Fujinet Systems and Uchida Yoko form strategic alliance
(VOV) - At a signing ceremony in Ho Chi Minh City on December 9 sealing a cooperation deal with Fujinet Systems, Uchida Yoko Group unveiled it has also added a 10% minority interest in the IT solutions firm to its portfolio of investments.
“The strategic alliance between the two Japanese based companies will allow each to benefit from the strengths of the other and gain competitive advantage,” said Fujinet Systems General Director Nguyen Dang Phong at the ceremony.
Phong said the alliance would allow for the two companies to not only improve their competitive positioning but also provide advantages in gaining entry into the highly competitive Vietnam market.
“The alliance brings synergy to the process,” said Uchida Yoko’s CEO Noboru Okubo, allowing for each to supplement their critical skills and share the risks and cost of major development projects.
He said specifically it permits flexibility and particular efficiencies in processing new orders on a consistent, timely and quality basis, which best satisfies the high demands of the firms’ customers.