The Business Strategy

Development Strategy 2024 – 2026

In the 2024 – 2026 period, FPT aims to accelerate its Digital Transformation efforts, promote Green Transformation, and initiate Intelligent Transformation.

DC5 initiatives

FPT remains resolutely committed to implementing the DC5 Strategy outlined in 2023 – the 35^th milestone year of its development journey.

With the aim of cultivating happiness for every individual, success for every organization, and increasing the nation's prosperity, during the period 2024 – 2026, DC5 (Digital Conglomerate 5.0) will prioritize the concurrent development of products, services, and solutions in two fundamental directions:

Creating Smart solutions tailored for organizations and enterprises while offering Convenient services for individuals through AI and Data platforms;
Enhancing ecosystem expansion and collaboration with partners within and outside the Corporation to deliver comprehensive and optimized digital experiences for individuals, organizations, and businesses. Furthermore, this initiative aims to broaden FPT's customer base and seize new business opportunities:
- External ecosystems and partners: Online payment systems, Banks, Social networks, Online applications, and Retail chains and supermarkets;
- FPT's ecosystem: The extensive integration of FPT ID, FPT Pay, Happy Club, and the Customer Data Platform services into all Made-by-FPT services, products, and solutions.

Principal initiatives by the business sector

The Technology sector experiences rapid expansion across global markets, broadening its range of services and domains

Strengthening expertise in the Automotive sector: Leveraging the AutoSAR architecture, FPT is committed to investing in the development of intelligent solutions, offering comprehensive automotive services with the objective of achieving a 50% annual growth rate and attaining a revenue milestone of 01 billion USD by 2030. Presently, FPT boasts a workforce of over 4,000 engineers and specialists specializing in automotive software and maintains a robust network comprising more than 150 distinguished clienteles, including globally renowned brands such as Honda, Hyundai, Volvo, VinFast, Ford, Yazaki, LG, Panasonic, NXP…
Diversifying offerings in the Semiconductor sector: FPT will further expand its portfolio by augmenting the design of chip models and engaging in Outsourced semiconductor assembly and test (OSAT) services while scaling up production capacity. Additionally, FPT sets a target to train 10,000 engineers and specialists in the semiconductor industry by 2030 (including those acquiring short-term conversion certificates from related fields such as Electronics and Telecommunications). FPT has secured orders for nearly 70 million chips until 2025.
Continuing to invest in AI, Cloud, cybersecurity services and new technology infrastructure services such as GPU as a service (Graphic Processing Units - Virtual server service to accelerate machine learning and graphics tasks, AI…).
Promoting the development of FPT Cloud, FPT AI platforms and Made-by-FPT products and solutions (SaaS and Cloud on Premise) towards in-depth expertise in industries.
Expanding System Integration services and Infrastructure Managed Services for East Asia and Southeast Asia.
Taking the lead in Digital Transformation, Green Transformation, and progressing toward Intelligence Transformation.
Maintaining the growth across all global markets. In particular, the East Asian market, including Japan, Korea, and China with cultural similarities and the China + 1 transition trend, is expected to maintain a high growth rate.

The Telecommunications Sector becomes the provider of Internet and Online services with the best experience

To ensure stable quality and provide an exceptional service experience to customers, FPT will prioritize adopting AI technology, automating operational support, and optimizing transmission lines based on service requirements. Additionally, there will be enhancements in terminal devices, along with the integration of telecommunications services with Digital Conglomerate 5.0 – DC5.

Data Center services will undergo continuous upgrades and enhancements to provide comprehensive solution suites covering infrastructure and software for business customers. The ultimate goal is to ensure that "Vietnam's data remains in Vietnam."

Building on the initial successes of the VnExpress Marathon community, which includes multiple activities on social networks, online competitions (VRace), and large-scale tournaments like the VnExpress Marathon with up to 10,000 participants, FPT is committed to expanding this model for other communities. This expansion will be facilitated through the development of Vietnam's premier Social Online-Offline Platform.

The Education sector expands the scale and the quality

The Education sector continues to expand both the scale and the quality by investing in building a network of universities, colleges and inter-level schools in many provinces and cities nationwide, while adding new majors, directly serving learners' needs in fields such as: Semiconductor, Automotive, Game Design…

Investment in Technology and Human Capital

Promote investment in platform technologies

Artificial intelligence plays a core role in FPT's development strategy (DC5), aiming to serve at least 50% of Vietnamese citizens and 300 million of global citizens. Generative AI solutions (such as AI Mentor, ChatbotGPT...), visual AI (LandingLens) are developed according to specialized industry orientations, bringing outstanding advantages to the Made by FPT product suite and to FPT's customers in business and production.

The Corporation will also continue to promote cooperation with Landing AI - Top 10 most impressive startups in the US – to catch the wave of computer vision. In 2024, FPT and Landing AI will promote building solutions to apply Large Vision Model (LVM) in order to solve many demanding problems in the fields of Manufacturing, Agriculture, Healthcare, Retail... Especially, Landing Lens solutions for detecting errors in production are being tested at many factories with outstanding effectiveness in terms of accuracy, early detection and high productivity in the fields of machinery manufacturing and engineering compared to traditional methods. Large-scale and image-based identification, classification and diagnostic solutions are also being tested for AI cameras, medical diagnostics, logistics and retail management.

In the field of semiconductor chips, the Corporation continues to promote the search for potential partners globally to cooperate in investing and participating in testing services, expanding production scale as well as training high-tech human resources in both the short and long term for the semiconductor industry, meeting the great demand of the market.

In the realm of Cloud technology, our focus lies in advancing a super-converged cloud platform, fostering innovation by consistently broadening the product ecosystem and expanding the service portfolio to encompass over 100 services. Additionally, we prioritize the development of platform services (PaaS) and novel solutions, including high-performance computing, AI service development infrastructure, and VDI (Virtual Desktop Infrastructure). Furthermore, we anticipate extending our Cloud service offerings to reach other pivotal markets in the Asia Pacific region.

Simultaneously, the Corporation maintains its focus on advancing internal digital transformation to enhance management efficiency, optimize operational productivity, and maximize efficiency through widespread replication of successful digital transformation initiatives within the corporation. This involves leveraging technology to streamline professional management activities across various vertical functions, including Finance, Human Resources, Technology, Quality, Marketing & Communications…

Scaling up and enhancing the quality of human resources

By 2035, FPT aims to have 01 million digital transformation professionals engaged in the Digital Conglomerate that aims to "Building A Happier Future", driving robust digital transformation initiatives domestically and internationally. Concurrently, the Corporation will persist in cultivating a joyful work environment, fostering optimal conditions for employee growth, and drawing technological talent from around the world, bolstering long-term sustainability.

Plan of 2024

In 2024, FPT targets growth of 17.5% in revenue and 18.2% in pre-tax profit, reaching VND 61,850 billion and VND 10,875 billion, respectively. At the same time, the corporation will also continue to invest in expanding office complexes in big cities such as Hanoi, Da Nang, Ho Chi Minh City, Quy Nhon... as well as investing in technology infrastructure, telecommunications, education, and business activities with an estimated investment of 6,500 billion VND.