As planned, FPT Group Joint Stock Co (FPT)’s chartered capital will be raised to more than 2.133 trillion dong after the company offering 19,830,986 shares for the swap to take the shares from the shareholders of three subsidiaries namely FPT Software, FTG and FIS. According to the FPT’s internal newsletter, FPT’s director board met and [...]
FPT Board of Management has officially decided to withdraw from an acquisition deal with EVN Telecom. The resolution said it agreed with the proposal to quit the investment project and will shortly take procedures for withdrawing all the capital investment it had deposited to EVN Telecom. EVN Telecom is waiting for the government’s decision. “We [...]
Truong Dinh Anh was recently appointed as new general director of the Corporation for Financing and Promoting Technology (FPT). Viet Nam News talked with him to see his new plans in the new role. Can you tell the readers why FPT decided to change their leader at a time when companies are focused on recovering [...]
The first acquisition in Vietnam’s telecom sector is still ongoing between FPT and EVN Telecom despite rumours that FPT may quit. The two sides last week started negotiations nearly a month after a prime ministerial decision on an equitisation proposal of EVN Telecom, an arm of Electricity of Vietnam (EVN Group), allowed FPT to take [...]
Ending 2010, the information and technology firm, FPT, gained 22.4 trillion dong in revenue, growing 9 percent year-on-year, and 2.12 trillion dong of profit, rising 20 percent y-o-y. In 2011, FPT targets to gain 20.4 percent revenue growth and 24.7 percent profit growth. FPT’s revenue was at low growth due to impacts from macro economy [...]
The purchase of EVNT, the telecom company belonging to the Electricity of Vietnam, by FPT (the Corporation for Financing and Promoting Technology), may be the perfect agreement between the two giants that in turn may lead to a new and bigger giant (Ftel?). However, some experts have warned that it would be not easy for [...]
Two giants in information and technology (IT) sector namely FPT and CMC recently revealed a plan to make merger and acquisition (M&A) deal in coming time. Accordingly, the CMC Technology Group will spend over $20 million for this M&A deal, said Nguyen Trung Chinh, CMC’s general director at a seminar on IT and telecommunications held [...]
FPT Joint Stock Co (coded FPT would sell iPhone 4 in the near future, including the global and lock versions. The company will distribute the Apple products to customers without attached packages as committed previously. Before this, the FPT Shop has already sold iPhone 3GS, 32GB white versions in the market with offered price of [...]
Vietnam’s first telecoms merger and acquisition deal will incur between FPT and EVN Telecom this year. The Financing and Promoting Technology Corporation (FPT) management board agreed on October 30 for the corporation to issue corporate bonds no higher than VND2 trillion ($105.2 million) for the deal this year. Of which, the capital will acquire 44 [...]
The prime minister Nguyen Tan Dung recently approved in principle for EVN Telecom to select domestic strategic investors for its initial public offering (IPO), according to EVN Telecom. Accordingly, FPT JSC and FPT Telecom Co (a subsidiary of FPT) will be strategic investors of EVN Telecom. These two firms will jointly hold 50 percent stake [...]
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
China Business News