FPT, officially the FPT Corporation (; "FPT" stands for ''Financing and Promoting Technology''), is the largest

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

service company in

Vietnam Vietnam, officially the Socialist Republic of Vietnam (SRV), is a country at the eastern edge of mainland Southeast Asia, with an area of about and a population of over 100 million, making it the world's List of countries and depende ...

with operations spanning three fundamental sectors:

Technology Technology is the application of Conceptual model, conceptual knowledge to achieve practical goals, especially in a reproducible way. The word ''technology'' can also mean the products resulting from such efforts, including both tangible too ...

Telecommunications Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...

and

Education Education is the transmission of knowledge and skills and the development of character traits. Formal education occurs within a structured institutional framework, such as public schools, following a curriculum. Non-formal education als ...

History

On September 13, 1988, FPT was officially founded under the name Food Processing Technology. On October 27, 1990, the company changed its name to The Corporation for Technology Development and Investment (abbreviated as FPT), operating mainly in the field of information technology. In 1998, FPT was one of the first four Internet service providers (ISPs) in

. Since 2002, FPT has operated as a

joint-stock company A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareho ...

. On September 8, 2006, FPT University was established under the corporation, becoming the first corporate university in

to be licensed. Also in 2006, on October 24, FPT issued additional shares to two strategic investors,

Texas Pacific Group TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm in ...

(TPG) and

Intel Capital Intel Capital Corporation started off as the investment arm of Intel Corporation in 1991 and in January 2025, it spun off as a standalone investment fund. Intel Capital makes equity investments in a range of technology startups and companies off ...

, receiving an investment of 36.5 million USD. On November 18, 2006, FPT and

Microsoft Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...

signed a strategic alliance agreement. On December 13, 2006, FPT stock was listed on the Ho Chi Minh City Stock Exchange (HOSE). On December 19, 2008, FPT Corporation was approved to change its name from "The Corporation for Financing and Promoting Technology" to "FPT Corporation". On December 24, 2008, FPT Corporation announced a decision to appoint Mr. Nguyen Thanh Nam as the CEO of FPT Group, replacing Mr. Truong Gia Binh. Mr. Nguyen Thanh Nam is a founding member of FPT Corporation, Chairman of FPT Software (FSOFT). In February 2011, the board of directors of FPT Corporation issued a resolution appointing Mr. Truong Dinh Anh as general director to replace Mr. Nguyen Thanh Nam. On July 31, 2013, the board of directors of FPT Corporation approved the appointment of Mr. Bui Quang Ngoc, Ph.D. in database, to replace Mr. Truong Gia Binh as FPT's general director. Mr. Bui Quang Ngoc is one of the founding members and currently vice chairman of FPT. In 2014, FPT was the first IT company in Vietnam to acquire a foreign IT company, RWE IT Slovakia (a member of RWE, a European leading energy corporation). In August 2017, FPT transferred 30% of its ownership in FPT Retail to Vina Capital and Dragon Capital, reducing its stake in FPT Retail to 55%. In September 2017, FPT transferred 47% of its ownership in FPT Trading to Synnex Corporation (Taiwan), reducing its stake in FPT Trading to 48%. In July 2018, FPT acquired 90% stake in Intellinet Consulting (Intellinet), one of the fastest growing technology consulting companies in the US. In March 2019, FPT appointed Mr. Nguyen Van Khoa - Executive Vice President of FPT and CEO of FPT Information System - to take the position of FPT's CEO, replacing Mr. Bui Quang Ngoc at the end of his term. In May 2021, FPT acquired Base.vn, a SaaS start-up. In July 2021, FPT invested in Intertec International. In August 2021, FPT launched eCovax – the digital "vaccine" program that helps businesses respond – recover – thrive in COVID-19. On September 16, 2021, FPT's Chairman Truong Gia Binh initiated the idea of building a school for children who lost their parents due to COVID-19. FPT has strengthened its presence in 27 countries by opening a second office in

New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

in May 2022 and the first representative office in

Northern Europe The northern region of Europe has several definitions. A restrictive definition may describe northern Europe as being roughly north of the southern coast of the Baltic Sea, which is about 54th parallel north, 54°N, or may be based on other ge ...

Copenhagen Copenhagen ( ) is the capital and most populous city of Denmark, with a population of 1.4 million in the Urban area of Copenhagen, urban area. The city is situated on the islands of Zealand and Amager, separated from Malmö, Sweden, by the ...

Denmark Denmark is a Nordic countries, Nordic country in Northern Europe. It is the metropole and most populous constituent of the Kingdom of Denmark,, . also known as the Danish Realm, a constitutionally unitary state that includes the Autonomous a ...

in September 2022. In September 2022, Deputy Prime Minister of Singapore

Heng Swee Keat Heng Swee Keat (; born 15 April 1961) is a Singaporean former politician and former police officer who served as the Deputy Prime Minister of Singapore from 2019 until 2025. He was the Parliament of Singapore, Member of Parliament (MP) who rep ...

visited FPT with the aim of promoting partnership and cooperation of private sector enterprises between

and

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

. In October 2022, FPT invested in Japanese business consulting services provider LTS Inc., becoming its strategic shareholder. In 2023, FPT executed four M&A deals and invested in technology companies in the US and France, such as Intertec International, Cardinal Peak, AOSIS and Landing AI. On December 14, 2023, FPT launches automotive technology subsidiary in Texas – FPT Automotive. In April 2024 it partnered with American tech company

Nvidia Nvidia Corporation ( ) is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware. Founded in 1993 by Jensen Huang (president and CEO), Chris Malachowsky, and Curti ...

to build an AI (

artificial intelligence Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of re ...

) factory.

Organizational structure

In Vietnam, FPT's technology infrastructure appears in 63 out of 63 provinces and cities. Meanwhile, FPT has offices and branches in 30 countries and territories around the world. As of December 31, 2023, the corporation's business structure comprises 8 subsidiaries and 2 affiliated companies. 8 Subsidiaries: *

FPT Software FPT Software Company Limited () is a global IT services provider headquartered in Hanoi, Vietnam, being the core subsidiary of the FPT Corporation. As of 2024, the company reached US$2.47 billion in revenue and more than 54,000 core employees a ...

* FPT IS * FPT Telecom * FPT Online * FPT Education * FPT Investment * FPT Smart Cloud * FPT Digital 2 Associates: * Synnex FPT * FPT Retail

Business sectors

* Technology:

Software development Software development is the process of designing and Implementation, implementing a software solution to Computer user satisfaction, satisfy a User (computing), user. The process is more encompassing than Computer programming, programming, wri ...

;

System integration System integration is defined in engineering as the process of bringing together the component sub-systems into one system (an aggregation of subsystems cooperating so that the system is able to deliver the overarching functionality) and ensuring ...

;

IT services Information technology service management (ITSM) are the activities performed by an organization to design, build, deliver, operate and control IT services offered to customers. Differing from more technology-oriented IT management approach ...

* Telecommunications: Telecom services;

Digital content Digital content is any content that exists in the form of digital data. Digital content is stored on digital media or analog storage in specific formats. Forms of digital content include information that is digitally broadcast, streamed, or ...

* Education: General education; Vocational education; Higher education

References

* {{Commons category-inline Technology companies established in 1988 1988 establishments in Vietnam Companies listed on the Ho Chi Minh City Stock Exchange Companies in the VN30 Equal Weight Index Companies based in Hanoi Information technology companies of Vietnam