Vietnam for Global Shift

Despite the global economic crunch brought up by COVID-19, Vietnam has completed the upward leg of a V-shaped recovery with a recorded GDP per capita of US$3,521 at a growth rate of 2.91%, beating the 2.4% forecast by the International Monetary Fund.

Let’s see why Vietnam is now one of the top-tier players in the FDI attraction race and how we control the COVID-19 cases at roughly 2,500 over the population of nearly 98 million.

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Vietnam - a Winning Fighter against COVID-19

Amid such disruptions, Vietnam has emerged as “a beacon of how to do more with less”.

2 nd
Best Performer in the pandemic resilience ranking by the Lowy Institute* *Source: The Lowy Institute
16 million
Citizens will be vaccinated by Q3 2021*

*Source: Vietnam Ministry of Health
600,000
Frontline workers are assembled to put the pandemic and its impacts under control*
*Source: Vietnam Ministry of Health
0.0008 %
Active cases over a population of nearly 98 million*
*Source: Vietnam Ministry of Health
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“During this challenging time, it is ultimately important that we have a resilient partner. Not only to survive this crisis together but also to build a long-term resilience that will help us prepare for any global shocks like COVID-19 in the future.”

Truong Gia Binh - Chairman of FPT Corporation
See how FPT responds to COVID-19

Vietnam – an Ascending Dragon of Southeast Asia

Vietnam has showed tremendous advantages to facilitate business operations

Strategic location
Strategic location
Located in the center of Southeast Asia and sharing borders with China, Vietnam has a favourable position that might serve as a home base for the largest collection of consumers (China, ASEAN, Japan, South Korea, etc.)
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Political stability
Political stability
Vietnam is politically stable. With 0.13 points, Vietnam ranked 14th in the Asian Political Stability Index by the World Bank in 2019.
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Golden age workforce
Golden age workforce
With a national population of 97 million and a median age of 32.5, Vietnam not only has an abundant supply of available labor but also an expanding consumer base.
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Pro-business climate
Pro-business climate
Vietnam has signed several free trade deals with major markets like the EU, the UK, South Korea, ASEAN, etc.. The EU-Vietnam FTA will remove nearly all tariffs on goods traded between the two markets.
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Government’s support efforts in both economic and social security have contributed to bringing economic growth in 2020 to its highest level possible amidst the context of the pandemic.

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Innovation

An innovation ecosystem ripe for local R&D projects, marked by the launch of the “Make in Vietnam initiative”
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Digital

Bold steps towards a large-scale digital journey with a recently approved national digital transformation program
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Consumerism

A promising consumer landscape fuelled by the dominance of digital-savvy Generation Y and Z, and the emerging middle class
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ICT Infrastructure

Vietnam is making great strides in ICT infrastructure, which has been reflected by the high smartphone penetration rate, recent commercial testings of 5G, smart city projects and the development of Tier 4 data center.

FPT as a Partner of
Foreign Direct Investors
in Vietnam

At FPT, we orchestrate the power of digital technologies and an engaged workforce to accelerate our clients’ operation and connectivity by:

  1. Launching Vietnam’s largest Data Center;
  2. Leveraging 17,000 engineers and technology experts fuelled by a growing pool of 500,000 IT talents from FPT University and FUNiX.

Our partners span the globe

Top 15 Foreign Direct Investors in Vietnam (Jan 2021)

source: Vietnam Ministry of Planning and Investment
up to 70 billion US dollars
unit: billion US dollar
up to 70B ($)
unit: B ($)

World’s Best in Vietnam

Manufacturing & Automotive
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Banking, Finance & Insurance
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Airlines & Transportation
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Electronics
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FPT NEWS

FPT NEWS

Feature Interview: FPT Software Chief Executive Officer on 2021-2023 Vision and Strategy

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