Starting from 2023, emboldened by a groundbreaking strategy in both development orientation and market expansion, the Company was poised to transition from a project-centric business model to a platform-centric approach, thereby broadening its global market footprint. We aim to continually facilitate swift, efficient, and reliable transactions among government entities, individuals, and businesses. I firmly believe that this endeavor presents tremendous opportunities for technology experts striving to innovate and create solutions that directly contribute to the advancement of Digital Government, Digital Society, and Digital Economy landscapes.
In 2023, FPT's revenue and profit before tax in IT Services for the domestic market reached 7,161 billion VND and 380 billion VND, respectively. This represented a growth of 4.6% and a decline of 2.5% compared to the same period. The slower growth rate was primarily attributed to the challenging domestic economic landscape, resulting in reduced spending on IT services. Additionally, the implementation of IT projects in both corporate and government sectors encountered numerous obstacles.
Despite the hurdles, with almost three decades of pioneering experience in delivering cutting-edge digital transformation products, solutions, and services in Vietnam and the region, FPT remains steadfast in its mission as a trusted partner "alongside" the government, localities, and businesses. The company is committed to leveraging technology as a robust lever to bolster and enhance competitive advantage, drive sustainable development, and steadfastly overcome short-term challenges.
2023 was designated as the Year of National Digital Data by the Prime Minister and Chairman of the National Committee on Digital Transformation. Also, FPT recognized the pivotal role of data strategy in driving all digital transformation endeavors. Collaborating closely with the government and provinces/cities nationwide, FPT dedicated itself to pioneering innovative infrastructure models and IT platforms anchored on authentic, comprehensive, clean, and real-time data. Amidst a volatile global economic landscape, FPT stood in solidarity with corporate clients, leveraging technology as a cornerstone to surmount challenges and maintain competitiveness. Beyond delving into the digitization of management stages to address specific challenges in production management, quality management, procurement and expenditure management, and sales management, tailored to the unique characteristics of industries such as wood, steel, plastic, and others, FPT ensures a swift deployment and assists businesses in harnessing their vast data sources, empowering business leaders to effectively address business challenges and make timely, contextually appropriate decisions. With FPT's support, numerous large businesses have not only maintained stability during challenging times but also set ambitious growth targets of up to 50-60% by 2024. These success stories further underscore the pivotal role of technology as a formidable asset in navigating the digital economy, highlighting FPT's unwavering commitment and technological prowess in serving its customers.
In 2023, the Made-by-FPT ecosystem achieved revenue of 1,637 billion VND, marking a remarkable growth of 42.3% compared to the previous period. This ecosystem played a significant role in driving growth for the IT Services segment for the domestic market, underscoring FPT's strategic shift toward product development.
Building upon core technologies, FPT has expanded its portfolio to develop new platforms and solutions aimed at addressing not only internal needs but also catering to the evolving requirements of businesses, organizations, and individuals worldwide. The Made-by-FPT ecosystem has continuously been developed and refined. In 2023, FPT had 06 products surpassing 100 billion VND in revenue, trusted by prominent customers, including FPT.IDCheck, akaBot, akaMes, TaxSuite tax solution suite, the electronic signing solution suite… The Corporation's objective is to elevate this achievement by ensuring at least 10 products gain the revenue milestone of 100 billion VND each while striving for a 40% increase in total revenue for the Made-by-FPT Ecosystem in 2024.
One of FPT's strategic Made-by-FPT products is akaBot, which has garnered 4,000 business clients across various industries and countries by leveraging cutting-edge technology. In November 2023, FPT secured its second patent in the US for the "Automatic machine learning system for document separation and classification", implemented within the akaBot Vision and UBot Invoice features.
FPT has made early investments and concentrated on the development of emerging, high-demand products, including semiconductors and ESG-related products and services. Presently, it has secured orders for over 70 million chips, with plans to supply 25 million chips to the market in 2024. In addition to understanding businesses' challenges and the global trend toward green transformation, FPT leverages its team of seasoned experts in green technology to confidently address issues related to greenhouse gas inventory and ESG reporting. FPT's solutions enable businesses to automate and digitize the entire process of environmental data collection, calculation, management, emissions reporting, and progress monitoring, ensuring compliance with international standards.
Because of the relentless dedication to our research and product development team in capturing, applying, and mastering cutting-edge technologies worldwide, FPT achieved remarkable growth in the AI and Cloud platform business in 2023, securing nearly 900 billion VND in signed revenue. Actual revenue reached 421 billion VND, marking a 70% increase compared to 2022. During the FPT Techday 2023, witnessed by 2,500 leaders from international businesses and over 7,000 domestic guests, FPT officially launched several groundbreaking products, including the Generative AI Platform for businesses (FPT GenAI), the Consolidated Financial System (FPT CFS), and four Platform-as-a-Service (PaaS) products. These platforms, solutions, and products were introduced to the market with the aim of delivering breakthrough value in customer experience and labor productivity for businesses, thereby driving growth.