Vietnamese technology giant FPT on May 4 announced a strategic investment in the "Make in Vietnam" digital platform Base.vn to accelerate digital transformation for 800,000 local firms.
|FPT officially announcing the strategic investment in Base.vn |
FPT has not disclosed the specific figure, but said that the stake acquisition is sufficient to integrate Base.vn into its financial statement.
Pham Kim Hung, director of Base Enterprise, the developer of Base.vn, said Base.vn helps businesses solve three big problems: Management for higher productivity, transparent and efficient information system, and comprehensive business governance and human resources development strategy.
“We plan to develop to solve other big problems for businesses like financial administration, customer administration, and business development on a united platform,” Hung said. “The cooperation with FPT will enable Base.vn to save at least 10 years of development."
Accounting for over 97 per cent of the country’s total number of businesses and contributing 45 per cent to the country’s GDP, small- and medium-sized enterprises (SMEs) are key drivers of the nation's growth. According to Cisco research, digital transformation among SMEs in Vietnam can contribute $24-30 billion to the national GDP in 2024, and significantly contribute to economic recovery in the post-COVID-19 landscape.
Nguyen Van Khoa, general director of FPT, said, “Over the past years, FPT has been partnering with powerful firms in Vietnam and over the world in our digital transformation journey. Our strategy is to build a comprehensive platform for SMEs and the partnership with Base.vn, will enable FPT to realise this goal.”
Established in August 2016, Base.vn is one of the pioneers in the development of a Software-as-a-Service (Saas) business governance platform in Vietnam. Currently, Base.vn has more than 5,000 customers in different sectors, 50 of which are the top ones in Asia.
Meanwhile, founded in 1988, FPT has three core business lines: technology, telecommunications, and education. After 30 years of development, FPT is now present in 26 countries worldwide.