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FPT Plans Takeovers as Vietnam Software Maker Looks Abroad

FPT Corp., Vietnam’s largest publicly traded telecommunications and software company, aims to complete two takeovers this year as it seeks to boost international sales, Chairman Truong Gia Binh said.

FPT expects the deals to be completed in the second half “if everything goes smoothly,” Binh said yesterday in an interview in Hanoi, where the company is based. One target is in Singapore and the second will be in Europe, said Binh, declining to be more specific. “I would just say the value is not small,” he said.