FPT and France's Pasqal Propose Quantum Computing Partnership for Vietnam

Overview

FPT Corporation and France’s Pasqal have proposed a partnership to bring quantum computing capability to Vietnam, spanning joint research, machine development and manufacturing, and specialist workforce training. The proposal was presented at a working session with Deputy Prime Minister Ho Quoc Dung on October 12, according to information from FPT Group. For FPT, listed on HOSE, the initiative positions the company at the centre of a strategic technology area that the Vietnamese government has flagged for domestic capability building.

Key Facts

• FPT and Pasqal presented the cooperation proposal at a meeting with Deputy Prime Minister Ho Quoc Dung on October 12.
• Four focus areas were discussed: joint research on quantum algorithms and applications; cooperation on developing and manufacturing quantum computers; specialist workforce training; and commercial cooperation.
• Pasqal was represented by Mark Armstrong, Commercial Director for Europe, the Middle East, Africa, and Asia-Pacific.
• Pasqal’s co-founder is Professor Alain Aspect, winner of the 2022 Nobel Prize in Physics.
• Pasqal’s quantum computing platform is based on neutral-atom technology.
• Pasqal said it wants to recruit talent in Vietnam and train lecturers, scientists and engineers.
• Deputy PM Ho Quoc Dung asked both groups to specify commitments on resources and clear timelines.
• The proposal follows the September 2026 official visit to France by General Secretary and President To Lam, whose joint statement referenced quantum technology cooperation.
• Vietnam-EU relations were upgraded to a comprehensive strategic partnership in January 2026, with science and technology as a pillar.
• FPT shares closed at VND 57,100 on October 12, 2026.

What Happened

According to information from FPT Group, the proposal was presented to Deputy Prime Minister Ho Quoc Dung on October 12, aimed at gradually building quantum computing capacity and developing human resources capable of mastering a strategic technology in Vietnam. The two companies discussed joint research on quantum algorithms and applications, cooperation on developing and manufacturing quantum computers, in-depth workforce training, and business cooperation.

At the session, Mark Armstrong, Commercial Director for Europe, the Middle East and Africa, and Asia-Pacific at France’s Pasqal Group, presented the company’s research and development capabilities in quantum computers based on neutral-atom technology. Pasqal’s co-founder is Professor Alain Aspect, who won the 2022 Nobel Prize in Physics. Pasqal representatives expressed a desire to deploy cooperation with FPT soon, with emphasis on recruiting personnel in Vietnam, training lecturers, scientists and engineers, transferring skills, and promoting industrial applications of quantum technology. Deputy PM Ho Quoc Dung praised the proposals and asked the two groups to concretise the cooperation direction into implementation items with clear commitments on resources and timelines, affirming that the Vietnamese government encourages international technology firms to cooperate on research, development, training and innovation in Vietnam.

Market Context

FPT Corp trades on HOSE and closed at VND 57,100 on October 12, 2026. The company is the largest listed Vietnamese technology group by market profile, with education and IT services businesses that map directly onto the workforce-training component of the proposal. The initiative sits within a broader policy push: the Vietnam-France joint statement from the September 2026 visit by General Secretary and President To Lam referenced quantum technology cooperation, and the Vietnam-EU relationship was upgraded to a comprehensive strategic partnership in January 2026 with science and technology as a key pillar. Domestically, Resolution 57 and the strategic technology list under the Prime Minister’s Decision 21/2026 provide the policy backdrop for quantum research and gradual mastery.

Strategic Significance

For long-term investors, the proposal is less about near-term revenue than about FPT’s positioning in a technology category the state has designated as strategic. Quantum computing sits alongside semiconductors and AI in Vietnam’s effort to move up the value chain, and a tie-up with a Nobel-affiliated French developer gives FPT a credible route into research, manufacturing and talent development rather than a purely commercial reseller role. The government’s request for concrete resource commitments and timelines signals that state support, including facilitation under existing law, is conditional on delivery. If executed, the partnership could deepen FPT’s education pipeline and create an industrial quantum niche in Vietnam before regional peers establish one.

What to Watch

• A formal cooperation agreement or memorandum between FPT and Pasqal specifying scope, resources and milestones.
• Details of any quantum research or training facility to be located in Vietnam, and which FPT subsidiary would host it.
• Recruitment and training targets for Vietnamese engineers, lecturers and scientists.
• Follow-through on the Vietnam-France joint statement and Vietnam-EU science and technology pillar, including any government funding or incentives.
• FPT’s next quarterly earnings disclosure for commentary on the initiative and its cost implications.