FPT and France's Pasqal Advance Vietnam Quantum Computing Plans

Overview

Deputy Prime Minister Hồ Quốc Dũng met with Pasqal, a French neutral-atom quantum computing company, at the Government Office on 12 October, with FPT Group CEO Nguyễn Văn Khoa in attendance. The meeting focused on advancing quantum computing cooperation in Vietnam and a long-term goal of building quantum computing infrastructure located in Vietnam. The development is relevant to FPT Corp (HOSE: FPT), which is positioned as the local partner in the initiative.

Key Facts

• Meeting held on the afternoon of 12 October at the Government Office in Hà Nội.
• Pasqal was represented by Mark Armstrong, Commercial Director for Europe, Middle East, Africa and Asia-Pacific.
• FPT Group was represented by CEO Nguyễn Văn Khoa.
• Also attending were Deputy Minister of Science and Technology Trần Trung Tính and Deputy Minister of Foreign Affairs Lê Thị Thu Hằng.
• Pasqal is developing quantum computers and cloud computing solutions for commercialization, with more than 7 research units and organizations involved.
• Pasqal said it is coordinating with FPT and wants to deploy quantum cloud computing programs soon, giving research organizations and universities access to the technology.
• Vietnam-EU relations were upgraded to a comprehensive strategic partnership in January 2026, with science, technology and innovation as a key pillar.
• FPT closed at VND 57,100 on 12 October 2026.

What Happened

Deputy Prime Minister Hồ Quốc Dũng received Mark Armstrong of Pasqal and Nguyễn Văn Khoa of FPT Group, according to the government portal Chinhphu.vn. The Deputy Prime Minister said Vietnam is pushing science, technology, innovation and digital transformation under Resolution 57-NQ/TW, in which quantum technology is one of the strategic technologies prioritized for development. He welcomed Pasqal’s interest in seeking cooperation opportunities with Vietnam and acknowledged FPT’s pioneering role in research investment and training in quantum and artificial intelligence.

Armstrong presented Pasqal’s research, innovation and practical application activities. The company is developing quantum computers and cloud computing solutions toward commercialization, with the participation of more than 7 research units and organizations. He said Pasqal is coordinating with FPT and wants to soon deploy cooperation programs on quantum cloud computing, enabling research organizations and universities to access the technology. Pasqal also expressed a desire to build close cooperation in Vietnam, with emphasis on recruiting local personnel, skills transfer, training university lecturers, and equipping scientists and engineers in related fields with research knowledge and skills. FPT and Pasqal are discussing the orientation and roadmap for cooperation to bring quantum computing capabilities to Vietnamese universities, research institutes and enterprises, moving toward building quantum computing infrastructure located in Vietnam. The article does not disclose the value, timeline or binding status of any agreement.

Market Context

FPT Corp trades on the HOSE under the ticker FPT and closed at VND 57,100 on 12 October 2026, the date of the meeting. FPT is one of Vietnam’s largest listed technology companies, with operations spanning software services, IT education and telecommunications, and has been expanding its AI and semiconductor-related activities. The quantum computing angle places the company within Vietnam’s broader push to move up the technology value chain, a theme that has drawn policy attention under Resolution 57-NQ/TW. The article does not provide a market reaction or trading volume context.

Strategic Significance

For long-term investors, the meeting signals that FPT is positioning itself as the domestic anchor for a frontier technology that Vietnam’s government has designated strategic. Quantum computing remains pre-commercial in most markets, so near-term revenue impact is unlikely; the more concrete read-through is FPT’s role in talent development, cloud access and potential infrastructure build-out, which could reinforce its education and digital services franchises. The involvement of a French deep-tech firm also fits the January 2026 upgrade of Vietnam-EU ties, giving the cooperation a diplomatic tailwind that may support future funding or technology-transfer arrangements. The article does not quantify any investment, revenue or ownership structure.

What to Watch

• Any signed agreement or memorandum between FPT and Pasqal, including scope, value and timeline.
• FPT disclosures on quantum computing investment, training programs or cloud infrastructure in quarterly filings.
• Follow-up government announcements on Resolution 57-NQ/TW implementation and quantum technology funding.
• Vietnam-EU cooperation milestones under the comprehensive strategic partnership, particularly in science and technology.
• FPT share price and trading volume around subsequent announcements, given the 12 October 2026 close of VND 57,100.