CEO of FPT IS: Committed to accompanying Vietnamese enterprises to generate business breakthroughs in a fragmented and skeptical world

As part of the Techday 2023 event organized by FPT Corporation, Mr. Nguyen Hoang Minh – CEO of FPT Information System Corporation (FPT IS) – has chaired a discussion session on “How technology helps enterprises generate business breakthroughs in a fragmented and skeptical world”. With the presence of two leaders from Techcombank and AA Corporation, the discussion session presents new perspectives on the role of technology in the sustainable development of enterprises.

Techcombank: Investing in technology, Rising to the top

Mr. Nguyen Anh Tuan – CIO of Techcombank – says, as a financial institution, Techcombank has always been predicting the risks that may arise and also has always been wrestling with the way to overcome difficulties of the economic crisis. According to the CIO of Techcombank, the bank has set out 3 solutions, which are to Develop a mobile app to facilitate payment; Optimize cash flow; and Optimize the import-export guarantee process.

“Business and technology need to go hand in hand. Techcombank has a mission to transform customer experience, and technology is the tool to win customers’ trust”, affirmed the CIO of Techcombank.

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According to the CIO of Techcombank, the bank has set out three solutions to overcome the crisis.

The CIO also gives advice to enterprises, especially credit institutions: “Amid difficulties, a large portion of enterprises seems to freeze investment activities to preserve cash flow, while for Techcombank, the more volatile the market is, the more we are determined to carry out investment to rise to the top. However, we need to have a thorough and solid plan of implementation in place to make sure the investment is right and optimal in terms of time, effort, and resources”.

AA Corporation: “Breathing life” into dull products of the wood sector with technologies

Despite the fluctuations of the world’s market, the wood sector manages to maintain its position and is one of Vietnam’s export surplus sectors over the past year.

According to Mr. Nguyen Quoc Khanh – Chairman of AA Architecture Construction Joint Stock Company (AA Corporation) and Chairman of Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA), the wood sector of Vietnam has many advantages to offer. Over the past 18 years, the wood sector has always recorded a growth rate of over 15%/year. In 2022, the export revenue has reached 15.8 billion USD, ranking first in Vietnam’s agricultural industry.

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Mr. Nguyen Quoc Khanh – Chairman of AA Corporation – speaks at the event.

Mr. Khanh also affirms that in order to maintain growth in the context of a volatile economy, wood enterprises, especially like AA Corporation – a company with a large and complex business model, need to equip an advanced and consistent management system. Risk management in interior construction, price management to create competitive advantages with technologies and data, and strict control of the production processes are the keys for AA Corporation to realize the Phu Dong campaign, aiming towards the goal of becoming the leading furniture solution provider in the region and making Vietnam the number 1 furniture factory in the world.

“We have been researching and adopting technologies to “breathe life” into wood products and derivatives, which has long been considered dull. Technologies help us identify new demands and generate proper product designs for the consumers both in the domestic and international markets”, said Mr. Khanh.

CEO of FPT IS: Committed to accompanying Vietnamese enterprises to generate business breakthroughs in a fragmented and skeptical world

After the speeches of the two leaders from Techcombank and AA Corporation, the companies that pioneer in digital transformation, Mr. Nguyen Hoang Minh – CEO of FPT IS – has summarized experiences and lessons learnt for enterprises to be able to generate business breakthroughs in a context of uncertainty.

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Mr. Nguyen Hoang Minh – CEO of FPT IS – is committed to accompanying enterprises and organizations to generate competitive advantages to conquer both domestic and international markets.

According to Mr. Minh, the fluctuations of the world’s market are inevitable. Enterprises need to be equipped with a solid foundation to cope with the changes, for which IT is the key. FPT is committed to accompanying enterprises and organizations to generate competitive advantages to conquer both domestic and international markets. “We can only have a larger playground if we reach out to the world, to create balance and offset the risks with the domestic market”, the CEO of FPT IS concludes the discussion with a commitment to accompany Vietnamese enterprises to conquer the potential international market.

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