“FPT and FCC Partners Join Forces to Establish the Vietnam Semiconductor Industry Development Investment Fund”

On August 8, FCC Partners Inc. (FCCP) – a leading financial consulting firm in Taiwan – and FPT, a global technology group, signed a Memorandum of Understanding (MoU) to enhance investment, commercialization, and comprehensive development in advanced technology between the two parties. The collaboration aims to contribute to the advancement of high-tech industries and semiconductor manufacturing in both Taiwan and Vietnam.

Attending the event were Mr. CY Huang, Chairman of FCC Partners, Mr. Truong Gia Binh, Chairman of the Board of Directors of FPT, and representatives from both organizations.

As per the cooperation agreement, the two parties will work closely to establish the Vietnam Semiconductor Industry Development Investment Fund. This fund will focus on developing human resources, attracting foreign investment in the semiconductor industry, supporting startups, and promoting innovation to boost the growth of Vietnam’s semiconductor sector.

Additionally, FCC Partners will introduce potential partners and clients, supporting the growth of FPT Software in Taiwan. They will also facilitate connections between FPT Education and Taiwanese universities, creating opportunities for collaboration in education and talent development for both parties.

Mr. CY Huang, Chairman of FCC Partners, shared his enthusiasm for the collaboration, stating that it marks a significant turning point in their Vietnam development strategy. He highlighted the potential for cooperation in various fields, including investment funds, semiconductors, software, education, and green transformation.

“Taiwan has a strong presence in technology, particularly in semiconductors and artificial intelligence. The collaboration between Vietnam and Taiwan will bring significant benefits to both sides,” said Mr. CY Huang. “With FPT’s extensive experience in technology and FCC Partners’ expertise, we will create sustainable value, bringing practical benefits to both businesses and the regional business community. We are very optimistic about the upcoming successes and believe that this cooperation will contribute to enhancing the position of Vietnam’s high-tech and semiconductor industry.”

Mr. Truong Gia Binh emphasized the global demand for chips and the urgency for Vietnam and Taiwan to swiftly join the global semiconductor chain. He highlighted the need for breakthrough strategies and collaborations with partners like FCC Partners to seize the opportunities in this industry.

“Vietnam has many advantages in entering this industry, particularly in terms of human resources, which is the aspect that foreign partners value the most,” said Mr. Truong Gia Binh. “By adequately preparing our human capital, we will immediately gain the trust of partners, attract investments, and develop the semiconductor production and supply chain.”

Mr. Truong Gia Binh proposed that the two parties discuss establishing research facilities in major cities like Hanoi, Danang, and Ho Chi Minh City following this cooperation. He expressed his hope that FCC Partners would attract investors to Vietnam to expedite talent training. Well-trained Vietnamese professionals could then work for companies like FPT or others, in Vietnam, Taiwan, Japan, the US, or anywhere in the world.

This collaboration marks an important milestone in the relationship between FCC Partners Inc. and the FPT Group, opening new avenues for cooperation and positively contributing to the development of advanced technology in Vietnam.

FCC Partners Inc., in Taiwan, boasts a team of experienced financial and banking industry experts. They offer a range of services, including international M&A consulting, investment fund management, capital raising, and securities listing advisory. Their client base spans Taiwan, Southeast Asia, and Northeast Asia, serving diverse industries such as high-tech, green energy, infrastructure, finance, and new economic fields.

Mr. CY Huang, Chairman of FCC Partners, is a well-known entrepreneur who has made significant contributions to Vietnam. As the founding chairman of the Southeast Asia Influence Alliance (SIA), he has played a pivotal role in promoting investment and connecting Vietnamese and Taiwanese businesses.

The FPT Group is a leading technology corporation in Vietnam, specializing in software, digital transformation, telecommunications, and education. FPT is the largest technology and IT services provider in the region, ranked among the Top 50 IT Services Companies in Asia by Gartner. With a presence in 30 countries and a market capitalization exceeding $7 billion as of June 2024, FPT continues to expand globally, driven by the unwavering dedication of its employees. The group is committed to creating long-term, sustainable value for all stakeholders, contributing to Vietnam’s economic growth, and staying at the forefront of emerging market opportunities and technological trends.