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VN to help FPT Slovakia

Update: August, 22/2015 - 09:37
FPT Slovakia. — Photo chungta
HA NOI  (VNS) — The Vietnamese Embassy in Slovakia has pledged to help FPT Slovakia, a subsidiary of Viet Nam's IT giant FPT, expand its operations between 2015 and 2020.

A Memorandum of Understanding to this effect was signed by the Vietnamese Ambassador to the country, Ho Dac Minh Nguyet, and FPT Slovakia Director Olaf Wilhelm Baumann on Wednesday in Slovakia.

The agreement marks the first co-operation deal between the Embassy and an enterprise, as well as the first between the FPT and an overseas Vietnamese representative agency.

Ambassador Nguyet said the Embassy would provide continuous support for FPT Slovakia and other Vietnamese investors in the country in order to enhance the economic co-operation between the two nations.

In 2014, FPT Corp purchased RWE IT Slovakia, a subsidiary of Slovak energy corporation RWE, and set up FPT Slovakia. This is FPT's first Mergers and Acquisitions (M&A) in a foreign market, which is the largest Vietnamese investment project in Slovakia. — VNS

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