A store of FPT Corporation. (Photo: trangcongnghe.com)
Hanoi (VNA)♔ - FPT Corporation has reportedly sold its distribution businessFPT Trading to US-headquartered Synnex Corp, retail sources told zing.vn.
Thenews website reported that the US company is finalising the acquisition of FPTTrading, but provided no other details on its stockholding. FPTCorp’s representative neither confirmed nor denied the information whencontacted by Viet Nam News, saying it would announce the information at aproper time. On itswebsite, Synnex announced the acquisition of some companies in the NorthAmerican and Latin American markets in June. Synnexis a Fortune 500 corporation and a leading business process services company,providing a range of distribution, logistics and integration services for thetechnology industry. FPTTrading contributed about 30-45 percent of total revenues of FPT Corporation inthe past. The company is one of the top three biggest distributors of mobilephones, computers, tablets and accessories in Vietnam, together with Digiworldand Petrosetco. They import products and distribute to retailers such as FPTShop, Mobile World, Tran Anh, Nguyen Kim across the country. In its2015 annual report, FPT Trading said it accounted for 21.4 percent of the mobilephone market share and 27.4 percent of the market share of other devices. However,the big Vietnamese distributors have faced difficulties in recent years asgiant foreign mobile producers, such as Apple and Samsung, have appointed theirown distributors. FPTTrading revenues declined 28 percent to 12.5 trillion VND (551 million USD) in2016, and its profit was down 48 percent year-on-year to 284 billion VND,accounting for just 9 percent of total profits of FPT Corporation in 2016. Its2017 first-quarter profit also plummeted 40 percent to just 56 billion VND.However, some securities companies have forecast the company’s business wouldrecover towards the end of this year as the segment of technology devices hasexperienced a slight uptick. At theFPT Corp’s annual shareholders’ meeting in March last year, shareholders urgedthe company to divest from retail and focus on technology andtelecommunications strengths.-VNA
FPT Corporation, a Vietnamese IT company, and French enterprises are hoped to sign cooperation deals, especially in information and technology service supply.
The Hanoi People’s Committee has approved FPT Information System (FIS)’s proposal to develop an intelligent transport system (ITS) to improve traffic flow in the city.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A store of FPT Corporation. (Photo: trangcongnghe.com) 
