 2024), especially in areas such as innovation, green transition, supporting industries and high-quality workforce training.

Chính said that his corporation will accompany the business communities of the two countries to create an era of innovation, science and technology and AI.

In addition to economic connection, CMC is also actively implementing high-tech research cooperation programmes. It has signed a cooperation agreement with the VLSI Design and Education Center (VDEC) at the University of Tokyo, aiming to develop AI applications and semiconductors, and build an innovation ecosystem in the high-tech field in Việt Nam. 

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