GELEX and FPT Forge Partnership to Advance Comprehensive Digital Transformation

GELEX Group and FPT Corporation signed a Memorandum of Understanding (MoU) on June 11, 2024, to collaborate in promoting comprehensive digital transformation, improving operational efficiency, and contributing to the national economy.

Specifically, GELEX and FPT will collaborate in four key areas: Comprehensive digital transformation across GELEX and its member companies; Deployment of telecommunications infrastructure for GELEX's real estate projects (residential, office, industrial parks); Investment cooperation to implement Data Center projects; Collaboration in the semiconductor field, including establishing facilities for research and development and inviting major players to Vietnam for research and development in this sector.

Representatives of FPT Corporation and GELEX Group signed the MoU.

This collaboration enables both sides to leverage their potential, support mutual development in both Vietnamese and international markets, create new opportunities in promising sectors, and attract investment from global partners.

At the signing ceremony, Mr. Nguyen Trong Hien, Chairman of GELEX Group, said: "Harnessing extensive digital transformation and leveraging data as a driving force is a cornerstone of GELEX's strategic vision. GELEX is proud to partner with FPT, a prominent Vietnamese technology corporation on the global stage."

He also affirmed: "In 2023, GELEX's strategy of building a partner ecosystem with leading multinational corporations (both domestic and foreign) has yielded significant benefits, including collaborations with Frasers Property and Sembcorp Industries. In 2024 and beyond, GELEX remains committed to advancing this strategy to integrate into global value chains, enhance and elevate product segments with higher added value in its core fields, boost exports, and strive to become the foremost investment group in Vietnam. GELEX believes that leveraging its technological prowess and expertise in consulting and implementing digital transformation, combined with FPT's visionary leadership and robust resources, will facilitate comprehensive and successful transformation. This partnership is expected to empower GELEX to confidently execute its strategic plans and unlock numerous new investment opportunities in digital infrastructure, the semiconductor industry, and other mutually beneficial fields of interest to both parties."

Sharing about the cooperation with GELEX Group, Mr. Nguyen Van Khoa - CEO of FPT Corporation - said: "FPT Corporation marks its 36th anniversary, operating across Technology, Telecommunications, and Education sectors. As of the first three months of 2024, FPT has reported estimated revenues of 14,093 billion VND and pre-tax profits of 2,534 billion VND, reflecting increases of 20.6% and 19.5%, respectively, compared to the same period in 2023. The Corporation currently employs 76,000 staff across 30 countries. Over the past five years, FPT has consistently achieved its target of sustainable double-digit growth. Through our collaboration, we've come to appreciate that GELEX shares significant commonalities with FPT, particularly our shared commitment to a sustainable future. FPT's strategic focus areas include Artificial Intelligence, Semiconductors, Automotive Software, Digital Transformation, and Green Transformation. With today's signing ceremony, FPT looks forward to initiating a long-term partnership with GELEX, fostering mutual growth and contributing to the nation's development."

Mr. Nguyen Van Khoa also anticipates that this cooperation will enable both businesses to offer tailored products and services that enhance their ecosystems. Specifically, FPT and GELEX will align corporate cultures and foster innovation based on their respective core values. FPT will leverage its extensive experience and successful project methodologies to support GELEX in effectively achieving its transformation goals.

FPT is the foremost consultant and provider of digital transformation and green transformation solutions for organizations and businesses worldwide. Over the past 36 years, driven by a commitment to fostering happiness, FPT has pioneered, created, and leveraged its core technological strengths to deliver tangible value and joy to individuals, businesses, and the nation.

Since 2017, FPT Corporation has initiated collaborations with GELEX, providing a range of services, including IT services, security equipment, Content Management Systems (CMS), office digitization projects, digitalization of human resource management processes, and consultancy on implementing cloud computing systems for GELEX.