FPT Announces New Chief Executive Officer for Chinese Subsidiary, Boosting Growth in the Trillion-Dollar Market

15.07.2024 - 09:00:05

Business Wire India

Global technology corporation FPT recently announced the Chief Executive Officer for the Chinese market (FPT China), aiming to intensify the IT firm’s local footprint, business growth, and delivery capability in the world's second-largest economy.

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This move allows FPT China to further offer Chinese enterprises localized digital transformation services, tailored technology solutions, and strategic consulting to navigate the country's unique market dynamics and drive sustainable growth. Leveraging a strong workforce and a comprehensive network of local offices, nearshore development centers, and offshore delivery centers, the company is poised to support clients across diverse sectors in China and other major IT service markets worldwide.

Tuan brings 20 years of growth and operational expertise to FPT China. Before assuming the role, he held various senior positions in FPT Software, a subsidiary of FPT, notably Director of Telecommunication & Public Service and CEO of FPT Dalian. Tuan's strategic acumen and extensive experience championed several projects in the Japanese market, one of the company's key markets.

As the APAC region ramps up AI, semiconductors, and automotive sectors with governments' supportive policies, large-scale research funding, and attractive incentives, China holds an influential, pioneering role in Artificial Intelligence, Automotive, and FinTech solutions and technologies. Tuan's expertise and comprehensive market understanding are expected to accelerate growth for FPT China and affirm FPT's position as a trusted technology partner.

“China is one of the fastest-growing and most dynamic markets for digital technologies, offering fast-paced advancements, competitive cost, enhanced time-to-market, and a large pool of potential customers. The surge in Artificial Intelligence (AI), smart mobility, and green transformation here strongly aligns with FPT's strategic direction,” Tuan said.

Entered China in 2017, FPT has established a solid presence in the market, with offices and delivery centers in strategic locations, including Shanghai, Nanning, Suzhou, and, most recently, Dalian. In the next five years, the IT firm’s primary focuses remain automotive and AI while targeting other domains like finance services and healthcare. It has formed strategic partnerships with major Chinese players in the automotive and semiconductor sectors.

FPT China also plans to expand its local workforce to 3,000 employees in the next three to five years, committing to close collaborations with universities and other educational institutions in China to provide ICT training and career opportunities.

About FPT Corporation

FPT Corporation (FPT) is a globally leading technology company headquartered in Vietnam. FPT operates in three core sectors: Technology, Telecommunications, and Education. During over three decades of development, FPT has constantly provided practical and effective products to millions of people and tens of thousands of business and non-business organizations worldwide, establishing Vietnam’s position on the global tech map. Keeping up with the latest market trends and emerging technologies, FPT has developed the Made-by-FPT ecosystem of services, products, solutions, and platforms, which enables sustainable growth for organizations and businesses and offers distinctive experiences to customers. In 2023, FPT recorded a total revenue of US$2.17 billion and 48,000+ employees. For more information, please visit https://fpt.com.vn/en.