FPT signed 67 million USD framework agreement, showcasing AI strengths

FPT has just inked a framework agreement worth 67 million USD with KMP Aryadhana, Indonesia's leading business association in innovation. The signing ceremony took place during General Secretary To Lam's state visit to Indonesia, marking a milestone in the strategic cooperation between the two parties as well as between the two countries.

FPT and KMP Aryadhana exchanged the 67 million USD framework agreement during General Secretary To Lam's visit to Indonesia.

The five-year deal focuses on rolling out KMP Aryadhana's ESG (Environmental, Social, and Governance) practices in key areas such as waste management, digital education, collaborative education, and digital agriculture to ensure food security. The partnership will draw on FPT's strengths in artificial intelligence (AI), blockchain, the Internet of Things, and cloud computing, thereby pushing forward the use of advanced technology in areas aligned with ESG and education frameworks.

Digital transformation is set to play a crucial role in boosting KMP Aryadhana's innovation capabilities in Yogyakarta province while driving sustainable development in key sectors. These joint efforts are expected to cement the province's position as Indonesia's leading cultural and educational hub. KMP Aryadhana and FPT plan to set up an AI research lab and kick off digital transformation initiatives in education and ESG practices in Yogyakarta with an eye toward rolling out the model nationwide and globally.

Mr. Nguyen Van Khoa, CEO of FPT Corporation, said: “As a dynamic economy with an innovative vision, Indonesia plays a crucial role in FPT's development strategy in the Asia Pacific region. Partnering with KMP Aryadhana not only helps tighten ties between Vietnam and Indonesia but also shows off FPT's edge in cutting-edge technology, especially AI, on a global scale. We look forward to working with KMP Aryadhana to drive Indonesia's digital transformation in critical areas like waste management, digital education, forest resource management, and digital agriculture.”

"Looking ahead to the 2025-2030 period, FPT in Indonesia aims to become a strategic hub of the Corporation in the ASEAN region, building up a team of high-tech engineers focusing on key areas such as AI, cybersecurity, cloud computing services, and big data. In doing so, FPT not only makes its strong mark in Indonesia but also lifts Vietnam's standing in the region in digital technology," Mr. Nguyen Khai Hoan - Deputy CEO and Chief Financial Officer of FPT Software, FPT Corporation, emphasized.

“KMP Aryadhana is honored to receive the attention and support from FPT, not only for its expertise and hands-on experience in the tech field but also for its global vision, which helps bring KMP Aryadhana’s ESG programs onto the world stage,” shared Professor, Dr. Ahmad Subagyo, Chairman of KMP Aryadhana.

Established in 2017, FPT Indonesia has racked up significant achievements, proving the company’s global capabilities. FPT has teamed up with top Indonesian corporations in sectors like banking and finance, telecommunications, and energy, with a workforce of over 200 tech experts and two major offices in the country. The Corporation is also gearing up to open a third office in Yogyakarta later this year.