HÀ NỘI — The Yongin City Government and Vietnamese technology giant FPT recently held a meeting in Yongin City, South Korea to foster economic cooperation between Vietnamese and South Korean enterprises, particularly in the fields of IT and semiconductors.

Yongin City, a hub of rapid technological development in South Korea that has a number of industrial parks, including one for semiconductor manufacturing, has plans to establish itself as a global chip-making base.

FPT has been operating in South Korea since 2016 and continues to expand its presence with offices in Seoul and Daegu as well as a growing team of technology experts.

In 2024, FPT saw impressive growth in the Korean market, with a revenue increase of over 60 per cent. The company provides technology solutions to prominent companies like LG Electronics, Shinsegae and Shinhan Bank.

FPT's overarching strategy focuses on developing a technology ecosystem around five key pillars: artificial intelligence (AI), semiconductors, digital automotive technology, digital transformation and green transformation.

General director of FPT Nguyễn Văn Khoa highlighted the firm's strategic focus on the semiconductor industry, emphasising their investments in technology, engineering and workforce development. Their partnership with large Korean enterprises and the potential for expanding cooperation, particularly in the semiconductor sector, shows FPT's commitment to boosting the competitiveness of Korean companies globally.

The city's First Deputy Mayor Ryu Gwang-yeol suggested that the meeting holds promise for IT companies in Yongin to explore international markets, including Việt Nam, with support from the local government to gain global recognition.

This indicates an active push for collaboration between Việt Nam and South Korea, particularly in the technology and innovation sectors, with both parties seeking mutual growth and expansion into international markets. — VNS