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Vietnam – Recruit Holdings investing in HR firm Anphabe

12 September 2013

Recruit Global Incubation Partners (RGIP), the corporate venture capital arm of Japanese staffing company Recruit Holdings, has reached a deal to buy a 19.8% stake in Anphabe Joint Stock Co, a Ho Chi Minh City-based local human resource (HR) solution provider, according to tuoitrenews.vn.

The investment will support Anphabe expansion of its Online Network of Management professionals with the ambition of becoming the first integrated Employer Branding (EB) solution provider in Vietnam with four key groups of EB services – EB Strategy, EB Creative Development, EB Activation and EB Health Check.

Akihiko Okamoto, the President of Recruit Global Incubation Partners, said: “Vietnam is among [the most] promising countries with high economic growth potential while its human resources, especially in senior management segment is always scarce and [has] not yet satisfied business demands on quality.”

“This is one of [the] attractive reasons for international HR solution providers to invest into Vietnam. We decided the investment with two reasons. First, we [have scrutinised] Anphabe’s vision and strategy, and think it suits Recruit Group business philosophy. It is not [a] coincidence that we both select the mission of “Connecting Opportunities” and commit to invest in adding value to users through many free useful activities while developing sustainable business solutions,” he added.

Mr Okamoto continued: “We are also impressed by Thanh Nguyen and her team, who possess [a] unique combination of essential experiences and expertise to pioneer advanced and differentiated HR solutions. We expect Anphabe to bring new value to both employers and job seekers in Vietnam”.

In addition to financial support from the Japanese strategic partner, Anphabe will also have the chance to approach more advanced expertise and methodology to strengthen its service offering in EB solutions, in which Anphabe has been a pioneer in Vietnam.

Thanh Nguyen, founder and CEO of Anphabe, said: “The strategic investment from a global leading partner like Recruit Group one more time proves that our relentless effort is acknowledged.”

Anphabe currently owns and operates www. Anphabe.com, one as Vietnam’s largest Online Network of Management Professionals with more than 85,000 members, according to Anphabe. The company is also a HR solution provider for top businesses in Vietnam with main focus on senior professional target talents.

Recruit Holdings is one of the largest staffing providers in the world and has made several acquisitions in recent years. At present, they are believed to have made an offer of USD 400 million for Australian online job sourcing platform Freelancer.com.

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