FPT partners with VEEP to build a sustainable IoT product ecosystem
On July 22, 2025, FPT announced a strategic partnership with VEEP, a pioneering technology company specializing in AIoT solutions in Vietnam. Leveraging their combined strengths in technology and a shared pool of experts with deep knowledge of green transition challenges, the two companies aim to co-create a comprehensive and internationally standardized sustainable IoT (Internet of Things) solution ecosystem. This collaboration is poised to accelerate Vietnam’s journey toward fulfilling its Net-Zero commitment by 2050.
FPT partners with VEEP to build a sustainable IoT product ecosystem
Under the agreement, FPT and VEEP will collaborate to develop and implement an integrated solution that combines FPT’s VertZéro platform with VEEP’s intelligent energy management platform. FPT will take on the role of consulting partner, providing the VertZéro solution and accompanying services to help businesses conduct greenhouse gas inventories in accordance with international standards. In addition, FPT will offer professional training for VEEP’s team to ensure effective solution deployment, while also facilitating access to FPT’s client ecosystem for businesses seeking energy monitoring and optimization solutions.
On VEEP’s side, the company will supply smart IoT devices and its energy management platform, enabling data collection and connectivity across emission sources within energy systems to integrate with the VertZéro solution. VEEP will also work alongside FPT to expand the customer network and co-launch awareness programs on green transformation across Vietnam and the region.
As the world, and Vietnam in particular moves decisively toward sustainable development, demand for IoT products and solutions is rising rapidly. According to DataHorizzon Research, the global IoT market is projected to surpass USD 3.3 trillion by 2033, growing at an average annual rate of nearly 20%. In Vietnam, the IoT market is also gaining momentum, with a compound annual growth rate (CAGR) of approximately 14.2% during the 2025–2033 period. These figures highlight the immense potential of IoT products, especially sustainable solutions in creating new value for businesses and communities alike.
Mr. Nguyen Bach Viet, Chairman, Founder, and CEO of VEEP, represented the company and shared his remarks at the event.
Speaking at the event, Mr. Nguyễn Bách Việt, Chairman, Founder, and CEO of VEEP, shared: “We believe that technology is the fundamental cornerstone in addressing humanity’s greatest challenges, especially in the race toward achieving Net-Zero emissions. Partnering with FPT – one of Vietnam’s leading technology corporations, not only allows us to combine our strengths in expertise, technology platforms, and customer ecosystems, but also marks a strategic step forward in standardizing and commercializing sustainable AIoT solutions developed by Vietnamese innovators on the global stage.”
Mr. Dang Truong Thach, EVP & Director of Enterprise Sector at FPT IS, FPT Corporation, shared his remarks at the event.
Mr. Dang Truong Thach, EVP & Director of Enterprise Sector at FPT IS, FPT Corporation, stated: “As Vietnam advances its commitment to Net-Zero by 2050 and aligns with the strategic direction outlined in Resolution 57-NQ/TW on the development of the IoT industry, the creation of energy-efficient and environmentally friendly IoT products will play a pivotal role in driving sustainable development. Through this collaboration, FPT is committed to working hand in hand with VEEP to integrate and build a comprehensive ecosystem of sustainable IoT products for businesses. Together, we aim to accelerate Vietnam’s transition toward smart models in urban living, manufacturing, and everyday life – Smart City, Smart Factory, and Smart Living.”
Founded in 2017, VEEP (VIoT Energy Efficiency Platform) is a pioneering Vietnamese technology company specializing in AIoT solutions for energy management, smart cities, and smart factories. The company currently operates across multiple markets, including Southeast Asia, Australia, and several African nations. In 2024, VEEP secured investment from Clime Capital – a fund focused on low-carbon technologies to scale its Lighting-as-a-Service model and expand its intelligent energy ecosystem. This investment is a strong testament to VEEP’s growth potential and credibility across the regional market.
