SCIC plans to acquire 2 million shares of FPT Corporation, increasing its ownership stake and aiming to enhance its financial investment portfolio.

Target Company Overview

Công ty TNHH MTV Đầu tư SCIC (SIC) is a wholly-owned subsidiary of the State Capital Investment Corporation (SCIC), focused on strategic equity investments in promising sectors within the Vietnamese economy. Recently, SIC announced plans to acquire 2 million shares of FPT Corporation (HOSE: FPT) to enhance its financial investment portfolio, reflecting a strategic maneuver to establish a foothold in a leading technology and telecommunications firm. If completed, this would increase SIC's ownership in FPT to approximately 0.11%.

Industry Overview

The Vietnamese economy is characterized by robust growth prospects, particularly in the technology and telecommunications sectors, which have increasingly attracted foreign direct investments. The country is experiencing a digital transformation, with rising internet penetration and mobile connectivity fueling demand for tech services. Major firms, such as FPT, play a pivotal role in this development, providing innovative solutions that cater to both domestic and international markets.

Moreover, the overall market in Vietnam has shown resilience, even amidst global economic uncertainties. The VN-Index, which closed at 1,741.32 points, has demonstrated a positiv