FPT recognized as a successful example in Slovakia

During the talk with Deputy Prime Minister Vuong Dinh Hue on the occasion of his visit to the European Union, Minister of Economy of Slovakia- Mr. Peter Ziga confirmed that the investment of FPT in Slovakia is a successful example that needs to be replicated.

Deputy Prime Minister off Vietnam- Mr. Vuong Dinh Hue spoke at the talk.
Deputy Prime Minister of Vietnam- Mr. Vuong Dinh Hue spoke at the talk.

This has been quoted in the conference about investment promotion of Vietnam in Slovakia took place on the 21st of September in Slovakia’s capital Bratislava with the participation of more than 100 business representatives from Slovakia, Central & Eastern Europe and Deputy Prime Minister Vuong Dinh Hue, representative of Vietnam government.

According to the Deputy Prime Minister, regarding to the cooperation between Vietnam and Slovakia, in 2016, trade turnover of the two countries reached about 450 million USD, a 1.5- time increase compared to 2015 and 3.5- time increase compared to 2010. In term of FDI, Slovakia Republic has 8 projects in Vietnam with total registered capital of nearly 245 million USD, ranking 35th out of 122 countries and territories investing in Vietnam. Meanwhile, Vietnam also has an investment project of FPT in Slovak.

Speaking at the conference, Slovakian Minister of Economy Peter Ziga shared that Slovakia had the fastest growth for many years, lowest debt ratio in the Eurozone, political stability as well as highly innovative cutting-edge industries. “FPT is a giant Vietnamese corporation investing in Slovakia and this is a successful example that needs to be replicated, “said Minister Peter Ziga.

Slovakia is considered one of the key IT service providers of FPT not only in the European market but also globally. In 2014, FPT acquired RWE IT, an IT outsourcing company of RWE, and changed its name to FPT Slovakia. It is the first M&A deal of FPT in particular and Vietnam IT industry in general. This not only helps FPT improve its ability to provide SAP solutions and Smart Home solutions, but also helps the company expand its global customer base.

FPT Slovakia provides IT services to several companies in Germany, Slovakia and Europe. It is also considered as one of the key drivers for FPT’s strong growth in this market.

Source: FPT Corporation