Business

RoK firms want to invest in Vietnam’s digital transformation

Many leading groups and corporations of the Republic of Korea, which operate in banking, finance, electricity, retail sales, and technology, have expressed their interest in cooperation with Vietnamese partners, including FPT Corporation, in the fields of new technologies digital transformation.
RoK firms want to invest in Vietnam’s digital transformation ảnh 1FPT and Shinhan Bank signed MoU in 2018.
(Photo: VNA)

Hanoi (VNA) – Many leading groups and corporations of the Republic ofKorea, which operate in banking, finance, electricity, retail sales, andtechnology, have expressed their interest in cooperation with Vietnamesepartners, including FPT Corporation, in the fields of new technologies digitaltransformation.

The Korean businesses mentioned their intention at a recent meeting between FPTCorporation and 20 leading groups of the East Asian country, during which theydiscussed cooperative opportunities in the Fourth Industrial Revolution.

According to CEO of Shinhan Bank Jin Ok-dong, the bank has invested heavily inthe Vietnamese market, and wishes to partner with local startups in Fintech.

Last year, the bank signed a cooperative deal with FPT to develop informationtechnology measures in the financial sector like digital banks and fintech.

Meanwhile, tech giant Samsung said it wants to carry out digital transformationin semiconductor manufacturing. Other enterprises like KDB Bank, LG Chem and LSCorp also wished to work with FPT in the application of new technologies toimprove business and production.

In 2016, FPT established a representative office in the RoK to seek cooperationwith Korean giants in strategic technology clusters, including smart factory,automobile technology, consumer electronics and multimedia entertainment.

Seeing the RoK as a strategic market, FPT targets business growth in the marketat average 60-80 percent per year. Besides, the corporation wants to enter thetop five providers of information technology outsourcing (ITO) measures in thismarket.-VNA
VNA
#leading groups and corporations #Republic of Korea #Vietnamese partners #FPT Corporation #Korean businesses #Fourth Industrial Revolution #Jin Ok-dong #digital transformation #business growth #Vietnam News Agency #Vietnamplus Korea (RoK)
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