Japanese security provider Alsok is set to become a key member in Vietnam’s security industry by investing in the country’s number four player. Alsok plans to put 1,800 security guards at the Hai Phong company through a training program developed in Japan. Alsok, officially known as Sohgo Security Services, opened a subsidiary in Vietnam in 2009 and has been selling security equipment to Japanese companies operating in the country. In the long term, it plans to provide services to Vietnamese companies and local government agencies as well, the sources said. Nikkei Asian Review cited sources as saying that the company has decided to buy a 49 percent stake, the limit of foreign ownership in Vietnam, in Royal Hai Phong Security Service in the northern city of Hai Phong.

Source: Thanhnien News August 02, 2016 05:15 UTC