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Recruit Holdings partners with Vietnam's No. 1 e-comm website operator to establish hotel booking website company

Nov. 19, 2012
Recruit Holdings Co.,Ltd.

Recruit Holdings Co.,Ltd. (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Masumi Minegishi) has partnered with Vietnam Price Joint Stock Company (Headquarters: Hanoi, Socialist Republic of Vietnam; Representative: Nguyen Ngoc Diep) to establish Mytour Vietnam company limited, which will operate the hotel booking website Mytour.vn. The investment, which was finalized today, was made through Recruit's investment subsidiary, Recruit Global Incubation Partners Co.,Ltd. Vietnam Price Joint Stock Company operates the country's No. 1 e-commerce website, Vatgia.com.

1. Mytour Vietnam company limited

Vietnam is ASEAN's third most populous nation, with 87.84 million people. The average age is just 27.4, and GDP is expanding at around 6% annually. Internet use is also rising rapidly, and by 2015 about 60% of Vietnamese are expected to be online. With the domestic travel market projected to grow significantly, the online hotel booking business is also expected to expand, and this drove the decision to establish Mytour Viet nam.

2. Mytour.vn

Mytour.vn is a domestic hotel booking website operated by Mytour Vietnam company limited. Through Recruit Global Incubation Partners Co.,Ltd., its investment subsidiary, Recruit joined with Vietnam Price Joint Stock Company to capitalize Mytour Vietnam. Vietnam Price Joint Stock Company, which operates Vietnam's largest e-commerce site, and Recruit, which operates booking websites in a number of countries, will seek to make Mytour.vn the country's largest hotel booking website and generate synergy in generating bookings as well as in operational terms.

Mytour.vn

3. Mytour Vietnam company limited Profile

(1) Name Mytour Vietnam company limited
(2) Representative Tran Thu Thuy
(3) Main business Tourism Services
(4) Shareholders Vietnam Price Joint Stock Company
Recruit Global Incubation Partners Co.,Ltd.

4. Vietnam Price Joint Stock Company (Vatgia.com)Profile

(1) Name Vietnam Price Joint Stock Company (Vatgia.com)
(2) Representative Nguyen Ngoc Diep
(3) Headquarters 202A Hue Street, Ngo Thi Nham Ward, Hai Ba Trung, Hanoi, Vietnam
(4) Established August 21, 2006
(5) Employees 735
(6) Main business e-commerce (operating Vatgia.com, Vietnam's No. 1 e-commerce site)
(7) Shareholders Founders, IDG Ventures Vietnam, Mitsui&Co.,Ltd., Cyber Agent Ventures, Inc. etc

Recruit Group's Global Operations

Business ContentBrand

Operating Area

Human Resources

Permanent Placement

RGF HR Agent

China/Hong Kong/Singapore/
India/Vietnam

RGF Executive Search

Hong Kong/Singapore/
India/Vietnam

Bó Lè  (capital/business tie-up)

China/Hong Kong/Taiwan/Indonesia/
Philippines/Thailand/Malaysia/Vietnam

Staffing CSI

North America

Staffmark
Advantage Resourcing

North America/UK/Australia

Online HR

51job (capital/business tie-up)

China

Indeed, Inc.

North America/UK/Ireland

Sales

Travel & Hotel Information

Jalan

China/Korea/US

PegiPegi Indonesia
Mytour.vn Vietnam

Housing Information

Taofang Corporation China
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