Vietnamese Enterprises on their Journey to Establish Digital Production Methods
Ranked among the top 20 biggest private enterprises in Vietnam, for over decades old, FPT has pioneered new production methods leveraging Technology and Digital data. The company has developed an ecosystem of over 200 digital transformation solutions, incorporated with the latest technological advancements to address diverse operational, business, and management demands for enterprises.
Dignified as a trailblazer in Vietnam’s technology sector and its ability to define specific production methods. Not only has FPT achieved significant milestones in brand value and revenue growth by digitally transforming its operations, but also provided tools, applications, and platforms powered by artificial intelligence (AI) and other advanced technologies to drive the nation’s digital transformation. This effort contributes to a comprehensive evolution in production methods within the digital age across Vietnam.
Establishing a production method is of inevitable significance
In the article “Digital transformation – important motivation for developing productive forces, prefercting production relations, taking the country into a new era”, the first time ever General Secretary To Lam highlighted the need to establish “digital production methods”, in which it was described as a harmonious integration of humans and AI, with data serving as both a resource and a vital means of production; at the same time, relations of production have also undergone profound changes, particularly in the forms of ownership and distribution of digital means of production.
Dr. Nguyen Quan, former Minister of the Ministry of Science and Technology and Chairman of the Vietnam Automation Association, remarked recently in the Automation Today Magazine that General Secretary To Lam’s vision addresses an underexplored area regarding the establishment of digital production methods; that , “Digital transformation is not merely about applying digital technologies to socio-economic activities; it is the creation of a new, advanced, and modern production paradigm—digital production methods.”
The call to establish digital production methods reflects an inevitable trend and signifies fundamental changes in how businesses and economies operate in the digital age. This is a key element that aligns with the current technological development, emphasizing three key pillars: the synergy between humans and AI, the strategic role of data as a resource, and transformation in production relations.
Amid this theoretical framework, many raise similar confusions, has Vietnam fully embraced digital production methods? How can the country accelerate their adoption of digital production methods to spark a nationwide digital revolution?
As a leader in establishing digital production methods, Chairman of the Board of Directors, Mr. Truong Gia Binh shared that years ago, the company launched its Digital Conglomerate 5.0 (DC5) strategy, aiming to convert the corporation that leverages technology for human well-being. FPT has prioritized data-driven solutions to best serve its diverse customer base, including government entities, enterprises, and individual consumers.
Importantly, FPT also emphasizes continuous workforce training. As a tradition from many years ago, all FPT employees were required to study digital technology and transformation, nowadays, all the employees are being trained to utilize AI skills.
At a higher level, FPT has fostered partnerships with leading global organizations of machine learning, including Mila, Landing AI, and Nvidia. The company has also established joint research labs with academic institutions like the National University of Singapore, ensuring continuous innovation.
“Each quarter, we re-evaluate how many new digital tools developed, especially digital productions. We measure how data applications have enhanced revenue and workforce productivity. Our previous goal was to consistently accomplish 3 milestones, now we must complete 10 or at least 4 to increase productivity annually. FPT University offers training in cutting-edge technology subjects that are trending, such as semiconductors, artificial intelligence, and digital automotive technology…,” as stated by Mr. Binh, Chairman of the Board of Directors of FPT
Mr. Binh emphasized that the most critical factor in transforming production methods is the promotion of the productive forces. This is where FPT holds significant advantages. “We are fortunate to have a strong educational system alongside, applying all the latest technologies for younger generations. Our curriculum includes teaching multiple languages such as Japanese, Korean, German, and French. Another crucial point is that we are in sync with global trends. We frequently collaborate with companies like Google, Microsoft, and Amazon, to discuss mutual ideation and share our knowledge, technology with each other,” Mr. Binh proudly stated.
A key competitive advantage for FPT in the current digital transformation era is its pioneering role in developing digital products powered by artificial intelligence (AI). Mr. Binh proudly expressed that one of FPT’s most widely embraced and cherished innovations—the FPT platform.
AI serves tens of millions of users and over 100 major enterprises across 15 countries, helping businesses increase operational efficiency by up to 67% and reduce 40% of the cost. FPT’s AI platform has also been recognized as the “Smartest Virtual Assistant” by Software Reviews. Additionally, the CodeVISTA tool, an AI-powered programming assistant, enables FPT developers to automate 30% of the coding process.
Contributing to the Establishment of Digital Production Methods for Public and Private Organizations
Digital production methods have fundamentally transformed business and production activities, playing a vital role in advancing our science and technology sector toward a brighter future. To function the digital revolution, the pivotal role lies with digital technology enterprises. By establishing new production methods, information technology companies have also driven the digital transformation revolution across governments, communities, and businesses.
Mr. Truong Gia Binh remarked, “For a long time, we have spoken extensively about technology, but if pure technological discussions are often understood only by those in the field, digital transformation will progress very slowly. Therefore, when General Secretary To Lam used terms like revolution, means of production, productive forces, and relations of productions, it demonstrated a profound perspective, resonated a powerful impact on society, compelling everyone to take action.”
To influence society and drive collective change in the digital transformation journey, the role of domestic information technology enterprises is particularly crucial in reshaping production methods in the digital era. Through outstanding technological solutions and products tailored to customers demands, technology enterprises have spearheaded a significant national digital transformation revolution.
Contributing to the Establishment of Digital Production Methods for Public and Private Organizations
Digital production methods have fundamentally transformed business and production activities, playing a vital role in advancing our science and technology sector toward a brighter future. To function the digital revolution, the pivotal role lies with digital technology enterprises. By establishing new production methods, information technology companies have also driven the digital transformation revolution across governments, communities, and businesses.
Mr. Truong Gia Binh remarked, “For a long time, we have spoken extensively about technology, but if pure technological discussions are often understood only by those in the field, digital transformation will progress very slowly. Therefore, when General Secretary To Lam used terms like revolution, means of production, productive forces, and relations of productions, it demonstrated a profound perspective, resonated a powerful impact on society, compelling everyone to take action.”
To influence society and drive collective change in the digital transformation journey, the role of domestic information technology enterprises is particularly crucial in reshaping production methods in the digital era. Through outstanding technological solutions and products tailored to customers demands, technology enterprises have spearheaded a significant national digital transformation revolution.
Mr. Truong Gia Binh – Chairman of the Board of Directors of FPT
In the journey to build a digital nation, FPT collaborates closely with the government and provincial leaders to advance the development of a Digital Government, Digital Economy, and Digital Society, with the purpose to spread happiness to every leader, organization, and citizen. In 2021, FPT established a digital transformation consulting company with the ambition of delivering a digital transformation ecosystem, with roadmap consultation, implementation, and digital solutions.
FPT has launched numerous programs and activities to shift the awareness of digital transformation among thousands of leaders, key officials, and youth across organizations, provinces, and cities; aiming to inspire a vision of a prosperous nation driven by technological innovation. Capitalizing on the power of data, FPT has developed platforms, solutions, products, and services that enable organizational and provincial leaders to make real-time, data-driven decisions, enhancing governance capacity, improving public service delivery, and accelerating the transformation towards Digital Government and Administration.
One of FPT’s renowned contributions to the development of a digital economy and society is its FPT.IDCheck solution for chip-based ID card data verification. This solution was launched in the context of the Prime Minister’s approval of the project “ Scheme for Application of population data, e-identification and e-authentication to national digital transformation in 2022 – 2025 period, with a vision by 2030”. FPT.IDCheck addresses identity verification challenges across various sectors, including finance and banking, insurance, and e-commerce…It has also accompanied banks in implementing Decision No. 2345/QĐ-NHNN and collaborated with educational institutions to deploy Model 21 under Project 06.
Currently, FPT is one of the first private enterprises in Vietnam to satisfy the technology and security standards required by the Ministry of Public Security approved to provide chip-based ID identity verification services. Within one year of its implementation, FPT.IDCheck processed over 1 million chip card verifications, more than 20 million face-matching instances, and has earned the trust of over 50 financial institutions as clients.
FPT’s high-utility platforms, software, and solutions, developed under its Vietnamese brand, have progressively transformed operations and management processes, enhance productivity, and foster business growth for thousands of enterprises worldwide.
FPT has co-created with thousands of businesses in their digital transformation journeys. For instance, the company has revolutionized the traditional production and management models of Rang Dong Factory, enabling its leaders to adopt smart production systems and transform fully into a digital enterprise. This transition enhanced workforce productivity, increased automation levels, improved real-time operational capabilities, and shortened the time-to-market for new products.
Similarly, during the COVID-19 pandemic, Boston Pharma co created with FPT to address the surging demand for pharmaceuticals while overcoming the challenge of ensuring a thorough supply for the customers. As a result, together, they built a centralized management platform that improved workforce productivity by 50% and digitized sales channels, attracting 100,000 app visits per month.
“FPT Corporation is fully equipped to meet business needs, from consulting and planning to implementation: offering a Digital Transformation Ecosystem “made by FPT” powered by over 200 solutions developed using the latest technologies, catering to all operational, business, and management requirements. With a workforce of 60,000 employees across 29 countries, including more than 30,000 technology experts and thousands of domain specialists, our team is committed to turning digital transformation aspirations into reality,” said Mr. Truong Gia Binh, Chairman of the Board of Directors of FPT.
