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FPT partners with Minh Phu Seafood in digital transformation

Released at: 16:33, 24/12/2019

FPT partners with Minh Phu Seafood in digital transformation

Photo: FPT

FPT to identify then implement transformation strategy for Minh Phu.

by Minh Do

The FPT Corporation and the Minh Phu Seafood JSC signed a strategic cooperation agreement and digital transformation consulting contract on December 24 in Ho Chi Minh City.

The two will focus on building a digital transformation schedule to maximize Minh Phu’s operational processes, cut costs, and improve production capacity to help it become the world’s leading technology-based seafood company.

As a strategic consulting partner, FPT will apply the FPT Digital Kaizen method to identify issues to be resolved and exploit opportunities from digitalization, then build Minh Phu’s digital transformation process.

Minh Phu’s strategy is to account for 25 per cent of the world’s shrimp market share by 2045, earning $10 billion in revenue, and becoming No.1 in the world. The company’s new mission is therefore to automatize production, build up big data for the entire shrimp industry and information connection networks as well as the company’s business value chain, apply traceability technology, and create key performance indicators.

“We are in the world’s top shrimp market and will reach higher as Vietnam has advantages in shrimp processing,” said Mr. Le Van Quang, Chairman of the Minh Phu Seafood JSC. “Digital transformation is evitable and will help us make breakthroughs in terms of prestige, capacity, and scale. We need a good consulting company that can accompany us on a new journey full of prospects and challenges, and we believe FPT is a good partner for our company.”

“Minh Phu has a position in the world and quickly decided to catch up with digitalization in order to reach new heights,” said Mr. Truong Gia Binh, Chairman of FPT. “FPT will accompany Minh Phu in handling important business issues and going global.”

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