Support for Vietnamese IT business in Slovakia

The Vietnamese Embassy in Slovakia has pledged to help the FPT Slovakia, a subsidiary of Vietnam’s IT giant FPT, in expanding its operation in the 2015-2020 period.

A Memorandum of Understanding to this effect was signed by Vietnamese Ambassador to the country Ho Dac Minh Nguyet and FPT Slovakia Director Olaf Wilhelm Baumann on August 19 in Slovakia.

The agreement marks the first cooperation deal between the Embassy with an enterprise, as well as the first between the FPT with an overseas Vietnamese representative agency.

Ambassador Nguyet said the Embassy will provide continuous support for FPT Slovakia and other Vietnamese investors in the country in order to enhance the economic cooperation between the two nations.

In 2014, FPT Corp purchased RWE IT Slovakia, a subsidiary of Slovak energy corporation RWE and set up the FPT Slovakia. This is FPT’s first Mergers and Acquisitions (M&A) in a foreign market, which is the largest Vietnamese investment project in Slovakia.

FPT Slovakia has more than 300 employees and is aiming to become one of the 20 biggest IT companies in Europe by 2020.

VNA