Global IT firm FPT Corporation (FPT) has formed strategic partnerships with two of Thailand's leading enterprisesSunline and Buzzebeesunderscoring the deepening technological and business collaboration between the two nations amid their shared momentum in digital economic growth. The event took place during the official visit of Thailand's Prime Minister H.E. Paetongtarn Shinawatra - her first official visit to Vietnam since taking office in August 2024.
On the sidelines of the Vietnam-Thailand Business Forum 2025, with both countries' Prime Ministers and delegations in attendance, FPT signed a partnership agreement with Sunline - a global leading core banking solutions and services provider. FPT will support Sunline in system integration competencies across digital banking, digital lending, and core banking, drawing on more than two decades of experience delivering technology services and solutions to global banks, insurers, and financial institutions. FPT will help Sunline scale up the delivery capabilities of its Digital Core Banking Transformation Solution SunCBS to meet increasing market demands, especially as Thailand accelerates its shift toward a virtual banking future. Both sides aim to drive digital transformation for Thai financial institutions to improve customer experience, modernize legacy systems, and achieve operational resilience amid the country's rapidly evolving banking landscape.
Earlier at FPT's headquarters in Hanoi, FPT also signed a strategic partnership agreement with BuzzebeesThailand's leading loyalty and digital engagement platform company. FPT and Buzzebees will deliver comprehensive, consumer-focused digital solutions to facilitate customer data exchange and cross-merchant loyalty programs for businesses, particularly in FMCG, retail, financial, and telecommunications sectors. Both sides will join forces to enhance customer engagement, modernize legacy systems, and boost operational efficiency. The partnership's initial projects are expected to deliver tangible business results to clients within this year.
"Our future is digital, and businesses must embrace innovative solutions to stay ahead. Thailand is a dynamic market where consumers are actively experiencing new initiatives every day. The partnership between FPT and Sunline will empower businesses with enhanced speed, quality, and scalability. Through the strategic partnerships with Sunline and Buzzebees, FPT aims to accelerate digital transformation for more enterprises across various sectors, such as banking, finance, FMCG, retail. Combining FPT's technological expertise with our partners' core competencies, we will empower businesses with enhanced speed, quality, and scalability. This provides a strong foundation for building future-ready, customer-centric business models", said Levi Nguyen, Chief Executive Officer of FPT Thailand and FPT Taiwan, FPT Corporation.
Thailand is among FPT's key markets in the APAC region. The company has established its position as a trusted digital transformation partner for Thailand's leading enterprises particularly in banking and finance, with renowned names like KBTG, SCB, KKP, TTB, Bangkok Bank, and other sectors including insurance, retail, automotive, manufacturing, healthcare, energy and utilities, consumer goods, and aviation. FPT currently boasts hundreds of local employees serving the Thai market, with a plan to double its workforce by 2027.
As part of the Thai Prime Minister's official visit to Vietnam this May, FPT Executive Vice President Pham Minh Tuan participated in a one-on-one meeting with the Prime Minister and Thai government delegation, during which the company reaffirmed its long-term commitment to forging potential tech collaboration across several industries, contributing high-quality technology talent, and providing comprehensive solutions for digital transformation. As a co-founder of the Vietnam-Thailand Chamber of Commerce (VietCham Thailand), FPT also plays an active role in strengthening bilateral cooperation. The company recently worked with the Thailand Board of Investment in Hanoi to promote trade and investment, as well as support Thailand with high-quality technology talents to meet the rising demand for digital transformation.
In the first quarter of 2025, FPT reported robust results, with revenue increasing by 13.9% and profit before tax up 19.4% year-on-year. The technology sector continues to serve as a key growth driver, achieving a 15.3% year-on-year increase, underpinned by a 17% rise in revenue from global IT services.