Vietnam-based information technology (IT) firm FPT Corporation has signed a strategic partnership agreement with China-based banking solutions and services provider Sunline to accelerating digital transformation in banking sector.

FPT said in a statement on last Friday that under the agreement, FPT will support Sunline in system integration competencies across digital banking, digital lending, and core banking, drawing on more than two decades of experience delivering technology services and solutions to global banks, insurers, and financial institutions.

FPT will help Sunline scale up the delivery capabilities of its Core Banking Transformation Solution SunCBS to meet increasing market demands, especially as Thailand accelerates its shift toward a virtual banking future.

Both sides aim to drive digital transformation for Thai financial institutions to improve customer experience, modernize legacy systems, and achieve operational resilience amid the country’s rapidly evolving banking landscape.

The signing ceremony took place during the official visit of Thailand’s Prime Minister H.E. Paetongtarn Shinawatra to Vietnam and on the sidelines of the Vietnam-Thailand Business Forum 2025, with both countries’ Prime Ministers and delegations in attendance.

The event underscores the deepening technological and business collaboration between the two nations amid their shared momentum in digital economic growth.

“The partnership between FPT and Sunline will empower businesses with enhanced speed, quality, and scalability,

“Combining FPT’s expertise with Sunline’s proven track record, we aim to set new standards for digital banking services and enable financial institutions to better serve a new generation of customers, especially as Thailand advances toward a more competitive digital economy—and drives the growth of neobanks across the region,” said Levi Nguyen, Chief Executive Officer of FPT Thailand and FPT Taiwan, FPT Corporation.

Jameson Li, Group Chief Executive Officer of Sunline, said that driven by a shared vision to shape the future of banking, Sunline and FPT are joining forces to accelerate core modernization and advance intelligent finance globally.

“Through Sunline’s next-generation core banking solution – SunCBS, we are committed to enabling financial institutions to enhance agility, ensure compliance, and build interoperable ecosystems for long-term digital resilience,” he added.

It is noted that Thailand is among FPT’s key markets in the Asia Pacific (APAC) region.

The company has established its position as a trusted digital transformation partner for Thailand’s leading enterprises particularly in banking and finance, with renowned names like KBTG, SCB, KKP, TTB, Bangkok Bank, and other sectors including insurance, retail, automotive, manufacturing, healthcare, energy and utilities, consumer goods, and aviation.

FPT currently boasts hundreds of local employees serving the Thai market, with a plan to double its workforce by 2027.

As part of Thai Prime Minister’s official visit to Vietnam this May, FPT Executive Vice President Pham Minh Tuan participated in a one-on-one meeting with the Prime Minister and Thai government delegation, during which the company reaffirmed its long-term commitment to forging potential tech collaboration across several industries, contributing high-quality technology talent, and providing comprehensive solutions for digital transformation.

As a Co-founder of the Vietnam–Thailand Chamber of Commerce (VietCham Thailand), FPT also plays an active role in strengthening bilateral cooperation.

The company recently worked with the Thailand Board of Investment in Hanoi to promote trade and investment, as well as support Thailand with high-quality technology talents to meet the rising demand for digital transformation.

In the first quarter of 2025, FPT reported robust results, with revenue increasing by 13.9 percent and profit before tax up 19.4 percent year-on-year.

The technology sector continues to serve as a key growth driver, achieving a 15.3 percent year-on-year increase, underpinned by a 17 percent rise in revenue from global IT services.

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