International Capacity Propels FPT into Top 10 Strongest Brands in Vietnam

Vietnam Economic Times Magazine - VnEconomy and the Central Institute for Economic Management (CIEM) announce that FPT Corporation is among the Top 10 strongest brands in Vietnam alongside other prestigious enterprises such as Vinamilk, BIDV, Masan Group, Vin Group, etc., within the framework of the Vietnam New Economy Forum 2023 with the theme "New Economic Models for Breakthrough Growth and Sustainable Development."

According to VnEconomy, FPT is honored based on criteria such as: Business results, stability and revenue growth; Reputation and Brand value; Social responsibility; Innovative activities; and International capacity. The FPT representative, Ms. Mai Thi Lan Anh, Deputy Director of Marketing Communications, received the certification and commemorative medal from the assessment council.

The assessment council recognizes FPT as Vietnam's most reputable and most prominent brand, especially in technology and digital transformation. The council stated, "FPT pioneers digital transformation and leads consulting, providing, and deploying technology and telecommunications services. The Corporation has achieved outstanding business results, making significant contributions to accelerating the national digital transformation process and helping Vietnam keep pace with the global digital trends. FPT's solutions and products contribute to developing the national economy, culture, and society. Additionally, FPT has been actively involved in social responsibility activities."

In 2023, FPT's brand has been toasted twice. In August, according to the announcement of the top 100 "Most Valuable Brands in Vietnam 2023" by Brand Finance, FPT was honored as the "Most Valuable Technology Brand in Vietnam" and the second "Fastest Growing Brand in Vietnam." Brand Finance highly appreciates FPT's continuous efforts in innovation, creativity, research, and technology development. Moreover, strategic partnerships with major global tech giants have helped FPT create a collaborative and sustainable development environment.

Ms. Mai Thi Lan Anh, Deputy Director of Marketing Communications, received the "Strong Brand" certification on behalf of FPT.

FPT's sustainable growth and international achievements

Established in 1988, FPT Corporation has opened paths never before trodden with its spirit of creativity and pioneering. After 35 years, it has become the leading technology conglomerate in Vietnam and a global firm with over 70,000 employees and offices in 29 countries. Its operations include three sectors: Technology - Telecommunications - Education.

From 2020 to 2022, FPT maintained sustainable double-digit growth. The Compound Annual Growth Rate (CAGR) of FPT, in terms of revenue and profit before tax, reached 14% and 13%, respectively. Notably, in 2023, its market capitalization surpassed 5 billion USD (equivalent to 122.933 trillion VND as of September 6, 2023). Also, in 2022, FPT gained over one billion USD in new overseas sales and received recognition from the Ministry of Information and Communications for the achievement.

FPT is recognized by millions of customers and partners worldwide, including Fortune Global 500 companies. FPT is the first Vietnamese IT enterprise to carry out four M&A deals in Europe, the US, and Japan. In Vietnam, FPT cooperates on digital transformation with 30 localities nationwide and most enterprises in the top 500 largest enterprises.

Leading in innovation, FPT pioneers chip manufacturing in Vietnam. It owns AI patents in Japan and the US and ranks among the top 8 "Global Leading IoT Service Providers." Currently, it is a strategic partner of leading global corporations and research institutes such as Mila and Landing AI. The "Made by FPT" ecosystem includes over 200 products, services, and solutions applying state-of-the-art technologies such as AI, Big Data, Cloud, and IoT, which are widely used.

'FPT accompanies businesses in taking the lead in the Digital Economy'

In the discussion session, Mr. Vu Anh Tu, Chief Technology Officer of FPT, shared insights on the theme "Leading the Digital Economy." Mr. Vu Anh Tu shared FPT's internal digital transformation process and successful collaboration with customers in digital transformation.

The FPT Digital Kaizen methodology is built on three pillars: business transformation, IT infrastructure transformation, and human transformation. FPT provides training sessions to its managers and employees, incorporating digital transformation into managing internal processes. Most basic tasks, such as approval, commendation, reporting, and human resources development, have been all digitalized.

Mr. Vu Anh Tu, Chief Technology Officer of FPT, shared insights on the theme "Leading the Digital Economy."

Recently, FPT's technology has been adopted in pharmacy chain management. Due to smart solutions that track orders, inventory, transportation, and payments, over 80% of orders are sold online and delivered to customers within one hour. Mr. Vu Anh Tu affirmed, "We have accompanied major customers such as Thaco, VinFast, Thien Long, and Tan Long, helping streamline processes and increase productivity and revenue. Digital transformation can give wings to businesses to build an efficient digital economy."

Discussing policies affecting the digital economy, Mr. Vu Anh Tu emphasized that FPT and businesses have made rapid breakthroughs based on appropriate policy support. For example, Project 06 is currently operating effectively and bringing benefits to the people. For instance, chip-embedded ID cards and e-prescriptions are digital applications from Project 06 that improve people's lives and promote further development of the digital economy.

"We have determined that FPT must become a role model of a digital enterprise, gaining experience and sharing it with the Vietnamese business community. FPT will continue to enhance its consulting capabilities and product ecosystem. Soon, we will launch a new generation AI ecosystem for businesses at FPT Techday 2023, scheduled for October 24-25," Mr. Vu Anh Tu said.

The Vietnam New Economy Forum 2023, with the theme "New Economic Models for Breakthrough Growth and Sustainable Development," is organized for the first time in Vietnam. The forum establishes open discussion sessions via in-person events (conferences, seminars, dialogues), online platforms, and specialized media topics. It aims to connect and gather relevant parties to share insights on macroeconomic issues, industries, and practical activities of the business community. The forum saw the participation of Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc, Deputy Head of the Central Economic Committee Nguyen Duc Hien, Chief Economist of the United Nations Development Program in Vietnam Jonathan Pincus, along with representatives from National Assembly committees, central ministries' departments and bureaus, business associations, and nearly 300 CEOs of Vietnamese top brands.