VNPT co-operates with foreign partners to develop ICT ambitions

VNPT signed an MoU with Fujitsu on co-operation in ICT

On November 9, Vietnam Posts and Telecommunications Group (VNPT) and Fujitsu from Japan signed a Memorandum of Understanding (MoU) on co-operation in the information and communication technologies (ICT) sector.

Accordingly, the two parties will work with each other to develop projects relating to cloud computing, artificial intelligence, as well as supplying services in the IT sector.

“VNPT is trying to become a 4.0 firm, specialising in supplying digital service products. Along our existing IT services, the company is studying and developing other technologies namely AI, Big Data, and blockchain. The company believes that the co-operation with Fujitsu – one of the leading ICT firms from Japan – will help VNPT to easier approach new technologies as well as shorten the time of issuing new products to the market,” said Huynh Quang Liem, deputy general director of VNPT.

Previously, in July 2016 VNPT and US-based Microsoft signed an MoU on strategic co-operation in cloud computing and cyber security.

According to this MoU, Microsoft will help VNPT develop and deliver cloud computing-based services and ensure cyber security. It will also assist in VNPT’s smart city project through the Microsoft CityNext initiative to bring innovation to cities and provinces across Vietnam, including smart health services, smart transportation, smart tourism, and smart e-government.

The two companies will develop annual plans for co-operation and establish a working group to implement the agreed plans.

VNPT’s main business sectors include trading in telecommunications and information technology products and services and multimedia, as well as consulting, designing, installing, operating, and repairing IT facilities.

According to Decision No.2129/2017/QD-TTg of the prime minister, approving VNPT’s restructuring plan in 2018-2020, the group will have to complete equitisation in 2019.

Pham Duc Long, general director of VNPT, stated that the group is trying to complete the evaluation of its land fund as well as other assets by the end of the third quarter of this year and then finalise the firm’s valuation.

According to the plan, the group will conduct the IPO by the end of next year by putting a 35 per cent stake on sale to investors.