HCMC – FPT Corporation has entered a strategic partnership with Singapore-based audax Financial Technology to expand digital banking services across Asia Pacific and the Middle East, reported the local media.
The partnership targets US$100 million in combined revenue over the next three years. FPT will become audax’s largest regional partner in Asia Pacific, providing development, testing, deployment, and long-term operational support.
The firms will offer digital banking platforms aimed at helping financial institutions modernize systems and adopt new models such as Banking-as-a-Service.
The Asia Pacific digital banking market is projected to reach US$360 billion by 2030, up 110% from current levels, while the Middle East market is expected to grow 58% to US$2.6 billion, the companies said, citing market forecasts.
FPT began working with audax in 2023, supporting product development and market rollout in Asia. The partnership has since evolved into a long-term strategic alliance.
Closing the trading session today, July 3, FPT edged down 0.51% to VND118,000, with a trading volume of 6.3 million shares.
The benchmark VN-Index dropped slightly on Thursday, weighed down by selling pressure in export-related and industrial park stocks, despite a surge in overall market liquidity.
The VN-Index fell 2.63 points, or 0.19%, to close at 1,381.96 points, with 146 winners and 168 losers.
Trading volume surged more than 50% from the previous session to nearly 1.41 billion shares, while trading value climbed 47% to VND33.04 trillion. Of the total, block deals accounted for 93 million shares worth VND2.64 trillion.
A sharp sell-off hit export-focused and industrial park shares, creating a stark contrast with the otherwise flat performance of the large-cap stocks. The textile and seafood industries were among the hardest hit.
Several stocks such as ANV, SZC, LHG, SIP and BCM hit the floor during the session before paring losses by the close. BCM ended down 2.6%, ANV fell 4%, SZC dropped 5%, while LHG and SIP both declined over 6%.
Brokerage stock VIX continued its rally from the previous session, gaining 3.7% to VND14,150. It saw a record matching volume of 125.4 million shares, surpassing the previous day’s all-time high of nearly 121 million. It was the most actively traded stock on the southern exchange.
Meanwhile, on the Hanoi Stock Exchange, the HNX-Index reversed gains in the afternoon and closed lower. The index dropped 0.69 point, or 0.30%, to 230.93 points, with 63 advancers and 81 decliners. Trading volume reached nearly 138 million shares worth VND2.58 trillion.
