Hanoi, April 12 (VNA) – Japan-based Enshu Railway Co.,Ltd. will invest in the establishment of a subsidiary focusing on softwaredevelopment in Vietnam in July.
As reported by Kyodo News, the Hanoi-based unit, EntetsuVietnam Co., will be capitalised at 30 million yen (274,000 USD) and becomeoperational in August.
The subsidiary will be engaged in developing web-basedinformation technology systems and smartphone apps and creating websites inorder for its parent to upgrade its services.
Enshu Railway, which has a track record of hiring foreignstudents as full- and part-time employees in IT-related departments at its headoffice in Hamamatsu, plans to employ local engineers for the subsidiary.
With its launch, the company will close its representativeoffice in Hanoi, which was opened in March last year.
The Japanese firm also runs bus and other transportationservices mainly in the Hamamatsu area in Shizuoka prefecture.
Under its three-year business plan through last March, EnshuRailway pursued diverse lifestyle and daily living services that also involvedthe real estate, insurance, nursing care, retailing and leisure sectors whilepromoting in-house digital transformation. But its business, particularly inthe mainstay transportation sector, has been hit by the COVID-19 pandemic./.
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