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VietnamWorks, Vietnam’s Top Online Recruitment Site, Gets Acquired By En-Japan

In a surprise move today, en-japan, from Japan obviously, is acquiring Navigos group, the company behind VietnamWorks, Vietnam’s biggest recruitment firm. In Vietnam, VietnamWorks is generally synonymous with finding a job. It’s far and away the top site and lists thousands of job listings, and gets an average of 200 new job listings per day. En-Japan, one of Japan’s top online recruitment firms, has also expanded across Asia outside of Japan including South Korea, Singapore, Hong Kong, China, and Australia. This latest acquisition will be its first foray into mainland Southeast Asia. The specifics of the deal have not yet been confirmed and I doubt they will be, but it will send shockwaves through the startup community for sure. Local Vietnamese news site Cafebiz.vn has speculated earlier this year that the deal would be around $22 million. In February, CareerBuilder from the United States acquired VON (Vietnam Online Network), which manages KiemViec.com, the second biggest recruitment site in Vietnam. This left people wondering, why did CareerBuilder pass up VietnamWorks? Well, it looks like VietnamWorks had its sights elsewhere.

For the Vietnamese startup scene, this will be huge news, as VietnamWorks has been such a big and successful player in the online space. I’ve reached out to the CEO of VietnamWorks for comment and will keep you updated.

Hat tip to Chris Harvey for the catch.