Infosys Singapore Pte Ltd, a wholly owned subsidiary of Infosys Limited, has received approval to establish a new wholly owned subsidiary in Vietnam. The new entity will operate under the name “Infosys Vietnam LLC” or another available name as per corporate registry requirements. This strategic move aims to expand Infosys’ presence and service capabilities in the Vietnam market, supporting future growth initiatives. The incorporation process is underway.
Expansion into Vietnam
Infosys Singapore Pte Ltd is moving forward with plans to create a new subsidiary within Vietnam. This decision was approved by the Board, marking a significant step in the company’s growth strategy within the Southeast Asian market. The subsidiary will operate as a wholly owned extension of the Infosys network.
Subsidiary Details
The planned subsidiary will be named “Infosys Vietnam LLC” or another name, depending on availability as per Vietnam’s corporate registry guidelines. Infosys aims to leverage this new subsidiary to enhance its service delivery and market presence in the region. The company expects that this new establishment will facilitate deeper engagement with local clients and enable the tailoring of solutions to meet the unique needs of the Vietnamese market.
Strategic Rationale
This strategic move reflects Infosys’ commitment to expanding its global footprint and strengthening its presence in key growth markets. By establishing a subsidiary in Vietnam, Infosys aims to tap into the country’s growing technology sector and provide enhanced services to its clients. The incorporation process is currently underway, and further updates will be provided as appropriate.
Source: BSE