The Financing and Promoting Technology Group, or FPT, and Mekong Capital will pick up strategic stakes in the Viet Nam – Australia International School.

Company gets new solution FPT Information System has successfully installed the SAP enterprise resource planning, or ERP, system at Thep Viet-Pomina company, the country's largest steel company, at a cost of around US$2 million, a spokesman said.
ERP solutions would help a company manage all basic processes like finance, sourcing, production, delivery, and inventory, project and construction management, equipment maintenance, and management information analysis.
The German system was installed at the South Korean joint venture's three major plants in HCM City, Binh Duong and Ba Ria – Vung Tau as well as its offices in Binh Chanh, Can Tho, Nha Trang and Da Nang.
Thep Viet – Pomina has a capacity of 1.6 million tonnes a year.
Under a deal they signed in HCM City yesterday, FPT will pay US$10.7 million for a 25-per-cent share in VAS and Mekong Capital will pay $6 million for 14-per-cent ownership.
By investing in VAS, the FPT has a complete education portfolio ranging from kindergarten to its PFT University.
"VAS is an extraordinary company run by an excellent team, and is well positioned to fulfill its vision to become the leading player in Viet Nam's fast-growing educational services sector," Thomas Lanyi, director of Mekong Capital, said at the signing ceremony.
Founded in 2004, VAS has 12 schools offering kindergarten to 12th grade education with around 5,000 students who are taught in both Vietnamese and English.
On completing the 12th grade, an average VAS student can score 6.5 – 7 points in the IELTS Academic English language test, a pre-requisite to study abroad.