In 2024, global technology corporation FPT achieved revenue of $2.47 billion and profit before tax of $434.57 million, marking year-over-year growth of 19.4% and 20.3%, respectively, surpassing 102% of the targets set at the beginning of the year. Net profit attributable to shareholders of the parent company reached $308 million, a 21.4% increase, while earnings per share (EPS) rose to $0.19, reflecting a 21.9% growth compared to the previous year.

Global IT Services’s Signed Revenue Surpassed $1.3B USD

The Technology sector (including Domestic and Global IT Services) continued to play a pivotal role, contributing 62% of the Group’s revenue and 47% of its profit before tax, equivalent to $1.53 billion and $205 million, with growth rates of 24.4% and 25.7% year-over-year, respectively.

Reaffirming our leadership in the global market, revenue from Global IT Services grew by 27.4% to $1.22 billion, while profit before tax rose by 26.1% to $187 million compared to the previous year. Key markets maintained strong growth momentum, particularly Japan and the Asia-Pacific (APAC) region, which recorded impressive growth rates of 32.2% (36.3% in JPY) and 34.8%, respectively. By the end of 2024, new contracts in Global IT Services reached over $1.3B, a 13% year-over-year increase. Solidifying our position as a global billion-dollar technology leader, FPT successfully secured 48 major projects valued at over $5 million each in 2024, representing a 31% increase compared to the previous year.

Revenue from digital transformation in global markets reached $560 million in 2024, reflecting a 37% year-over-year growth, with a focus on emerging technologies such as Cloud, AI, and Data Analytics.

Domestically, the IT Services segment delivered a revenue of $320 million (+13.9% YoY) and a profit before tax of $18 million (+21.1% YoY), supported by efforts to enhance collaboration with government entities and ministries and to drive Cloud and AI adoption among domestic enterprises. Meanwhile, the Made-by-FPT product ecosystem sustained robust growth, achieving $89 million in revenue (+31.0%), driven by its high applicability across both corporate and government sectors.

Telecommunications and Education Sectors Continue a Steady Growth Trajectory

The Telecommunications Services segment recorded revenue of $664 million, growing by 11.3%, with profit before tax reaching $134 million, a year-over-year increase of 18.1%.

Continuing to expand its presence across provinces nationwide, FPT’s Education sector achieved a 15.1% revenue growth compared to the previous year, totaling $278 million.

Business Highlights in 2024

Continues to expand presence, delving deeper into potential markets

FPT continues to solidify its global position with impressive expansion milestones: In March 2024, the Dalian office marked a significant step forward in fostering collaboration between China, Japan, and Vietnam. In September 2024, the Gothenburg office became a strategic foothold in Northern Europe, and in October 2024, the Middle East headquarters in Riyadh established FPT as the first Vietnamese enterprise operating in Saudi Arabia. Alongside our expansion in Malaysia and Germany, FPT proudly showcases Vietnamese excellence on the global technology map.

Comprehensive partnership with NVIDIA

FPT and NVIDIA have entered into a strategic partnership to drive AI research and development. Under this collaboration, FPT plans to invest $200 million to establish an AI Factory, train high-quality talent, and serve as a Service Delivery Partner within NVIDIA's partner ecosystem, empowering businesses across industries to adapt to the new era.

Recently, FPT announced the launch of two AI Factories in Vietnam and Japan, providing world-class AI and cloud computing services. These facilities offer three core product lines:

  • FPT AI Infrastructure: GPU cloud services to accelerate AI model development.
  • FPT AI Studio: Tools to build and fine-tune models using NVIDIA NeMo.
  • FPT AI Inference: Efficient AI model deployment powered by NVIDIA NIM and AI Blueprints.

Enhancing capabilities in emerging technologies, positioning Vietnam as a key link in the global technology supply chain

In 2024, FPT achieved significant milestones in emerging technologies: accelerating AI integration across industries, boosting labor productivity with the xVista solution suite, expanding chip design capabilities through a joint venture with Taiwan, and training semiconductor talent. The company also advanced technologies such as AI-First SDV, AUTOSAR, and CDC, and developed products tailored to the automotive software sector. Additionally, FPT launched the FPT AI Agents platform and The Next for Enterprise solutions suite, alongside Made-by-FPT innovations, providing a robust foundation to support businesses in their comprehensive digital transformation journey.

Record-breaking Multi-Million Dollar Projects

After reaching a revenue milestone of $1 billion at the end of 2023, FPT made history once again with a $225 million project from a U.S. client, breaking all previous records. This client was a significant milestone for FPT, contributing to its first $100 million annual revenue and impressive growth with the addition of 500 employees in a short period.

Beyond the U.S., FPT has reinforced its global presence with contracts valued at over $100 million in several strategic markets. In June 2024, FPT secured its largest contract to date in Singapore, and in November 2024, the company successfully closed a contract worth over $100 million in the European market, marking a major advancement in its international expansion.

Reinforcing Leadership with Numerous National and International Awards

  • FPT's brand value approaches $1 billion, ranking among the Top 5 Strongest Brands in Vietnam | Brand Finance 2024
  • Top 10 Best Corporate Governance Companies in the Large-Cap Category | VCLA 2024
  • Top 10 Best Places to Work in Vietnam 2024
  • Largest IT Services Company in Southeast Asia within the Fortune 500
  • Top 3 Large-Cap Companies with the Best IR Activities | IR Awards 2024
  • Top 10 Vietnam Gold Star Brands

(Exchange rate as of December 31, 2024 – 1 USD = 25,476 VND.)