FPT Software as the prime destination for IT business innovation
Why Vietnam
The Prime Destination For Business Innovations
“Vietnam holds the record for outperforming expectations on innovation relative to economic development for 12 consecutive years”
- 2022
“The prospects for the economic growth for Vietnam appear bright, with the expansion at a rate of 7.2%.”
- 2023
"Ranked 6th in the 2021 Global Service Location Index – a measure of offshoring destinations’ attractiveness."
- 2021
“Vietnam’s digital economy hits $23B in 2022 and is on course for ~$50B by 2025 - the region’s fastest growing market."
- 2022
Highlights
High Skilled Workforce
High Skilled Workforce
• Young demographics with a median age of 32.5
• Among top nations with the most IT graduates – 57,000 annually
• 480,000+ total outsource software engineers & IT developers.
• Low turnover rate at 11.9% compared to India (20.3%) & China (18.8%)
• Ranked 7th in the English proficiency index out of 24 Asian countries
• Among top nations with the most IT graduates – 57,000 annually
• 480,000+ total outsource software engineers & IT developers.
• Low turnover rate at 11.9% compared to India (20.3%) & China (18.8%)
• Ranked 7th in the English proficiency index out of 24 Asian countries
Booming Telecoms & IT Sectors
Booming Telecoms & IT Sectors
• Internet penetration: 86%
• #2 fastest growing digital economy worldwide (2022), expected to be #1 in 2024
• Software and IT service revenue hit US$9 billion annually
• Vietnam's ICT sector hit US$148 billion in 2022
• #2 fastest growing digital economy worldwide (2022), expected to be #1 in 2024
• Software and IT service revenue hit US$9 billion annually
• Vietnam's ICT sector hit US$148 billion in 2022
Stable Politics & Economy
Stable Politics & Economy
• Total FDI inflow reached US$438.7 billion as of 2022 – among top 20 most FDI-attracting countries
• Vietnam’s GDP grew 8.02% in 2022 – fastest growth rate in 25 years
• Top 5 key investment destinations for European firms
• #44 in Global Peace Index in 2022. Well-known for its stable political landscape that is among the highest-ranked among SEA nations
• Vietnam’s GDP grew 8.02% in 2022 – fastest growth rate in 25 years
• Top 5 key investment destinations for European firms
• #44 in Global Peace Index in 2022. Well-known for its stable political landscape that is among the highest-ranked among SEA nations
Sustainability Commitment
Sustainability Commitment
• 55th in the SDG Index, higher than India (112th), China (63th), Indonesia (75th) & Philippines (98th)
• Targets to generate 10.5% of electricity from renewables in 2023, increasing to 30.9% by 2030, and 67.5% by 2050
• Targets to generate 10.5% of electricity from renewables in 2023, increasing to 30.9% by 2030, and 67.5% by 2050
FPT Software – Global Technology and IT services provider headquartered in Vietnam.
+
Employees
Countries & Territories
+
Clients
Fortune 500 clients
in revenue (FY2022)
Key Advantages
Speed
• Ability to quickly scale teams up/down in 2-4 weeks.
• Agile management, idea valiation, and Ready-made solutions/ digital frameworks to define digital initiatives quickly.
Scale
• Strong capability to scale up the projects per customers’ needs with 27,000+ software engineers, including the offshore team with professional 1,000+.
• Cost optimization by leveraging lower labor rates in offshore locations while maintaining local presence.
Global Presence
• Optimal mix of high quality near shore, offshore and onsite delivery models. This enables our partners to diversify their sourcing strategy to collaborate across time zones, enable continuous development cycles and improve their bottom line.
Quality
• Globally standardized Quality Management System builds trust among 1000+ customers, including 89 global disruptors and achieved an average Customer Satisfaction Score of 94.67/100.
Compliance
The certified Information Security Management System includes Policies, Procedures and Guidelines to ensure the security of data assets for FPT Software and our customers.
Areas of Expertise
Unique Bestshore Model
United States/Canada
United States/Canada
- Client Relationship Management: Main point of contact with customers to build and maintain strong relationships.
- Consultation: Collaborate closely to gather project requirements and recommend solutions.
- High-Touch Roles: Facilitate effective communication and address any immediate concerns or issues that arise.
Costa Rica / Mexico / Colombia
Costa Rica / Mexico / Colombia
- Strategic Locations: Proximity enables real-time collaboration, reduced travel costs, and easier communication due to minimal time zone differences.
- Cultural Affinity: Strong English skills and cultural alignment
- Skilled Resources: Large talent pool specializing in application/software development, quality assurance, project management, and infrastructure support
Vietnam/ India/ Philipines
Vietnam/ India/ Philipines
- Rapid Scaling: ability to ramp large teams in 2-4 weeks
- Large Resource Pool: 20,000+ software engineers
- Round-the-Cloud Development: leverages time zone differences to work on projects when onsite and nearshore teams are offline.
Success Stories
