FPT wants to join Forbes Global top 500

Expanding into a regional hi-tech corporation with a large IT workforce is among the first steps for FPT to reach this ambitious goal, he added.

FPT is facing an important turning point related to changes in the role of information technology in Vietnam. It would become the foundation of a new development method that could help increase the country’s competitiveness. This turning point also links it to the role of FPT in Singapore and the rest of ASEAN, Binh asserted.

He said it is time for FPT to compete in Singapore’s market with well-known global corporations such as Acenture, IBM, and HP from the US; Tata, Wipro, and Infosys from India; or Neusoft and Hisoft from China.

From 1988 to 2012, FPT revenue increased at an average rate of 53.23% each year. Its profits grew at an average rate of 52.57% per year.

The company has created 15,000 jobs and will contribute VND23.562 trillion, equivalent to US$1.1 billion, to the state budget in 2013.

It is expecting to expand its workforce by almost seven times, to 100,000, in the next seven years, according to newswire Vneconomy.

FPT has branches in 50 provinces across Vietnam and 14 countries, including Japan, Singapore, France, Australia, and Germany. In 2012, the company was listed among the top 100 global software and business process providers.

It is currently investing in new services including Mobility, Cloud, BigData, and BPO. FPT expects that the Singapore market will help it gain $100 million in revenue in the next three years, Binh added.

FPT also received a certificate from Deputy Prime Minister Nguyen Thien Nhan for its contribution to the development of Vietnam’s information technology sector at its 25th anniversary, held on September 7th.