Rikkeisoft to invest up to $30 million in U.S. by 2026

This substantial investment will support technological human resource development, infrastructure expansion, and well-planned mergers and acquisitions.

Mr. Tung Bui, Senior Executive Vice President of Rikkeisoft and CEO of RKTech (Rikkeisoft's US subsidiary), made the pledge on September 18 (US time) during the Viet Nam and United States Business Forum - Technology and Innovation Cooperation in San Francisco. This was proclaimed in the presence of Vietnamese Prime Minister Pham Minh Chinh and both nations' representatives.

Mr. Tung Bui claimed that RKTech will invest $10 million to $30 million over the next three years in M&A initiatives, new office expansion, and technological human resource development. The investment for 2023 is planned at $2 million and is anticipated to grow to $30 million by 2026.

This huge investment is expected to produce hundreds of technology-focused employment opportunities in the United States, driving Rikkeisoft into the ranks of billion-dollar technology corporations within the next five years.

Rikkeisoft founded RKTech in Dallas in early 2023 to deliver high-quality and comprehensive information technology solutions and services to American organizations.

RKTech has already seen early success in developing its network of US partners and forging technological partnerships in a variety of industries, including automotive and manufacturing.

The CEO of RKTech focused on the investment's multifaceted impact and the distinct advantage that a Vietnamese technology business may provide to the United States. "This investment is more than just a cash injection. "It's a solution to the country's critical talent shortage in the tech industry," he added.

"With Vietnam's burgeoning high-skilled and low-cost tech talent, we are uniquely positioned to provide value-added services to US clients." Rikkeisoft's ambition isn't merely to go public by 2028. Its goal is to substantially enrich the American IT environment by delivering a long-term solution to talent scarcity," he continued.

Mr.Tung Ta, Chairman of Rikekisoft, stated that Rikkeisoft sees the US market as a strategic investment. "The company aspires to be a global technology services firm with a $1 billion market capitalization." As a result, a large market like the United States may considerably help Rikkeisoft achieve this aim," he said.

Rikkeisoft is aggressively studying and developing AI solutions for facial and speech identification in high-tech applications to improve productivity for organizations in industries like as human resources, finance, and banking. Rikkeisoft's subsidiary, Rikkei Academy, is developing in human resource training to educate students hoping to become Vietnamese information technology engineers.

Rikkeisoft is dedicated to establishing high-impact, far-reaching collaboration initiatives. Establishing RKTech and making long-term investments in the US market would be critical in assisting Rikkeisoft in meeting its IPO aim of 2028.

Rikkeisoft, founded in 2012, is the largest private technology business in Vietnam, focusing in assisting customers with digitization and creative solutions in the United States, Europe, and Asia-Pacific. Rikkeisoft has helped its clients and partners update their technical processes, build and deploy new software solutions, and accelerate their digital transformation throughout the course of its 11-year history. 

Source: VGP