FPT sets a target of 30% growth in digital transformation revenue, developing new technology products “make in Vietnam”
On May 31, Ho Chi Minh City Securities Joint Stock Company – HSC (stock code: HCM) held a C2C Webinar with the theme “FPT: Vietnam Technology – Global Position”. At the seminar, there was the presence of Ms. Vu Thi Thu Thuy – Director of Consulting and Market Assessment of the Science and Technology sector of HSC; Mr. Vu Anh Tu – FPT Technology Director and Mr. Nguyen The Phuong – Deputy General Director and CEO of FPT.
Digital transformation potential
At the seminar, Ms. Thuy shared about the impact of the Fed’s interest rate hike and the impact on the stock market. Until now, investors often think that when the Fed raises interest rates, the stock market will fall. But in fact, statistics show that the stock market often goes ahead, reflects information and adjusts early. When the central bank continuously raised interest rates, stock prices rose again.
In the 12 periods the Fed raised interest rates, there were 11 times when the S&P 500 increased
After 1 year of the Fed’s interest rate hike, many industries recorded good increases, of which the technology industry was at the top with 19%.
For Vietnam, technology is the new growth engine and the industry is even more important. According to the Asian Productivity Organization (APO), composite factors (TFP), often referring to scientific and technological progress, are expected to significantly increase their contribution to GDP growth. of Vietnam, this sector is estimated to contribute 2.4% of the growth rate of 7% in the period 2025-2030, equivalent to a contribution of 34%.
Regarding the potential of global digital transformation, Mr. Vu Anh Tu said that the growth of digital transformation globally is 16%, the digital transformation investment value is expected to reach $2.4 trillion by 2024. Currently, 70% of organizations Global organizations and businesses have invested in accelerating digital transformation. In which, the main technologies promoting digital transformation: AI, Bockchain, Cloud, Bigdata.
In Vietnam, the wave of digital transformation is sweeping into all areas of socio-economic life. Many 10 – 20 year digital transformation goals are accelerated in 3-5 years. 55/63 localities have issued resolutions on digital transformation. With the total revenue of the whole industry reaching VND 3,462,170 billion, up 9.6%.
FPT’s goal with the leading position in Vietnam’s technology industry
Talking about the potential of FPT, Mr. Nguyen The Phuong shared that FPT is the leading technology company in Vietnam, operating with 3 business blocks: technology, telecommunications and education.
In which, the technology sector is the key block and the main growth engine for FPT. FPT provides a full system of technology products and services from digital transformation consulting; to technology-based digital transformation solutions; comprehensive artificial intelligence and cloud computing platforms; specialized solutions and services for the fields of: Finance – Banking, Manufacturing, Healthcare, …; integrated switch technology system.
FPT is doing technology business mainly in foreign markets with 4 markets: Japan, USA, Europe, Asia Pacific. FPT’s outsourcing rate only accounts for a few percent, but mainly develops the entire platform for companies. FPT’s average revenue in foreign markets is 36,000 USD/person/year and steadily growing 10%/year.
For the domestic market, FPT’s main customers are the government, provinces and medium and large enterprises.
With the telecommunications sector, FPT has the position and scale of the top 3 internet service providers in Vietnam, with a wide range of products and services from telecommunications and FPT television to the leading digital communication ecosystem. .
For the education sector, this is FPT’s best growth in 2021 with 32.5%.
Mr. Vu Anh Tu added that in the technology sector, in the past year, FPT has had the opportunity to work with many major partners, and there are 2 leading technology experts joining the Board of Directors, Mr. Hiroshi Yokotsuka, Mr. Hampapur Rangadore Binod. .
Seizing that opportunity, FPT aims to become the Top 50 leading companies in digital transformation in the world. FPT sets a target for digital transformation revenue growth of 30-40%.
FPT’s technology products are not only pioneered in Vietnam but also included in the list of Gartner Pear Insights (akaBot, akaChain, Cloud MSP). From 2021, FPT has set its strategy as data driven – customer centric. By 2022 – 2204, FPT will focus on developing new products on a larger scale, towards paperless solutions.
When asked about inflation risks, will FPT’s market be affected, Mr. Phuong shared that in an inflationary environment, businesses will cut spending when facing difficulties, but after Covid, the digital transformation process still going strong. New technologies have proven to be advantageous to help businesses increase production efficiency greatly.
at Blogtuan.info – Source: genk.vn – Read the original article here