Technology Initiatives to Boost FPT's Labor Productivity by 30%

Hanoi, September 8, 2023, as part of the Vietnam Innovation Challenge (VIC) program, Vu Anh Tu, Chief Technology Officer (CTO) of FPT Corporation, shared the innovation strategy that helps FPT increase labor productivity by 30%, boost business, and contribute to the nation's prosperity.

The Vietnam Innovation Challenge (VIC) program is the realization of the vision of the Vietnam Innovation Initiative (Innovate VN), led by the Ministry of Planning and Investment, in collaboration with the National Innovation Center (NIC) and Meta Group. The program seeks innovative solutions from organizations and individuals worldwide to address vital national-level challenges, thereby achieving a prosperous and sustainable Vietnam.

Innovation drives FPT's development

At the event, Vu Anh Tu, FPT's CTO, emphasized, "Innovation is FPT's DNA. FPT's founders recognized that only innovation, science, and technology could help grow business and contribute to the nation's prosperity."

Therefore, over the past 35 years, FPT has pioneered in many fields: being the first to bring technology solutions to life in Vietnam, paving the way for software exports to put Vietnam on the global digital map, putting in place the vocational education model... toward a mighty Vietnam.

In order to promote innovation within the organization, FPT constantly creates an environment that encourages internal entrepreneurship. Over 4,500 technology initiatives have been launched, saving hundreds of billion VND and increasing labor productivity by 30% annually.

Vu Anh Tu, Chief Technology Officer (CTO) of FPT Corporation, shared the innovation strategy that helps FPT increase labor productivity by 30%, boost business, and contribute to the nation's prosperity.

In addition, FPT's products that participated in the 2023 Vietnam Innovation Challenge Awards grew from in-house startup projects. They allow not only FPT but also global enterprises to make breakthroughs in terms of labor productivity and operational excellence, providing excellent customer experiences and coming up with new business directions.

"We are committed to accompanying the technology and business communities, realizing the goal of building a happier future for all organizations, businesses, and individuals in the digital age with the power of technology," stated Mr. Vu Anh Tu.

In 2021, FPT teamed up with Base.vn, a startup known for its business management platform for SMEs. The Corporation maintains its FPT Venture and FPT Accelerator funds to contribute to strengthening the Vietnamese technology ecosystem. Over 100 startups have registered to join FPT's IT infrastructure support program, with their projects valued at billions of VND.

In recent years, FPT has collaborated with leading global institutions to train a high-quality workforce and promote the innovation process, such as Mila (Canada), Warwick University (UK), and Landing AI (USA) - an AI pioneer. FPT provides AI APIs to 30,000 Vietnamese programmers monthly to develop intelligent solutions.

The Made-by-FPT products  for the startup community 

In order to support startups in accelerating their growth, FPT's subsidiaries have developed and provided solutions and products suitable for them.

FPT Smart Cloud supports new businesses in building and deploying applications and products based on its robust infrastructure platform, the advantages of AI and Cloud technologies, and the available resources of its global network. It offers startups vouchers of 20 million VND to deploy applications on its cloud computing platform.

"We prioritize groundbreaking and bold ideas at FPT Smart Cloud. Becoming the launchpad for Vietnamese 'unicorns' through the advantages and breakthroughs in technology, along with valuable experiences from pioneering internal entrepreneurship, has always been our desire," shared Mr. Nguyen Ngoc Minh, Deputy CEO of FPT Smart Cloud.

FPT Information System (FPT IS) supports businesses with a 30-day unlimited package for UBot accounting automation solutions; a package of 200 FPT.eContract electronic contracts verified by the Ministry of Industry and Trade; 500 FPT.eInvoice e-invoices, including copyright fees; 500 FPT.eSign digital signatures; 200 time-stamping authority (TSA) digital signatures.

akaBot - FPT was honored as the Outstanding Innovative Solution of 2023

Also within the agenda of the program, akaBot, the comprehensive Robotic Process Automation (RPA) solution for businesses by FPT Corporation, was ranked in the Top 4 Outstanding Innovative Solutions with the title of "Innovative Star." akaBot is an all-encompassing RPA solution that features "robot assistants" capable of simulating human actions, enabling the execution of large-scale repetitive tasks.

Mr. Tran Dang Hoa (fourth from the left) - Chairman of FPT IS, a subsidiary of FPT Corporation - receives the title "Innovative Star" for the akaBot solution.

Currently, akaBot serves over 3,500 businesses in 21 countries with over 10,000 virtual robots deployed. AkaBot's virtual assistants have freed more than 11 million employees from tedious tasks, shortened working time by 70%, and saved up to 21.9 million working hours annually. In addition, akaBot has also contributed to reducing 60% of paper usage.

"akaBot solves the automation issues for businesses, which is a testament to our development and innovation strategy. We always nurture the entrepreneurial spirit and try to realize the mission of building a happier future for people and organizations," said Mr. Tran Dang Hoa - Chairman of FPT IS.

In addition to akaBot, FPT.eContract was also honored as one of the Top 24 Innovative Solutions. FPT.eContract is one of the leading e-signature solutions in the market, with over 2,000,000 transactions, more than 4,000,000 partners, and more than 1,500 corporate customers who signed remotely using the platform. Reputable partners are VNPay, Vietjet, Be, Tiki, and 30Shine.

Established in 1988, FPT Corporation has opened paths never before trodden with its spirit of creativity and pioneering. After 35 years, it has become the leading technology conglomerate in Vietnam, with over 60,000 employees and 290 offices in 29 countries and territories. Its operations cover three sectors: Technology - Telecommunications - Education. FPT is recognized by tens of millions of customers worldwide with numerous achievements. Toward the mission of "Building a Happier Future" for all organizations, businesses, and individuals through technology, FPT will strive to make Vietnam a joyful digital nation.