FPT to promote wood processing sector’s digital transformation
FPT Corporation signed co-operation agreements with the Handicraft and Wood Industry Association of HCM City (HAWA), the Bình Dương Furniture Association (BIFA) and the Handicraft and Wood Industry Association of Đồng Nai (DOWA) on March 5th 2020 on promoting digital transformation. This effort was made to contribute to the development of the wood processing industry, towards USD20 billion in export revenue by 2025.
With its experience, technology and high-quality human resources, FPT will give advice on the digital transformation strategy to members of the associations. FPT will also help build databases for the wood processing industry and digitalize management activities for the associations and their members, and introduce the latest IT technologies to associations and their members.
The deal was signed amid the COVID-19 outbreak, which severely hindered wood processing in China, and considerably impacted the global supply chain. As a result, that many international clients had to expand outside China has created abundant new opportunities for the youthful, innovative and dynamic market of Vietnam. To accelerate speed and adaptability, Vietnamese wood companies need to optimize operations and save costs, in order to create breakthroughs in the market.
FPT signed co-operation agreements with HAWA, DOWA and BIFA.
As such, digital transformation had become a key solution. In the 4th industrial revolution, the core of their digital transformation includes Artificial Intelligence (AI), Internet of Things (IoT), Big Data and Cloud Computing. The integration of these technologies may help business plan and optimize operation problems, and save up to 30-70% of costs.
With over 10 years of experience in researching and applying new technologies to real-world problems, acknowledged by worldwide clients, FPT can now provide digital transformation solutions for instant application, saving up to 30-50% deployment time, resulting in outstanding achievements like paperless offices, no-touch workplaces, zero cost transaction fee, all within a few months.
FPT Chairman Truong Gia Binh also affirmed that, becoming the partner of the associations, FPT will accompany them, give advice and share its hard-earned methodologies and experiences, at the same time provide state-of-the-art technologies so that Vietnam’s wood sector can quickly apply and improve their competitive edge to reach its climax.
In Vietnam, FPT is a pioneer in building and developing digital transformation platforms, products, and solutions. FPT’s digital transformation service are also completed with its ecosystem of over 60 platforms and solutions, satisfying the digital transformation demands of various businesses from management and maneuver to customer experience and business improvement.