HCMC – FPT Corporation (HOSE: FPT) has formed a joint venture with Japan’s Smart Holdings Company to support digital transformation in the country’s manufacturing sector.
The new entity, FPT Smart Technologies Japan Company (FST-Japan), will be headquartered in Nagoya. It will focus on the automotive industry.
FPT holds a 49% stake in the joint venture, while Smart Holdings owns 51%. The partnership aims to meet the rising demand for digital transformation in Japanese manufacturing. This includes trends such as Software-Defined Vehicles (SDVs) and Mobility as a Service (MaaS).
FPT will contribute its expertise in AI and digital engineering. Smart Holdings brings knowledge of the Japanese manufacturing industry and ties with automotive companies.
FST-Japan will initially work with a major automotive company. The company expects to tap about US$20 million in business opportunities over the next five years.
Key priorities for the joint venture include digitizing design drawings and improving solution proposals for manufacturers.
Closing the trading session today, September 3, FPT shares increased 1.57% over the previous session to VND103,200, with over 9.7 million shares changing hands.
Vietnam’s benchmark VN-Index moved sideways on Wednesday, edging down 0.91 point, or 0.05%, to 1,681.3, as banking and real estate giants weighed on the market.
Total trading volume on the Hochiminh Stock Exchange reached 1.31 billion shares valued at VND37.32 trillion, down 14% in volume and 17% in value over the session earlier.
Lender VCB was the biggest drag, with its shares falling 2.33% to VND67,000, taking away more than three points from the main index. Other major banks, including VPB, CTG, and ACB, also saw declines.
VIC dropped 2.57% to VND125,000, while VHM fell 1.72% to VND102,700.
In contrast, small and medium-sized real estate and construction firms made gains, with several stocks hitting their daily upper limits. PDR surged to its ceiling price of VND26,250, with nearly 56 million shares traded.
Steelmaker HPG advanced 2.36% to VND28,150 and took the lead by liquidity with more than 119.1 million shares changing hands.
The HNX-Index of the Hanoi Stock Exchange rose 2.72 points, or 0.97%, to 282.7 points, with 118 winners and 55 losers. Trading volume on the northern bourse reached 121.2 million shares worth VND2.96 trillion.
