FPT IS partners with TradeWindow, the Premier Trade Platform in New Zealand

FPT has teamed up with TradeWindow, a leading technology company with the top online commerce platform in New Zealand, to enhance innovative business cooperation models and advance collaborative projects facilitating cross-border trade transactions. This partnership aims to stimulate the cross-border trade model between Vietnam and New Zealand, as well as the global market at large.

Accordingly, both parties have entered into a cooperation agreement to foster the integration of the TradeFlat platform (developed by FPT IS) with the CUBE Global Trade Platform (developed by TradeWindow). This initiative aims to cultivate comprehensive digital models for international trade activities, supporting the governments and businesses of both nations in enhancing opportunities and facilitating effective and reliable cross-border business connections. The signing ceremony was attended by Ms. Ginny Chapman - Deputy Ambassador of New Zealand, along with representatives from the New Zealand Asia Foundation in Vietnam.

TradeFlat and TradeWindow are set to collaborate closely, focusing on the following areas for platform integration: API Connectivity - Seamlessly connect trade areas and associated services, streamlining the processing of trade transaction flows and cross-border trade finance; Market Analysis and Strategic Planning; Partnerships with Australasian and Global Trade Platforms. In the immediate future, the objective is to effectively execute a test transaction (Proof of Concept - PoC), thereby establishing conducive conditions for stakeholders involved in trade activities in New Zealand and Vietnam to gain firsthand experience and adoption. By implementing a comprehensive digitalization process, the collaboration aims to stimulate rapid growth in two-way trade turnover over the coming years.

MoU signing ceremony between FPT IS and TradeWindow

The integration of TradeFlat with TradeWindow signifies the inaugural collaboration between a Make-in-Vietnam solution and an international platform to facilitate trade activities between New Zealand and Vietnam. Vietnam holds the 17th position out of 242 countries in terms of the highest export value (from New Zealand to Vietnam), the 14th position out of 241 countries in terms of the highest import value (from Vietnam to New Zealand), and the 14th position out of 244 countries in terms of the highest total commercial value. Reflecting on past achievements, bilateral trade reached 1.67 billion USD as of December 2023. Both parties are committed to achieving the target of 2 billion USD this year and setting sights on 3 billion USD by 2026.

During the event, Ms. Ginny Chapman, Deputy Ambassador of New Zealand to Vietnam, stated, "The collaboration between TradeFlat and TradeWindow will pave the way for Vietnam and New Zealand to tap into each other's potential, particularly in areas such as capacity building, expertise, and digital transformation technology solutions. This partnership is poised to bolster trade activities between the two nations."

Established in 2018, TradeWindow is a publicly listed New Zealand technology company on the NZX. It stands at the forefront of digitizing trade-related operations, information, and processes within the country. TradeWindow's CUBE global trade platform offers a comprehensive suite of functionalities and data insights tailored to support manufacturers, exporters, importers, logistics, freight forwarders, and governmental agencies, providing invaluable support concerning trade policy and regulation. TradeWindow dominates the New Zealand market, boasting the top market share in terms of goods exported abroad through its digital platform. Moreover, the company is experiencing rapid growth in market share in Australia and is currently piloting PoC projects with the governments of the UK and Singapore.

"We anticipate that this collaboration will initiate a comprehensive trade digitalization process between the two countries, fostering trade promotion and enhancing mutual cooperation. Our goal is to replicate this effectiveness in other markets as well," shared Mr. AJ Smith, Founder and CEO, and Mr. Mitchell Pham, Digital Transformation Director at TradeWindow.

For TradeFlat, the project represents the next phase in its endeavor to broaden the ecosystem by linking with the world's foremost trading platforms. "With the aim of becoming a premier online trade and trade finance platform in Vietnam, facilitating connections with key partners in international trade endeavors, our collaboration with TradeWindow serves as a pivotal cornerstone in realizing this vision. As a leading technology company in Vietnam and the region, FPT IS is committed to leveraging our expertise and solutions 'Made by FPT IS - Make in Vietnam' to facilitate the removal of barriers in the import-export process between countries. We aim to support businesses from both nations, providing them with advantages in navigating global supply chains and international trade," emphasized Mr. Tran Dang Hoa, Chairman of FPT IS.

TradeFlat stands out as Vietnam's pioneering L/C Blockchain platform, streamlining end-to-end L/C operations. Beyond enhancing efficiency in L/C transaction processes, TradeFlat addresses broader challenges in capital financing for businesses in Vietnam, including Supply Chain Financing (SCF), Electronic Guarantee (eGuarantee), and Business Financial Health Monitor.

The solution facilitates a 90% reduction in document transfer time compared to traditional trade and supply chain finance transaction flows. It also enables a 50% reduction in operational processing time for bank staff, resulting in a threefold increase in overall work productivity and effectiveness. This model has been researched and developed by numerous leading commercial banks in Vietnam.
In 2023, TradeFlat partnered with TradeWaltz, Japan's premier trade platform, marking the first collaborative solution aimed at facilitating and enhancing Vietnam-Japan trade. Within three months of signing the cooperation agreement, the two entities successfully executed a PoC, integrating the platform with international L/C transactions. This initiative heralded the commencement of deploying the cross-border cooperation model on an online commerce platform for businesses in Vietnam and Japan. This cross-border trade finance operation is on a large scale globally and is characterized by its high complexity and the involvement of multiple parties in the transaction.