Vietnam tech firm FPT launches auto subsidiary in US, plans $100m investment

Vietnam tech firm FPT launches auto subsidiary in US, plans $100m investment

Chairman and CEO of Vietnam's leading tech firm FPT Truong Gia Binh poses during an interview with Reuters at the company's headquarters in Hanoi, Vietnam September 11, 2023. REUTERS/Francesco Guarascio

Vietnam’s leading tech firm FPT has established an automotive technology subsidiary in Texas, it said on Thursday, with a $100-million plan to expand globally to serve clients such as Hyundai and Honda.