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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 n the provision of information, technology, and telecommunications products and services. It operates through the Technology and Telecommunications, and Investment and Education business segments. The Information Technology and Telecommunications segment is divided into the following sub segments: telecommunications, digital content, software development, system integration, informatics services and education. The Investment segment is involved in the management of investments in associates in the finance field and real estate projects. 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 2021 VNDUSD
Gross Profit13,631.96B594.37M
Operating income5,415.02B236.10M
Income before tax6,337.20B276.31M
Net income3,940.19B171.79M
Diluted EPS3,623.770.15
Dividends Per Share1,666.660.07
Total Assets53,697.94B2,356.20M
Total liabilities32,279.76B1,416.40M
Total equity17,940.94B787.22M
Operating cash flow7,022.50B306.19M
Currency in VNDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 42,658.61B 23,213.53B 27,716.96B 29,830.40B 35,657.26B
Gross Profit 9,682.40B 8,722.87B 10,712.04B 11,813.65B 13,631.96B
Operating income 3,166.63B 3,121.75B 4,146.83B 4,604.72B 5,415.02B
Income before tax 4,255.11B 3,857.60B 4,664.53B 5,263.45B 6,337.20B
Net income 2,719.20B 2,391.23B 2,858.85B 3,226.09B 3,940.19B
EBITDA 4,206.05B 4,286.44B 6,594.26B 6,095.33B 7,058.94B
Diluted EPS 2,554.84 2,235.76 2,659.04 2,985.36 3,623.77
Dividends Per Share 1,245.29 1,145.67 1,260.23 1,449.27 1,666.66
Total Assets 24,999.67B 29,757.06B 33,394.16B 41,734.32B 53,697.94B
Total liabilities 11,761.10B 14,981.90B 16,594.68B 23,128.46B 32,279.76B
Total equity 11,428.99B 12,473.11B 13,964.20B 15,745.57B 17,940.94B
Operating cash flow 2,396.23B 4,062.02B 4,481.17B 7,234.14B 7,022.50B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 1,877.84M 1,008.14M 1,193.26M 1,283.80M 1,554.71M
Gross Profit 426.22M 378.82M 461.17M 508.42M 594.37M
Operating income 139.39M 135.57M 178.52M 198.17M 236.10M
Income before tax 187.31M 167.53M 200.81M 226.52M 276.31M
Net income 119.69M 103.84M 123.07M 138.84M 171.79M
EBITDA 185.15M 186.15M 283.89M 262.32M 307.78M
Diluted EPS 0.11 0.09 0.11 0.12 0.15
Dividends Per Share 0.05 0.04 0.05 0.06 0.07
Total Assets 1,100.87M 1,282.90M 1,441.11M 1,808.05M 2,356.20M
Total liabilities 517.90M 645.91M 716.13M 1,001.99M 1,416.40M
Total equity 503.28M 537.75M 602.61M 682.14M 787.22M
Operating cash flow 105.48M 176.41M 192.92M 311.33M 306.19M

Valuation Measures

Dec 2021
Operating margin15.18%
Profit margin11.05%

Key executives

  • General Director: Khoa Van Nguyen
  • Chief Financial Officer & Deputy General Director: Phuong The Nguyen
  • Chief Technology Officer: Tu Anh Vu
  • Deputy General Director: Anh Viet Hoang
  • Chief Accountant: Chien Huu Hoang


  • TRUONG BINH GIA (6.0%)
  • State Capital Investment Corp. (Investment Management) (5.0%)
  • Macquarie Bank Ltd. (Private Banking) (3.7%)
  • VietFund Management Co. (Investment Management) (3.3%)
  • Qt Co. Ltd. (3.0%)
  • Matthews International Capital Management LLC (2.3%)
  • Dragon Capital Management Co. Ltd. (2.2%)
  • BUI NGOC QUANG (2.1%)
  • VinaCapital Investment Management Ltd. (Invt Mgmt) (1.5%)
  • Truck Capital Management LLC (1.3%)

Contact Details

  • Website:
  • Address: FPT Cau Giay Building, 17 Duy Tan 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.


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Last Updated on 1 Dec, 2022

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