Core Viewpoint - The strategic partnership between Baiwang Co., Ltd. and FPT marks a significant step in establishing a local tax compliance service system in Vietnam, enhancing Baiwang's presence in the Southeast Asian market and aligning with the "Belt and Road" initiative [1][5]. Group 1: Partnership Details - Baiwang focuses on core technology output and customer resource integration, leveraging its platform advantages while optimizing resource allocation [2]. - FPT provides local tax system access and expertise, ensuring efficient implementation of localized tax compliance services [2]. - The collaboration aims to create the first B2G compliance portal in Southeast Asia, integrating Baiwang's core systems with various government departments for streamlined compliance processes [2][3]. Group 2: Market Impact - Baiwang has developed a global compliance product system covering over 100 languages, 200 types of invoices, and 30,000 international tax rules, positioning itself as a preferred partner for Chinese enterprises going abroad [3]. - The partnership is expected to enhance the synergy between Baiwang's global platform capabilities and FPT's local service advantages, facilitating market penetration for Chinese companies in Vietnam [3][4]. - Baiwang's chairman emphasized the importance of providing comprehensive services for Chinese enterprises, leveraging FPT's extensive local network and expertise [4]. Group 3: Strategic Goals - The collaboration is part of Baiwang's long-term strategy to create a replicable and scalable model for overseas expansion, with plans to extend services to other Southeast Asian countries [4]. - The partnership aims to address the challenges of tax compliance for Chinese companies abroad, contributing to the digital transformation of tax systems in Vietnam and Southeast Asia [5].
百望股份加速全球税务合规生态布局