PC1 Group visits and works with FPT on digital transformation orientation
On September 20, PC1 Group, a “big player” in construction and installation of the national electricity transmission works has visited and worked with FPT with the desire to define appropriate approach, seek solutions and companion in digital transformation. FPT Chairman Mr. Truong Gia Binh, FPT IS CEO Mr. Nguyen Hoang Minh and senior consultants of FPT have warmly welcomed and received PC1 Chairman Mr. Trinh Van Tuan and the Board of the Group.
With 59 years of establishment and development, PC1 Group has been affirming its position as a leading company not only in the field of power construction and installation, but also EPC general contractors, industrial production, energy investment, residential real estate, industry and technology investment, and new materials. In 2021, the Group has gained remarkable business results, specifically: output of 15,516 billion VND, revenue of 14,495 billion VND, profit after tax of 639 billion VND. Focusing on the strategy of Renewable energy and Sustainable development, PC1 has set out a strategic vision of digital transformation to allow the Group to leap forward in the next period.
Mr. Trinh Van Tuan – Chairman of PC1 Group – speaks at the meeting with FPT Corporation.
Delivering an opening speech, Mr. Trinh Van Tuan says, “Cooperating with FPT on the journey of digital transformation in the coming future, PC1 expects not only the sharing of knowledge but also appropriate and effective technology solutions to tackle immediate and long-term problems of the Group”.
On behalf of FPT, Chairman Truong Gia Binh expresses his honor to have the opportunity to cooperate with PC1. Mr. Binh discusses the factors that make digital transformation succeed, helping to tackle difficult problems such as doubling/quadrupling revenue without expanding human resources. Digital transformation formulas such as 3H, 3S, 3C in FPT Digital Kaizen methodology, accomplishments of days of FPT’s decent research, have also been presented by Mr. Binh. The methodology has been effectively deployed within the Corporation as well as thousands of Vietnamese and international companies. According to Mr. Binh, the most important thing in the strategy is that it should start from “Heart” (desire to conduct digital transformation), leading to “Head” (thinking about method to conduct digital transformation), and finally “Hand” (action). According to Mr. Nguyen Cuong Manh, Head of PC1’s Digital Transformation Department, great ambition which does not align with actual situation is the reason why 85% of companies have failed in digital transformation.
Mr. Truong Gia Binh – Chairman of FPT Corporation.
The meeting has been held in the form of an open talk session to encourage sharing and discussion, accompanied by FPT’s introduction of priority solutions to PC1 in the initial period. A seminar with the theme of “Expectations and challenges in planning digital transformation roadmap” has taken place enthusiastically with discussion from business leaders of PC1 and FPT, as well as FPT’s senior technology experts. Accordingly, the two sides have identified pain points and expectations in PC1’s digital transformation roadmap, aiming towards the goal of 1 billion USD in revenue and 1 billion USD in market capitalization by 2025, helping the Group continue to affirm its No. 1 position in Vietnam.
According to Mr. Trinh Van Tuan, PC1 has been possessing both knowledge and technology and is not merely a construction company. PC1 has set out a target to achieve superior digital maturity compared to other companies in the industry in the period of 2025-2030. The target is set on the basis of the Group’s current leading position in Vietnam in green energy development, EPC general contractor compliant to international standards, pioneering in developing Made-by-PC1 specialized and automatic digital products such as robot digging submarine cables in the sea, etc.
The meeting is held in the form of an open talk session.
To achieve the target, PC1 needs a partner to help “overcome barriers” regarding process, digital transformation roadmap, assessment of digital transformation efficiency, optimal allocation of digital transformation resources in terms of both quantity and quality, thereby allowing investment and business activities to develop in a proactive and creative way in a decent ecosystem.
Responding to the demands of PC1’s President, Mr. Truong Gia Binh and FPT’s experts have given the orientation to help PC1 “Think Big”, “Start Smart”, and “Scale Fast”. Accordingly, at the meeting, FPT has demonstrated FPT Quickwin suite – the solutions that can quickly respond, quickly deliver results, and create momentum to promote PC1’s activities, such as Consolidated Financial System (FPT.CFS), Paperless office solutions (FPT Paperless Office), Online training system (FPT.eLearning), etc. Besides, FPT IS has also demonstrated solutions that can deliver effective support for PC1’s business activities such as ERP system, MES system, etc. The solutions have been deployed by FPT for many companies both domestically and internationally, and can be customized for operations in the field of construction and installation of the national electricity transmission works, optimizing the value chain of the electricity industry from superstructure to infrastructure.
After the meeting, FPT and PC1 will continue to cooperate on a deeper and wider scale, determined to achieve the set goals of development.
At the end of the meeting, the two sides have jointly worked out a detailed working plan to implement a number of priority solutions to tackle PC1’s immediate problems. In the coming time, FPT and PC1 are expected to cooperate on a deeper and wider scale towards promoting PC1’s production and business activities utilizing FPT’s outstanding technical capabilities and experience, determined to achieve the set goals of development. FPT is more than ready to accompany PC1 in the journey to realize digital transformation strategies.
