FPT Japan raises Vietnam’s status

Finance Minister Dinh Tien Dung highly valued FPT Japan’s performance in recent times, saying that its outcomes have contributing to raising Vietnam’s status in the international business environment, especially in the high-technology sector. 

Finance Minister Dinh Tien Dung highly valued FPT Japan’s performance in recent times.

The statement was made by Finance Minister Dinh Tien Dung, who is on a working visit to Japan, at a meeting with leaders and officials of FPT Japan in Tokyo on August 23. 

Tran Dang Hoa, CEO of FPT Japan, briefed the minister on his company’s operation with four offices in Tokyo, Nagoya, Osaka and Fukuoka. The company will open a research centre in Okinawa. The revenue of FPT Japan is expected to reach USD 170 million in 2017 and USD 500 million in 2020.

In addition to economic value, FPT Japan wishes to share experience and knowledge on IT and business environment obtained in Japan and contribute more to the homeland.

According to Mr. Hoa, three years ago, Vietnam overtook India, becoming the second outsourcing country after China. However, the relationship between Japan and China is always tense and the costs in China are also high so Japanese partners are often afraid of technology, security, etc. “The increase in market share has created a lot of opportunities but also bring a motivation of capacity development,” CEO of FPT Japan affirmed. He also shared that the company is considering about M&A to increase market share and surpass China.

Finance Minister Dinh Tien Dung took pictures with FPT Japan's staff.
Finance Minister Dinh Tien Dung took pictures with FPT Japan’s staff.

Finance Minister Dinh Tien Dung highly valued FPT Japan’s performance in recent times. The company not only earns annually USD 150 million in revenue but also provides about 800 jobs to Vietnamese and Japanese workers. Vietnam has seen a robust development of IT application in the finance area, he said, adding other major areas such as tax, customs and securities have applied IT.

“The Ministry of Finance is dedicated to build e-government system and FPT has made significant contributions,” said Minister Dinh Tien Dung. He also committed to propose priority policy to promote the development of high-quality IT industry.

Minister Dinh Tien Dung noted that FPT Japan has been urged to contribute more to the Vietnamese IT sector as the world is entering the fourth industry revolution.

Credit: Nguyen Van (Chungta.vn)