FPT IS bet its future on Smart 600 and Global 200

Chairman of FPT IS Do Cao Bao shares the dream of Smart 600 and Global 200 at the Strategy Conference.

FPT IS has just held 2014-2018 Strategy Conference with the key orientations including Smart 600 (reaching USD600 million in revenue from the domestic market) and Global 200 (earning USD200 million from international markets).

Accordingly, the Smart 600 strategy will focus on developing smart solutions dominating the domestic market namely smart health service, smart transportation, smart city, smart grid power, e-Government, e-citizen, e-customs, national information security, national finance etc.

The worldwide business opportunities of FPT IS in 2013 were estimated at up to USD120 million, 12 times higher than ones in 2012. This suggests that the globalization opportunity of FPT IS fully matures and that solutions and services provided by FPT IS are good enough to convince partners.

"Globalization is the main direction of FPT IS. By 2018, revenue from international markets is expected to reach USD200 million, accounting for 45 % of total profit", Chairman of FPT IS Do Cao Bao stated.

Singapore will be the large market of the Corp and FPT IS is striving to become the key player in this playground. Myanmar will also be among key markets as FPT Corp has made Myanmar 100 strategy. FPT IS will give priority to developing countries namely Bangladesh, Philippines, Indonesia, Laos, Cambodia, Bhutan, Senegal, Ghana, Peru etc. For developed countries, FPT IS will continue to develop ERP and BPO in the Japanese market; enhance the services of IT, system management, and large server installation as well as promote business opportunities in the U.S. and Europe.

To run the new strategy, FPT IS is expanding its products and business sectors under specific directions for each member unit.

At the same time, the company is also deploying its reengineering program to reach Global 200. Specifically, Global FPT IS will be reformed to become a member company of FPT IS instead of a center as before. The business target will be assigned for each country, sector and solution FPT IS Global is responsible for.

According to the head of FPT IS, in order to deploy the globalization strategy successfully, FPT IS needs to mobilize the whole core power, organizational and financial capacity, technology, resources as well as the coordination among the member units. It is expected that 50% of staffs will participate in globalization in different ways by 2018.