HCMC – FPT Software Company, an affiliate of FPT Corporation, has entered into a strategic partnership with Meerana Technologies to boost digital transformation in the United Arab Emirates.
The collaboration will enhance FPT Software’s footprint in the UAE and aligns with its broader goal of accelerating digital transformation for clients globally.
The Memorandum of Understanding (MoU) signing ceremony was attended by Mohammad Ali Rashed Lootah, president and CEO of Dubai Chambers, and Nguyen Thanh Diep, Vietnam’s Ambassador to the UAE. Rimah Ghaddar, CEO of FPT Middle East, and Matar Almehairi, CEO of Meerana Technologies, were also present.
Under the agreement, the two companies will integrate FPT Software’s expertise in Artificial Intelligence, semiconductors, and other advanced technologies into Meerana Technologies’ existing products. This partnership is expected to strengthen FPT Software’s presence in the region and address market demands across sectors such as utilities, banking, logistics, and transportation.
Rimah Ghaddar, CEO of FPT Middle East, a subsidiary of FPT Software, said the MoU allows the firm to harness the power of AI, cloud, hyper-automation, IoT, and low-code technologies to create innovative solutions tailored to the evolving needs of UAE clients.
Matar Almehairi emphasized the benefits for the UAE, noting that the agreement provides access to over 3,000 AI experts employed by FPT Software.
“This furnishes us with a unique opportunity to reap the benefits of AI whilst building a diverse network of experts and specialists in the field of artificial intelligence, raising the profile of Dubai as a pioneering regional and international hub for advanced technologies and innovation and a knowledge-based economy,” said Almehairi.
Closing the trading session today, August 21, FPT shares edged up by 1.52% to VND133,500 per share, with a trading volume of over 6.1 million.
The VN-Index maintained its rising momentum, increasing by 0.9%, supported by gains in the banking sector. The market saw 241 advancing stocks, while 174 others declined. The benchmark index added 11.5 points to end at 1,284.05 points.
Trading volume on the southern bourse totaled 836.4 million shares valued at VND20.6 trillion, including 120.6 million shares worth VND2.7 trillion traded in block deals.
The VN30-Index, which tracks the 30 largest-cap stocks, added 12.44 points, or 0.95%, to close at 1,317.69 points, with 23 winners and seven losers.
The banking sector led the gains, with CTG up by 3.01% to VND34,200, BID rising 2.95% to VND50,600, and VCB increasing 2.2% to VND92,800.
These three bank stocks alone contributed nearly 6 points to the main index. NAB posted the highest gain in the sector, advancing by 3.96% to VND17,050. VIB was the only banking stock to fall, down by 0.23%.
Lender VPB was the most actively traded stock on the southern market, with a trading volume of over 33.8 million shares.
The HNX-Index inched up by 1.11 points, or 0.47%, to 238.42 points, with 93 gainers and 67 decliners. There were 62.6 million shares valued at VND1.4 trillion changing hands on the northern market.
