FPT and EDC announce partnership to enhance strategic cooperation between Canada and Vietnam

FPT and Export Development Canada (EDC) recently signed an MoU under EDC’s Market Leaders Partnership program to advance trade relations and cooperation in key sectors, including information and communications technology (ICT), healthcare, retails, and financial services while promoting environmental, social, and governance (ESG) practices. This collaboration also aligns with FPT’s commitment to fostering sustainable growth and innovation while further strengthening the ties between Canada and Vietnam.

Under the MOU, FPT will leverage its expertise and extensive network in Vietnam to support Canadian companies by facilitating their market entry, providing strategic connections, and exploring co-investment opportunities. FPT will assist a minimum of 20 Canadian companies in engaging with its subsidiaries over the next three years.

EDC will offer FPT access to Canadian exporter and investor networks, innovative financing solutions and help facilitate business engagements with Canadian companies. EDC will also engage in knowledge sharing of ESG best practices to support FPT’s sustainability efforts.

“Through the partnership with EDC, FPT aims to connect Canadian businesses with the Vietnamese market. Leveraging our capabilities and deep understanding in the technology sector, we believe we can support the market expansion ambitions of Canadian businesses. This collaboration aligns with FPT’s commitment to fostering sustainable development and innovation while strengthening the relationship between Canada and Vietnam,” shared Nguyen Lam Phuong, CEO of FPT Canada.

The partnership with FPT is part of EDC’s Indo-Pacific strategy, aimed at helping Canadian businesses enhance their international presence and access potential markets like Vietnam.

EDC plans to open its first representative office in Vietnam by the end of November. The memorandum of understanding is a result of the cooperative relationship between EDC and FPT since 2023, focusing on areas where Canadian businesses can contribute expertise, especially in software, system integration, and energy optimization for FPT’s expanding data centers.

According to Mr. Todd Winterhalt, Senior Vice President, International Markets, and Chief Communications and Corporate Affairs Officer at EDC, FPT is a market leader with deep expertise in various fields and an extensive network of partners. This allows FPT to create positive impacts for Canadian exporters and investors as well as the overall trade ecosystem.

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global.

FPT has developed an ecosystem of services, products, solutions, and Made-by-FPT platforms that help organizations and businesses grow sustainably and offer differentiated customer experiences. In 2023, FPT reported total revenue of 2.17 billion USD and employed over 48,000 people. The group aims for 5 billion USD in IT service revenue from international markets by 2030.

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