FPT and Shinhan Bank expand AI partnership across digital finance and startups
FPT Corporation and Shinhan Bank signed a memorandum of understanding to deepen cooperation in digital finance, startup ecosystems, and next-generation technologies, with AI as a central component. The agreement was signed during a Vietnam-South Korea Business Forum in Hanoi on April 29, witnessed by government ministers from both countries.
The partnership combines Shinhan Bank's financial expertise with FPT's capabilities in digital transformation and AI for Finance. Both companies will explore joint innovation using AI and Big Data to accelerate solution development and strengthen ecosystem connectivity.
Scope of collaboration
FPT and Shinhan Bank will focus on several areas:
- AI and Big Data applications for financial services
- Semiconductors, quantum technologies, and low-altitude economy initiatives
- Supporting startups from both countries to enter each other's markets
- Scaling AI-first models for digital banking
The partnership creates a platform for startups, enterprises, and ecosystem players to develop scalable business opportunities. Both organizations will support Korean and Vietnamese startups with market entry, local connections, and long-term growth platforms.
Building on existing work
FPT and Shinhan Bank have collaborated since 2018 on digital banking modernization and fintech solutions. FPT has since worked with Shinhan Life Insurance to strengthen operational efficiency and customer experience through AI, Big Data, and IoT.
FPT entered South Korea in 2016 and now operates across Seoul, Daegu, and Pangyo with more than 300 on-site experts and over 2,500 offshore engineers. The company serves major clients including LG Electronics, LG CNS, and Shinsegae I&C.
Strategic positioning
Ha Minh Tuan, FPT Korea Chief Executive Officer, said the partnership will "shape more scalable, AI-first models for digital finance while strengthening links between startups, enterprises, and innovation ecosystems across high-potential areas."
Jung Sang Hyuk, President and CEO of Shinhan Bank, said Vietnam is emerging as a key hub in global supply chains. "By strengthening collaboration with leading partners in Vietnam, Shinhan Bank aims to develop innovative financial models and serve as a trusted financial partner contributing to the development of the financial sectors in both countries," he said.
Shinhan Bank operates across more than 20 countries with over 160 locations. In Southeast Asia, the bank is present in Vietnam, Indonesia, Singapore, Myanmar, and Cambodia, with Vietnam identified as a strategic priority.
FPT reported 2025 revenue of $2.66 billion with over 54,000 employees across more than 30 countries. The company operates an AI-first strategy focused on digital transformation, intelligence transformation, and green transformation initiatives.
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