Enterprises agree to first BPO partnership
Vietnam FPT Software and Agrex of Japan signed a memorandum of understanding on March 12 to establish the first joint venture of BPO (Business Process Outsourcing) in Southeast Asia.
The venture, to be known as F-Agrex, is jointly invested by FPT Software, a subsidiary of the software giant FPT Corporation (FPT) and Agrex of Japan’s IT Holdings.
The joint venture is designed to implement global BPO. Under the MoU, F-Agrex will take full use of Agrex in its last 50 years of implementing BPO and experiences from FPT Software in managing large-scale software projects in the past 15 years to deploy high-quality and competitively priced BPO projects in the Japanese market.
F-Agrex will now consider expanding its BPO services to other potential markets, including Vietnam and other ASEAN countries.
Truong Gia Binh, CEO of FPT, said the venture is scheduled to operate from this July.
FPT will also work with FPT Polytechnics to open a Japanese language course and BPO training department.
Okamoto Susumu, President of IT Holdings Corporation, said the number of staff in the first year of operation would be 100 and would reach 500 the next year.