FPT Chairman: Vietnam has potential in Digital - Green - AI

At the Conference on deploying the task of developing the stock market in 2024, FPT Chairman Truong Gia Binh expressed his gratitude to the Government, the Ministry of Finance, and the State Securities Commission for giving FPT 100 days to "rescue" the HOSE order congestion, bringing a new perspective on FPT. Since that day, FPT shares have continuously grown.

Thanks to the Party and State for the success of the bamboo diplomacy policy. Only Vietnam has the highest diplomatic relations with China, Russia, the US, Japan, and India. And perhaps only Vietnam has free trade, priority, and incentives. That is a great opportunity for the domestic and foreign business community to cooperate and work.

"Those 100 days of rescue brought a new perspective on FPT, and since then, FPT shares have continuously grown," said Mr. Truong Gia Binh. Photo: VGP/Nhat Bac

In the context of Vietnam's position, the stock market has done very well for many years but is not worthy of its position. Vietnam's stock market must rise to a new level, equivalent to all stock markets of major market economies. What the major stock markets have and operate, the Vietnamese stock market must also be able to do, such as buying first, selling later, clearing and settlement... Whatever the stock markets have the capacity, the Vietnamese stock market must have that capacity.

We have to upgrade our market to emerging market.

What can technology do? Technology has 3 big words: DGI. D is Digital. In Thailand, the Ministry of Finance has a very good grasp of which companies invest in which companies, with such a transparent ownership relationship, many things will develop. We have data on this, we will build.

Project 06 has too much data, how can our D be transparent and on par with all other countries?

G is Green. The world is entering a phase where if we don't do it, we can't export it, if we don't report it, we can't export it, if we don't do carbon accounting, we'll be taxed. We understand that green transformation and digital transformation are a perfect pair. If we can do it, we will have green capital, green bonds, green finance, and that is a huge source for our economy to develop and also for Vietnam to integrate with the world.

The last word is important I (artificial intelligence). It is the future, AI has a huge impact on the economy and on stocks. Nasdaq has been using AI to detect fraud since 2016; Japan has been using AI to detect unusual transactions on Nikkei since 2018; Thailand has been using AI to detect errors and fraud in financial reports since 2023. We can protect the assets of the State, businesses, and people many times over by fighting fraud.

Vietnam has potential in D, G, I, the problem is whether we can use the country's technological potential to develop the economy.

As a listed company, FPT would like to thank the stock market because thanks to being listed on the market, FPT can easily work with large corporations in the world. FPT promises to bring its efforts as well as the best technology to serve the development of the stock market, the development of the economy and serve businesses in general.

(Original speech of Mr. Truong Gia Binh, Chairman of FPT Board of Directors at the Conference on deploying the task of developing the stock market (TTCK) in 2024, February 28, 2024)