Hanoi (VNA) - FPT Corporation’s revenue and pre-tax profit in 2018 were 23.2 trillion VND (almost 1 billion USD) and 3.85 trillion VND, respectively.
These figures were equal to 106 percent and 111 percent of the year’s target, achieving strong growth of 17 percent and 30 percent year on year, respectively, (excluding one-off profit from divestment in FPT Retail and Synnex FPT as well as incorporating ones under the equity method).
Compared to the reported number (no adjustment) of 2017, revenue and pre-tax profit are down 47 percent and 9 percent year-on-year, respectively.
After-tax profit attributable to parent company’s shareholders was 3.23 trillion VND and 2.6 trillion VND, up 30 percent and 35 percent in like for like, down 8 percent and 11 percent compared with the report of 2017, respectively.
Earnings per share was 3,897 VND, up 35 percent in like for like and down 13 percent year-on-year.
The technology sector recorded revenue and pre-tax profit of nearly 13.4 trillion VND and 1.5 trillion VND, equal to 110 percent and 104 percent of the target, up 21 percent and 34 percent year-on-year, respectively.
In 2018, overseas markets brought FPT revenue of 9.097 trillion VND, up 26 percent year-on-year and pre-tax profit of 1.472 trillion VND, up 27 percent year-on-year.
The overseas revenue contributed 39 percent to the corporation’s total revenue, from 16 percent in 2017. - VNA
Most of the top tech firms in Vietnam performed well last year, with combined revenue reaching 374.4 trillion VND (16.7 billion USD) while employing around 93,000 workers in total.
The Ho Chi Minh Stock Exchange (HOSE) on January 5 announced the top 10 securities companies with the largest brokerage share and fund certificates in the fourth quarter of 2018.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Source: FPT)
