VMO Holdings to open new branch in South Korea

The grand opening ceremony of VMO Korea took place at Lotte Central World, attended by Vietnam and Korean government officials, including Vietnam Ambassador to Korea, Nguyen Vu Tung, and Yang Hyang Ja, a member of the National Assembly's Trade, Industry, and Energy Small and Medium Venture Business Committee. Attendees also include Park Bong Gyu, chairman of the CEO Summit, as well as representatives from Korean SMEs and corporations, and VMO Holdings' Board of Directors.

The grand opening ceremony of VMO Korea took place at Lotte Central World, Seoul, on August 14. Photo courtesy of VMO Holdings

During the opening ceremony Shin Sung Jae, CEO of VMO Korea, said that Vietnam's emergence as a potential technology market presented an extraordinary opportunity.

He emphasized that, drawing upon the strengths cultivated over 11 years of VMO Holdings’ development and innovation worldwide, the establishment of VMO Korea would help expand transformative solutions and open up new frontiers.

"With unyielding determination and unwavering efforts, we, as a global delivery center, are ready to pioneer innovation, overcome challenges, and shape the future of technology," he said.

Shin emphasized that VMO's mission is a steadfast commitment to excellence and innovation, solidifying its dedication to propelling digital transformation and technological strides across diverse industries.

Vietnam Ambassador to Korea Nguyen Vu Tung doing the speech at the grand opening ceremony. Photo courtesy of VMO Holdings

South Korea's IT development has surged across multiple domains, including software development, AI, robotics, and data science.

The potential of technology in South Korea is immense, fortified by a commitment to research and development and its strategic geographical advantage. The country's technological infrastructure, government initiatives, and innovative ecosystem have contributed to its emergence as a global tech powerhouse.

However, in recent years, South Korea has been facing a significant shortage of IT experts. This challenge has become more pronounced as technology plays an increasingly crucial role in today's world.

The rapid growth of the e-commerce, fintech, and healthcare industries has exacerbated the demand for skilled IT workers.

A recent survey by the Ministry of SMEs and Startups of Korea indicated that over 75% of surveyed companies encountered difficulties in hiring and retaining local software engineers.

The biggest issues those companies encountered were lack of IT talent and the pay disparity between SMEs and large businesses.

Addressing this shortage, the admission and use of IT outsourcing services and software development as a service from other countries has gained traction among the Korean government, corporations, and SMEs.

Vietnam is one of the countries standing as a prime solution to meet the escalating demand for an IT workforce.

All the VMO's members took photo at VMO Holding's 10th Anniversary Celebration. Photo courtesy of VMO Holdings

Since 2012, VMO has successfully completed over 600 projects and satisfied hundreds of clients worldwide. Pioneering the IoT industry and the Build and Transfer model, the company has expanded globally with offices in Japan, America, Thailand, and Seoul.

VMO has consistently completed hundreds of projects, leaving a mark on a multitude of clients, including renowned Fortune 500 companies, across more than 40 countries and territories.

The establishment of VMO Korea marks a significant stride in the realization of the company's 2023 vision of global expansion.