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Thursday, December 5, 2024

FPT, SDEC sign MOU to boost Sarawak’s digital economy

The Saigon Times

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HCMC – FPT Corporation (HOSE: FPT) and Sarawak Digital Economy Corporation Berhad (SDEC), a state-owned Malaysian organization, have signed a memorandum of understanding (MOU) to accelerate Sarawak’s transition into a regional digital economy hub.

Sarawak, the largest state of Malaysia, is located on the island of Borneo. Under the agreement, FPT will work with SDEC to develop and commercialize digital solutions in areas such as e-government, smart city, healthcare, energy, and cybersecurity. The collaboration aims to enhance Sarawak’s digital infrastructure and improve its competitiveness.

FPT plans to support SDEC by leveraging its expertise to nurture talent and incubate startups. The company will partner with local universities and technical colleges to create training programs and internships, focusing on skills in software development, data analytics, and artificial intelligence.

“With nearly two decades in Malaysia, FPT has established itself as a trusted IT partner,” said Pham Minh Tuan, executive vice president at FPT Corporation. He added that the partnership aims to deliver AI-driven solutions addressing challenges for businesses in Malaysia and Southeast Asia.

The company plans to expand its Malaysian workforce by 300 to 500 people over the next five years and establish a global delivery center in Sarawak to meet rising demand in East Malaysia and Brunei.

Closing the trading session today, FPT edged down by 1.03% to VND143,500 per share, with a matching volume of over 5.6 million shares.

With 109 winners and 281 losers, the VN-Index lost 9.42 points, or 0.75%, to 1,240.41 on Wednesday.

Trading volume on the southern exchange totaled over 575 million shares worth VND13.9 trillion, down by 14.6% in volume and 10.9% in value over the previous session. Block deals contributed 69.8 million shares valued at VND1.98 trillion.

The VN30-Index, which tracks the 30 largest-cap stocks, lost 11.37 points to 1,297.81 points, with 25 bluechips declining and five others advancing.

SAB gained 2.1%, while PLX, VCB, VIB, and ACB rose about 0.5% each. MWG fell the steepest within the VN30 basket, down by 2.8% to VND58,100. Bank stocks BID and CTG were the main drags, which sent the main index down by nearly one point.

Many small and mid-cap stocks made gains. APH, VCA, AGG, and DBT hit their ceiling prices in the morning session. YEG followed suit in the afternoon, rising 6.7% to VND12,750 per share, with 6.22 million shares traded.

VTP climbed by 6.3% to a new high of VND150,900. The stock has rocketed 122% since its April low and 70% in the past month, making it one of the three most expensive stocks on the HOSE.

Energy stocks avoided broader declines, rising less than 0.5%, supported by gains in GAS. The securities sector faced the steepest drop, with VND falling 3.6% to VND13,250 per share on a trading volume of nearly 20.5 million shares. VIX and SSI also declined, shedding by 1.7% and 1%, respectively.

The HNX-Index dipped by 0.67 point, or 0.3%, to end at 224.62 points, with 67 gainers and 92 decliners. Trading volume on the northern market reached 48 million shares worth VND859.3 billion.

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