Rakuten Fintech Vietnam Co., Ltd., a systems development subsidiary of Rakuten Card Co., Ltd. has relocated to a new location in Ho Chi Minh City as of November 13.

The change enables the company to further increase personnel and expand business operations, in response to growing systems development work.

Rakuten Card established Rakuten Fintech Vietnam as a development center in October 2021 with the goal of driving sustainable growth, accelerating systems development for its expanding service lineup and supporting business continuity planning for the IT systems that form the foundation of Rakuten Card’s services.

The Vietnamese government has implemented significant measures to support the development of human resources in the IT industry, heightening expectations over the long-term for securing and deploying top-tier tech talent within Vietnam. In addition, the minimal time zone difference between Japan and Vietnam is ideal for rapid response to business needs in Japan.

Since its establishment, Rakuten Fintech Vietnam has hired local IT engineering talent to develop services for consumer-facing apps, as well as systems for affiliate stores and business automation tools for boosting operational efficiency. As the company’s operations continue to expand, it has relocated to a new office building to strengthen the organization through a new open office structure that inspires communication and provides an optimal work environment for employees.

Takao Shiono, General Director of Rakuten Fintech Vietnam, commented:

“I am delighted to share today that Rakuten Fintech Vietnam has officially entered a new phase in our development. Our team in Vietnam has grown tremendously since launching in 2021, thanks to the invaluable support of local tech talent and the surrounding community. With more than 29 million cards issued, Rakuten Card is an industry leader in Japan. From our new position in Ho Chi Minh City, we are eager to further enhance Rakuten Card’s success and contribute to Rakuten’s leading fintech businesses.”

The new office is situated in District 1 of Ho Chi Minh City, conveniently located on the upper floors of a 26-story building overseeing the city. The office has been designed with a two-story atrium and extensive use of glass walls to create a spacious environment that facilitates communication and fosters a sense of unity. With a capacity for approximately 200 employees and conference rooms, huddle spaces and booths available, the new office provides an ideal environment for colleagues to collaborate on projects.