On December 16, 2023, the Vietnam-Japan Economic Forum 2023 took place, with the presence of H.E. Phạm Minh Chính, the Prime Minister of the Socialist Republic of Vietnam, and high-level delegations from both countries. During the event, Kaopiz Holdings and Hammock Corporation signed a memorandum of understanding titled "Cooperative Memorandum for Driving Digital Transformation."

The Japanese market represents significant opportunities for Kaopiz and Vietnamese businesses.

The Vietnam-Japan Economic Forum 2023 is a vital annual event organized by the Vietnamese Ministry of Planning and Investment in collaboration with the Japan External Trade Organization (JETRO) and other organizations. This year's forum saw the participation of various leaders from Vietnamese and Japanese ministries and agencies, including Prime Minister Phạm Minh Chính, Minister of Planning and Investment Nguyễn Chí Dũng, Minister of Industry and Trade Nguyễn Hồng Diên, Vietnamese Ambassador to Japan Phạm Quang Hiệu, Minister of Economy, Trade and Industry Ken Saito, Japanese Ambassador to Vietnam Takio Yamada, JETRO Chairman Norihiko Ishiguro, leaders and representatives from various Ministries, local governments, business associations of both countries.

During the forum, Mr. Trinh Cong Huan - Chairman of Kaopiz Holdings., JSC and Mr. Daisuke Wakayama - President of Hammock Corporation established a memorandum of understanding to explore new opportunities for collaborative research and development in artificial intelligence and image recognition technologies.

PM witnesses landmark MOU between Kaopiz and Hammock Corporation, unlocking new innovations

Hammock Corporation, with over 30 years of business experience in Japan, has provided digital transformation solutions to more than 1,500 companies in Japan and around the world. Their unique Double OCR (WOCR) technology brings groundbreaking progress in optimizing character recognition processes, minimizing errors, and reducing costs and data input time.

Mr. Trinh Cong Huan, Chairman of Kaopiz Holdings, pledged to strengthen the strategic partnership with Hammock Corporation, building upon the success of their previous collaborations. He emphasized the commitment to contributing to the promotion of digital transformation in Vietnamese and Japanese enterprises.

In the context of the Fourth Industrial Revolution, digital transformation and innovation play pivotal roles. Japan is not merely a trading partner for Vietnam but also one of the top three countries for investment. Gratitude is expressed to the top leaders of the Vietnamese and Japanese governments and ministries for creating favorable conditions to foster engagement, cooperation, and investment in Japanese companies.

Over the past decade, Kaopiz has successfully led numerous digital transformation projects for Vietnamese and companies internationally.

As an example, Kaopiz has significantly contributed to the management and operational efficiency improvement of a sizable Japanese automotive factory in Central Vietnam. By applying AI/IoT technologies to production planning, they achieved the remarkable capability of expanding assembly capacity fourfold in just three years.

The Fourth Industrial Revolution has accelerated the continuous development of technological platforms. Understanding and applying technology are no longer optional but have become essential requirements for countries to thrive and align with global trends.

Companies across the globe, equipped with technological capabilities and advanced management levels, coupled with Vietnamese companies fuelled by dynamic and proficient technologists and an open business environment, can seamlessly fulfill each other's needs through mutual cooperation.

Building a perfect cooperative relationship requires overcoming barriers and difficulties arising from cultural and legal factors. However, the digital economy that flourishes under the foundation of mutual cooperation will truly epitomize the "Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World."

Kaopiz seizes this opportunity to pave the way for a bright future together with the people of Vietnam and the world.