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Technology Services

FPT Corp.

Company Background

FPT is the largest information technology company in Vietnam. Sales in the year ended December 2018 totaled some 23.21 trillion Vietnamese dong ($1 billion).

The core business of the company focuses on three main sectors: information technology, telecommunications and education. It undertakes software development for many foreign clients, with half of its orders coming from Japan.

In the 2019-2021 period, FPT plans to embark upon a digital transformation -- a strategic shift from IT services to DX service provider -- and to be among the top 50 global digital services.

The company founded a university in hopes of expanding the number of capable engineers available. It currently has nearly 17,000 students, of whom about half are majoring in IT.

The government holds only a 5.9% stake in FPT. It is 48.75% owned by foreign investors and the largest shareholder is Chairman Truong Gia Binh, who holds just 7.08%.

The company went public on the Ho Chi Minh Stock Exchange in 2006. Its market capitalization in 2019, at about $1.37 billion, is one of the largest among non-state entities. The company is expanding its business abroad and had operations in 45 countries and regions in 2018. In June 2014, it acquired a Slovakian IT company. In July 2018, FPT acquired a U.S. technology consulting company.

FPT started as a food processing technology company founded by Binh in 1988. Binh studied mathematics and computers at Moscow State University, where he earned his doctorate. He has been dubbed the Bill Gates of Vietnam. In 2013, he was given the Nikkei Asia Award by the Nikkei Group (Japan) for his contributions to the development of Vietnam’s IT industry.

Business Summary

FPT Corp. engages in the provision of information, technology, and telecommunications products and services. It operates through the following segments: Telecommunication, Digital Contents, Global IT Services; Information Technology Services, Software and Software Solutions, System Integration; and Investment, Education, and Others. The company was founded by Binh Gia Truong, Tien Quang Le, Ngoc Quang Bui, Bao Cao Do, Nam Thanh Nguyen, and Thanh Thanh Thi Truong on September 13, 1988 and is headquartered in Ha Noi, Vietnam.

Financial Highlights

Dec 2022 VNDUSD
Gross Profit17,109.23B730.85M
Operating income6,794.55B290.24M
Income before tax7,662.28B327.30M
Net income4,848.60B207.11M
Diluted EPS4,429.260.18
Dividends Per Share2,0000.08
Total Assets51,650.40B2,190.89M
Total liabilities26,294.08B1,115.33M
Total equity21,046.46B892.74M
Operating cash flow6,847.45B292.50M
Currency in VNDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 23,213.53B 27,716.96B 29,830.40B 35,657.26B 44,009.52B
Gross Profit 8,722.87B 10,712.04B 11,813.65B 13,631.96B 17,109.23B
Operating income 3,121.75B 4,146.83B 4,604.72B 5,415.02B 6,794.55B
Income before tax 3,857.60B 4,664.53B 5,263.45B 6,337.20B 7,662.28B
Net income 2,391.23B 2,858.85B 3,226.09B 3,940.19B 4,848.60B
EBITDA 4,286.44B 6,594.26B 6,095.33B 7,058.94B 8,627.62B
Diluted EPS 2,235.76 2,659.04 2,985.36 3,623.77 4,429.26
Dividends Per Share 1,145.67 1,260.23 1,449.27 1,666.66 2,000
Total Assets 29,757.06B 33,394.16B 41,734.32B 53,697.94B 51,650.40B
Total liabilities 14,981.90B 16,594.68B 23,128.46B 32,279.76B 26,294.08B
Total equity 12,473.11B 13,964.20B 15,745.57B 17,940.94B 21,046.46B
Operating cash flow 4,062.02B 4,481.17B 7,234.14B 7,022.50B 6,847.45B
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 1,008.14M 1,193.26M 1,283.80M 1,554.71M 1,879.95M
Gross Profit 378.82M 461.17M 508.42M 594.37M 730.85M
Operating income 135.57M 178.52M 198.17M 236.10M 290.24M
Income before tax 167.53M 200.81M 226.52M 276.31M 327.30M
Net income 103.84M 123.07M 138.84M 171.79M 207.11M
EBITDA 186.15M 283.89M 262.32M 307.78M 368.54M
Diluted EPS 0.09 0.11 0.12 0.15 0.18
Dividends Per Share 0.04 0.05 0.06 0.07 0.08
Total Assets 1,282.90M 1,441.11M 1,808.05M 2,356.20M 2,190.89M
Total liabilities 645.91M 716.13M 1,001.99M 1,416.40M 1,115.33M
Total equity 537.75M 602.61M 682.14M 787.22M 892.74M
Operating cash flow 176.41M 192.92M 311.33M 306.19M 292.50M

Valuation Measures

Dec 2022
Operating margin15.43%
Profit margin11.01%

Key executives

  • Chief Executive Director: Khoa Van Nguyen
  • Chief Financial Officer & Deputy General Director: Phuong The Nguyen
  • Chief Information Technology Officer: Viet Xuan Nguyen
  • Chief Technology Officer: Tu Anh Vu
  • Deputy General Director: Anh Viet Hoang


  • VietFund Management Co. (Investment Management) (3.8%)
  • Matthews International Capital Management LLC (2.5%)
  • Dragon Capital Management Co. Ltd. (2.2%)
  • NTAsset (Thailand) Co., Ltd. (1.6%)
  • VinaCapital Investment Management Ltd. (Invt Mgmt) (1.5%)
  • Abrdn Asia Ltd. (1.4%)
  • Templeton Asset Management Ltd. (1.1%)
  • T. Rowe Price International Ltd. (1.1%)
  • FIL Investment Management (Hong Kong) Ltd. (1.0%)
  • Fiera Capital (UK) Ltd. (0.9%)

Contact Details

  • Website:
  • Address: FPT Tower, No. 10 Pham Van Bach Street, Ha Noi, 10000, Vietnam
  • Phone: +84.24.7300.7300

Related Companies

  • Synnex FPT Distribution Co., Ltd.
  • FPT Software Malaysia Sdn. Bhd.
  • FPT Education Co. Ltd.
  • Base Enterprise JSC
  • FPT Asia Pacific Pte Ltd.
  • FPT Ventures
  • FPT Software Co.Ltd.
  • FPT Securities JSC (Staging)
  • Fpt Investment
  • Fpt Media Co. Ltd.
  • Synnex FPT JSC
  • FPT Information System Corp.
  • Intellinet Corp.


    Last Updated on 26 May, 2023

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