FPT Software, a subsidiary of global technology group FPT, has surpassed $1 billion in the IT services segment. FPT becomes the first Vietnam-based technology company to achieve this milestone, highlighting its sustainable growth, constant commitment to innovation and dedication to customer satisfaction.
In 2023, the IT company has made monumental progress in expanding its global presence and alliances, to deliver successful digital transformation to its customers. Its high strategic partnerships with several industry leaders including SAP, Microsoft, AWS, Salesforce and Adobe are testament to this.
As part of its global expansion strategy, FPT has also entered into several investment and acquisition agreements with Landing AI , Intertec International , Cardinal Peak and AOSIS , to enhance its skills and provide world-class support to its customers in foreign markets. These efforts enable FPT to double its global IT services revenue in three years, with the largest contribution coming from its core markets of Japan, the Americas and Asia Pacific, which each represent approximately 30% of turnover.
FPT has established itself as a trusted partner for businesses across many industries, with digital transformation playing a significant role in its portfolio of end-to-end services and solutions, accounting for almost 50% of total global revenue. The company has extensive expertise in several areas, including ERP modernization, cloud and data, and software-defined vehicles. The recent launch of FPT Automotive reinforces its strategic investment and builds on its decade-long experience in automotive product engineering services and solutions.
These achievements are supported by FPT’s people-centered approach, which has a strong commitment to sustainable practices, workplace diversity and workforce development. The company has earned a Silver rating from EcoVadis for its ESG initiatives and has been recognized as a “Great Place To Work” in several countries, including Vietnam, Japan, Singapore, the United States and more.
As a world-class technology enabler, addressing complex business challenges and opportunities, FPT anticipates numerous global opportunities to achieve new billions of dollars in revenue and profits from a single market, a single industry vertical and a single contract. With this in mind, the IT company will continue to provide comprehensive services and solutions, integrating artificial intelligence (AI).
Its human capital will be strengthened by seasoned experts and a strong pipeline of young, qualified IT talents from its home country of Vietnam and other countries such as India, China, the Philippines and Latin America. . At the same time, it will be at the forefront of promoting Vietnam as an emerging digital hub in the world to help its clients reinvent business excellence and resilience.
“FPT Corporation’s ambition is to showcase Vietnamese intelligence and technology on the global stage, and our subsidiary FPT Software was founded to realize this vision. As the world looks to Vietnam as a hub for business investment and digital innovation, we have proven our central role in leading this movement. In the future, we will remain a trusted partner in helping global businesses move towards a more sustainable and happier future,” says Truong Gia Binh, Founder and Chairman of FPT Corporation.
“People development is the foundation of our sustainable growth. This achievement is a testament to the collective efforts and wisdom accumulated by several generations of FPT Software employees. We will continue to focus on developing our talents and equipping our staff with a positive working environment and the necessary knowledge and skills to meet the growing market demand and global standards,” says Chu Thi Thanh Ha, President from FPT Software.
“With AI as an integrated accelerator across all services and solutions, we are committed to enabling agility and scalability and optimizing quality and productivity for all projects. We have plans for new partnerships and M&A with leading companies worldwide to enhance our nearshore network expansion, delivery quality, core competencies and operational excellence to provide end-to-end solutions and better serve our global customers,” says Pham Minh Tuan, Managing Director of FPT Software.
As a leader of Vietnam’s national digital transformation movement, FPT has also made AI and semiconductors strategic focuses through a series of initiatives, including becoming the founding member of the AI Alliance led by IBM and Meta, advancing its strategic partnership with Mila , launching the Semiconductor Circuit Faculty , and working on collaboration opportunities with the world’s biggest names in semiconductors, such as Nvidia . It has secured orders for nearly 70 million chips, scheduled for delivery by 2025.
