FPT and IBM Partner with Sovico Group to Advance Fintech Applications at Ho Chi Minh City’s Fintech Hub
On the morning of April 14, 2026, within the framework of a High-Level Investment Forum co-organized by the Vietnam International Financial Centre in Ho Chi Minh City (VIFC-HCMC), Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), and the London Stock Exchange (LSE), the Fintech Hub was officially launched, contributing to the development of a finance-technology ecosystem in Ho Chi Minh City. At the event, FPT, in collaboration with IBM, was honored to participate as a featured partner, showcasing its financial technology solution ecosystem through a dedicated exhibition space.
The event is seen as a significant step in Ho Chi Minh City’s journey toward becoming an international financial center in the region. According to the newly released GFCI 2026 (Global Financial Centres Index 39), Ho Chi Minh City climbed to 84th place globally with 665 points, an 11-rank improvement from 2025 and ranked 3rd in Southeast Asia. Against this backdrop, the Fintech Hub is positioned to serve as a sandbox testing ground for new financial models, as well as a platform connecting banks, investors, and businesses, helping Vietnamese enterprises access international capital markets.
Speaking at the event, Ho Chi Minh City’s Deputy Chairman of the People’s Committee, Nguyen Cong Vinh, emphasized that the Fintech Hub represents a concrete step toward advancing technology-, data-, and innovation-driven financial development. He also reaffirmed the city’s commitment to building a transparent international financial environment that enables Vietnamese businesses to confidently expand their reach. This vision was reflected in the technology exhibition area, where digital financial solutions were demonstrated live, offering a clearer picture of a modern finance-technology ecosystem.
At the Fintech Hub’s exhibition area, FPT and IBM were present with a dedicated technology booth, showcasing digital transformation solutions for the finance and banking sector, reflecting their role as technology partners to HDBank in particular and the broader Sovico ecosystem at large. FPT presented the Made by FPT ecosystem – a comprehensive suite of technology solutions built for financial institutions, powered by automation, artificial intelligence, and data analytics, including:
- Volar: A process automation solution that reduces manual workloads and improves operational efficiency.
- Votum: A data analytics solution supporting real-time data-driven decision-making.
- Velox: A business operations and customer interaction platform that optimizes the digital service experience journey.
Over recent years, the partnership between FPT and Sovico has continued to grow stronger. With nearly four decades of development and investment in core technologies, FPT will work alongside Sovico to advance digital banking and intelligent finance strategies, enhancing operational capabilities and service innovation in the sector. FPT’s presence at the event also underscores its commitment to supporting Ho Chi Minh City in building and developing a finance-technology ecosystem, aimed at becoming an international financial hub in the region.
The launch of the Fintech Hub, with the backing of pioneering companies like FPT and IBM, demonstrates Ho Chi Minh City’s determination to create a modern finance-technology ecosystem – one where innovation and technology serve as engines of growth while strengthening the connection between Vietnam’s domestic financial ecosystem and international markets, supporting the city’s ongoing development as a financial center going forward.
