Vietnamese IT giant FPT Corporation has been selected by Myanmar to implement a 11.3 million USD project that is part of a programme to modernise the nation’s public finance system.
Staff of FPT Myanmar pose for a photo (Source: FPT)
Hanoi (VNA) - Vietnamese IT giant FPTCorporation has been selected by Myanmar to implement a 11.3 million USDproject that is part of a programme to modernise the nation’s public financesystem.
FPT beat 12 competitors from China, India, Singapore,Malaysia and Myanmar to bag the biggest IT project of the Myanmar governmentthus far.
The project is also the biggest World Bank funded IT projectin the country, FPT officials said.
FPT’s success in a highly competitive market reflects therising capabilities and recognition of Vietnamese IT companies. It opens thedoor for the company to future co-operation projects in public finance.
The project will be implemented by two FPT members, FPTInformation System and FPT Myanmar.
The Vietnamese firm will be in charge of supply,installation and commissioning of pre-fabricated data center facilities in NayPyi Taw and Yangon for Myanmar’s Ministry of Planning and Finance.
FPT Myanmar chairman Duong Dung Trieu said: “FPT understandsthe importance of applying experiences gained from successful implementation inVietnam to help customers in other developing countries address their similarproblems. In fact, a number of million dollar projects in Bangladesh andMyanmar are being undertaken and successfully carried out by us.
“Winning this contract once again proves that FPT’sglobalisation strategy for developing markets is on the right track. We aredetermined that all FPT members will have a presence in Myanmar by 2020 so thatall made-by-FPT solutions can be used by our Myanmar customers.”
Earlier, FPT had implemented several of key projects inMyanmar, including the national financial switching system for Myanmar PaymentUnion, the National Portal, and the ERP system for United Paints Group, aleading paint manufacturer in the country.
FPT is also the first foreign firm licensed to operate inthe Network Facilities Service segment in Myanmar. The latest contract firmlyestablishes FPT Myanmar as a leading IT enterprise in the country.
Myanmar, with a population of more than 54 million people,and a policy of pursuing robust economic integration, is ranked second in thetop developing markets for FPT, next to Bangladesh.-VNA
FPT Japan is Vietnam's first company to earn 100 million USD from the Japanese market in the first 10 months of this year, according to FPT corporation.
The paucity of skilled IT (information technology) workers in the country was highlighted on February 13 as the FPT Corporation opened its second software village, F-Ville 2, in Hanoi.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Staff of FPT Myanmar pose for a photo (Source: FPT) 
