FPT And Flamingo Signed a Comprehensive Cooperation Agreement

Hanoi, July 8, 2022 - FPT Joint Stock Company (FPT) and Flamingo Holding Group Joint Stock Company (Flamingo) signed a comprehensive cooperation agreement valid until 2025. The arrangement aimed to enhance competitive advantage and business performance by combining the two sides' strengths.

Leaders of FPT and Flamingo at the Signing Ceremony

Accordingly, based on technology, telecommunications, and education experience and capability, FPT would help advise and deploy solutions and services to meet Flamingo's demands at optimal costs and time.

On the other hand, the strengths in the fields of Real estate, resort, tourism, and architecture allowed Flamingo to support FPT in its education campus projects to increase additional utilities and services. At the same time, the two sides would also prioritize giving access to both ecosystems to exploit business advantages.

Mr. Tran Trong Binh, Chairman of Flamingo, expected that the cooperation agreement would help the two sides utilize synergizing strengths, creating the most practical benefits and values for themselves and their customers. Besides, this was a noteworthy milestone that opened up more cooperation prospects in the future.

Mr. Tran Trong Binh, Chairman of Flamingo, at the Signing Ceremony

Mr. Truong Gia Binh, Chairman of FPT, affirmed that FPT and Flamingo were among the two most potential sectors, namely tourism and technology. With its technology capacity, FPT would accompany consulting, providing solutions and services to help Flamingo enhance its governance and operational efficiency.

Mr. Truong Gia Binh, Chairman of FPT, at the Signing Ceremony

Flamingo pursued the mission of creating a true value system with hearts and minds through outstanding products accompanied by excellent services and the ambitious desire for Vietnamese brands to achieve international reach. It pioneered in 4 areas: real estate, resort, tourism, and architecture.

After 26 years of development, Flamingo had always been appreciated by international and domestic experts for its uniqueness and difference, blending Vietnamese cultural identities into modern architecture and technology. Moreover, their team of architects was constantly exploring and innovating to develop commercially valuable, sophisticated, and artistic products, making a considerable impression on customers and partners worldwide.

Flamingo Dai Lai, Flamingo Cat Ba, and Flamingo Hai Tien were all projects towards respecting natural values and the social community. In every locality Flamingo set foot in, the company contributed iconic projects to promote the region's image, contributing to the State budget, creating jobs, and raising income levels for the local workforce.

Comprehending the pain points of the real estate industry, FPT owned solutions to "solve specific problems of Vietnam" based on the experience of implementing technology projects on a global scale. Pioneering digitization in Vietnam, big Vietnamese corps such as Phat Dat, An Gia, Coteccons, Filmore, and TNR chose FPT as the strategic partner due to its fast deployment time - only 3-6 months for the core and 18 months for the entire solution.

FPT's digital transformation solutions were capable of serving all clients in the real estate industry, from investors, developers, general contractors, construction vendors, brokers, and transportation supervisors. In particular, they helped increase 30% of deployment time, 25% of revenue, 40% of customer satisfaction, and 5% - 15% of new clients' revenue. Besides, FPT's solutions reduced the project cost by 1% - 5%.