Payment giant Visa and FPT Corporation, a Vietnamese technology firm, have signed a Memorandum of Understanding (MOU) to advance digital transformation within the government sector.
The partnership focuses on modernising government services and improving accessibility, particularly for small and medium-sized enterprises (SMEs).
Under the agreement, Visa and FPT will collaborate to enhance the national e-marketplace for procurement, encourage greater SME participation, and improve payment systems.
The partnership will also explore innovative ways to digitise municipal services, including initiatives to expand access to finance and equip SMEs with business credit cards for more effective cash flow management.
The collaboration aims to foster ongoing cooperation and innovation in the public sector.
Both entities also plan to leverage their resources to support the implementation of these initiatives and drive business expansion in Vietnam.
While focusing on government services and SMEs, the collaboration will also explore opportunities in sectors such as healthcare, education, and social welfare.
“This enhanced collaboration underscores our shared commitment to accelerating Vietnam’s digital transformation within the public sector and fostering greater financial inclusion.
By leveraging our combined expertise and technology, we aim to create a more efficient, transparent, and inclusive digital ecosystem for government services and businesses across Vietnam.”
said Dung Dang, Visa Country Manager of Vietnam and Laos.
“The collaboration with Visa marks a significant milestone, enabling us to combine the expertise and experience of both parties to continue bringing technological advancement to advance digital transformation and cashless payment in Vietnam within the public sector, healthcare, education, social welfare, and so on.”
said Vu Anh Tu, Chief Technology Officer of FPT Corporation.
