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Businesses are ramping up their effort to optimize the business outcome with Cloud Computing, Big Data Analytics, Mobility and Internet of Things. In many industries, technology is radically changing the way businesses work. At FPT, we’re providing solutions and services to help you do that.
“It’s been eye-opening for us to see the breadth of skills that FPT has and commitment that they have, the commitment that people have to the customers, so we’ve been very favorably pleased by what we’ve seen.“
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AT&T Technology and Operations.
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FPT to host Global DX Summit, first of its kind in Vietnam
View Detail >>Do you know that the automotive industry is undergoing the most significant changes since Henry Ford industrialized automotive manufacturing in 1908? All these changes open up new growth opportunities and bring up big challenges concurrently, requiring YOU – companies in the automotive sector to acknowledge and manage them. Let’s take a look at the key challenges that Japanese automotive industry has to face in 2019.
- Consumer behaviour continues to change drastically
According to Japan Times, the young generation in Japan, especially those living in the city, prefer to utilize public transport, giving up on car ownership altogether. Young Japanese are not as keen on automobiles as their elders were while the older generation – car enthusiasts – are rapidly aging. Young Japanese no longer view cars as status symbols but find car ownership an “economic liability“. Owning and operating a car involves numerous expenses, including compulsory inspections (shaken) every two to three years, yearly automobile taxes, mandatory and optional insurance, high parking fees, toll expressways and gasoline cost (Source: Japan Automobile Federation). This explains why more young Japanese are shifting their life styles from owning cars to sharing cars – which is more cost efficient. As a result, they have the tendency of falling out of love with cars due to changes in individuals’ values on cars and financial circumstances.
This constitutes a structural obstacle to the business, leading to a decrease in car consumption domestically. The peak of automobiles sales was 7.8 million units in 1990 during the “bubble” economy, which has dropped to almost 70% of its peak now. There is little hope for major growth. The sales of automobiles will continue to decrease as the consumption tax keeps increasing.
- Digital demands to increase
Just as phones got smart, so will cars. As digital is increasingly applied to the driving experience, cars now are equipped with safety applications, traffic information services, driver assistance and a vast of infotainment features. All these new technical features aim to deliver safety, comfort, connectivity and ultimately, autonomous driving in the future. Worldwide sales of connected vehicles are expected to grow to slightly more than 77 million units annually by 2022, rising at a compound annual growth rate (CAGR) of 19% from about 19 million in 2014, according to IHS Automotive. In Japan, the connected-car related market is likely to expand to as large as a trillion yen by 2020. The market is projected to grow further by 2025 to almost twice the size of 2020 to 2 trillion yen, due to increasing number of connected cars and to wider acceptance of those services that use probe information or cloud ADAS (Source: Yano Research Institute Ltd.)
At present, only 10 percent of cars on Japan’s roads having embedded connectivity, compared with 49 percent in the U.S., 31 percent in Europe, and 20 percent in China, according to consultancy SBD Automotive. The threat to the Japanese carmakers is that they have to compete with competitors on a global level that have experience and have built the ecosystem and service platform. So far, the local carmakers have failed to come up with services that would draw users, according to Matsubara of IHS Markit. Toyota started its connectivity company in 2016 and aims to have 70 percent of new cars on the system by 2020. Nissan said last month it plans to offer connectivity for all new Nissan, Infiniti and Datsun cars sold in key markets by 2022. Honda hasn’t announced a target, but has said it’s in the progress of developing new connected technologies. The turning point will be around 2020 to 2025,” said Takao Asami, Nissan’s senior vice president in charge of research. “If we miss that period, we will have a big problem.”
To respond to the growing demands on connected cars, Japanese automotive players are required to shift their concentration and pursue open innovations. They could turn these challenges into opportunities, but only if they could figure out how to make money from this desire. OEMs will have to manage shorter product and service development cycles, such as software and other technology updates while Tier 1 suppliers will need to add more values in alternative powertrain technologies and in innovative solutions for active safety and infotainment.
- Labour shortage to go up
Another prominent problem of Japanese automotive industry is going out of skilled and efficient workers. Japan’s population is expected to decline from about 127 million to about 88 million by 2065, according to the National Institute of Population and Social Security. This issue has had huge impacts to every industry, especially Japanese automotive industry. People associated with cars company are near retirement age and automakers couldn’t find their equivalent replacement from young generation. As time passes, this subject becomes a serious concern and major issue for the Japanese automotive industry: replace the ageing engineering sector with young talents and encourage the young generations to pursue their career in the automotive field. That Japanese youngsters stay apathetic and indifferent towards cars or automotive division is definitely not going to be solved straightforwardly.
Gradually, this has caused labour shortage for Japanese automotive players and auto part suppliers, requiring them to change the traditional business management, operation or product strategy. They are facing with the challenges in optimizing efficiency and product quality despite declining employment. Robots and other automation have recently been utilized as resolutions to meet labour shortages.
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To mitigate challenges and capture future growth, Japanese automotive players cannot simply turn to their traditional toolbox. They need to review and adjust their strategic priorities, deploy the appropriate investments and resources, and establish cooperation with partners from outside the automotive industry. Discover more with FPT in the next newsletter!
FPT has officially opened a new office in Melbourne on Monday, extending its foothold in Australia and capitalizing on the rapid growth of the country’ second largest city.
FPT’s Melbourne office is located at the heart of the city’s emerging mid-town — the Rialto Towers at 525 Collins Street. It is part of FPT Australasia, the company’s Sydney-based subsidiary that has been around since 2008.
“The Melbourne office fortifies our commitment to digital transformation in Australia — with the focus on the East Coast. Combining FPT’s offshore and nearshore development resources, we aspire to help more international businesses optimize and digitize their IT operations in a cost-effective manner”, said Son Minh Nguyen, managing director of FPT Australasia.
According to Australia’s Herald Sun newspaper, Melbourne contributed 28.9 per cent of the national GDP growth. Financial services is the largest focus industry in the city, followed by the information and communications technology sector.
“Australian clients are sensitive to the latest trends in digital transformation, giving us lots of room for partnership and growth. Following this office’s inauguration, we are looking to extend our presence to the West Coast in the near future”, Nguyen added.
Over the past ten years, FPT Australasia has catered to roughly 40 businesses, many of which are ASX200 companies operating in various sectors from Communication & Media, BFSI, Retail, Logistics to Healthcare. In addition to the offices in Sydney and Melbourne, the company also employs local staff in Brisbane and Perth.
The Rialto Towers where FPT’s Melbourne office is being hosted
Across industries, AI is helping to amplify human ingenuity with innovative solutions that elevate people’s lives, grow business value and address society’s challenges. As the result, when enterprises increasingly opt for digital transformation and especially with artificial intelligence AI, the focus has shifted from ‘what’ to ‘how’.
Joining Microsoft’s AI conference this Friday, FPT brings in our stories of breakthroughs that are transforming the world. Deputy Director of FPT Software Hanoi, Mr. Tran Van Dung, will showcase our AI solutions as well as cross-industry intelligent technologies, from content to shopping personalisation.
Microsoft’s “FUTURE NOW” conference series is all about Artificial Intelligence, cross-industry intelligent technologies and the most innovative solutions that simplify everyday life, increase business productivity, address societal challenges and simply change the world as we know it. The event aims to explore how AI can be leveraged to address the rapidly evolving needs of customers, employees, vendors and communities.
The one-day event will attract more than 1,400 business leaders from across industries, and feature dynamic keynotes, breakouts, panel discussions, and success stories from partners as well as customers. Join us to know how FPT Software can help you achieve real business value with AI, and accelerate your digital transformation journey. Details about the event can be found here.
DANANG, Vietnam – Being a pioneer in the Digital Transformation journey, FPT was proud to be at Microsoft’s the Leadership Series 2019 as a Trusted Partner. FPT was delighted to share its DX expertise and innovation solutions with future-oriented platforms and next-gen solutions.
The leadership series is an annual event organized by Microsoft for their Partners & Enterprise customers to update on Microsoft technologies & to enhance its partnership with partner companies. At the two-day session event held in Da Nang, the attendees were given the opportunity to engage with Microsoft’s regional leadership team on the company’s business priorities, innovative product and service offerings. At the same time, as one of Microsoft’s most senior partners in the region, a speech about Smart Manufacturing was delivered by Phu Dang – FPT Software Solution Director, to showcase FPT Smart Manufacturing solutions, which received much attention from hundreds of audiences. Through the event, FPT reinforced the company’s vision for the region information technology sectors and the role a senior partner must play.
“FPT hopes to start the transformation journey keeping our customers at the centre to ensure our customers succeed and achieve above and beyond. FPT & Microsoft will embrace our partnerships that inspire innovation and transformation to enable greater engagement, transparency and reach.” – Nguyen Duc Quynh – Chairman of FPT Software Ho Chi Minh.
FPT is currently one of the most senior partners of Microsoft. With the history of 20-year cooperation, the two have collaborated to bring Microsoft’s powerful solutions to customers in Vietnam and other countries, such as ERP, CRM, Cloud etc.
With experience and capabilities recognized by 600++ global customers and partners, especially by a global technology leader like Microsoft, FPT will provide optimum DX solutions and services to the customers in the digital age not only inside but also outside Vietnam.
FPT joined Digital Innovation 2019, a 2-day Business AI event organized by Nikkei BP Company, as a prestigious gold sponsor. In the event, our expertise in Advanced Analytics (AA), our RPA tool (akaBot™) and AI platform (akaminds®) are showcased to all visitors.
On February 19-20, FPT’s experts have introduced visitors to the latest technological capabilities to the Japanese market, such as akaminds® platform, RPA akaBot™ tool, Advanced Analytics services through success stories of various industries: Smart Production, Banking & Finance, Products Circulation and Distribution. A seminar entitled ” Advanced Analytics, a practical approach of Digital transformation”, delivered by a professional consultant of FPT Japan Mr. Nguyen Dong Dung, attracted more than 120 representatives of Japanese enterprises to participate.
“Digital Transformation is becoming a big wave that changes the business operation of all types of businesses. Some companies boldly adopt information technology (IT) and convert their business models, but there are also many companies that are forced to change if they don’t want to be pushed to the brink of survival. Even now whether success in business is clear or not, the use of IT is the key for businesses to continue to exist.” Mr. Dung said.
In the talk, Mr. Dung emphasised that implementing Digital Transformation services for businesses would enhance customer experience as well as create new value, with the Advanced Analytic service played the key role. At the end of the presentation, Mr. Nguyen Dong Dung introduced the akaminds® platform which is developed by FPT based on practical knowledge and experience and is known as the foundation for smart solutions to help customers’ Digital Transformation process to be implemented with low cost.
The event was organized by Nikkei BP – Japan’s largest economic newspaper. Nikkei BP is the world’s leading prestigious media company, with the highest number of subscriptions in Japan. The contents of all seminars will be published by well-known professional journalists on journals such as Nikkei Computer and Nikkei System.
Digital Innovation is an annual event organized by Nikkei Business Publication. Digital Innovation – Tokyo 2019 took place on February 19-20, with the aim of showcasing the latest technologies such as Business AI, Blockchain, Cloud, IoT, Security etc. Aside from FPT, the event attracted large sponsors including Microsoft, Lenovo, Dropbox Business, Google Cloud, Automation Anywhere, Sales Force, Line Works. Nikkei Business Publication will continue to host events in 4 locations: Osaka, Nagoya, Fukuoka and Sapporo.
From 2019, FPT Digital Processing Service Company Limited (FPT DPS) is officially established as a subsidiary of FPT Software. DPS aims to deliver comprehensive services to support customers focus resources on core business development and saving effort in the process of Digital Transformation.
The founding members of DPS include Mr. Do Van Khac, Chief Executive Officer of DPS, who is also the Chief Delivery Officer of FPT Japan; Mr. Nguyen Tuan Phuong, Vice President; Mr. Ngo Pham Cong Thuan – The Top 13 Under 35 of FPT 2018 – & Ms. Nguyen Thi My Chi, Sales Vice President and Ms. Nguyen Thi Thanh Ha, Vice President of HR.
DPS’s service includes: data processing service, digital design solution, AI/ Data Science Service, Shared service and Call Center and Managed Service. DPS, as an independent company, provides specialized data services to support clients and also FPT Software. The ability to provide data processing for Digital Transformation and to provide stable, high-quality managed service is one of the factors helping FPT transform into an end-to-end Digital Transformation service providing company.
The experts of DPS have experience of working in business processing outsourcing (BPO) all over Vietnam and Asia since 2007. They liberated more than 50 clients in the regions from manual errors and physical management of business processes.
DPS is original known as Business Processing Solution (BPS), founded in 2016 to implement Business Process Outsourcing for FPT Software. Started with only 20-30 members in 2016, BPS grew up to over 1,000 people in 2018 with over 100 per cent in revenue with high profit. In 2019, BPS changed its name to DPS, offered additional services towards the Digital Transformation strategy. The firm now has set further challenges to keep expanding the BPO market with thousands employees objective in 2025. With the determination of reaching the high growth rate of 100 per cent, founding additionally new branches in Can Tho, Quang Nam, Ha Tinh, etc., DPS is expected to become the Vietnam’s leading BPO company in partnership with various valuable customers.
With more than 8 years of experience and the experience serving more than 50 clients in Vietnam and ASEAN region, DPS is believed to become a reliable partner providing auxiliary services for customers, helping the clients to focus on his professional operations and speeding up the Digital Transformation process.
Automotive World 2019 took place in Tokyo Big Sight Japan, with 1120 companies to participate and share in the 3-day event. FPT joined the fourth times in Connected Car Japan area along with 30 leading firms, to showcase the best practices of Automotive in the Japanese market.
Software development services for cars, such as Model-Based Design (MBD) service, Controller Area Network (CAN) solution, Internet of Vehicle (IoV) Platform and autonomous vehicle were introduced at FPT’s booth. Within the framework of the event, a seminar was organized to introduce Agile development in Automotive field. During 60 minutes, KDDI customers & FPT shared about Agile methods, the advantages of collaboration with offshore in Vietnam, and the benefits it could bring; the speech was well received and enjoyed by the majority of attendants. Over 600 customers visited FPT Japan’s booth and many questions were raised about Model-Based Design training program from FPT partners.
Mr. Nguyen Cong Hoang – FPT Japan Automotive & Manufacturing Industry Vice Director shared: “It’s conscious that FPT pursues the strategy of product & solution development under vertical industry. Our competitor such as Neusoft has started to follow this trend. FPT Software needs to maintain the quality as well as provide the comprehensive end-to-end service to customers. The training of Model-Based Design services would be a new direction which FPT Software is especially interested in.”
Automotive World is the world’s leading exhibition for advanced automotive technologies. The event is a combination of exhibitions & conferences covering important topics in the automotive industry such as automotive electronics, connected car, autonomous driving, EV/HEV/FCV, lightweight and processing technology. Every year, the event welcomes a large number of exhibitors and visitors from all over the world! Automotive World consists of 6 smaller events: CAR-ELE JAPAN, EV JAPAN, 10th Automotive Lightweight Technology Expo, 8th Connected Car JAPAN, CAR-MECHA JAPAN and 3rd Autonomous Driving Technology Expo.
For the last 10 years, FPT has been offering numerous solutions and services to world’ s top automakers, Equipment Manufacturer, Tier-1 suppliers, and semiconductor manufacturers in the Automotive industry. By utilizing extensive experience and accumulated know-how and employing a large pool of talents including 2,200 experts, FPT focuses on three main areas: Infotainment and, Smart applications and Facilitate support for Internet of Vehicles in accordance with the global standards.
The smart phone application “Japanese Language Training AI”, co-implemented by NTT Docomo and FPT Japan, was honoured with Good Design award 2018 the Japanese Institute of Design Promotion.
“Japanese Language Training AI” is an application training Japanese conversation skill for all foreigners interested in Japanese and foreigners working in Japan. Unlike normal language teaching applications which make learners memorize sentence patterns, this application with the support of AI technology encourages learners practice games. The application is equipped with a suitable function to evaluate and advise even if it’s not the perfect Japanese pronunciation, to reduce the learners’ anxiety when talking to Japanese people. The Artificial intelligence (AI) equipped in the application will judge user’s pronunciation and conversational skill, and give advice on how to express it naturally. The trial version is completely free and supports English and Vietnamese.
FPT received the award with NTT
The application is produced by NTT Docomo and FPT participated as the contributor by testing and giving feedback, which is a typical and important model in product development: to co-operate with customers to shape the final product.
“We believe in the future of application development! Hopefully the application can contribute to Japanese learning journey of foreigners!” FPT Japan CEO Mr. Nguyen Viet Vuong is optimistic about the development of Japanese Language Training AI application.
Mr. Vuong expects in the future the application will be easy to access for both Japanese learners living inside and outside Vietnam. FPT was invited to participate in the application development process based on the value positioning and technological capabilities of FPT, as well as a large number of workforce who learn Japanese, speak Japanese, and love Japanese.
“NTT Docomo’s technology is an AI technology that provides sound and natural language. The application for learning Japanese is only an initial test application, and many other applications can be developed on this technology.” Director of Digital Logistics Industry Group Mr. Bui Vinh Thang shared.
The “Japanese Language Training AI” application
Good Design Award is an annual award awarded by the Japanese Institute of Design Promotion for products enriching our lives and society through design. Since its establishment in 1957, the Good Design Award recognizes different designs around us, including industrial goods, architecture, software, systems, services, etc.
FPT Software successfully delivered the Manufacturing Execution System – the control system to manage and monitor work in the manufacturing process – for Carlsberg in Serbia with great results in just four weeks.
The Manufacturing Execution System related tasks were performed in two weeks and the project team project helps manage production lines and data flow at the factory, thus optimizing line performance and manufacturing process, detecting errors in the production process and maximizing production output. FPT has enhanced the company’s experience in delivering projects related to digital monitoring and controlling Smart Factory system.
Following the success of Carlsberg’s first Smart Factory project in Serbia, the scope of cooperation between FPT and Carlsberg in the field of Manufacturing Execution System will be rolled out China, Malaysia, Greece, and also Carlsberg’s digitalization program in Vietnam.
FPT & Carlsberg signed MoU in September 2018
Currently, Carlsberg is present in 25 markets globally with many of Carlsberg’s factories haven’t yet implemented with the Manufacturing Execution System system. Therefore, FPT Software proven technology capability through the implementation of Manufacturing Execution System is crucial for our journey accompanying Carlsberg in the brewery digitalization program. On January 15, FPT Software will continue to have a high-level meeting with Carlsberg in Copenhagen to plan a cooperation between the two sides in 2019.
Previously, FPT and Carlsberg signed a global framework contract whereupon FPT has officially become Carlsberg’s technology partner, providing Information Technology as well as Digital Transformation services for the global brewer. The two sides also planned to explore additional areas in Digital Transformation including Smart Brewery, Cloud Migration to Azure, Open API platform, Data strategy and analytics with many projects related to Manufacturing Execution System (MES); AI for Planning and Connected Bar. Carlsberg has been planning to roll out MES for 14 factories across this continent in the near future.
- Background & Scope
Robotic process automation (RPA) is a revolution in business process automation with predicted global market growth from $0.9 billion in 2018 to $8.75 billion in 2014.
As a part of the FPT’s akaMinds ecosystem, akaBot is a comprehensive RPA Solution, helping to automate business process for enterprises in various sectors such as: Banking & Finance, Logistic, Health care, Customer care, Telecommunication, Manufacturing and Retail…This platform does not impact on existing IT landscape and adapt to any business changes.
This automation process can save up to 80% operation cost and increase productivity because of 24/7 operation which improve Turnaround Time from hours to minutes and minutes to second. In addition, RPA helps to reduce the rate of human errors and prevents information leakage thereby providing a lower level of operational risk. With reduced errors, improved efficiency and more accurate information, the quality of the customer experience is significantly increased, which increases customer satisfaction and loyalty. Besides, deploying RPA releases your high-value resources from tedious tasks and spend on more creative ones.
2. akaBot advantage
akaBot comes up with One-Stop RPA service of FPT including: Assessment & PoC (Proof of concept), Center of excellence (CoE) development, Implementation, and Maintenance.
On the other hand, akaBot is integrated with FPT’s AI platform, build-in domain packages of IT, Banking, Admin – BO, Procument, Retail…,24/7 worldwide support by domain experts so that it can adapt the high demand from enterprise not only the product features, but also additional service and business value.
Additionally, competitive price is a considerable factor. FPT Software provides most attractive offer in the industry with many added incentives.
3. Akabot features
Akabot has three features: Bot Studio, Bot Center and Bot Agent.
AkaBot Studio provides a wide spectrum of activities to model almost any business processes within an organization. Scale unlimitedly, from simple to complex, by connecting multiple platforms, automating within websites, desktop applications, working with databases, or even interacting with human activities.
Akabot Studio is designed friendly for user. Graphic-based workflow is highly intuitive, no coding required. Moreover, it can be reusable by ability to add workflows to central library. Especially, workflows can have multiple authors and components can be shared between teams and projects for easy collaboration.
AkaBot Center is a web application that enables you to monitor and manage AkaAgents during the implementation of repetitive automation processes such as scheduling, logging and queing. With AkaBot Center, the initialization, monitoring, and deployment of resources in your environment is always under your control.
Besides, with detailed logging and statistics functions, AkaBot Center provides valuable information so that your decision making can be easier, faster and more accurate.
AkaBot Agent is a live robot that implements the automation processes built from AkaBot Studio including web automation, app automation, data automation and centralized configuration. It can handle many different applications and data structures efficiently, quickly and stably. On the other hand, it is controlled by akaBot Center remotely. Therefore, managing and deploying the automation processes is easy and straightforward.
Here is Architecture for Enterprise-level.
4. How akaBot is implemented?
Assessment & Proof of Concept (POC)
Firstly, business processes in enterprises will be examined in order to assess the feasibility of applying akaBot. Then, a specific procedure is chosen and a trial akaBot is applied to test the effectiveness. According to it, customers understand that akaBot can be deployed in any process within the enterprise then assess the benefits based on the pilot application, especially to make the final decision for applying akaBot.
Implementation
When a business does not have CoE (Center of Excellence), FPT provides a package of akaBot deployment services which comprehends: analyzing requirement; developing RPA programs based on the chosen platform, testing robots (akaBot Agents) and establishing them into the working environment.
As a result, the business has a set of akaBot Agents ready to be at your service. By applying akaBot, enterprises would boost their productivity and quality as well as minimize operating and labor costs.
Maintenance & Support
Upon completion, we will continue monitoring the operations for a specified period of time as well as involving RPA experts to assist in troubleshooting when necessary.
MUNICH / HANOI / SINGAPORE, January 24, 2019 – Allianz today announces its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group – driving long-term success in the market and expanding Allianz’s footprint in Asia. FPT Group, as the strategic technology partner, will support Allianz in the fast-growing insurance market in Vietnam to develop innovative digital insurance products and services to meet the protection needs of local customers.
The Memorandum of Understanding (MOU) proposes bringing the two complementary businesses together, with Allianz providing expertise and advice on best practices in insurance product customisation, financial technology, and asset management. FPT will provide access to its distribution channels and affiliates, advise and assist Allianz with local market knowledge, and connect the firm with FPT’s subsidiaries and partners.
The signing ceremony took place on the side-lines of the World Economic Forum in Davos and was attended by Prime Minister of Vietnam Nguyen Xuan Phuc, Allianz SE Board Member Sergio Balbinot, and FPT’s Founder & Executive Chairman Dr. Truong Gia Binh.
Sergio Balbinot, Member of Board Management, Allianz SE, said, “We are delighted to embark on the next stage of our partnership with FPT Group at an exciting time for the development of the Vietnamese economy. Allianz is well-placed to support the protection needs of local consumers by delivering innovative digital insurance solutions for a demographic ready to adopt them.”
Dr. Truong Gia Binh, Founder & Executive Chairman of FPT Group, said, “FPT and Allianz are the perfect match to address the needs of the growing Vietnam market. Allianz has the protection expertise to provide accessible and innovative insurance services, while FPT provides the local knowledge and a digital network reaching an expanding, educated and youthful population. Our partnership is exciting for the future growth potential of Vietnam, and we look forward to many successes.”
George Sartorel, Regional Chief Executive, Allianz Asia Pacific, said, “Today’s announcement outlines our intention to expand Allianz’s world-leading digital insurance products and services into Vietnam – a key emerging market and one of the fastest growing economies in Asia. FPT is the right partner for Allianz to enhance its ability to build a strong market position in the country, and further underscores our ambitious growth strategy in the wider region. We look forward to contributing to the continued development of Vietnam’s fast-growing insurance sector, boosting financial inclusion for the under-protected, and reaching an expanding pool of digitally-minded consumers.”
As the leading IT corporation in Vietnam with more than 10 years of experience in the insurance industry, FPT is well-placed to assist clients with end-to-end services, which are trusted by customers worldwide. Moreover, FPT guarantees an extensive ecosystem with technology expertise in multiple industries.
Vietnam is one of the fastest growing economies in Asia, with a general insurance market which is expected to experience robust growth. Combined with Vietnam’s high internet and mobile penetration, the country is well placed for increased access to digital insurance solutions.
The MOU details both Allianz and FPT Group’s intention to enter into a JV agreement for the establishment of a newly incorporated general insurance company in Vietnam. In line with local regulations, regulatory approval will be sought at the appropriate time.
For further information please contact:
FPT Group:
Vietnam – Linh Pham +84-904-886-885, [email protected]
Allianz:
Munich – Holger Klotz +49 89 3800 90921, [email protected]
Singapore – Sean Ottley +65-8614-0997, [email protected]
About FPT
FPT Corporation is the global leading technology and IT services group headquartered in Vietnam with nearly US$2 billion in revenue and 33,000 employees. FPT is a pioneer in digital transformation and delivers world-class services in Smart factory, Digital platforms, RPA, AI, IoT, Enterprise Mobility, Cloud, AR/VR, Embedded Systems, Managed services, Testing, Platform modernization, Business Applications, Application Services, BPO, and more. Through its management consulting and technology services subsidiary, Intellinet, FPT provides Business and IT Strategy, Organizational Change and Human Capital Leadership, Program Execution, Customer Experience & Human-Centric Design, as well as other leading digital and technology solutions. FPT has served over 500 customers worldwide, 100 of which are Fortune 500 companies in the industries of Aerospace & Aviation, Automotive, Banking and Finance, Communications, Media and Services, Logistics & Transportation, Utilities, Consumer Packaged Goods, Healthcare, Manufacturing, Public sector, Technology and more. For more information, please visit www.fpt-software.com or www.intellinet.com.
About Allianz in Asia
Asia is one of the core growth regions for Allianz, characterized by a rich diversity of cultures, languages and customs. Allianz has been present in the region since 1910, when it first provided fire and marine insurance in the coastal cities of China. Today, Allianz is active in 14 markets in the region, offering its core businesses of property and casualty insurance, life, protection and health solutions, as well as asset management. With its more than 32,000 staff, Allianz serves the needs of over 18 million customers in the region across multiple distribution channels and digital platforms.
About Allianz
The Allianz Group is one of the world’s leading insurers and asset managers with more than 88 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2017, over 140,000 employees in more than 70 countries achieved total revenue of 126 billion euros and an operating profit of 11 billion euros for the group.
On Jan 32 (Jan 24 Vietnam time), the world’s powerful business and political leaders descend on Davos, Switzerland, as the annual gathering of the World Economic Forum began. FPT Group and leaders from top 24 global companies such as Airbus, Allianz, Facebook, Siemens, Paypal and more assembled in the Business Breakfast with Vietnam Prime Minister Nguyen Xuan Phuc in the framework of Davos World Economic Forum 2019.
The Business Breakfast were co-hosted by FPT Group and the Ministry of Information & Communication. Joining the Prime Minister were Vietnamese ministerial officials including the Ministers; Chairman of the office of the Government and Vietnamese ambassador of Switzerland. The Business Breakfast was joined by leading Vietnamese firms FPT Group, VinaCapital, Vingroup and Viettel to discuss about the global economic situations and opportunities of Vietnamese market.
In the discussion, the Prime Minister emphasised the importance of the 4.0 Industrial Revolution, as it was not only about technology but also a policy revolution. Vietnam has launched the “Make in Vietnam 4.0” program, which aims to promote industries on the base of new policies, management framework and novel technologies. Vietnam is ready to develop a policy framework to accept and allow new technologies, and apply a strong partnership model to create extraordinary, environmentally friendly services and products, in the 4.0 Industrial Revolution. According to Voice of Vietnam, the government aims to build a digital ecosystem with made-in-Vietnam products and services. Since 2017, Vietnam has made progress in various campaigns to build an effective e-government, aiming for Vietnam to become one of the top Digital Nations.
“Vietnam is ready to accompany you to facilitate and implement new strategies, programs, plans for promoting development in the Digital Transformation journey, thus building a successful 4.0 industry.” The Prime Minister stressed.
FPT, as one of 6 representatives from Vietnam, attend the Davos World Economic Forum to meet and discuss with global giants from different industries. As the co-host of the Business Breakfast, FPT showed its pioneer position in accompanying major corporations in the Digital Transformation journey. With 20 years of experiences, the company is pleased to assist both global and domestic firms in the 4.0 Industrial Revolution. On the side-lines of the event, under the witness of the Prime Minister, FPT & Allianz, the global Insurance and Financial group, had signed the MoU of establishing a joint venture in General Insurance.
World Economic Forum 2019 is taking place in Davos, Switzerland with the theme of Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution. More than 3,000 participants from business, government, civil society, arts, culture and media reunite in the Swiss mountain town of Davos for five days on some of the most pressing global challenges.
Today, the world’s powerful business and political leaders descend on Davos, Switzerland, as the annual gathering of the World Economic Forum begins. Around 3,000 participants from business, government, civil society, arts, culture and media will reunite in the Swiss mountain town of Davos for five days on some of the most pressing global challenges.
The theme of this year’s meeting is Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution. Globalization 4.0 and the impact of novel technology, the future of work, education, and social mobility are some of the best topics discussed in World Economic Forum 2019.
A whole new wave of change is crashing on most people in the form of the high-tech digital revolution. New enormous challenges and opportunities are given to enterprises, especially to the leading technology corporations.
As one of six representatives from Vietnam, FPT Group will attend to in World Economic Forum in promising the collaboration with giant corporations of different fields: Banking & Finance, Insurance, Healthcare, etc. Accordingly, the signing ceremony MoU between FPT & Allianz will be organized in the framework of the in World Economic Forum in Davos under the witness of Vietnam’s Prime Minister Nguyen Xuan Phuc.
The two companies have been cooperating since 2018. FPT Group, as the strategic technology partner, will support Allianz in the fast-growing insurance market in Vietnam to develop innovative digital insurance products and services to meet the protection needs of local customers.
The Allianz Group is one of the leading integrated financial services providers worldwide. Allianz group offer 88 million customers in more than 70 countries a wide range of products, services, and solutions in insurance and asset management.
Photo sources: Bloomberg & Weforum
On January 11, 2019, FPT America (FAM) will open a new office in Detroit, which is known as The Automotive Capital of the World. FPT Software is delighted to welcome Detroit as our 37th offices in the world, on our 20th year of operation.
The grand opening will be held in the bustling downtown of Detroit and is welcomed by FPT America’s long-time automotive customers and executives. With the opening of the Detroit office, FPT America expects to be able to serve a novel huge promising market and stretch closer to the goal of FPT Software’s ideal target: to become a world-class IT firm. This is an event marking the beginning of FPT America’s 2019 fiscal year.
“It is very delighted to see FAM to start operation in Detroit, where we will work even harder to conquer new challenges partnering with a lot of world-class global companies in the industry. Let’s stretch for a more inspiring dream, to become a World-class IT Services Company. And with the new office opening, we have made our first step of the journey, together.” FPT Software CEO Pham Minh Tuan delighted.
Detroit is The Automotive Capital of the World and the U.S.’s big 3 Automobile. In Detroit, we are serving the Top 1 automotive semiconductor company, Top 1 tier-1 vendor and we are soon to close the deal with Top 2 US Car maker. The clients are excited at our experience in the Automotive industry and huge opportunities await in the promising land. The goals for the first year of Detroit are to target 3 new customers and to gain $1.5 million in the first year.
2019 marks the strong commitment from FPT Software to bring more values and world-class services to our customers. Detroit will contribute as a deciding factor in this mission and offer more values to our Automotive customers in the region.
For the last 10 years, FPT has been offering numerous solutions and services to world’ s top automakers, Equipment Manufacturer, Tier-1 suppliers, and semiconductor manufacturers in the Automotive industry. By utilizing extensive experience and accumulated know-how and employing a large pool of talents including 2,200 experts, FPT focuses on three main areas: Infotainment and, Smart applications and Facilitate support for Internet of Vehicles in accordance with the global standards.
FPT Corporation established its first representative office in the US in 2000, followed by the US subsidiary (FPT America) on October 13, 2008 and currently 2018, has offices in major US cities including Texas, Denver, Los Angeles, Silicon Valley, Renton and now Detroit, providing IT services in various sectors such as aerospace & aviation, healthcare, banking & finance, telecommunication, automotive, etc. In 2018, by joining force with Intellinet, an US-based management consulting and technology services firm, the company is expected to deliver comprehensive Digital Transformation services for global top companies.
Dear our valued customers, partners and friends,
Happy New Year 2019!
Thank you for your trust, partnership and continuous support to FPT Software throughout the year of 2018.
2018 has been a year of FPT Software’s strong determination to help rebrand our customers’ business in the Digital Transformation journey with Scale, Speed and Quality.
We made a strategic investment to become the major shareholder of Intellinet, an US-based consulting firm, to provide our customers worldwide with “one-stop” solutions that fully cover consultancy, requirement analysis, system design, development, implementation and maintenance.
We became the first ASEAN headquartered AWS Premier Consulting Partner for the recognized consultancy and mass migration competencies to customers worldwide.
We were chosen to implement significant Digital Transformation programs with Airbus – on its aviation big data platform; with Calrsberg – on Smart Brewery; with Toshiba – on IoT solutions for manufacturing; with Shinhan – on Digital Banking and FinTech; with Hanwa – on Multi Robot Data Acquisition and Monitoring System; with Siemens Postal, Parcel & Airport Logistics (SPPAL) innovative software technology for Logistics, and many more. We kept on the growth rate of 30% and continued the geographical expansion with 36 offices across 16 countries to better enable our customers with the global delivery model.
2019 marks the 20th year of FPT Software journey and will also be a solid foundation for us to bring more values and world-class services to customers.
We are fully aware that the deep understanding of customers’ needs is the key to any solution. Thus, we do not only continue expanding our global footprint worldwide “to be where our customers are”, but we also accumulate the best practices and skills from our experience in Digital Transformation as well as develop our consultancy forces to help our customers faster identify feasible solutions to their pain points, to help monetize big data in large organizations and to power executives with data-driven business.
We understand that we can help customers succeed only by technology competencies and intensive domain expertise.
For years, we have been partnering with the global technology disruptors such as AWS, Microsoft, Siemens, and GE etc. Thousands of FPT Software engineers have been trained and have early adopted these technologies to help our clients. We invested in Digital Solutions to provide plug and play IT components using a combination of Proprietary, Open source capability and Digital commercial offerings from the chosen partners.
From the domain perspective, FPT Software has made remarkable organizational changes since 1/1/2019 to form focused groups for each vertical industry including Manufacturing, Logistics, Banking and Finance. The groups’ missions are to leverage FPT Software’s domain expertise and capabilities over the last 20 years to develop in-depth competencies, to be closer to customers worldwide in the industry, so as to cater their high-quality service offerings at a fast pace.
We have embraced the ambition to become the trusted digital enabler for our global clients. With the significant change in our organizational structure as well as the strong focus on developing new added services and IT solutions, we desire to help you, our valued customers, to transform your business in a fast and notable manner. Together we will be successful and make 2019 a great year!
Once again, I would like to express my gratitude and appreciation for your ongoing support.
Wish you and your family a happy and successful new year!
Yours sincerely,
Pham Minh Tuan
CEO, FPT Software.
FPT Software’s Digital Transformation service, which is one of the two awarded information technology (IT) products, was honored in the Top 10 Key Industrial Products of Hanoi in 2018.
Hanoi Municipal People’s Committee recognized the Key Industrial Products of Hanoi in 2018 for 61 products of 36 enterprises, with the recognition period of 3 years until 2022. Moreover, 10 products of 9 enterprises have been recognized by the Hanoi Municipal People’s Committee as the Top 10 Key Industrial Products of Hanoi in 2018.
In the list of 61 Key Industrial Products of Hanoi in 2018, there are 13 products and services of 4 IT companies, including FPT Software with Digital Transformation services, VNPT Technology with GPON optical network equipment; and BKAV Joint Stock Company with Bkav Pro software and digital signature services. Notably, FPT Software’s Digital Transformation service and VNPT Technology’s GPON optical network equipment are listed on the Top 10 list of Key Industrial Products of Hanoi in 2018.
Enterprises recognized by Hanoi Municipal People’s Committee as the Key Industrial Products will be granted certificates of Key Industrial Products in Hanoi and certificate of the Top 10 Key Industrial Products. Enterprises are required to promote and honor the products widely on mass media of Hanoi as well as are given priority to participate in Hanoi’s promoting programs an events according to regulations. Hanoi Municipal People’s Committee asked enterprises of which products are recognized as Key Industrial Products of Hanoi to develop their production and business strategies to improve the technology production, optimize inputs and improve efficiency, labor productivity, product quality, expand the domestic market, and meet the requirements of export and international integration.
Since 2017, Digital Transformation has become a business direction of FPT Software, to bring benefit to both the customers and the company. Over the recent years, FPT’s capabilities and pioneering position of Digital Transformation have been proven by global success stories such as: applying the most up-to-date technologies on developing Airbus’s digital services platform Skywise, implementing Internet of Things (IoT), Big Data, Artificial Intelligence and Data Science for Vietnam’s Oil & Gas Industry, etc. Gaining such global accomplishments has entrusted FPT as a Vietnam focal point in Digital Transformation journey. Earlier this year, by joining force with Intellinet, an US-based management consulting and technology services firm, the company is expected to deliver comprehensive Digital Transformation services for global top companies.