Nguyen The Phuong, FPT Corporation's deputy general director in charge of finance, rejects the information on being purchased by US-based Apple Inc. - Photo fptmiennam.net

HA NOI (Biz Hub) — TechInsider on July 17 reported that Apple is acquiring FPT Corporation, but an official from Viet Nam's largest information and communication technology company has denied the report.

"FPT Corp is a long-term partner of Apple, Inc. in Viet Nam. However, the two sides have never discussed the US-based corporation's buying out FPT," Nguyen The Phuong, FPT's deputy general director in charge of finance, told local media on July 18.

The technology news page www.techinsider.net reported that "this is an effort by Apple to cease the third world market as Viet Nam is regarded as a growth hungry market with a strong potential user base for the technology sector."

The article posted on Tech Insider on July 17, reporting that Apple Inc is acquiring FPT Corporation. - Photo danviet.vn

The information released by TechInsider caused shares of FPT to reach its ceiling price in trading on July 18, closing at VND52,500 (US$2.5).

In 2012, FPT set up F.Studio shops, which were modeled on Apple authorised shops throughout the world with staff trained by Apple Inc.

Apple products are very popular in Viet Nam, where young people, who account for 65 per cent of the country's population, often attach importance to IT trademarks.

Revenue from iPhones have tripled during the first half of this fiscal year. — VNS