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FPT Announces New Chief Executive Officer for Chinese Subsidiary, Boosting Growth in the Trillion-Dollar Market

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FPT Announces New Chief Executive Officer for Chinese Subsidiary, Boosting Growth in the Trillion-Dollar Market
News

News

FPT Announces New Chief Executive Officer for Chinese Subsidiary, Boosting Growth in the Trillion-Dollar Market

2024-07-15 14:03 Last Updated At:14:10

HANOI, Vietnam--(BUSINESS WIRE)--Jul 15, 2024--

Global technology corporation FPT recently announced the Chief Executive Officer for the Chinese market (FPT China), aiming to intensify the IT firm’s local footprint, business growth, and delivery capability in the world's second-largest economy.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240714846872/en/

This move allows FPT China to further offer Chinese enterprises localized digital transformation services, tailored technology solutions, and strategic consulting to navigate the country's unique market dynamics and drive sustainable growth. Leveraging a strong workforce and a comprehensive network of local offices, nearshore development centers, and offshore delivery centers, the company is poised to support clients across diverse sectors in China and other major IT service markets worldwide.

Tuan brings 20 years of growth and operational expertise to FPT China. Before assuming the role, he held various senior positions in FPT Software, a subsidiary of FPT, notably Director of Telecommunication & Public Service and CEO of FPT Dalian. Tuan's strategic acumen and extensive experience championed several projects in the Japanese market, one of the company's key markets.

As the APAC region ramps up AI, semiconductors, and automotive sectors with governments' supportive policies, large-scale research funding, and attractive incentives, China holds an influential, pioneering role in Artificial Intelligence, Automotive, and FinTech solutions and technologies. Tuan's expertise and comprehensive market understanding are expected to accelerate growth for FPT China and affirm FPT's position as a trusted technology partner.

“China is one of the fastest-growing and most dynamic markets for digital technologies, offering fast-paced advancements, competitive cost, enhanced time-to-market, and a large pool of potential customers. The surge in Artificial Intelligence (AI), smart mobility, and green transformation here strongly aligns with FPT's strategic direction,” Tuan said.

Entered China in 2017, FPT has established a solid presence in the market, with offices and delivery centers in strategic locations, including Shanghai, Nanning, Suzhou, and, most recently, Dalian. In the next five years, the IT firm’s primary focuses remain automotive and AI while targeting other domains like finance services and healthcare. It has formed strategic partnerships with major Chinese players in the automotive and semiconductor sectors.

FPT China also plans to expand its local workforce to 3,000 employees in the next three to five years, committing to close collaborations with universities and other educational institutions in China to provide ICT training and career opportunities.

About FPT Corporation

FPT Corporation (FPT) is a globally leading technology company headquartered in Vietnam. FPT operates in three core sectors: Technology, Telecommunications, and Education. During over three decades of development, FPT has constantly provided practical and effective products to millions of people and tens of thousands of business and non-business organizations worldwide, establishing Vietnam’s position on the global tech map. Keeping up with the latest market trends and emerging technologies, FPT has developed the Made-by-FPT ecosystem of services, products, solutions, and platforms, which enables sustainable growth for organizations and businesses and offers distinctive experiences to customers. In 2023, FPT recorded a total revenue of US$2.17 billion and 48,000+ employees. For more information, please visit https://fpt.com.vn/en.

(Photo: Business Wire)

(Photo: Business Wire)

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PHOTO COLLECTION: Central Europe Floods

2024-09-16 16:04 Last Updated At:16:10

This is a collection of photos chosen by AP photo editors.

A resident struggles through mud to his house after recent floods in Jesenik, Czech Republic, Monday, Sept. 16, 2024. (AP Photo/Petr David Josek)

A resident struggles through mud to his house after recent floods in Jesenik, Czech Republic, Monday, Sept. 16, 2024. (AP Photo/Petr David Josek)

Residents walk through debris after recent floods in Jesenik, Czech Republic, Monday, Sept. 16, 2024. (AP Photo/Petr David Josek)

Residents walk through debris after recent floods in Jesenik, Czech Republic, Monday, Sept. 16, 2024. (AP Photo/Petr David Josek)

A man wades through flood water in Opava, Czech Republic, Sunday Sept. 15, 2024. (Jaroslav Ozana/CTK via AP)

A man wades through flood water in Opava, Czech Republic, Sunday Sept. 15, 2024. (Jaroslav Ozana/CTK via AP)

Firemen help residents during floods in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

Firemen help residents during floods in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

Residents watch the river during floods Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

Residents watch the river during floods Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

A resident waits to be evacuated from his flooded house in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

A resident waits to be evacuated from his flooded house in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

Garages and a house flooded in the town Kłodzko, in Poland's southwest, Sunday, Sept. 15, 2024, after days of unusually heavy rain. (AP Photo/Krzysztof Zatycki)

Garages and a house flooded in the town Kłodzko, in Poland's southwest, Sunday, Sept. 15, 2024, after days of unusually heavy rain. (AP Photo/Krzysztof Zatycki)

A drone image showing the floods in the Ostrava-Koblov district, Czech Republic, Sunday Sept. 15, 2024. (Petr Sznapka/CTK via AP)

A drone image showing the floods in the Ostrava-Koblov district, Czech Republic, Sunday Sept. 15, 2024. (Petr Sznapka/CTK via AP)

Flooded streets from the Danube River in Passau, Germany, Sunday Sept. 15, 2024. (Armin Weigel/dpa via AP)

Flooded streets from the Danube River in Passau, Germany, Sunday Sept. 15, 2024. (Armin Weigel/dpa via AP)

A woman takes a photo of high levels of the Danube river in Bratislava, Slovakia, Sunday, Sept. 15, 2024. (AP Photo/Tomas Hrivnak)

A woman takes a photo of high levels of the Danube river in Bratislava, Slovakia, Sunday, Sept. 15, 2024. (AP Photo/Tomas Hrivnak)

Flooded streets and houses in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

Flooded streets and houses in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

A resident with his cat is taken by a rubber boat from his flooded house in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

A resident with his cat is taken by a rubber boat from his flooded house in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

Spectators look at the partially collapsed Carolabrücke bridge over the Elbe, which is rising rapidly due to upcoming flood waters, in front of the state chancellery in Dresden, Germany, Sunday, September 15, 2024. (AP Photo/Markus Schreiber)

Spectators look at the partially collapsed Carolabrücke bridge over the Elbe, which is rising rapidly due to upcoming flood waters, in front of the state chancellery in Dresden, Germany, Sunday, September 15, 2024. (AP Photo/Markus Schreiber)

A cyclist looks at Donaukanal channel flood its banks at Urania observatory in central Vienna, Austria, Sunday, Sept. 15, 2024. (AP Photo/Heinz-Peter Bader)

A cyclist looks at Donaukanal channel flood its banks at Urania observatory in central Vienna, Austria, Sunday, Sept. 15, 2024. (AP Photo/Heinz-Peter Bader)

A rescue worker is pulled against a strong current during an evacuation operation during floods in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

A rescue worker is pulled against a strong current during an evacuation operation during floods in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

Residents bucket out water from their garden during floods in Zahorska Bystrica, Slovakia, Sunday, Sept. 15, 2024. (AP Photo/Tomas Hrivnak)

Residents bucket out water from their garden during floods in Zahorska Bystrica, Slovakia, Sunday, Sept. 15, 2024. (AP Photo/Tomas Hrivnak)

The Bela River flows past a church during floods in Mikulovice, Czech Republic, Saturday, Sept. 14, 2024. (AP Photo/Petr David Josek)

The Bela River flows past a church during floods in Mikulovice, Czech Republic, Saturday, Sept. 14, 2024. (AP Photo/Petr David Josek)

A resident is evacuated from her flooded house in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

A resident is evacuated from her flooded house in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

A resident with his dog is taken by a rubber boat from his flooded house in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

A resident with his dog is taken by a rubber boat from his flooded house in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

A view of flooded houses in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

A view of flooded houses in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

A man stands in waist-deep water that has flooded the streets and houses in the town of Kłodzko, in Poland's southwest, Sunday, Sept. 15, 2024, after days of unusually heavy rain. (AP Photo/Krzysztof Zatycki)

A man stands in waist-deep water that has flooded the streets and houses in the town of Kłodzko, in Poland's southwest, Sunday, Sept. 15, 2024, after days of unusually heavy rain. (AP Photo/Krzysztof Zatycki)

A resident hugs with her relative after being evacuated from her flooded house in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

A resident hugs with her relative after being evacuated from her flooded house in Jesenik, Czech Republic, Sunday, Sept. 15, 2024. (AP Photo/Petr David Josek)

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