FPT IS Advances the Development of Electronic Contract Solutions in the Korean Market

During a collaborative session with MarkAny, a prominent technology firm specializing in data security in Korea, FPT IS experts introduced two "Made by FIS" solutions: FPT.eContract solution for electronic contracts and FPT.CeCA for electronic contract authentication.

The event featured the presence of Mr. Le Duc Anh, Director of the Center for Information and Digital Technology (CID) at the Vietnam E-Commerce and Digital Economy Agency (Ministry of Industry and Trade); Mr. Do Son Giang, Deputy CEO of FPT IS; Mr. Choi Jongwook and Mr. Choi Go, CEOs of MarkAny, and representatives from all parties involved.

During the event, MarkAny CEO Choi Go introduced the Invisible Watermark product, an advanced solution extensively employed for ensuring information security. He also expressed the company's aspiration to broaden its business operations to the international market, particularly in Vietnam, which holds significant growth potential in the e-contract field.

FPT IS representative Mr. Le Trung Hieu introduced the solutions FPT.eContract and FPT.CeCA. Mr. Hieu highlighted that FPT.eContract has received certification and is extensively utilized by Vietnamese businesses, resulting in a 70% reduction in costs and an 80% decrease in time spent on the contract signing process. Additionally, FPT.CeCA's involvement in the Vietnam Electronic Contract Development Axis (CeCA) establishes a dependable foundation for the advancement of e-commerce and the digital economy. During the presentation, Mr. Hieu also introduced the newly launched platform KYTA.GATE, which provides identification and electronic transaction solutions. This platform enables users to customize business processes as needed, facilitates the digitization of forms, documents, processes, personal and business identifiers, reduces the time required to conduct purchasing and sales operations, and fosters connectivity between individuals, businesses, and government agencies such as the Ministry of Public Security and the Ministry of Industry and Trade.

The "Made by FIS" solution suite has garnered significant interest from MarkAny. CEO MarkAny recognized the potential of FPT IS products and expressed a keen interest in partnering with FPT IS to develop FPT.eContract and FPT.CeCA in Korea.

Representatives of CID (Vietnam E-Commerce and Digital Economy Agency, Ministry of Industry and Trade), FPT IS, and MarkAny posed for photos. The forthcoming collaboration between FPT IS and MarkAny promises to deliver the most optimal solutions for businesses in the digital era.

Mr. Le Duc Anh, Director of CID at the Vietnam E-Commerce and Digital Economy Agency, praised FPT IS as a top technology company in Vietnam, citing its numerous exemplary products. He particularly highlighted the FPT.CeCA solution, which has gained the trust of Vietnamese businesses in facilitating the digital transformation journey. "Shortly, Vietnam will expand its use of electronic contracts, where parties can digitally sign contracts that are legally recognized. This includes contracts for utilities such as electricity and water payments, contract appendices, and e-commerce orders. On behalf of the Ministry of Industry and Trade, I strongly believe that FPT.CeCA will be able to address this evolving need in the commercial sector," shared the representative from the Vietnam E-Commerce and Digital Economy Agency, Ministry of Industry and Trade. They expressed their expectations for FPT IS to collaborate and learn from MarkAny, an experienced enterprise in this field in Korea, to apply these practices in Vietnam.

In response, FIS Deputy CEO Do Son Giang proposed a cooperation plan between MarkAny's e-certificate product and FPT.eContract product to facilitate signings between Korea and Vietnam before expanding to other international markets. This initiative recognizes the lack of complete and synchronized electronic signing laws between countries.