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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. is engaged in 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 involves 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 2020 VNDUSD
Gross Profit11,815.83B508.51M
Operating income4,602.25B198.06M
Income before tax5,260.98B226.41M
Net income3,225.75B138.82M
Diluted EPS4,1190.17
Dividends Per Share----
Total Assets41,749.43B1,808.70M
Total liabilities23,146.53B1,002.77M
Total equity15,743.56B682.05M
Operating cash flow7,215.81B310.54M
Currency in VNDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 39,531.46B 42,658.61B 23,213.53B 27,716.96B 29,830.40B
Gross Profit 8,438.13B 9,682.40B 8,722.87B 10,712.04B 11,815.83B
Operating income 3,048.52B 3,166.63B 3,121.75B 4,146.83B 4,602.25B
Income before tax 3,013.89B 4,255.11B 3,857.60B 4,664.53B 5,260.98B
Net income 1,800.14B 2,719.20B 2,391.23B 2,858.85B 3,225.75B
EBITDA 3,981.96B 4,206.05B 4,286.44B 6,594.26B 6,093.43B
Diluted EPS 2,349.12 3,525.69 3,085.36 3,669.48 4,119
Dividends Per Share 1,195.48 1,718.50 1,581.02 1,739.13 --
Total Assets 29,833.26B 24,999.67B 29,757.06B 33,394.16B 41,749.43B
Total liabilities 18,384.99B 11,761.10B 14,981.90B 16,594.68B 23,146.53B
Total equity 9,525.12B 11,428.99B 12,473.11B 13,964.20B 15,743.56B
Operating cash flow 4,620.42B 2,396.23B 4,062.02B 4,481.17B 7,215.81B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,767.54M 1,877.84M 1,008.14M 1,193.26M 1,283.80M
Gross Profit 377.28M 426.22M 378.82M 461.17M 508.51M
Operating income 136.30M 139.39M 135.57M 178.52M 198.06M
Income before tax 134.75M 187.31M 167.53M 200.81M 226.41M
Net income 80.48M 119.69M 103.84M 123.07M 138.82M
EBITDA 178.04M 185.15M 186.15M 283.89M 262.24M
Diluted EPS 0.10 0.15 0.13 0.15 0.17
Dividends Per Share 0.05 0.07 0.06 0.07 --
Total Assets 1,310.14M 1,100.87M 1,282.90M 1,441.11M 1,808.70M
Total liabilities 807.38M 517.90M 645.91M 716.13M 1,002.77M
Total equity 418.30M 503.28M 537.75M 602.61M 682.05M
Operating cash flow 206.59M 105.48M 176.41M 192.92M 310.54M

Valuation Measures

Dec 2020
Operating margin15.42%
Profit margin10.81%

Key executives

  • General Director: Khoa Van Nguyen
  • CFO & 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 (7.0%)
  • State Capital Investment Corp. (Investment Management) (5.8%)
  • Macquarie Bank Ltd. (Private Banking) (4.7%)
  • Qt Co. Ltd. (3.6%)
  • BUI NGOC QUANG (2.4%)
  • FIL Investment Management (Hong Kong) Ltd. (1.8%)
  • Truck Capital Management LLC (1.8%)
  • NTAsset (Thailand) Co., Ltd. (1.5%)
  • Aberdeen Standard Investments (Asia) Ltd. (1.5%)

Contact Details

  • Website:
  • Address: FPT Cau Giay Building, 17 Duy Tan Street, Ha Noi, 10000, Vietnam
  • Phone: +84.24.7300.7300

Related Companies

  • FPT Education Co. Ltd.
  • 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 25 Feb, 2021

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