At the investment promotion conference within the visit of Vietnam President Tran Dai Quang to Japan, FPT and two major Japanese companies signed 30-million-USD MoUs for cooperation, laying the groundwork for their business transformation in the new digital era.
During his first State visit to Japan, State President Tran Dai Quang attended an Investment Promotion Conference entitled “Towards a New Era in the Friendship between Vietnam and Japan” and witnessed the signing of memoranda of understanding (MoUs) between Vietnamese and Japanese enterprises and representatives from Vietnamse cities and provinces and industrial parks.
The two FPT agreements are worth a total of over $30 million. It will cooperate with ISE Foods on the application of new technologies to develop smart egg production plants in Japan and Vietnam. As a technology pioneer in digital convergence, FPT will apply new technologies to help ISE Foods develop smart plant models that increase productivity and efficiency. ISE Foods operates a farm system in Japan and the US with more than 130 million chickens.
FPT will conduct digital conversion for Toppan Printing’s business operations, cooperating in IT human resources training and business process outsourcing (BPO) over three years. The two sides also plan to set up security centers and a BPO center in Vietnam and the ASEAN region. Toppan Printing is one of FPT’s strategic customers in Japan.
Mr. Truong Gia Binh, Chairman of FPT, said that these represent practical contributions by FPT in tightening relations and promoting trade and investment between Vietnam and Japan. The two MoUs also mark FPT “transforming” itself in its relationship with leading partners in the world. It will move to become a core partner in deploying important IT projects for clients, ranging from consulting, research, deployment, and maintenance to acting as a Systems Integrator (SI).
Over the recent years, FPT’s capabilities and pioneering position of Digital Transformation have been proven by global success stories such as: applying the most up-to-date technologies on developing Airbus’s digital services platform Skywise, implementing Internet of Things (IoT), Big Data, Artificial Intelligence and Data Science for Vietnam’s Oil & Gas Industry, etc. Gaining such global accomplishments has entrusted FPT as a Vietnam ICT focal point in Digital Transformation journey.
FPT’s revenue in Japan reached VND3.6 trillion ($157.7 million) last year, accounting for 50 per cent of total revenue from its overseas markets and was 25 per cent higher than in 2016. FPT Japan has 1,000 employees in six offices, in Osaka, Nagoya, Fukuoka, Okinawa, and Shizuoka, and more than 7,000 employees in Vietnam.
FPT Japan aims to record $200 million in revenue this year and have 1,400 employees, while orienting to transform into a Japan-based company operating under the group model, with a head office in Japan and member companies in each business field.
Established in 2005, FPT Japan’s long-term goal is to become one of the Top 20 ICT companies and SI Tier 2 companies in the country, with estimated annual revenue of $500 million and 3,000 employees.
Source: FPT Software & Vietnam Economic Times