fpt corporation a comprehensive exploration of vietnams leading conglomerate

<span class="text_page_counter">Trang 1</span><div class="page_container" data-page="1">

<b>THUONGMAI UNIVERSITY FACULTY OF ENGLISH </b>

<b>GROUP DISCUSSION ENGLISH </b>

<i><b>Topic: FPT Corporation: A Comprehensive Exploration of Vietnam's Leading Conglomerate </b></i>

<b>Teacher: Mrs. Nguyễn Thị Trà My </b>

</div><span class="text_page_counter">Trang 2</span><div class="page_container" data-page="2">

<b>FPT Corporation: A Comprehensive Exploration of Vietnam's Leading Conglomerate I. Introduction </b>

<b>II. Body: </b>

<i><b>1. Company’s history: Establishment date and origins of FPT Corporation. Significant </b></i>

developmental milestones from inception to the present day. Key events that have influenced

<i><b>the company's growth. Changes in business strategies and visions across different periods. </b></i>

<i><b>2. Company structure: Organizational structure of FPT Corporation, including subsidiaries and </b></i>

affiliations. Description of hierarchical and functional departmental arrangements. Interactions and collaboration between different segments and subsidiaries. Shareholder relationships and governance management structure.

<i><b>3. Operation: Core business areas in which FPT Corporation operates, e.g., information </b></i>

technology, telecommunications, finance, education, etc. Description of the products, services, and solutions provided by the company. Strategies and execution methods of business operations in each sector. Contributions of FPT Corporation to the industry and the Vietnamese economy.

Customers and markets: This may include market analysis, competitiveness, and marketing strategy.

<i><b>4. Analysis swot </b></i>

<i>4.1. Strengths 4.2. Weaknesses 4.3. Opportunities 4.4. Threats </i>

<i><b>5. Future orientation </b></i>

FPT's long-term strategy for the period 2023-2025. Determined to develop new technology products. continues to be heavily invested in leading trending technologies such as AI, Cloud, Big Data, Blockchain, Hyper Automation to develop and provide open, reliable products, solutions, platforms and platforms. flexible, smart, secure and highly applicable in all fields from e-government, transportation, healthcare, finance and banking, telecommunications, education to production and consumption…

<i><b>6. Community contribution </b></i>

<b>III. Conclusion </b>

</div><span class="text_page_counter">Trang 3</span><div class="page_container" data-page="3">

<b>PRESENTATION OUTLINE INTRODUCTION </b>

Information technology (IT - Information Technology) is an umbrella term that includes all groups of technology industries (using computer systems, software, and internet applications) used for data processing. to distribute data, store it, exchange it and use it in all forms of data (business data, conversation data, pictures, movies, videos, etc.) multimedia presentations, and other forms of art).

Currently, in our country, this industry is experiencing continuous development and increasing audiences. The IT industry, like the impact of every remaining industry, not only helps people process the amount of information that is not growing quickly, creating many new forms of work, but also creates a new source for their development. society, following the development of human civilization.

Having established an important position in the industry and the trend of emigration, the company has been established, and is increasingly developing, expanding its activities, providing more and more information technology products and services, with the quality of its products becoming more and more visible, and richer, more practical, meeting the needs of today. More and more meet the needs of life, constantly improving the quality of life, business, food and defense security, and national defense. Among a series of small companies, FPT is always one of the leading companies in this field in Vietnam. With a remarkable performance record, always consistent and maintaining its position in the national market as well as in the international market, the development prospects of this company are becoming more and more positive and large-scale. Activities are increasingly expanding, and increasingly gaining the trust of consumers.

With regard to the company's importance, understanding and analyzing consumer activities is important. This company is an essential element. It is for this reason that the group of students used the article: "FPT Corporation: A Comprehensive Exploration of Vietnam's Leading Conglomerate" as the basis for the group's discussion paper.

With information and information during the research process, we cannot avoid making mistakes. Therefore, we look forward to receiving your comments so that the article can be completed as soon as possible.

</div><span class="text_page_counter">Trang 4</span><div class="page_container" data-page="4">

<b>BODY/ DEVELOPMENT 1. COMPANY’S HISTORY </b>

In 1988, 13 young scientists founded FPT Company with the desire to build "a new type of organization, rich and strong through creative labor efforts in science, engineering and technology, making customers satisfied, contributing to part of national prosperity, giving each of its members the conditions to fully develop their talents and a life full of material and spiritual richness". Take a look at important milestones in the history of formation and development of FPT Joint Stock Company:

<i><b>1988: Take the first steps with 13 members </b></i>

In 1986, the 6th Party Congress initiated the Doi Moi Policy, allowing new economic models to operate effectively, while encouraging the dynamism and creativity of a new generation - the generation of Vietnamese Entrepreneurs. Many companies that make important contributions to the Vietnamese economy today, including FPT, are the offspring of this Policy. In June 1986, while working at the Institute of Mechanics, under the Vietnam Academy of Sciences, Mr. Truong Gia Binh decided to establish the Heat and Substance Exchange Group with the desire to “earn a lot of money to support each other to continue”, “ continue to do science”. In the summer of 1988, to implement the Contract to Supply Computers to the Soviet Academy of Sciences, Mr. Truong Gia Binh determined to establish a company under a ministerial or ministerial-level state agency, with the following functions: business, import-export and technology transfer. Mr. Truong Gia Binh immediately promoted the most important task of recruiting talented people. His desire to rise has convinced many talents with different personalities. It can be said that Mr. Truong Gia Binh has gathered the most outstanding talents of his generation.

On September 13, 1988, the Director of the National Institute of Technology Research signed a decision to establish Food Technology Company (FPT's first name) and assigned Mr. Truong Gia Binh as Director. A new company was born, with no capital, no assets, no cash..., with only 13 young, ambitious scientists who believed in their hands and minds, daring to confront the challenge. every challenge, determined to create great karma.

<i><b>1990: Choosing the information technology path </b></i>

In 1989, the contract to supply computers to the Soviet Academy of Sciences laid the foundation for FPT's information technology business.

In October 1990, the company changed its name to Technology Investment and Development Company (abbreviated name FPT).

At the end of 1990, FPT's first commercial software contract was signed. That is the ticket booking system for Vietnam Airlines' ticket office. After the aviation industry, FPT in

</div><span class="text_page_counter">Trang 5</span><div class="page_container" data-page="5">

turn participated in computerization projects in most of Vietnam's key ministries and sectors such as banking, public finance, telecommunications, electricity…

<i><b>1994: Entering the field distribution sector with the goal of bringing new technology products into Vietnam </b></i>

In the early 90s of the twentieth century, FPT participated in computer supply activities and quickly became one of the major suppliers in the Vietnamese market. However, most transactions are small and must be done through a third party for the main reason. US embargo

<i><b>policy. </b></i>

In 1994, after the US lifted the embargo policy, a series of computer companies entered Vietnam. FPT quickly approached and convinced them to choose FPT as their official agent in Vietnam. IBM, one of the first American companies to open a representative office in Vietnam, announced that FPT became its first Vietnamese partner, and soon Compaq, HP... officially cooperated with FPT. opened up the field of distribution of FPT's professional technology

<i><b>Vietnam's Internet to develop rapidly. </b></i>

<i><b>1999: Entering foreign markets with the strategic direction of software export </b></i>

In the period 1997 - 1998, the regional financial and monetary crisis and economic fluctuations in Vietnam placed companies specializing in business. Imported equipment and products like FPT are at a disadvantage. FPT Dien Hong Conference in 1998, planning the strategy for the next 10 years, using software export as the keystone and determined to light up

<i><b>Vietnam's name on the world intellectual map. </b></i>

<i><b>Year 2000: Entering foreign markets with the strategic direction of software export </b></i>

In 2000, FPT became the first information technology company in Southeast Asia to be

<i><b>certified 150 9001:1994. </b></i>

<i><b>In 2001, launched VnExpress - one of the first electronic newspapers in Vietnam. </b></i>

In 2004, FPT was the first Vietnamese company to receive CMM 5 (Capability Maturity Model) certification - the highest level assessing production process capacity in a software

<i><b>development organization - by the American Institute of Software Technology. (SEI) level. </b></i>

</div><span class="text_page_counter">Trang 6</span><div class="page_container" data-page="6">

In 2005, FPT built FPT's comprehensive management system and was the only company

<i><b>to register to protect this system. </b></i>

<i><b>2006: FPT University was established and listed on the stock market </b></i>

In September 2006, FPT University was born and was also the first university of the

<i><b>enterprise to be granted an operating license. </b></i>

On December 13, 2006, FPT shares officially participated in trading at the Ho Chi Minh City Stock Exchange (now the Ho Chi Minh City Stock Exchange Ho Chi Minh City Securities - HOSE) with 60,810,230 shares with par value of 10,000 VND/share. FPT was the first enterprise in the field of Information Technology to be listed and immediately became a major

<i><b>stock (blue chip) on the stock market. </b></i>

<i><b>2012: Investing in expanding FPT retail chain and E-commerce </b></i>

In February 2012, FPT decided to invest in expanding FPT retail chain with the goal of reaching 150 stores by 2014. Stores in the retail chain The retailer will specialize in technology

<i><b>products, providing a variety of products and services for the entire FPT. </b></i>

In March 2012, with the B2B2C (business-to-business-to-consumer) model, FPT's Sendo.vn was the first e-commerce platform to combine with logistics providers and banks to

<i><b>bring customers Customers experience all-inclusive guaranteed transactions. </b></i>

In 2014, FPT completed the acquisition of 123mua.vn, one of the leading e-commerce

<i><b>sites in Vietnam. </b></i>

<i><b>2014: Conducted the first M&A deal in Vietnam's IT sector in a foreign market </b></i>

In June 2014, FPT completed its first M&A deal through the purchase of RWE IT Slovakia, a member unit of RWE, Europe's leading energy corporation. This is the first merger and acquisition (M&A) deal in a foreign market for FPT in particular and in the Vietnamese

<i><b>information technology industry in general. The deal opens a new business model "bestshore". </b></i>

2015: The first foreign enterprise was granted a Telecommunications License in

<i><b>Myanmar </b></i>

2016: Pioneering in accompanying the world's leading corporations in researching, developing and applying new technologies to change operating methods and business models in the digital economy.

<i><b>2017: Launching the comprehensive artificial intelligence platform FPTAI. </b></i>

2018: Purchased 90% shares of Intellinet - America's leading technology consulting company.

<i><b>2019: Raise the level to become a comprehensive digital transformation company </b></i>

Signed 02 important digital transformation consulting contracts for two large companies in the fields of seafood and delivery in Vietnam and Europe. The first contract is digital transformation consulting for Minh Phu Group, the No. 1 shrimp producer and processor in

</div><span class="text_page_counter">Trang 7</span><div class="page_container" data-page="7">

Vietnam, aiming to optimize operating processes, reduce costs and improve production capacity with the goal of Aim to become a TOP seafood technology company in the world. The second digital transformation consulting contract is DPDGroup - Europe's second largest delivery

<i><b>company, influencing the company's data-based operating model. </b></i>

For the first time, FPT sold the copyright to use the robot business process automation platform -akaBot with a total value of up to 6.5 million USD to a Japanese company within 5

<i><b>years. </b></i>

<i><b>2020: Elevate its position globally </b></i>

The first corporation in Southeast Asia to become a strategic partner of the world's leading Artificial Intelligence Research Institute - Mila. At the same time, surpassing hundreds of global Information Technology companies to consult and implement comprehensive digital transformation worth hundreds of millions of dollars for leading global corporations in the US, Japan, and Malaysia. Domestically, FPT is a comprehensive digital transformation strategy consulting partner of a series of leading organizations and corporations in the fields of energy,

<i><b>manufacturing, fisheries, finance - banking, real estate... </b></i>

Constantly innovating, continuously creating and always pioneering to bring customers the most optimal technology products/solutions/services, FPT has become the largest IT-VT company in the private economic sector. of Vietnam.FPT is also a leading enterprise in the

<i><b>fields of: Software export, System integration; Software Development; IT services. </b></i>

Over the past 32 years, FPT has not only pioneered in building and developing Vietnamese brand software; bringing technology to life; modernize the nation's economic backbone; Promote education and training of the young generation in the direction of real learning and practice, but also pioneer in the field of software export, contributing to bringing Vietnamese intelligence to the world. Domestically, most major information systems in state

<i><b>agencies and key economic sectors of Vietnam are built and developed by FPT. </b></i>

In the 4.0 revolution, FPT is a pioneering Vietnamese company in researching and developing new technologies in artificial intelligence, big data, cloud computing, mobile,... FPT is also a pioneering enterprise. Phong accompanies the world's leading technology corporations to create the most advanced digital technology platforms such as GE (Predix), Siemens

<i><b>(MindSphere), Airbus (Skywise), Amazon AWS... </b></i>

FPT's position globally has been recognized and affirmed through a customer list of more than 600 large enterprises in the world, especially nearly 100 customers on the Fortune 500 list. Some famous names Big customers include Toshiba, Hitachi, Airbus, Deutsche Bank, Unilever,

<i><b>Panasonic… </b></i>

With a pioneering orientation in researching and applying the latest technology trends, FPT will continue to be a leader in digital transformation for customers, bringing new

</div><span class="text_page_counter">Trang 8</span><div class="page_container" data-page="8">

technologies such as AI, Big Data, IoT,... solutions in all fields such as smart transportation, smart healthcare, digital government, etc. FPT sets a target of revenue from foreign markets reaching 1 billion USD and becoming the leading global corporation in Vietnam in terms of

<i><b>revenue. Smart services in 2020. </b></i>

FPT culture is encapsulated in the 6 words 'RESPECT FOR DONG - SPIRITUAL EXAMPLE', in which: "RESPECT FOR DONG" means "Respect for individuals - Spirit of

<i><b>innovation - Team spirit", which are the values that all FPT people share. “BRIGHT </b></i>

EXAMPLE” means “Diligence – Exemplary – Wisdom”, which are the necessary qualities of

<i><b>FPT leaders. </b></i>

In the context that the whole world is entering the 4th Industrial Revolution - the digital revolution, FPT will be a pioneer in the digitalization trend through building, applying and transforming itself, not only improve but also bring technologies with many new applications, highly practical applicability, bringing production and business efficiency as well as new experiences for customers, thereby catching up and developing together. development in the digital world.

<i>About DEVELOPMENT STRATEGY </i>

Focus on investing in technologies, products, services, and business infrastructure developed on SMAC, IoT and Digital transformation platforms.

Increase investment, improve the quality of technology experts, build a creative and effective working environment.

Aim to develop activities for the technology community, thereby building a sustainable technology ecosystem.

<i>About ACTION </i>

FPT focuses on developing technology platforms and improving infrastructure systems. Digitize services, products and solutions.

Strong combination with partners

Build synchronous solutions, develop new business models, thereby enhancing experience and increasing production and business efficiency and sales for customers.

<b>2. COMPANY STRUCTURE </b>

10 member companies with business characteristics are important components to form the FPT ecosystem, gathering the overall strength of FPT.

<b>8 Subsidiaries: </b>

<i><b>FPT Software - Global Technology and IT services: A subsidiary of FPT Corporation </b></i>

– the leading ICT Group in Asia, FPT Software is a global technology and IT services provider with the headquarter in Vietnam. Its decades of experiences in the global market have seen FPT Software empowering digital transformation for businesses worldwide, from various industries:

</div><span class="text_page_counter">Trang 9</span><div class="page_container" data-page="9">

Healthcare, BFSI, Manufacturing and Automotive, Communications, Media and Services, Aerospace and Aviation, Logistics and Transportation, Utilities and Energy, Consumer

<i><b>Packaged Goods, and Public Sector. </b></i>

<i><b>FPT Information System - system integrator and solution: During 29 years of </b></i>

development, FPT Information System Corporation (FPT IS) is proud to be the leading system integrator and solution provider in Vietnam and the region. Possessing technological capabilities recognized by global customers and partners, FPT IS has designed and deployed a large number of overall IT projects, IT services and solutions for key sectors of the countries we operate in, including: Public sector, Telecommunications, Banking - Finance, Healthcare, Transportation, Public finance, Utilities and Enterprise.

<i><b>FPT Telecom - Telecommunication & Internet service: As a member of Vietnam's </b></i>

leading technology group FPT, FPT Telecom Joint Stock Company (FPT Telecom) has been one of the telecommunications and Internet service providers who are trusted and loved by customers all over Vietnam and the region.

<i><b>FPT Online - Communication and Advertisement : Not only is it a leader in developing </b></i>

regional advertising communications, FPT Online also promotes the development of digital

<i><b>product platforms and builds communities for users in many fields. </b></i>

<i><b>FPT Education : As an education brand with international influence, FPT Education has </b></i>

expanded to a full range of educational levels, contributing to nurturing high-quality human

<i><b>resources for the labor market. </b></i>

<i><b>FPT Investment - Investment in many fields </b></i>

<i><b>FPT Smart Cloud - AI & Cloud Computing: FPT Smart Cloud (FCI): a member of FPT </b></i>

Corporation, the leading provider of Artificial Intelligence (AI) & Cloud Computing solutions in Vietnam. FCI was founded with the mission to bring a world-class AI application platform

<i><b>& world-class cloud services, creating a breakthrough in business operations. </b></i>

<i><b>FPT Digital - A digital transformation consulting company: FPT Digital, a subsidiary </b></i>

of FPT Corporation, provides digital transformation consulting services for businesses to by-step build resources, utilize technology to digital transform and solve specific pain points in alignment with development strategy and direction, towards optimization and improvement, creating new values.

<b>step-2 Associates: </b>

<i><b>Synnex FPT - Sale Technology solution: Synnex FPT has contributed to bringing </b></i>

millions of products and high-quality technology solutions to Vietnamese consumers. The channel system of more than 3800 agents and 8000 points of sale, the optimal sales support policy, and the comprehensive digital management solution of Synnex FPT are the factors that ensure a perfect goods supply chain.

</div><span class="text_page_counter">Trang 10</span><div class="page_container" data-page="10">

<i><b>FPT Retail - Retails in technology equipment & pharma: FPT Digital Retail Joint Stock </b></i>

Company (FPT Retail) was established in 2012 in Viet Nam, is now an associate of FPT Corporation. FPT Retail operates 2 retail chains FPT Shop, F-Studio by FPT and a subsidiary

<i><b>company is FPT Long Chau Pharma Joint Stock Company. After many years making effort and </b></i>

focusing on “wholehearted serving customers", FPT Retail considers the determination of building and operating a style which serves the best for customers as a sustainable development,

<i><b>completing our image of friendliness with the aim that serving customers is the first priority. 3 . OPERATION </b></i>

<b>3.1. Core Business Areas and Offerings </b>

<i><b>Information Technology (IT): FPT is best recognized for its IT services. They provide </b></i>

solutions for software development, system integration, cloud computing, cybersecurity, and digital transformation. Their IT services are used in a variety of industries, including healthcare,

<i>banking, manufacturing, and others. </i>

<i><b>Telecommunications: FPT offers telecommunications solutions such as network design, </b></i>

deployment, and maintenance. They also provide telecom carriers with solutions to optimize

<i>their operations and improve their client experiences. </i>

<i><b>Finance: FPT Corporation has entered the financial sector by offering technological </b></i>

solutions to banks and other financial organizations. Core banking systems, payment solutions, and digital banking platforms are examples of how financial institutions can improve their

<i>services and operations. </i>

<i><b>Education: FPT is well-known in the education sector, where it provides e-learning </b></i>

platforms, educational content production, and educational technology solutions. They are committed to providing students and professionals with current and innovative learning

<i> Business </i>

o The Group focuses on expanding/promoting the provision of full digital transformation services and solutions, from advising to implementation, to large enterprises. Providing cutting-edge technology platforms and solutions such as

</div><span class="text_page_counter">Trang 11</span><div class="page_container" data-page="11">

RPA, Lowcode, AI, Blockchain, and services for the transformation, management, and operation of cloud computing IT infrastructure is very important.

o FPT continues to develop and expand the family of Made by FPT solutions for small and medium-sized business customers toward a single, all-in-one management platform. FPT can also expand with third-party products and services to optimize operations.

o FPT wants to give the best service experience possible for individual clients by utilizing cutting-edge management tools and platforms.

<i> Technology </i>

o FPT will focus on developing important platforms and technologies in order to improve customer experience and technology-based operational efficiency. o The Group will continue to support in-depth research and development of

products based on Blockchain technology, Lowcode, AI, Cloud, and Data Platforms (Users / Customers / Internal Data) in order to provide efficient and reliable business solutions to large organizations/corporations, SMEs, and disruptive experiences for individual customers.

<i> People </i>

o FPT's most significant resource is its people. The Group is constantly working to build pay structures that encourage competition, support innovation, and cultivate creativity in order to generate generations of workers who are always learning and striving.

o FPT is committed to developing a fair, open, and non-discriminatory working environment, with the goal of providing each member with the best opportunities for talent development.

<i><b>Execution Methods </b></i>

Their execution methods include working with clients to understand their individual goals and difficulties, then developing and implementing personalized solutions

<i>Customer-Centric Approach: FPT Corporation's business strategy is based on the </i>

demands of its customers. They conduct extensive research to understand consumer desires and provide specific products and services to meet their needs. Their primary goals are success and customer satisfaction.

<i>Technological Innovation and Research & Development (R&D): FPT invests heavily in </i>

R&D to create new technological approaches and foster innovation in the information technology sector. To maintain their competitive advantage, businesses are always developing new products and services.

</div><span class="text_page_counter">Trang 12</span><div class="page_container" data-page="12">

<i>Global Expansion and Diversification: FPT has expanded into various fields, including </i>

information technology, telecommunications, banking, and education. Because of their strategic diversification, they can capitalize on opportunities and mitigate risks associated with specific markets or industries.

<i>Employee Development: Recognizing that its most valuable asset is its people, FPT </i>

Corporation is committed to nurturing it through training and development programs. They give employees the chance to advance their careers and become technology professionals.

<i>Emphasis on Business Transformation: FPT has prioritized business transformation by </i>

leveraging digital technology, artificial intelligence, and IoT solutions. They want to make significant changes in how they conduct business and provide value to their customers.

<i>Building a Strong Partner Network and Strategic Alliances: FPT has created strategic </i>

alliances with leading technology companies throughout the world. This enables them to give their clients with the best solutions while remaining competitive.

Finally, FPT Corporation's business strategies drive the company's ongoing success in information technology and related industries. Their commitment to innovation, customer satisfaction, and worldwide expansion positions them as a strong force in the technology landscape.

<b>3.3. Contributions of FPT Corporation to the industry and the Vietnamese economy </b>

FPT Corporation is one of the leading technology conglomerates in Vietnam and has made significant contributions to the country's industry and economy. FPT has played a crucial role in training the workforce, developing information technology products and services, supporting businesses, and promoting digital transformation in Vietnam.

<i><b>Contributions of FPT Corporation to the Vietnamese industry: FPT Corporation has </b></i>

made significant contributions to the Vietnamese industry through the following activities and

<i><b>projects: </b></i>

<i> Human Resource Development: FPT has established numerous high-quality universities </i>

and training centers in information technology, annually training and developing thousands of engineers, analysts, and IT experts. This has elevated the professional

<i><b>competence and competitiveness of the Vietnamese workforce in the IT industry. </b></i>

<i> Software Development and Technology Solutions: FPT has developed advanced </i>

information technology products and solutions for both domestic and international businesses. These solutions include enterprise management software, artificial intelligence solutions, and cloud computing applications, enhancing the efficiency and

<i><b>competitiveness of Vietnamese enterprises. </b></i>

</div>