FPT Information System Makes Maiden Foray Outside Indochina with Representative Company in Singapore
Update 10/08/2011

FPT Information System Makes Maiden Foray Outside Indochina with Representative Company in Singapore
New office to offer business process outsourcing, enterprise resource planning and infocommunications infrastructure services for SMEs

Singapore, August 11, 2011 - Vietnam's leading IT services provider FPT Information System (FPT IS) today marked a new chapter of growth by opening a company in Singapore.

Known as FPT Information System Singapore, the local branch is the tenth subsidiary under FPT IS, and the first outside the company's established Indochina markets comprising Vietnam, Laos and Cambodia.

The branch has been established at a cost of US$500,000 (about S$610,000) and with an initial headcount of 12. Both the invested capital and staff strength are expected to increase over time as the business expands.

FPT Information System Singapore will offer local customers the full suite of IT services that it currently provides in its head office in Hanoi, including:

  • Business process outsourcing (BPO) services: These include finance, accounting data processing, customer service and other functions
  • Enterprise resource planning (ERP) services: These include system deployment and maintenance for Oracle and SAP platforms
  • Infocommunications infrastructure services: These include systems integration, application development and rollout, network maintenance, data centre managed services and more

Unlike the company's established Indochina markets where customers are typically large public- or private-sector enterprises, FPT IS will offer its services primarily to small- and medium-sized enterprises (SMEs) in Singapore. Targeted verticals include banking and finance, telecommunications, oil and gas as well as public services.

Explaining the company's strategy of targeting SMEs, Mr Tran Tuan Phong, Managing Director of FPT Information System Singapore, said: "SMEs make up the bulk of the local economy, yet they have fewer resources compared to MNCs. By catering the IT needs of local SMEs, we allow them to free up their limited resources and concentrate on growing their core competencies. Thus, we see abundant growth opportunities in catering to the BPO, ERP and infocommunications infrastructure needs of local SMEs."

The establishment of the Singapore office is a major milestone for FPT IS, as it marks the company's expansion outside Indochina where it is an established market leader. The local office is also envisioned to be a springboard for FPT IS to eventually expand into other regional markets including Malaysia and Indonesia.

Mr Duong Dung Trieu, Chief Executive Officer of FPT IS, said: "FPT IS is the leading system integrator, software developer and IT service provider in Indochina with nearly 20 years of operations. Over the years, we have concentrated on growing our business operations and market share primarily in our home markets in Vietnam, Laos and Cambodia. Given the tremendous growth opportunities in the rest of ASEAN, it is an opportune time for us to spread our wings and expand beyond Indochina. Therefore, we have established our Singapore office as a base from which we can further expand into other regional markets in future."

Refer to the Annex for examples of past or present projects by FPT IS.

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About FPT Information System (www.fis.com.vn/en)

FPT Information System is the leading system integrator, software developer and IT service provider in Indochina with nearly twenty year experience in application software, ERP service, IT service, BPO service and system integration. We have more than 2300 employees working in 8 subsidiaries and a joint venture.

FPT IS is targeting at US$15 million revenue from global business in 2014. We have implemented a large number of significant projects for the National Australia Bank, Itochu Group of Japan, Singapore Stock Exchange, Daimler Chrysler Asia-Pacific, and banks and telecommunication service providers in Laos and Cambodia. We are now providing Application Maintenance Services and Build-on-Netweaver for T-System in South East Asia, Hitachi Solution TIS and Fuyu in Singapore and Tyco Global in the United States. Our international standard resources can meet the requirements of clients in the region (e.g. HAS, YGL, ABEAM and Freewill) and in the world (e.g. SAP Consulting, ECT).

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Annex

Past or present projects by FPT IS

  • National Australian Bank (NAB): FPT IS implemented and converted the customer's email system from Lotus Note to Exchange, currently provide 3,500 users at NAB with support services around the clock every day.
  • Singapore Stock Exchange: FPT IS is in charge of converting the customer's email system from Lotus Note to Exchange and supporting more than 900 end-users at the Singapore Stock Exchange.