NTT E-ASIA MADE OCG TECHNOLOGY., JSC, A SOFTWARE DEVELOPMENT BUSINESS, A CONSOLIDATED SUBSIDIARY

In October 2023, NTT e-Asia Corporation (Shinjuku-ku, Tokyo, President and CEO Mr. Takashi Ebihara; hereinafter “NTT e-Asia”) purchased the shares of OCG TECHNOLOGY., JSC 1(Hanoi, Vietnam, CEO Mr. Akira Watanabe; hereinafter “OCG”) to make it a consolidated subsidiary (from 49% to 99.5% shareholding) in order to make it an expansion base for the NTT East Group’s software development system.

1: Established in 2016 as a joint venture between Vietnam Posts and Telecommunications Group, a Vietnamese telecommunications operator, and NTT e-Asia

NTT e-Asia established the Digital Promotion Department in October 2021 and has been promoting software development to support each business within NTT East Group. This department has also been aiming for the realization of NTT East Group’s Purpose, “Co- creation of a Community-based Recycling Society2.

In addition, OCG has been focusing on OutSystems, an LCP3,4 from the viewpoint of enhancing agility and optimizing costs, and has been training engineers specializing in OutSystems and building up a track record of projects.

In October 2023, NTT e-Asia made OCG a consolidated subsidiary, aiming for more efficient and timely software development, in response to the need to accelerate the provision of services and business development to local communities as NTT East Group promotes social innovation in Japan and Southeast Asian countries.

In the future, we aim to further promote social innovation in Japan and abroad by strengthening cooperation with various business partners.

2: “NTT East Group “Purpose” etc. established” (May 12, 2023)
https://www.ntt-east.co.jp/release/detail/20230512_03.html
3: Abbreviation for Low-Code Platform
4: “Starting Low-Code development support services using OutSystems” (May 30, 2022)
https://ntte-asia.co.jp/pdf/20220530_JP.pdf


Overview of OCG As of October 31, 2023

Company name

OCG Technology Joint Stock Company

Established

January 2016

Address

7th Floor, Vien Dong building, 36 Hoang Cau, O Cho Dua ward, Dong Da district, Hanoi, Vietnam

Shareholders

NTT e-Asia 99.5%, Others 0.5%

Representative

CEO Akira Watanabe

Main business

Offshore development business (software manufacturing by LCP, BPO/ITO, etc.)

Employees

113

Qualified personnel

OutSytems: 46, JLPT( N1/N2 ): 17, etc.

Website

https://ocg.vn

<Contact>
NTT e-Asia
Responsible person: Nakakita, Noguchi
E-mail : info@ntte-asia.co.jp

The information contained in the press release is as of the date of the announcement.
Please note that the information may differ from the information as of the date of the announcement at this time.

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