While many large enterprises from real estate, finance to retail... are facing difficulties, Mr. Truong Gia Binh's FPT Group received positive information, its shares broke out. From 75,000 VND/share at the end of October 2023, FPT increased sharply, at times reaching nearly 140,000 VND/share in July, and is currently still around 135,000 VND/share. FPT's breakthrough goes against the backdrop of a sluggish market, low liquidity, and strong net selling by foreign investors... Mr. Truong Gia Binh's assets have nearly doubled and are currently at about 12,100 billion VND, ranking 7th among the richest people on the Vietnamese stock market. With a lot of supporting information, along with the explosive development trend of artificial intelligence (AI), this rare technology group in Vietnam may have more strong steps forward in the future. Many people think that Mr. Truong Gia Binh will be the next USD billionaire of Vietnam. Mr. Truong Gia Binh could be the 7th USD billionaire. According to Resolution 66 of the Government on the Action Program to implement Resolution 41, the goal is to have at least 70 billion USD capitalized enterprises and 10 USD billionaires by 2030.

Mr. Truong Gia Binh. Photo: HH

FPT receives good news On October 2, the Board of Directors of FPT Digital Retail Joint Stock Company (FPT Retail, code FRT) approved the establishment of a 100% owned subsidiary, FPT Long Chau Investment Company Limited (District 3, Ho Chi Minh City). This company will manage the group's investment in FPT Long Chau Pharmaceutical Joint Stock Company - owner of the Long Chau pharmacy chain. This decision is considered a move to pave the way for the retail giant under FPT to raise capital through private offering of shares of the Long Chau pharmacy chain to investors. The establishment of an investment/holding company is a basic model for IPO and listing of shares on the stock exchange. Previously, at the 2024 Annual General Meeting of Shareholders, Ms. Nguyen Bach Diep, Chairwoman of the Board of Directors, said that the company's ambition is to become a healthcare unit, building a comprehensive healthcare ecosystem with stages such as prevention, diagnosis (testing), treatment (clinics, hospitals), prescription drugs, home care, health insurance. This could be a new step forward for FPT. FPT Corporation currently holds more than 46.5% of FRT shares, in addition to major shareholders being foreign giants such as Dragon Capital, CTBC Vietnam Equity Fund, Norges Bank... Although it was only developed since 2017, to date, FPT Long Chau has nearly 2,000 pharmacies and 123 vaccination centers, serving more than 20 million customers nationwide. This is also the only pharmacy chain present in 63 provinces and cities. In 2023, the pharmacy chain will bring in VND 15,888 billion in revenue, up 66% compared to 2022. Stores recorded an average revenue/pharmacy/month of VND 1.1 billion. In 2024, FPT Long Chau continues to set a double-digit growth target. In the first 6 months of 2024, the pharmacy chain contributed more than VND 11,500 billion in revenue, accounting for 63% of FRT's revenue structure, up 67% over the same period. FPT Long Chau's growth rate is fast and is expected to contribute significantly to FPT's recent and future breakthroughs. Billionaire Truong Gia Binh's "money printing machines" FPT Group has positive prospects in the technology sector. According to SSI Research, FPT's after-tax profit could exceed VND9,000 billion in 2024 and VND11,000 billion in 2025. The AI ​​sector is full of potential with many AI factories being formed. In the first 6 months of the year, FPT reported after-tax profit of VND4,400 billion, up 21%. The target of GPU cloud services from AI Factory will reach USD100 million in 2027, thanks to the AI ​​cooperation relationship with the giant Nvidia. FPT's foreign information technology sector is growing strongly, with the Japanese market increasing by 35%, Europe increasing by 54%... in the first half of the year. FPT also recorded strong growth in the education sector. Recently, Loc Phat Commercial Joint Stock Bank (LPBank - LPB) of Mr. Nguyen Duc Thuy (Mr. Thuy) intends to spend about VND10,000 billion to buy 5% of FPT's capital. LPBank assessed that FPT is a leading technology company in Vietnam, with a solid business foundation and a high growth rate maintained over a long period of time. FPT is increasingly moving higher on the technology value chain thanks to its focus on AI, Cloud, Big Data and specialized fields with great development potential. FPT code is one of the few stocks that have maintained a stable price increase over the years, paying dividends regularly. It can be seen that, along with the AI ​​wave in the world, FPT stock is in an impressive uptrend. Many international technology giants are thriving, such as Nvidia of Chairman and CEO Jensen Huang, stocks such as Super Micro Computer, Amazon, Microsoft and Google... Nvidia stock has increased in price nearly 6,000 times since its IPO in 1999. Some large technology corporations are stepping up cooperation with Vietnamese enterprises. In Vietnam, FPT has increased sharply in price after a long period of stagnation. A promising breakthrough, thanks to the advantages of software export activities as well as cooperation with the world's largest technology enterprises such as Nvidia... Regarding policy, on August 9, Prime Minister Pham Minh Chinh signed a decision to establish the National Steering Committee for the development of the semiconductor industry. The Steering Committee is responsible for researching, consulting, recommending, proposing directions and solutions to promote the development of the semiconductor industry in Vietnam; directing and coordinating between ministries, ministerial-level agencies, government agencies and relevant agencies and organizations to promote the development of the semiconductor industry in Vietnam. And it is very possible that the breakthrough of FPT technology stocks will make Mr. Truong Gia Binh a USD billionaire, like CEO Jensen Huang.

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