FPT to Become the Best IT Enterprise in ASEAN

According to Nikkei, FPT is among the fastest growing companies from 11 countries in the region with a series of growth and efficiency criteria.

On June 15th, the Nikkei Asian Review – the leading media conglomerate in Japan, announced a list of Asia 300 – the most valuable and effective business group in Asia.

Being the list’s top is Taiwan’s Largan Precision, the world’s leading maker of smartphone lenses, while HCL Technologies, India’s IT services provider ranks at No. 2. Chinese companies (50) and Indian companies (49) make up nearly one-third of the top 300 listed companies, surpassing those in South East Asia.

After the stock dividend payment in 2016, the chartered capital of FPT was up to VND 5,309 billion.

Vietnam continues to have five representatives shortlisted as FPT, Vinamilk, GAS, Vietcombank and Vingroup. FPT is the only brand in the Information Technology sector of ASEAN in this list. This is the 4th consecutive year that FPT has been honored by Nikkei.

The Nikkei Asian Review claims that FPT is the largest IT Company in Vietnam with its operations spanning in the major IT and Telecom sector, from software development, Telecom and IT products. In the field of software development, FPT provides services to many foreign partners, most of which come from the Japanese market.

By the end of 2016, FPT recorded its consolidated sales of VND 40,545 billion, up to 1.4% compared to in 2015. Profit before tax was posted at VND 3,014 billion, and profit after tax was reached at VND 2,576 billion, up to 6% compared to the previous year. In recent years, FPT has maintained the achievement of “trillion dong profit”.

According to the latest report, in the first four months of 2017, FPT recorded its consolidated sales of VND 12,975 billion, up to 13% compared to the same period of 2016, reaching 104% of the full 4 months. Profit before tax (PBT) reached VND 904 billion, up to 14% over the same period, equivalent to 108% of the cumulative plan. Profit after tax (PAT) reached 759 billion, up to 18% over the same period. After four months, FPT’s foreign market recorded VND 1,963 billion in revenues, up to 16% and VND 284 billion of tax before profit, up to 15% compared to the same period of the previous year.

Currently, FPT is the largest outsource IT Company in Japan with 760 employees working directly in Japan and nearly 5,000 people in Vietnam working on projects with Japanese clients.

FPT has also signed a contract with a leading partner in the field of ERP in Japan worth up to $35 million, lasting for three years. This is the biggest contract in the ERP field so far of FPT in this market.

According to the Nikkei Asian Review, Asia 300 is the chosen list of the fastest growing companies from 11 countries in the region. Criteria include business growth, profitability, and financial efficiency.

The team that performed the rankings was based on sales in the most recent fiscal year, followed by an assessment, analysis of growth, profitability and financial efficiency of the companies mentioned before. The ranking is a comprehensive assessment of the overall strength of a business.

Credit: Chi Vy (Chungta.vn)