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FPT signs two deals at Vietnam-Germany Business Forum

Released at: 09:33, 08/07/2017

FPT signs two deals at Vietnam-Germany Business Forum

Photo: FPT

Group agrees to terms with Siemens and BPCE International at Berlin forum on July 6.

by Minh Tuyet

The FPT Group signed strategic cooperation agreements with Siemens and BPCE International at the Vietnam-Germany Business Forum in Berlin on July 6, witnessed by Prime Minister Nguyen Xuan Phuc.

It will cooperate with Siemens to exploit MindSphere, an open Internet of Things (IoT) platform based on cloud computing and used in many industries. The two will train about 1,000 workers in Vietnam.

Siemens will also provide digital services based on MindSphere in all areas in Asia-Pacific and Europe, with FPT working with Siemens to develop the systems and connect devices.

FPT will work with BPCE International, meanwhile, in developing solutions for digital banking.

While on his working visit to Germany, Prime Minister Phuc also met with leading German enterprises such as Siemens, BMW, Deutsche Bank, Talanx, Schaeffler, Airbus Defense & Space, Philips Lighting, and BPCE International, which all expressed an interest in cooperating with FPT in digitalization, IT, and software services.

According to Mr. Truong Gia Binh, CEO of FPT, working with IT giants is an important step for it to quickly build its competence and provide services and solutions to meet demand in Vietnam and globally. FPT is currently partners in cloud computing and IoT with General Electric and Amazon Web Services.

In the EU, it has representative offices in Germany, France, and Slovakia, with a total workforce of 300. It targets to grow its EU revenue by 28 per cent this year, or $35 million. In 2016 the EU contributed 11 per cent of its revenue in foreign markets.

2016 consolidated revenue was VND40.5 trillion ($1.81 billion), up 1.4 per cent against 2015, with pre-tax profit of VND3 trillion ($134.5 million), up 6 per cent, and after-tax profit VND2.57 trillion ($115.5 million), up 6 per cent.

After-tax profit attributable to the parent company’s shareholders and earnings per share (EPS) were both up 3 per cent, equal to VND2 trillion ($89.7 million) and VND3,925 ($0.14), respectively.

Its 2017 revenue target is VND 46.6 trillion ($2.05 billion), with pre-tax-profit to come in at VND3.4 trillion ($149.9 million), increases of 15 per cent and 13 per cent, respectively.

FPT’s overall goal is to become a global conglomerate and a pioneer in the digital world from 2017 to 2019.

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