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FPT and VEEP Partner to Build a Sustainable IoT Ecosystem – Accelerating Green Transition in Viet Nam

Ho Chi Minh City, July 22nd, 2025 – FPT Corporation officially signed a strategic cooperation agreement with VIoT Energy Efficiency Platform (VEEP) – a pioneering company in the development of AIoT solutions in Viet Nam – to jointly build a sustainable IoT product ecosystem that meets international standards, aiming toward Viet Nam’s Net-Zero goal by 2050.


This partnership marks the convergence of FPT's cutting-edge technology capabilities with VEEP's in-depth AIoT implementation expertise, laying the foundation for a comprehensive IoT ecosystem that addresses digital transformation, energy optimization, and emissions transparency in businesses and urban environments.

Mr. Dang Truong Thach - Executive Vice President and Deputy General Director of FPT IS (left) and Mr. Nguyen Bach Viet - Chairman of VIoT Group, Founder and CEO of VEEP (right) signed a cooperation agreement connecting VertZéro and VEEP
Mr. Dang Truong Thach - Executive Vice President and Deputy General Director of FPT IS (left) and Mr. Nguyen Bach Viet - Chairman of VIoT Group, Founder and CEO of VEEP (right) signed a cooperation agreement connecting VertZéro and VEEP

VertZéro x VEEP Integration: Technology Synchronization - Data Unification - Accelerated Transition


Under the agreement, FPT will act as a consultant and provider of the VertZéro platform – an internationally standardized automated carbon accounting solution – while also supporting team training and ecosystem connectivity for VEEP. VEEP will integrate its smart energy management platform and self-developed IoT devices to collect, connect, and analyze real-world operational and emissions data, synchronizing this with VertZéro to enhance implementation efficiency.

Mr. Nguyen Bach Viet - Chairman of VIoT Group, Founder and CEO of VEEP shared at the signing ceremony
Mr. Nguyen Bach Viet - Chairman of VIoT Group, Founder and CEO of VEEP shared at the signing ceremony

At the signing ceremony, Mr. Nguyen Bach Viet – Chairman of VIoT Group, Founder and CEO of VEEP – stated:


"We believe that technology is the core foundation for solving humanity’s greatest challenges today – especially in the race toward Net-Zero. Our partnership with FPT – one of Viet Nam’s leading tech corporations – opens up opportunities to standardize and commercialize sustainable, Vietnamese-made AIoT solutions on the global stage.


As a provider of intelligent platforms and IoT devices, VEEP is committed to deeply integrating energy management technology into enterprise systems to optimize performance, ensure emission data transparency, and reduce operational costs. When operational, energy, and emissions data are fully connected – as in the integration of VEEP and VertZéro – businesses gain the ability to control environmental impact while unlocking new green growth potential.


The rapid growth of the IoT industry is not merely a sign of technological advancement, but also a call for responsibility in transforming business models toward digitization, greening, and emission reduction. That is why VEEP not only develops solutions but also collaborates with partners like FPT to raise awareness, disseminate knowledge, and co-create a meaningful innovation ecosystem – for a more digital, greener, and sustainable Viet Nam”


Globally, the IoT market is projected to surpass USD 3.3 trillion by 2033, with an annual growth rate of nearly 20%. In Vietnam, compound annual growth is expected to reach 14.2% during the 2025–2033 period. These figures underscore both the urgency and vast potential of green IoT solutions in the sustainable development journey.


Mr. Dang Truong Thach - Executive Vice President and Deputy General Director of FPT IS shared at the signing ceremony
Mr. Dang Truong Thach - Executive Vice President and Deputy General Director of FPT IS shared at the signing ceremony

Mr. Dang Truong Thach – Executive Vice President and Deputy General Director of FPT IS – also shared:


“In the context of Viet Nam's commitment to Net-Zero by 2050 and its strategic direction to develop IoT industries under Resolution 57-NQ/TW, this collaboration with VEEP is a pivotal move toward creating energy-efficient, environmentally friendly IoT products. FPT is committed to working with VEEP to build a sustainable IoT device ecosystem, supporting businesses and the Government in the development of Smart Cities, Smart Factories, and Smart Living”


Founded in 2017, VEEP is a Vietnamese tech company specializing in AIoT solutions for energy management, smart cities, and smart factories. VEEP has expanded its operations across Southeast Asia, Australia, and several African countries.


In 2024, VEEP secured investment from Clime Capital – a leading low-carbon technology investment fund – to scale its Energy-Efficiency-as-a-Service model and develop a smart energy ecosystem. This investment affirms VEEP’s potential and credibility on the global stage.

Representatives of VEEP and FPT posed for a commemorative photo after the signing ceremony
Representatives of VEEP and FPT posed for a commemorative photo after the signing ceremony

This partnership between FPT and VEEP marks not only a strategic milestone but also a strong signal of innovation, technology standardization, and sustainable IoT ecosystem development driven by Vietnamese solutions – for a smarter, greener, and more resilient future.

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