FPT and P3 Group establish joint venture to implement large-scale projects

Through its subsidiaryFPT Software, FPT and P3 Group announced the establishment of a joint venture, P3 Vietnam Ltd, to raise standards in software development.

Based on P3's extensive expertise and FPT's professional resource mobilization and project management capabilities, the joint venture expects to accelerate and effectively promote technological innovation globally for its customers. Specifically, P3 Group will provide the joint venture with in-depth understanding of European market requirements, along with specialized knowledge in industries such as automotive and energy.

FPT and P3 Group establish a joint venture in Vietnam.

"The joint venture will help us enhance our competitiveness while expanding our capabilities and resources, thereby enabling us to support our customers more effectively and accurately throughout their digital transformation journey," said Robert Rendl, CEO of P3 Group. Through the partnership with P3, FPT stated that it will accelerate its global growth while committing to providing cost-effective solutions for large-scale projects with the most demanding requirements. "FPT has established a strong position in the European market. With increased investment in this strategic market, the joint venture with P3 will help us enhance our capabilities, expand our services, and broaden our customer network. As a leading technology company in Vietnam, we believe we can help our customers optimize costs and operational efficiency," said Nguyen Khai Hoan, Deputy General Director of FPT Software. In addition, customers will receive high-end and cost-effective software solutions thanks to the Best-Shore model. This model flexibly combines Onshore (local manufacturing), Nearshore (manufacturing in neighboring countries), and Offshore (manufacturing in foreign markets), helping businesses undertake the most complex projects while continuously customizing to meet the individual and financial needs of customers. Ms. Nguyen Thi Thuy Duong, Director of Revenue at FPT Automotive, FPT Group, will assume the role of CEO of P3 Vietnam, while Mr. Robert Rendl (P3) will hold the position of Chairman of P3 Vietnam. P3 is a multinational technology company specializing in software and consulting, established in 1996 after spinning off from the Fraunhofer Institute for Manufacturing Technology (IPT). With years of experience in industries such as automotive, aerospace, telecommunications, and energy, P3 develops and customizes solutions to best meet customer needs. Source: https://vietnamfinance.vn/fpt-va-p3-group-lap-lien-doanh-trien-khai-cac-du-an-quy-mo-lon-d117734.html