FPT Reinforces World-Class Stature, Poised for Billion-Dollar Goals
FPT affirms its position as
a world-class technology enabler for complex business challenges and
opportunities with long-term goals defined for 2024 onwards. FPT aims to
achieve USD 5 billion in revenue from global IT services in 2030 and reach
billion-dollar milestones from a single market, a single vertical industry, and
a single contract.
On track with this
direction, FPT recently became the first Vietnam-headquartered tech firm to
surpass one billion USD in revenue from
global IT services in 2023. The company embarked on the global expansion
journey with the establishment of its subsidiary FPT Software in 1999. Since
then, FPT has evolved from developing simple applications to implementing core
IT services for its clients; transitioned from a services provider to a
comprehensive solution provider; and progressed to higher stages in the
technology value chain, with digital transformation and legacy modernization
included in its offerings. To achieve its future goals, FPT will leverage its
strengths in technical expertise and industry know-how, skilled IT talents, and
the growing prominence of its home country Vietnam.
"In the past,
FPT had to proactively seek partnerships, but now many big corporations are
heading to Vietnam and FPT. Vietnam is rising as a new destination for global
businesses. As Vietnam’s pioneering IT firm, we want to reach new heights in
the semiconductor industry and artificial intelligence (AI). The future of
Vietnam and the world will revolve around semiconductors and AI,” said FPT
Chairman Dr. Truong Gia Binh.
"At FPT
Software, we believe that world-class stature is built from world-class people.
Over the past 25 years, we have strengthened the company's foundation by
fostering a one-team spirit, a lifelong learning culture, and a happy working
environment. Moving forward, we will continue promoting the development of
technology, creativity, domain expertise, and embrace culture and diversity for
our workforce of 30,000 talented individuals to keep up with growing market
demand and global standards," said FPT Software Chairwoman Chu Thi Thanh
Ha.
"Entering the
new era as a world-class company, FPT Software is well-positioned to accompany
our clients in projects worth millions or billions of dollars. We are committed
to developing our high quality global IT workforce to better serve businesses
in high-growth fields such as automotive, healthcare, insurance, supply chain,
finance, and utilities. We will also embed AI into all services and solutions
to enhance agility, productivity, quality and accelerate delivery time for our
clients worldwide,” said FPT Software CEO Pham Minh Tuan.
With a track record
of success and extensive experience gained over the years, FPT has established
itself as a trusted partner to drive advancements in fast-growing fields. In
2023, FPT is one of three companies in Southeast Asia to join SAP’s Regional Strategic Services Partner (RSSP) in the
Asia Pacific and Japan region. With over 10 years of experience in automotive
software, FPT has built a strong team of over 4,000 engineers and experts for
this domain, serving more than 150 clients, including renowned global brands
such as Honda, Hyundai, Volvo, VinFast, Ford, Yazaki, LG, Panasonic, NXP. In
December 2023, the subsidiary FPT Automotive was officially launched in the United
States, after maintaining a growth rate of 40% in recent years as a unit under
FPT Software, contributing significantly to its achievement of one billion USD
in revenue from the global IT services segment.
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