Renowned Asian corporate services provider, Acclime, has recently announced the acquisition of Vietnam based Finex Corporation. As per credible sources, this acquisition deal has increased Acclime’s headcount in Vietnam to more than 100 and has doubled the size of the its business in the rapidly expanding Vietnamese market.
For the record, Finex was established in 2008 and had started as an HR consultancy, offering services such as recruitment, payroll, HR consultancy, and staff outsourcing services to global clients operational in Vietnam. As the business flourished, its service portfolio expanded to include tax, accounting, and compliance.
Reportedly, the Founder and Director of Finex, Betty Lim and Director of Finex, Kevin Lam, are expected to join Acclime as partners while managing the client portfolio of Finex. Further, the company is estimated to merge with Acclime's current Vietnam business during early 2021, working out of a combined premises in Ho Chi Minh City as well as Hanoi. Besides, Acclime has an operational office in Danang.
Speaking of the initiative, Betty Lim has stated that it provides Finex an opportunity to be part of a regional network and offer the its high-quality services across nine countries. Lim also added that this deal will allow the company to support its clients who are aiming to expand businesses to other parts of Asian market.
Meanwhile, Martin Crawford, co-founder and CEO of Acclime stated that Vietnam provides a promising market for corporate services as international businesses prefer to invest in the country owing to its size and demographics along with the availability and quality of skilled resources. With this, Acclime intends to support such FDI clients by helping through its outsourcing services for their accounting, legal, and HR needs.
The addition of Finex to Acclime provides the company a substantial opportunity to diversify its client base and offer a wide range of services such as full-fledged HR outsourcing. Further, its clients can have remote access to its one-stop solution throughout Asia, Crawford added.
Further, Acclime Vietnam Managing Director, Matthew Lourey, stated that the company rebranded Domicile Corporate Services to Acclime last month following its merger with Acclime over a year ago. Lourey further stated that the company looks forward to welcome Finex team on board and positioning itself as the distinguished service provider in Vietnam.