This combination is expected to be a strategic piece of the puzzle, helping both sides accelerate innovation, especially in the development and operation of modern trading platforms – from traditional securities to new exchanges.

FPT has just announced its investment in Nam Viet Software Solutions and Services Joint Stock Company (Navisoft) – one of the reputable technology companies with nearly 20 years of experience developing technology solutions, especially in the securities, finance, and banking sectors. The transaction reflects the shared aspiration of both parties to work alongside the securities, finance, and banking industries to enhance their capabilities through technology.

Specifically, FPT’s investment in Navisoft aims to combine the capabilities, experience, and technology solution ecosystems of both parties to address specific challenges in the securities, banking, and finance sectors in particular, and the digital economy in general, in Vietnam and international markets, especially in the context of the rapidly growing Asian economy, with Vietnam being a prominent example. In recent years, the Vietnamese stock market has developed dynamically, gradually asserting its role as a key capital channel for businesses and the economy.

As the Vietnamese stock market moves closer to being upgraded to emerging market status, the application of digital technology is becoming a race in the industry, with demands for infrastructure development, core systems, operational services, security, and full-process digital applications. The collaboration between FPT and Navisoft marks a strategic step to enhance the “Make in Vietnam” technology capabilities. Both parties aim for a comprehensive partnership – from consulting and implementation to system operation – contributing to the stable, transparent, and sustainable development of the financial and securities market.

Representing FPT, Mr. Tran Dang Hoa, Chairman of FPT IS, FPT Group, shared: “We are delighted to welcome Navisoft to FPT Group, where we share a vision and aspiration for technological self-reliance, leading Vietnam to strong and prosperous development. Both FPT and Navisoft possess extensive experience in the finance and banking sector, especially securities, along with the capacity to implement systematic and practical Make in Vietnam technology solutions. With FPT’s existing strengths and global business network, Navisoft’s products will have the opportunity to spread more widely, reaching regional and international levels.

We believe this collaboration will be a strategic piece of the puzzle, helping both sides accelerate innovation, especially in the development and operation of modern trading platforms – from traditional securities to new exchanges, contributing to promoting a transparent, sustainable, and deeply integrated Vietnamese financial market.”

On behalf of Navisoft, Mr. Tran Duc Chien – Vice Chairman of the Board of Directors of Navisoft Company – affirmed: “Becoming part of the FPT ecosystem is a significant milestone, marking a strategic transformation for Navisoft. With nearly two decades of developing technology solutions for the finance and securities industry, we understand the specific requirements as well as the increasingly rapid pace of change in this field. The collaboration with FPT – a leading technology company with a global network and proven project implementation capabilities – is a great advantage – This will help Navisoft not only expand its product development and deployment capabilities but also accelerate the efficiency and speed of digital transformation across the entire industry. We are committed to partnering with FPT to create groundbreaking solutions that bear the distinctive “Make in Vietnam” mark, contributing to the creation of value for the financial and securities market not only domestically but also internationally.”

It is known that FPT and Navisoft had an impressive collaborative journey in the historic “100-Day HOSE Order Congestion Resolution” project in 2021. In this project, FPT directly designed, built, and successfully implemented the new trading system for HOSE. Navisoft collaborated on upgrading and modifying the core software, including the interface with securities companies (Gateway). With strong technological capabilities and a commitment to completing the project within 3 months, the system went into operation, The system processes millions of orders daily with high stability and security to date. The project not only helped the stock market resume smooth operation and restore confidence for millions of investors, but also marked a technological marvel of “Make in Vietnam” – a crucial national financial infrastructure system designed, mastered, and implemented entirely by Vietnamese engineers. From May 5th, the system was also successfully transferred to the KRX system, completing its mission of ensuring the operation of the HOSE stock exchange for nearly five years.

The partnership between FPT and Navisoft promises to bring more comprehensive and advanced technology solutions to the market, jointly solving difficult problems in the finance, banking, and securities sectors. This reaffirms their commitment to contributing to building a technologically self-reliant Vietnam and realizing the goals set out in Resolution 57-NQ/TW of the Politburo.

Source: Market Life – CafeF