FPT Is The Most Valuable Tech Brand in Vietnam in 2023

Brand Finance announced Vietnam's Top 100 Most Valuable Brands in 2023 on August 15, 2023. Accordingly, FPT is Vietnam's most valuable technology brand and simultaneously holds the position of the Top 2 fastest growing brands by brand value.

With a remarkable growth rate (reaching 105% and accounting for 2% of total value), the Technology industry has been an emerging industry with extraordinary growth potential, especially in the era of Digital Transformation. FPT took the leading role in terms of Technology in Vietnam's Most Valuable Brands 2023, with a brand value of 594.5 million USD, up 52%.

According to Brand Finance, FPT's success comes from its efforts in innovation, creativity, and technology R&D. Also, establishing strategic partnerships with major technology corporations worldwide has helped FPT create an environment of cooperation and sustainable development.

Highlighting Vietnamese brainpower on the global tech map

In 1988, 13 young scientists founded FPT to make it a progressive and mighty organization based on cutting-edge technological innovation and its contribution to the nation's prosperity. Creativity and the pioneer spirit have been FPT's driving forces to explore unprecedented opportunities. Thirty-five years later, FPT is the top technology corporation in Vietnam and one of the largest enterprises in the private sector. It has over 60,000 employees and a network of offices in 29 countries and territories worldwide, doing business in three sectors: Technology, Telecommunications, and Education.

FPT representative received the certificate of the most valuable tech brand in Vietnam and was among the Top 2 fastest growing brands by brand value.

After the first six months of 2023, FPT recorded revenue of 24,166 billion VND and profit before tax of 4,339 billion VND, up 21.9% and 19.3%, respectively, over the same period last year. Overseas IT services recorded revenue of 11,227 billion VND, up 30.2%, and pre-tax profit of 1,834 billion VND, up 34.6% year over year.

FPT Corporation has been recognized by millions of global customers and partners, including corporations on the Top 500 largest global enterprises (Fortune Global 500). It is the first IT enterprise in Vietnam to carry out 4 M&A deals in Europe, the US, and Japan. In Vietnam, FPT collaborates with 30 provinces and cities in digital transformation. Furthermore, it is a trusted partner of most enterprises in Vietnam's Top 500 leading enterprises.

Leading in cutting-edge technology, FPT pioneered chip manufacturing in Vietnam and owned AI patents in Japan and the US. Besides, it was among the Top 8 leading global IoT service providers and a strategic partner of the world's leading AI Research Institute - Mila. The Made-by-FPT ecosystem comprises over 200 products, services, and solutions based on leading technologies such as AI, Big Data, Cloud, and IoT.

The commitment toward sustainable development

FPT is always committed to sustainability while growing into a global corporation. At the ceremony to announce the 100 most valuable brands in Vietnam in 2023, Mr. Nguyen Van Khoa - CEO of FPT - said that FPT Corporation defined its mission as a Happiness-Driven Enterprise to help build a happier future. Happiness is not for individuals but for all employees, their families, partners, and customers. FPT has always focused on investing in human development and gender equality. Women account for 40% of leadership positions at FPT, including high-ranking roles such as the Boards of the Corporation and member companies.

Mr. Nguyen Van Khoa - CEO of FPT - said that FPT Corporation defined its mission as a Happiness-Driven Enterprise to help build a happier future.

"When going abroad and approaching the circular economy - the green economy, we realize that Vietnam is catching up quite slowly. Businesses worldwide, including our partners and customers, require strict compliance with sustainable and green growth requirements. FPT Corporation has always strived to absorb and apply outstanding sustainability models in business operations. Every year, we spend 3% of our revenue on sustainability activities. In the coming time, FPT is committed to accompanying customers and partners sustainably toward building a happy nation," affirmed Mr. Nguyen Van Khoa.

Brand Finance is the world's leading independent brand valuation consultancy, established in 1996. With its presence in more than 20 countries, Brand Finance has valued more than 70,000 brands. It is the 8th year that Vietnam has been included among the countries valued by Brand Finance. Brand Finance Asia Pacific (headquartered in Singapore) is responsible for the announcement in Vietnam.