NTQ Solution and SB Technology - a subsidiary of SoftBank Corp. – organized a signing ceremony to establish a technology development center in Vietnam on April 6 in Hanoi, in the presence of officials from the Ministry of Information and Communications (MoIC), leaders and representatives from the two parties, and others.

At the event, SB Technology agreed to an investment in NTQ Solution to serve upcoming IT projects and the cooperation activities of both.

In particular, NTQ Solution will establish and develop a technology development center in Vietnam, gathering together experts and engineers in digital transformation. The investment is expected to leverage links between NTQ Solution and SB Technology, thus making a crucial contribution to the long-term business development strategy of both companies.

In the initial three-year period, the development center is expected to attract over 300 high-quality technology personnel. This will lay the groundwork to attract more than 1,000 talented individuals in the subsequent development phase, to become one of the largest such centers in Vietnam and the region. To achieve this goal, both companies will regularly implement various strategies, including talent acquisition, expert training, and new technology investment to improve overall project quality.

Vietnam has been an attractive technology destination for many global enterprises due to its abundant skilled workers, superior performance at optimal cost, and advantages from the shifting of global IT service supply chains towards emerging markets. The cooperation between NTQ Solution and SB Technology signifies how Vietnamese IT companies have gained a solid reputation in the global market.

Back in 2019, NTQ Solution began cooperation with SB Technology with a cloud infrastructure development project. The team has demonstrated excellent performance since, satisfying clients with high-quality deliverables. This has laid the foundation for the two parties to establish a long-term relationship and realize long-term investment cooperation strategies.

“SB Technology is very pleased to announce the establishment of the Technology Development Center in Vietnam, which is operated by NTQ Solution”, said Mr. Shinichi Ata, CEO of SB Technology. “The establishment of the development center in Vietnam is an important milestone in SB Technology’s long-term digital transformation strategy. By strengthening our relationship with NTQ Solution, which has extensive experience in global development projects, SB Technology and NTQ Solution will create new technologies and services together to deliver greater value to our customers.”

“The collaboration between NTQ Solution and SB Technology is the culmination of an effective and long-term established partnership,” said Mr. Pham Thai Son, CEO of NTQ Solution. “It is also the result of the ceaseless efforts of the governments of Vietnam and Japan in connecting the countries’ IT industries. We strongly believe that this investment opportunity opens new gates for both companies to grow further, contributing to strengthening the cooperation in digital transformation between the two nations.”

SB Technology is a subsidiary of SoftBank Corp., a telecommunications and IT operator that has one of Japan's largest customer bases, spanning diverse fields that include e-commerce, payments, and messaging. SB Technology provides Cloud solution, Security solution, and AI for enterprises and government agencies to support customers' DX and promote the creation of new businesses. In the Cloud solution, the company has a deep knowledge of Microsoft solutions, which has earned a reputation not only in Japan but also worldwide in the award of Microsoft. Having been growing significantly since 2013 focusing on Cloud & Security, SB Technology is expecting to reach sales of 67 billion JPY in Fiscal year 2023.

Thanks to its continuous expansion strategy and a strong focus on technology capabilities investment, NTQ Solution has continuously built strong trust with hundreds of businesses and major partners worldwide. This achievement also contributes to NTQ Solution’s early realization of the goal of becoming a leading global IT service provider by 2026.

About NTQ Solution: NTQ Solution was founded in 2011 with five members with a burning passion for technology. Over the past 13 years, it has undergone remarkable growth, expanding its workforce to more than 1,300 employees. Headquartered in Vietnam, NTQ operates with a global footprint, boasting seven offices in six countries and territories, including Vietnam, Japan, South Korea, Hong Kong (China), the EU, and the US. This expansion has solidified trust and garnered loyal customers for its services across 20+ countries and territories worldwide. At the core of its brand is the commitment to deliver digital solutions with world-class standards and “WOW” service to clients.

About SoftBank Corp.: SoftBank Corp. is one of the largest telecommunications carriers with over 40 million mobile subscribers in Japan. In line with its “Beyond Carrier” growth strategy, SoftBank Corp. is actively expanding into a wide range of new IT business sectors while growing its telecommunications business.