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FPT targets VND52,000-billion revenue in 2023

The Saigon Times

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HCMC – Local technology solutions company FPT Corporation plans to generate total revenue of VND52,289 billion this year, rising by 18.8% year-on-year.

The Hanoi-based business looks to earn VND9,055 billion in profit, an 18.2% increase over 2022.

The technology segment is expected to spearhead the firm’s growth with earnings of VND31,150 billion, including some VND4,160 billion in pre-tax profit.

The company said in a statement that between US$35 million and US$50 million would be allocated for mergers and acquisitions transactions and the expansion of its global operations.

Despite widespread global contraction, the firm eyes US$1 billion in revenue from information technology services overseas.

The tech giant will focus on product development with an eye on enhancing core technologies, namely Cloud servers, Artificial Intelligence and Blockchain infrastructure.

According to CEO Nguyen Van Khoa, the company intends to foster technology application in internal operations and improve workforce quality.

The effort aims to strengthen labor productivity and promote sustainable development.

In 2022, FPT posted revenue and pre-tax profit of VND44,010 billion and VND7,662 billion, respectively.

During the period, the company’s top segments thrived, including the growth of 30.1% for IT and 33% for digital transformation solutions.

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