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Tuesday, October 8, 2024

FPT opens second office in Germany

The Saigon Times

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HCMC – FPT Corporation (HOSE: FPT) has opened a second office in Germany as part of its strategy to expand its client base in Europe.

The new office is located at the Nuremberg Business Tower in Bavaria. FPT expects this location to facilitate partnerships with major companies, including Volkswagen, BMW, ZF and Daimler.

The new office will focus on FPT’s strengths in IoT applications, cloud data services, digital twins, AUTOSAR, and embedded software. It is expected to become an innovation hub for the company in Europe.

“Europe is a crucial pillar in our global expansion strategy,” said Tran Van Dung, CEO of FPT Software Europe, at the opening ceremony. He added that FPT aims to align with regional developments in AI, smart mobility, and green transformation, while offering tailored technology solutions to meet clients’ specific business needs.

Closing the trading session today, September 25, FPT edged up by 0.22% to VND134,800 per share, with nearly 4.5 million shares traded.

The VN-Index added 10.49 points, or 0.82%, to close at 1,287.48 points on Wednesday, driven by the strong performance of the banking and securities sectors.

The Hochiminh Stock Exchange saw 276 winners and 127 losers. Trading volume and value rose by 21.4% and 27.2% over the session earlier, respectively. There were nearly one billion shares worth VND22.8 trillion changing hands. Block deals accounted for about 88.8 million shares valued at VND2.2 trillion.

With 23 bluechips rising and seven others dipping, the VN30-index, which tracks the 30 largest-cap stocks, outperformed the broader market, gaining 13.2 points, or 0.99%, to 1,344.07 points.

Bank stocks provided significant support to the market. VCB added 2.2 points to the benchmark VN-Index, ending 1.75% higher to VND92,800 per share.

MSB posted the biggest gain in the sector, up by nearly 3% to VND25,750, with 22.35 million shares traded. Meanwhile, VPB saw strong trading with 46 million shares changing hands, the highest volume on the southern market, rising 1.3% to VND19,450.

The securities sector also performed well. VIX climbed 5.3% to VND12,000, with nearly 40 million shares traded. SSI and VCI closed up 3.2%.

On the Hanoi Stock Exchange, the HNX-Index improved 0.65%, adding 1.52 points to close at 235.84 points, with 92 gainers and 61 decliners. Total trading volume on the northern market reached 71.6 million shares worth VND1.38 trillion.

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