HANOI, Vietnam--(BUSINESS WIRE)--Apr 23, 2026--
Global technology corporation FPT has signed a Memorandum of Understanding with GS Engineering & Construction Corporation (GS E&C) to strengthen collaboration in AI-ready data center infrastructure and smart city development in Vietnam, supporting the country’s digital infrastructure ambitions and sustainable urban development. The event took place during the Viet Nam-South Korea Business Forum in Hanoi, held during the official visit of South Korean President H.E. Lee Jae Myung to Vietnam.
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Under the agreement, FPT and GS E&C will advance the development of large-scale data center projects in Vietnam. The facilities are designed to meet hyperscale, colocation, and enterprise demand, with a strong focus on scalability, energy efficiency, and advanced cooling technologies.
The collaboration will also extend to smart city development across digital infrastructure, intelligent transportation, smart energy management, public safety, and urban services. Through the integration of AI-enabled and IoT-based solutions, both sides aim to build more efficient, resilient, and livable urban environments.
By combining GS E&C’s strengths in engineering, construction, design, and large-scale infrastructure delivery with FPT’s capabilities in cloud services, digital platforms, infrastructure, and local ecosystem engagement, this partnership is expected to support rising demand for cloud services, high-performance computing, and AI workloads in Vietnam.
“The partnership between FPT and GS E&C reflects the growing strategic alignment between Vietnam and South Korea, grounded in the two countries’ comprehensive strategic partnership in technology and infrastructure development. With our AI-first strategy and AI-augmented workforce, FPT is committed to contributing our technology capabilities to strengthen long-term digital capacity, advance technology transfer, and deepen cross-border cooperation between the two markets,” said Ha Minh Tuan, Chief Executive Officer of FPT Korea, FPT Corporation.
“This collaboration with FPT Group represents a meaningful step toward supporting Vietnam’s digital transformation through data center and smart city development,” said GS E&C CEO Yoonhong Huh. “GS E&C will lead project development and execution, leveraging its expertise in data center design and construction as well as integrated smart city infrastructure solutions, while working closely with FPT’s ICT and digital platform capabilities.” He added that the partnership would pursue a pragmatic, phased approach, starting from an initial tens of megawatts scale and potentially expanding in line with market demand. “Through this cooperation, we aim to build mutual trust and create tangible value and job opportunities for both Vietnam and Korea,” he said.
Since entering the South Korean market in 2016, FPT has built a strong position as a trusted technology partner to leading enterprises across industries, delivering end-to-end IT services to clients including LG Electronics, LG CNS, and Shinsegae I&C. The company has expanded its footprint across Seoul, Daegu, and Pangyo, supported by more than 300 on-site experts and over 2,500 offshore engineers, with SAP, ERP, and low-code services serving as key growth drivers.
About FPT Corporation
FPT Corporation (FPT) is a globally leading Vietnam-headquartered technology and IT services provider, with operations spanning more than 30 countries and territories. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. As an AI-first company, FPT is committed to elevating Vietnam’s position on the global tech map and delivering world-class AI-enabled solutions for global enterprises. FPT focuses on three critical transformations: Digital Transformation, Intelligence Transformation, and Green Transformation. In 2025, FPT reported a total revenue of USD 2.66 billion and a workforce of over 54,000 employees across its core businesses.
For more information about FPT's global IT services, please visit https://fptsoftware.com.
About GS Corporation
Renowned for remarkable performance driven by high-level competencies, GS E&C has built a global reputation through its outstanding achievements across construction and engineering. Founded in 1969 as Lucky Construction, the company has grown into one of Korea’s leading construction firms, with core businesses spanning architecture—including data centers and office buildings—housing, infrastructure, and plant engineering.
GS E&C is Korea’s foremost construction company in the data center sector, having delivered the largest number of domestic projects and offering end-to-end capabilities across the entire value chain, from development and design to construction and operation. Leveraging its accumulated know-how and advanced technologies, the company continues to strengthen its competitiveness in hyperscale and next-generation data center developments to support the AI and data-driven economy.
Beyond data centers, GS E&C has demonstrated strong execution capabilities through major global infrastructure and PPP projects, while also delivering large-scale petrochemical plants worldwide based on decades of engineering experience. In architecture and housing, the company is recognized for creating landmark buildings and leading Korea’s premium residential market through innovation, design excellence, and a customer-oriented approach.
The MoU exchange was witnessed by ministers and senior government representatives from Vietnam and South Korea.
WASHINGTON (AP) — Skeptical Democrats confronted Defense Secretary Pete Hegseth Wednesday for the first time since the Trump administration went to war with Iran, touching off tense exchanges over a costly conflict with unclear objectives that has been waged without congressional approval.
The hearing before the House Armed Services Committee was focused on the administration's 2027 military budget proposal, which would boost defense spending to a historic $1.5 trillion. Hegseth and the chairman of the Joint Chiefs of Staff, Gen. Dan Caine, stressed the need for more drones, missile defense systems and warships.
Democrats quickly pivoted to the ballooning costs of the war, the huge drawdown of critical U.S. munitions and the bombing of a school that killed children. Some lawmakers also questioned Trump's dealings with allies and President Donald Trump's shifting justification for the conflict.
The war has cost $25 billion so far, the chief financial official for the Pentagon told lawmakers. Jules Hurst III, the acting undersecretary of war for finances, said most of that money was spent on munitions. The military has also spent money on running the operations and replacing equipment.
Hegseth dismissed criticism of the war as political and said lawmakers who have raised questions about it are one of the greatest challenges facing the U.S. military.
“The biggest challenge, the biggest adversary we face at this point are the reckless, feckless and defeatist words of congressional Democrats and some Republicans,” Hegseth said.
In one tense exchange, Hegseth told Democratic Rep. Adam Smith that Iran’s nuclear facilities were obliterated in a 2025 attack by the U.S., prompting Smith to question the Trump administration’s reasoning for starting the Iran war less than a year later.
“We had to start this war, you just said 60 days ago, because the nuclear weapon was an imminent threat,” said Smith, the ranking Democrat on the House Armed Services Committee. “Now you’re saying that it was completely obliterated?”
Hegseth responded by saying that Iran “had not given up their nuclear ambitions” and still had thousands of missiles.
Smith said the war “left us at exactly the same place we were before.”
Democrats accused Hegseth of mismanaging the war and lying to Americans about the reasons for the conflict and said rising gas prices are now threatening the pocketbooks of millions of people in the U.S.
“Secretary Hegseth, you have been lying to the American public about this war from day one and so has the president,” said Rep. John Garamendi of California, who called the war “a geopolitical calamity," a “strategic blunder" and a ”self-inflicted wound to America."
Hegseth blasted Garamandi's remarks.
“Who are you cheering for here?” he asked the lawmaker. ”Your hatred for President Trump blinds you” to the success of the war.
While a fragile ceasefire is now in place, the U.S. and Israel launched the war Feb. 28 without congressional oversight. House and Senate Democrats have failed to pass multiple war power resolutions that would have required President Donald Trump to halt the conflict until Congress authorizes further action.
Republicans say they will keep faith in Trump’s wartime leadership, for now, citing Iran’s nuclear program, the potential for talks to resume and the high stakes of withdrawal. Still, GOP lawmakers are eager for the conflict to end, and some are eyeing future votes that could become an important test for the president if the war drags on.
While Democrats pressed Hegseth and Caine over Iran, Republicans focused their questions on the Department of Defense's budget proposal, not the management of the war.
Republican Rep. Mike Rogers, chairman of the committee, opened the hearing by noting Trump's call to increase military spending. He pointed to recent increases in defense spending by China, Russia and Iran.
“We don’t have enough munitions, ships, aircraft or autonomous systems to ensure dominance against every adversary," Rogers said. “They are spending more of their GDP on defense than we are.”
Iran's closing of the Strait of Hormuz, a vital shipping corridor for the world's oil, has sent fuel prices skyrocketing and posed problems for Republicans ahead of the midterm elections. The U.S. has responded with a Navy blockade of Iranian shipping and further built up its military forces in the region. Three American aircraft carriers are in the Middle East for the first time in more than 20 years.
The countries appear locked in a stalemate, with Trump unlikely to accept Tehran's latest offer to reopen the strait if the U.S. ends the war, lifts its sea blockade and postpones nuclear talks.
Hegseth has avoided public questioning from lawmakers about the war, although he and Caine have held televised Pentagon briefings. Hegseth has mostly taken questions from conservative journalists, while citing Bible passages to castigate mainstream outlets.
Secretary of Defense Pete Hegseth appears before a House Committee on Armed Services business meeting on the Department of Defense Fiscal Year 2027, on Capitol Hill, Wednesday, April 29, 2026, in Washington. (AP Photo/Rod Lamkey Jr.)
Secretary of Defense Pete Hegseth appears before a House Committee on Armed Services business meeting on the Department of Defense Fiscal Year 2027 on Capitol Hill, Wednesday, April 29, 2026, in Washington. (AP Photo/Rod Lamkey Jr.)
Secretary of Defense Pete Hegseth appears before a House Committee on Armed Services business meeting on the Department of Defense Fiscal Year 2027 on Capitol Hill, Wednesday, April 29, 2026, in Washington. (AP Photo/Rod Lamkey Jr.)
Secretary of Defense Pete Hegseth appears before a House Committee on Armed Services business meeting on the Department of Defense Fiscal Year 2027 on Capitol Hill, Wednesday, April 29, 2026, in Washington. (AP Photo/Rod Lamkey Jr.)
Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan Caine speaks to members of the media during a press briefing at the Pentagon, Thursday, April 16, 2026 in Washington. (AP Photo/Kevin Wolf)
