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FPT Software hits $1 billion marker as first Vietnam-origin tech firm
Thu, 28th Dec 2023

FPT Corporation, a global technology service provider, has achieved a significant milestone with its subsidiary, FPT Software, generating over one billion USD in the global Information Technology Services segment.

This accomplishment sets FPT apart as the first Vietnam-origin tech firm to reach this revenue figure, demonstrating their commitment to sustainable growth, innovative services, and customer satisfaction.

In 2023, FPT extended its global influence, forming strategic partnerships with globally renowned corporations including SAP, Microsoft, AWS, Salesforce, and Adobe. Furthermore, FPT entered into several investment and acquisition deals with Landing AI, Intertec International, Cardinal Peak, and AOSIS.

This marked a pivot in FPT's strategy to expand its global footprint, increase its range of services, and offer closer support to offshore clients. FPT's projected growth includes plans to integrate artificial intelligence into their service offerings and to position Vietnam as a prominent digital hub.

FPT has become a dependable partner for businesses operating in a myriad of sectors, with digital transformation being a significant aspect of its offerings. These transformation services make up almost half of the company’s total global revenue.

The corporation has vast experience in numerous domains, inclusive of ERP modernisation, cloud and data services, and software-defined vehicles. FPT's recent launch of FPT Automotive is a testament to their strategic investments and leverages their decade-long experience in automotive product engineering services and solutions.

A key component of FPT's business model is its human-centric approach. The company is committed to sustainable practices, advocating for workplace diversity, and fostering the development of its workforce. This approach has earned FPT the EcoVadis Silver rating for its ESG initiatives, and it has been recognised as a Great Place to Work in a number of countries, including Vietnam, Japan, Singapore, and the United States.

Heading forward, FPT intends to continue offering comprehensive, AI-embedded services and solutions. It foresees furthering its global workforce, complementing seasoned expertise with a pipeline of young, proficient IT talents from various locations, including Vietnam, India, China, the Philippines, and Latin America.

FPT Corporation Founder and Chairman, Dr. Truong Gia Binh, states, "FPT Corporation's ambition is to showcase Vietnamese intelligence and technology on the global stage. With FPT Software at the forefront, we've proven our pivotal role in driving this shift towards Vietnam as a hub for business investment and digital innovation. We will continue as a trusted partner, empowering global enterprises towards a more sustainable and happier future."

The Chairwoman of FPT Software, Chu Thi Thanh Ha, underlines the importance of people in the sustainable growth of the company. "This achievement is a testament to the collective efforts and wisdom acquired across generations of FPT Software's people."

"Our focus remains on talent development, providing our employees with a conducive work environment and the necessary knowledge and skills to meet increasing market demand and global standards."

According to FPT Software CEO, Pham Minh Tuan, AI plays a significant role in optimising the quality and productivity of all projects. "We have plans for partnering with leading global companies to enhance our nearshore network expansion, delivery quality, core competencies, and operational excellence. Our commitment is to provide end-to-end solutions and better serve our global clients," he says.

In its pursuit to be a leader in Vietnam's digital transformation initiative, FPT has also concentrated on AI and semiconductors. The firm has secured orders for almost 70 million chips, due for delivery by 2025.