Two cooperative deals signed during PM Nguyen Xuan Phuc's visit to Japan from May 26 to 28.
FPT signed contracts with Toppan Printing Co. and Tokyo Shoseki on May 26 in Nagoya during Prime Minister Nguyen Xuan Phuc’s visit to Japan from May 26 to 28.
Toppan Printing and FPT will cooperate in software outsourcing and expand their business in Southeast Asia. The cooperation is expected to bring more orders to FPT for software outsourcing from the company, especially in business process outsourcing (BPO), in which there is competition from China and the Philippines.
The contact between FPT and Tokyo Shoseki is focused on digitizing electronic textbooks for Japan and Vietnam. The Ministry of Education in Japan will pass plans this year to digitize all textbooks in primary school and secondary school by 2020. Signing a contract with Tokyo Shoseki gives FPT a major opportunity to secure orders in this regard.
These are two key sectors where FPT wishes to expand in Japan. Gaining a contact with a large Japanese firm like Toppan Printing will help boost Vietnam’s brand in the BPO field.
Over recent years Japan has been the most important market in FPT’s software exports, which contributes 50 per cent of its revenue. In first four months of this year FPT’s revenue in Japan was its highest ever, increasing 59 per cent year-on-year. FPT now has 4,500 engineers working for Japanese partners.
In 2017 FPT expects the Japanese market will earn it revenue of $200 million and create job opportunities for 8,800 employees in Japan and Vietnam.
Toppan Printing was established in 1900 and is a leader in the printing sector but also involved in many others, such as information technology, electronics, healthcare, and furniture. Tokyo Shoseki was founded in 1909 and is the largest Japanese textbook publisher.