In a recent interview with Nihon Keizai Shimbun, CMC unveiled its five-year growth strategy, which focuses on expanding its infrastructure in Japan and internationally. The company outlined detailed plans to meet the growing demand for digital transformation, with an emphasis on data centers, AI, cloud computing, and cybersecurity.
Strengthening Domestic Data Center Capacity
CMC has revealed an ambitious five-year growth plan, committing to a major investment of $500 million (about 75 billion yen) to enhance its infrastructure and meet the demand for digital transformation solutions.
As part of this plan, CMC will significantly scale up its data center capabilities across Vietnam. The company plans to boost the power capacity of its existing facilities in Hanoi, Da Nang, and Ho Chi Minh City from the current 10 megawatts to a robust 100 megawatts by 2028. This expansion will address the increasing demand for data and digital services in the domestic market, while also providing a solid foundation for serving international clients.
Japan at the Core of CMC’s Global Strategy
The Japanese market will be a central focus of CMC’s global growth plan. To meet the growing demand for AI-driven solutions from Japanese companies, CMC plans to build a new data center in Japan. Depending on the facility’s construction model, the investment will range from $50 million to $100 million (around 7.5 billion to 15 billion yen). This new data center will be an essential hub for supporting Japanese businesses’ digital transformation needs.
Additionally, CMC plans to scale its IT workforce in Japan significantly, aiming to increase the number of employees tenfold, with about 20% of its global workforce based in Japan. Chairman Nguyen Trung Chinh highlighted Japan as a key pillar of CMC’s expansion, stating that the company targets securing 50% of its international business revenue from the Japanese market in the near future.
Beyond Japan, CMC is also looking to expand its data center footprint in other key international markets, including the United States and Europe. Potential locations include Germany and the UK, where the company sees opportunities to enhance its global business and better serve customers across a wide range of industries.
Strong Financial Performance and Growth Outlook
CMC’s expansion efforts are supported by strong financial performance. The company reported a 40% year-over-year increase in sales for 2023, with operating profits remaining robust. Looking ahead, CMC has set ambitious targets to triple its sales and double its workforce over the next five years. These growth goals will be driven by continued investments in its data centers, cloud services, and cybersecurity offerings.
By positioning itself as a leading provider of advanced AI and cloud-based solutions, CMC is poised to play a crucial role in the digital transformation of businesses worldwide, with a particular focus on the Japanese market.
This strategic vision was shared in a recent interview with Nihon Keizai Shimbun. For more details, check out the full article in Nihon Keizai Shimbun.
