HCMC – Vietnam’s FPT Corporation and South Korea’s TOBESOFT have inked a memorandum of understanding to expand low-code and artificial intelligence platforms globally.
The deal will leverage FPT’s international presence to scale TOBESOFT’s Nexacro platform and its upcoming AI-driven low-code system in North America, Southeast Asia and Europe. The firms plan to launch their first joint overseas project this year.
TOBESOFT President Lee Daun said the partnership would speed up application modernization and automation, while Phung Viet Ha, director of FPT Software’s Low-Code Group under FPT Corporation, noted that the collaboration would combine FPT’s reach with TOBESOFT’s technology to support digital transformation worldwide.
The agreement follows the Korea–Vietnam summit in Seoul on August 11, where both countries pledged to increase bilateral trade to US$150 billion by 2030.
Closing the trading session today, September 8, FPT edged down 1.45% to VND101,900, with a trading volume of over 10.6 million shares.
Vietnam’s benchmark VN-Index plunged 42.44 points, or 2.55%, to 1,624.53 points on Monday, with 56 gainers and 285 decliners on the Hochiminh Stock Exchange.
Trading volume reached over 1.9 billion shares worth VND53.17 trillion, up 12.4% in volume and 8.9% in value from the previous session. Block deals accounted for more than 86.2 million shares valued at VND2.76 trillion.
The VN30-Index lost 38.26 points, or 2.07%, to 1,807.22 points. Only steelmaker HPG closed higher, up 0.3%, while 26 bluechips fell. HPG was the most actively traded stock on the market with over 141.7 million shares changing hands.
Banks led the losses, with VPB closing at the floor price of VND31,200 and TPB down 6.07% to VND19,350.
Securities and mid- and small-cap stocks also slid sharply, with many stocks such as HAG, VIX, CII, and VSC all plummeting to their floor prices.
Bank stocks had the biggest impact on the market, with VPB and VCB taking away nearly 8.5 points from the VN-Index. SHB was the most actively traded financial stock, down 4.2% with more than 124.5 million shares changing hands. SSI, VND, MBB, and VPB also posted large volumes of 58 million to 72 million shares.
Other sectors, including energy, real estate, consumer, and technology, also declined.
On the Hanoi Stock Exchange, the HNX-Index lost 9.1 points, or 3.24%, to 271.57 points, with 35 advancers and 143 decliners. Trading volume was over 176.5 million shares valued at VND4.02 trillion.
