FPT signs MoU with UPS

FPT signed a memorandum of understanding (MoU) with the US’s United Parcel Service (UPS), the leader in global logistics, with revenue standing at USD61 billion in 2016 on May 31th, during Prime Minister Nguyen Xuan Phuc’s visit to the US.

Under the cooperation agreement, FPT and UPS will support small and medium-sized enterprises (SMEs) in Vietnam based on their own strengths to improve efficiency in the digital economy through cross-border e-commerce.

FPT will become a strategic partner of UPS, providing advanced technology solutions and efficient IT services to help it expand its business, optimize its operations, and bring benefits to customers and shareholders.

Leslie Griffin, Senior Vice President of UPS and Bui Hoang Tung, the Chief Executive Officer of FPT USA are signing the MoU 

The two parties began their cooperation in 2016. UPS is now one of FPT’s most important customers in the US in its digital transformation strategy.

FPT is one of few IT companies in Vietnam to achieve success in the US. Entering the market in 2008, FPT has six offices in major cities: New York, Seattle, Chicago, Los Angeles, Dallas and Sunnyvale, with over 150 employees from 15 countries.

It currently provides IT services in the US to more than 20 leading corporations in the fields of aircraft manufacturing, elevator control system design, satellite television, and banking. It has grown at an average annual rate of 45 percent in recent years.

In 2016, revenue from the US market reached VND1,003 billion and is expected to reach VND1,300 billion this year.