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Vingroup, FPT clinch deal to accelerate green transformation

The Saigon Times

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HCMC – Vingroup JSC (HOSE: VIC) and FPT Corporation (HOSE: FPT) signed a comprehensive agreement to drive green transformation today, April 4.

Under the agreement, both conglomerates will collaborate on developing new projects aimed at delivering societal benefits and value through sustainable initiatives.

“This agreement fosters mutual growth, enabling both parties to leverage each other’s strengths and gain a competitive edge in the international market and ultimately cultivate successful Vietnamese brands that make their mark in the tech and industrial sectors,” said Nguyen Viet Quang, CEO of Vingroup.

“FPT and Vingroup share the same visions for sustainable development and global reach,” replied Nguyen Van Khoa, CEO of FPT Corporation.

The collaboration between the two conglomerates involves Vingroup and its affiliates prioritizing FPT’s technology products and services. In return, FPT will help strengthen Vingroup’s green transformation strategy, especially with regards to VinFast, Vingroup’s electric vehicle brand.

FPT will encourage its employees and subsidiaries to consider using VinFast EVs and other green products from Vingroup. It will also organize test drive programs to raise awareness of the benefits of EVs.

Regarding stock market news today, VIC gained 1.68% to VND48,500 per share, while FPT edged up by 0.71% to VND113,800 at the close, with a respective trading volume of around 5.1 million shares and 1.8 million shares.

The VN-Index lost 4.26 points, or 0.34%, to settle at 1,258.56 points. The southern bourse saw 177 gainers and 275 decliners, with total trading volume reaching 702.3 million shares and value amounting to VND16.8 trillion. Block deals contributed 69 million shares worth VND1.6 trillion to the overall value.

Developer NVL continued to take the lead by liquidity with a trading volume of 38.9 million shares, but it closed down 1.93% to VND17,750.

On the Hanoi Stock Exchange, 56 stocks gained and 101 others dipped, sending the HNX-Index down 1.58 points, or 0.66%, to 238.79 points.

There were 66 million shares valued at VND1.4 trillion being matched on the northern bourse.

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