Vietnam’s tech giant FPT and Japan’s SBI Holdings, will jointly explore whether SBI will invest in a memory chip packaging and testing plant that FPT plans to build in Vietnam.

In a statement on Wednesday, FPT said the two sides have signed a memorandum of understanding for the cooperation. The signing took place in Tokyo during the official visit to Japan of General Secretary-State President To Lam.

Under the MoU, the companies will hold discussions and study options for investment cooperation in FPT’s factory in Hanoi. SBI would consider taking part as an investor.

FPT plans to carry out the project through its subsidiary FPT IS. The plant would offer services to companies across the semiconductor supply chain and would gradually add manufacturing and engineering service facilities in Vietnam. FPT says these stages require strong engineering capability, rigorous quality management, and close coordination among supply-chain companies.

Prior to the latest cooperation, SBI and FPT have worked together, such as signing a memorandum in December 2024 on SBI investing up to 35 percent of FPT Smart Cloud Japan.

On the same day, FPT presented five proposals for Vietnam–Japan cooperation at the Vietnam–Japan Public–Private Forum on Economic, Scientific and Technological Cooperation in Tokyo. The five pillars are sovereign and trusted AI infrastructure linking AI factories and data across both countries; AI transformation across enterprises and supply chains in automotive, electronics, logistics and energy; training AI and quantum engineers; a Vietnam–Japan co-creation fund for joint technology innovation; and closer cooperation in quantum technology.

FPT Chairman Truong Gia Binh said the proposals can process via cooperation between the two governments, universities, and technology companies.

Besides, FPT signed two agreements. The Vietnam Low-Altitude Economy Alliance, led by FPT, signed with the Kaga National Strategic Special Zone Promotion Association to explore industrial clusters and manufacturing in Kaga City. FPT also signed with NTT e-Drone Technology on drone research, market studies and proof-of-concept projects in both countries.

Vietnam’s FPT starts trial operations at chip testing-packaging plant