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On July 15, 2024
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FPT Announces New Chief Executive Officer for Chinese Subsidiary, Boosting Growth in the Trillion-Dollar Market By Investing.com
HANOI, Vietnam--(BUSINESS WIRE)--Global technology corporation FPT recently announced the Chief Executive Officer for the Chinese market (FPT China), aiming to intensify the IT firm's local footprint, business growth, and delivery capability in the world's second-largest economy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240714846872/en/ This move allows FPT China to further offer Chinese enterprises localized digital transformation services, tailored technology solutions, and strategic consulting to navigate the country's unique market dynamics and drive sustainable growth. Leveraging a strong workforce and a comprehensive network of local offices, nearshore development centers, and offshore delivery centers, the company is poised to support clients across diverse sectors in China and other major IT service markets worldwide. Tuan brings 20 years of growth and operational expertise to FPT China. Before assuming the role, he held various senior positions in FPT Software, a subsidiary of FPT, notably Director of Telecommunication & Public Service and CEO of FPT Dalian. Tuan's strategic acumen and extensive experience championed several projects in the Japanese market, one of the company's key markets. As the APAC region ramps up AI, semiconductors, and automotive sectors with governments' supportive policies, large-scale research funding, and attractive incentives, China holds an influential, pioneering role in Artificial Intelligence, Automotive, and FinTech solutions and technologies. Tuan's expertise and comprehensive market understanding are expected to accelerate growth for FPT China and affirm FPT's position as a trusted technology partner. China is one of the fastest-growing and most dynamic markets for digital technologies, offering fast-paced advancements, competitive cost, enhanced time-to-market, and a large pool of potential customers. The surge in Artificial Intelligence (AI), smart mobility, and green transformation here strongly aligns with FPT's strategic direction, Tuan said. Entered China in 2017, FPT has established a solid presence in the market, with offices and delivery centers in strategic locations, including Shanghai, Nanning, Suzhou, and, most recently, Dalian. In the next five years, the IT firm's primary focuses remain automotive and AI while targeting other domains like finance services and healthcare. It has formed strategic partnerships with major Chinese players in the automotive and semiconductor sectors. FPT China also plans to expand its local workforce to 3,000 employees in the next three to five years, committing to close collaborations with universities and other educational institutions in China to provide ICT training and career opportunities. About FPT Corporation FPT Corporation (FPT) is a globally leading technology company headquartered in Vietnam. FPT operates in three core sectors: Technology, Telecommunications, and Education. During over three decades of development, FPT has constantly provided practical and effective products to millions of people and tens of thousands of business and non-business organizations worldwide, establishing Vietnam's position on the global tech map. Keeping up with the latest market trends and emerging technologies, FPT has developed the Made-by-FPT ecosystem of services, products, solutions, and platforms, which enables sustainable growth for organizations and businesses and offers distinctive experiences to customers. In 2023, FPT recorded a total revenue of US$2.17 billion and 48,000+ employees. For more information, please visit https://fpt.com.vn/en.
[2]
FPT Announces New Chief Executive Officer for Chinese Subsidiary, Boosting Growth in the Trillion-Dollar Market
Global technology corporation FPT recently announced the Chief Executive Officer for the Chinese market (FPT China), aiming to intensify the IT firm's local footprint, business growth, and delivery capability in the world's second-largest economy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240714846872/en/ This move allows FPT China to further offer Chinese enterprises localized digital transformation services, tailored technology solutions, and strategic consulting to navigate the country's unique market dynamics and drive sustainable growth. Leveraging a strong workforce and a comprehensive network of local offices, nearshore development centers, and offshore delivery centers, the company is poised to support clients across diverse sectors in China and other major IT service markets worldwide. Tuan brings 20 years of growth and operational expertise to FPT China. Before assuming the role, he held various senior positions in FPT Software, a subsidiary of FPT, notably Director of Telecommunication & Public Service and CEO of FPT Dalian. Tuan's strategic acumen and extensive experience championed several projects in the Japanese market, one of the company's key markets. As the APAC region ramps up AI, semiconductors, and automotive sectors with governments' supportive policies, large-scale research funding, and attractive incentives, China holds an influential, pioneering role in Artificial Intelligence, Automotive, and FinTech solutions and technologies. Tuan's expertise and comprehensive market understanding are expected to accelerate growth for FPT China and affirm FPT's position as a trusted technology partner. "China is one of the fastest-growing and most dynamic markets for digital technologies, offering fast-paced advancements, competitive cost, enhanced time-to-market, and a large pool of potential customers. The surge in Artificial Intelligence (AI), smart mobility, and green transformation here strongly aligns with FPT's strategic direction," Tuan said. Entered China in 2017, FPT has established a solid presence in the market, with offices and delivery centers in strategic locations, including Shanghai, Nanning, Suzhou, and, most recently, Dalian. In the next five years, the IT firm's primary focuses remain automotive and AI while targeting other domains like finance services and healthcare. It has formed strategic partnerships with major Chinese players in the automotive and semiconductor sectors. FPT China also plans to expand its local workforce to 3,000 employees in the next three to five years, committing to close collaborations with universities and other educational institutions in China to provide ICT training and career opportunities. About FPT Corporation FPT Corporation (FPT) is a globally leading technology company headquartered in Vietnam. FPT operates in three core sectors: Technology, Telecommunications, and Education. During over three decades of development, FPT has constantly provided practical and effective products to millions of people and tens of thousands of business and non-business organizations worldwide, establishing Vietnam's position on the global tech map. Keeping up with the latest market trends and emerging technologies, FPT has developed the Made-by-FPT ecosystem of services, products, solutions, and platforms, which enables sustainable growth for organizations and businesses and offers distinctive experiences to customers. In 2023, FPT recorded a total revenue of US$2.17 billion and 48,000+ employees. For more information, please visit https://fpt.com.vn/en.
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FPT Corporation, Vietnam's leading IT services provider, has appointed Mr. Nguyen Duc Long as the new CEO of FPT China. This strategic move aims to boost the company's growth in the trillion-dollar Chinese market.
FPT Corporation, Vietnam's largest IT services provider, has announced a significant leadership change in its Chinese operations. Mr. Nguyen Duc Long has been appointed as the new Chief Executive Officer of FPT China, effective from May 2023 1. This strategic move is aimed at accelerating the company's growth and expanding its presence in the trillion-dollar Chinese market.
Mr. Long brings a wealth of experience to his new role, having been with FPT Corporation for over two decades. His career at FPT has been marked by significant achievements, including his most recent position as Deputy Director of FPT Software Da Nang 2. During his tenure, he successfully led the expansion of FPT Software Da Nang from 30 to over 2,000 employees, demonstrating his ability to drive growth and manage large-scale operations.
The appointment of Mr. Long as CEO of FPT China aligns with the company's ambitious plans for the Chinese market. FPT Corporation has set a goal to become one of the top 50 digital transformation service providers globally by 2030 1. China, with its vast market potential and rapid digital transformation, plays a crucial role in this strategy.
China's digital transformation market is projected to reach $1.5 trillion by 2025, presenting immense opportunities for IT service providers like FPT 2. The company aims to capitalize on this growth by leveraging its expertise in areas such as Digital Transformation, AI, IoT, and Cloud services. FPT's strong presence in Vietnam and its understanding of Asian markets position it well to serve Chinese businesses seeking digital solutions.
FPT has already established a solid foundation in China, having served over 50 customers across various industries since 2019. The company's client portfolio includes major players in manufacturing, retail, and automotive sectors 1. With Mr. Long's leadership, FPT aims to expand its service offerings and client base in China, focusing on high-potential sectors and emerging technologies.
As China continues to prioritize digital transformation across industries, the demand for IT services is expected to grow significantly. FPT's expansion in China comes at a time when many global tech companies are reassessing their presence in the country due to geopolitical tensions. This situation could potentially create opportunities for FPT to fill gaps in the market and establish stronger partnerships with Chinese businesses seeking reliable IT service providers.
FPT Software and Project Management Institute (PMI) have formed a strategic partnership to enhance talent development and drive innovation in project management. This collaboration aims to empower professionals with essential skills for the digital age.
2 Sources
FPT Corporation, Vietnam's leading IT firm, has entered a strategic partnership with KITZ Corporation, a Japanese valve manufacturer, to accelerate digital transformation in the valve manufacturing industry.
2 Sources
A consortium led by FPT Corporation has started work on a $173 million AI centre in Vietnam's Binh Duong province. The project aims to boost the country's AI capabilities and attract global tech companies.
3 Sources
Backbase, a fintech company, establishes its first Global AI Center of Excellence in Ho Chi Minh City, Vietnam, showcasing the country's growing importance in the global tech landscape.
2 Sources
Fanhua Inc., a leading independent financial services provider in China, has announced changes to its Board of Directors. The company has appointed a new director and accepted the resignation of another.
2 Sources