The story
Founding and early years (1988–2001)
FPT was founded on 13 September 1988 as the Food Processing Technology Company (Công ty Công nghệ Thực phẩm) by a group of 13 scientists led by Trương Gia Bình.
The company's first major contract, worth US$1 million, was an exchange of computers for equipment with the Soviet Academy of Sciences, which led to a relationship with the computer maker Olivetti. In 1990, the company was renamed the Corporation for Financing and Promoting Technology, keeping the acronym FPT, and it moved into computer distribution and system integration for the domestic market.
In 1997, FPT was one of the first four companies licensed to provide internet services in Vietnam, the year the internet became available to the public in the country. FPT Software was founded on 13 January 1999 to provide software outsourcing services. In February 2001, FPT launched the online newspaper VnExpress.
Equitization and listing (2002–2008)
FPT became a joint-stock company in 2002, following a decision of the Prime Minister dated 28 February 2002. In November 2005, FPT Software set up a subsidiary in Japan, FPT Japan. Revenue from Japan grew from US$5.4 million in 2005 to US$62 million in 2014.
On 8 September 2006, the Prime Minister approved the establishment of FPT University, a private university founded by the company. In October 2006, FPT received a US$36.5 million investment from TPG, through its TPG Ventures fund, and Intel Capital. In November 2006, it signed a three-year strategic alliance with Microsoft, extending an earlier memorandum of understanding. FPT shares began trading on the Ho Chi Minh City Stock Exchange on 13 December 2006, making it the first Vietnamese IT company to list on the stock market.
In October 2008, the company changed its English name to FPT Corporation. At the end of 2008, it reported total revenue of US$1 billion, with more than 9,000 employees.
International expansion (2009–2018)
In June 2014, FPT agreed to buy RWE IT Slovakia from the German energy group RWE, the first overseas acquisition by a Vietnamese ICT company.
In 2017, FPT reduced its holdings in its retail and distribution businesses. It sold 30% of FPT Retail to funds associated with VinaCapital and Dragon Capital, and 47% of its distribution arm FPT Trading to Synnex. Both companies then became associates of FPT rather than subsidiaries. FPT Retail, founded in 2012, was listed on the Ho Chi Minh City Stock Exchange in April 2018.
Read the full text
2019–present
Nguyễn Văn Khoa became chief executive on 29 March 2019, succeeding Bùi Quang Ngọc. In 2020, FPT joined Keidanren, the Japan Business Federation.
During the 2020s, FPT made a series of acquisitions and investments abroad and at home. These included a majority stake in the Vietnamese software company Base.vn in 2021, an investment in the US firm Intertec International from 2021 followed by the purchase of its IT services division, the US product engineering firm Cardinal Peak and an 80% stake in the French IT consultancy AOSIS in 2023, the Japanese company NAC in 2024, and the German energy-sector IT consultancy David Lamm Consulting in 2025. In October 2023, FPT became one of the major investors in the US company Landing AI. In December 2023, it launched an automotive technology subsidiary, FPT Automotive, in Texas.
In December 2023, FPT announced that its revenue from global IT services had passed US$1 billion for the first time. Its revenue from the Japanese market passed US$500 million in 2024.
FPT's semiconductor subsidiary released its first chips in August 2022. The chips, intended for medical IoT devices, were designed in Vietnam and manufactured in South Korea. In January 2026, FPT announced plans for a chip testing and packaging plant in Bắc Ninh province.
In April 2024, FPT announced a US$200 million investment in an artificial intelligence factory using Nvidia chips. The FPT AI Factory was launched in Japan and Vietnam in November 2024. In April 2025, SBI Holdings and Sumitomo each acquired a 20% stake in FPT Smart Cloud Japan, with FPT keeping 60%. By mid-2026, the AI Factory clusters in Vietnam and Japan had reached more than 90% utilisation.
In June 2024, a rise in its share price made FPT the largest private conglomerate in Vietnam by market capitalisation, and the third most valuable listed company after Vietcombank and BIDV. The share price later fell from a peak reached in January 2025, and by July 2026 FPT was no longer among the ten largest listed companies by market value. In September 2026, FPT was added to the FTSE Global All Cap index.
In June 2026, during a visit to Hanoi by Thai Prime Minister Anutin Charnvirakul, FPT signed memoranda of understanding with the Thai companies AMATA Group and CP Group on smart industrial estates and artificial intelligence.
From Wikipedia’s article on FPT Corporation, shared under CC BY-SA 4.0.4