FPT CORPORATION APPOINTS NEW CEO

Announcement:

FPT CORPORATION APPOINTS NEW CEO

Hanoi, February 23, 2011- the FPT Board of Directors has appointed Mr. Truong Dinh Anh as CEO of the FPT Corporation; he will replace the current CEO, Mr. Nguyen Thanh Nam.

The Board declared this was a necessary andappropriate change to the Corporation’s strategies for sustainable development in the next 15 years, and it coincides with the progression of power for senior leaders.

FPT Chairman will decide the proper time to transfer the position of CEO as soon as possible to ensure the continuity of the business.

The transfer of the FPT CEO is aprocess. Mr. Nam has successfully completed his assignments for the first two years of this process including a long term development plan, a new corporate branding strategy and supplementing upper level leadership.

In the next period, FPT will take on a new leader and Mr. Truong Dinh Anh was named the most suitable man for the position. 2011 is the first year in FPT's long term plan, targeting anannual growth in profits for four consecutive years (2011 to 2014). The company also aims to be named among the Top 500 of the prestigious Forbes Global 2000. It plans to achieve this gradually over three periods: 2011-2014; 2015-2019 and 2020-2024.

Mr. Truong Dinh Anh previously held critical positions in the FPT Corporation including Vice President, CEO of FPT Telecom, and most currently, Chairman of FPT Telecom.

Under his management, FPT Telecom became one of the three most influential enterprises for internet development in Vietnam from 1997 to 2007 with an average annual growth in revenues of approximately 50% for five consecutive years. In 2010, FPT Telecom earned 2,450 billion VND, an increase of 33% compared with 2009.

As one of the ten most influential individuals in internet development in Vietnam and the founder of FPT’s telecom business, Mr. Anh is expected to create further success for FPT.

Brief biography

Mr. Truong Dinh Anh was born in 1970 and graduated from Hanoi National Economics University in 1992

He joined FPT in 1993 and, under his management, FPT Telecom Joint Stock Company has grown into one of the leading telecommunications providers in Vietnam.

In 1998 he was named among the ten most outstanding young people in Vietnam.

He was appointed FPT Vice President on 1 July 2009, and is currently chairman of FPT Telecom and a member of the FPT Board of Directors.

Press contact:

Mai Lan Anh

FPT Corporate Relations

Mobile: 0912081922