FPT Targets 20% Revenue Growth and 21% Profit Before Tax Increase in 2025

Hanoi, April 15, 2025 — FPT held its 2025 Annual General Meeting of Shareholders (AGM), where key resolutions were approved, including the strategy for the 2025–2027 period, the 2025 business plan, the 2024 profit allocation and 2025 dividend payment policy, and the reappointment of CEO Nguyen Van Khoa for the 2025–2028 term.

Delegates arrived early at FPT’s headquarters to attend the AGM.

Proactive and Flexible Amid Uncertainty

In 2025, FPT aims for 20% revenue growth and 21% profit before tax growth. This is an ambitious goal, and the Group has prepared three scenarios to ensure flexibility and readiness to adapt to any market fluctuations.

Regarding the dividend policy for 2024 profits, FPT will distribute a 20% cash dividend—10% already paid in 2024 and the remaining 10% expected in Q2 2025 and a 15% stock dividend, under which shareholders owning 20 shares will receive 3 additional shares (ratio 20:3). For 2025, FPT plans to pay a 20% cash dividend.

Chairman Truong Gia Binh sharing FPT’s 2025–2027 strategic vision.

The Technology Sector targets 26% revenue growth and 27.2% profit before tax growth. FPT will integrate AI into all “Made by FPT” products and services while focusing on developing and expanding its AI Factory to become a leading AI and Cloud infrastructure provider in the region. The Group will also capitalize on the global restructuring trend of large enterprises’ IT service partnerships to sustain growth across all markets. In particular, the Japanese market is expected to reach USD 1 billion in revenue by 2027. Internally, FPT is aggressively applying AI across all operations from management and governance to specialized functions.

Domestically, FPT will actively participate in major government projects, implementing Resolution 57/NQ-TW and supporting businesses to overcome current challenges. Resolution 57 acts as a catalyst for advancing science and technology. Tech companies like FPT are expected to take on major national missions and address large-scale technological challenges. FPT will continue investing in core technologies and will play a key role in training high-quality human resources as a foundation for future development.

Delegates at the AGM raising questions and exchanging with FPT’s leadership.

Internationally, the Group will focus on securing large-scale contracts worth hundreds of millions of USD with major clients, delving deeper into industry-specific domains, and strengthening consulting, analytical, and system design capabilities to accompany clients in transformation and growth.

The Telecommunications Sector expects 13% revenue growth and 17.1% profit before tax growth. Alongside expanding data centers and international transmission infrastructure, the sector will intensify AI integration and automation in operations, optimize network routing per service type, and enhance end-user devices across the network to ensure stable quality and excellent user experience. It will also develop specialized digital information platforms and online communities in areas such as esports and running.

In the Education Sector, FPT focuses on expanding its network of K–12, vocational, and higher education institutions nationwide, working with localities to develop human resources that drive economic growth. At the same time, the Group will continue expanding international partnerships to implement joint training programs in key industries such as semiconductors, automotive technology, and electronics.

FPT CEO Nguyen Van Khoa presenting the Group’s 2025 business objectives.

Speaking at the AGM, CEO Nguyen Van Khoa affirmed: “The 20% revenue growth target for 2025 is a challenging mission. We are bold in setting this figure but not complacent. We will closely monitor developments and promptly adjust our scenarios and actions to achieve the set goals.” However, given the current volatility and unpredictability of the global economy, Mr. Khoa noted that revising the business plan at this stage is difficult and proposed that the AGM authorize the Board of Directors to adjust the business plan (if necessary) to ensure flexible adaptation to global uncertainties.

Commitment to the GREEN ADAS Strategy

Chairman Truong Gia Binh answering delegates’ questions, reaffirming FPT’s steadfast commitment to the GREEN ADAS strategy.

FPT Chairman Truong Gia Binh stated: “We continue to pursue the GREAN ADAS strategy because this technology will redefine the nation’s position and shape the world.” Discussing AI, Mr. Binh emphasized that as AI becomes more widespread, the demand for AI factories will grow. FPT will develop specialized AI models such as DeepSeek for each industry and sector. FPT already has AI tools for software engineering and plans to create similar models for industries like chemicals and oil & gas.

FPT Deputy CEO Nguyen The Phuong discussing the Group’s key technologies.

FPT’s GREEN ADAS strategy centers on AI as the driving force and focuses on four key objectives. First, FPT will develop “AI Assistant” platforms and systems Made by FPT, creating language models, tools, and skills for the FPT AI Agents platform offering open integration and cost structures tailored to Vietnam’s market and culture. Second, FPT aims to enhance productivity with AI at the core, ensuring every employee and every task is supported or executed by an AI Assistant. AI transformation is the next stage of FPT’s digital transformation journey, with the goal of creating one million virtual assistants for daily work to boost efficiency and performance. Concurrently, FPT will integrate AI into all “Made by FPT” products and services, making them smarter, more user-friendly, and more automated, ultimately increasing financial benefits for clients.

In the semiconductor sector, leading global corporations are turning to Vietnam to expand supply chains, with over 174 FDI projects and a total registered capital of nearly USD 11.6 billion. Seizing this opportunity, FPT is focusing on developing human resources to reach 10,000 semiconductor engineers by 2030. FPT is also deepening its role in the global supply chain not only in chip design but also in packaging, testing, and research on smart semiconductor and AI chips.

On the sidelines of the event, delegates experienced FPT’s key technologies under investment focus, such as Digital Automotive, Smart Factories, and Digital Transformation for Public Services.

In digital automotive technology, the electric vehicle market is projected to reach USD 6.8 trillion by 2033, with an average annual growth rate of 6.7%. The shift toward EVs presents major opportunities for tech companies. FPT focuses on developing intelligent operating systems, integrating AI to optimize driving experience and safety, and strengthening partnerships with major automakers to deploy breakthrough technology solutions.

In digital and green transformation, FPT accelerates AI integration to help enterprises and organizations move toward intelligent transformation, enhancing operational efficiency and sustainable growth.

In 2024, FPT achieved impressive business results, recording revenue of VND 62,849 billion and profit before tax of VND 11,070 billion—an increase of 19.4% and 20.3% year-on-year, respectively surpassing 102% of the targets set at the 2024 AGM. A key growth driver was the IT Services segment for overseas markets, with revenue up 27.4% year-on-year to VND 30,953 billion (approximately USD 1.2 billion). This success was fueled by the global digital transformation boom, particularly strong growth in Japan (32.2%) and the Asia-Pacific region (34.8%). In 2024 alone, the overseas IT Services segment secured three major contracts worth USD 225 million (U.S.), USD 115 million (Germany), and USD 110 million (Singapore).

Notably, the Digital Transformation Services segment recorded revenue of VND 14,340 billion, up 37.6% year-on-year and accounting for 46.3% of total overseas IT Services revenue. This not only reflects growing demand for digital transformation but also reaffirms FPT’s leadership and technological capabilities in the global market. Alongside business expansion, FPT has been actively pursuing strategic partnerships with major global corporations to broaden its reach and enhance technological capacity, keeping pace with constant innovation in the industry.

Together with strong sales and profit growth, FPT continuously strengthens its governance capabilities to meet the highest standards of sustainable development while striving to create a world-class, happy, and pioneering workplace in Vietnam, actively contributing to reducing greenhouse gas emissions and promoting sustainability.