Minister of Information and Communications: FPT's Bet on AI, Semiconductor Chips and Automotive Software Is the Right Strategy

Việt NamViệt Nam16/02/2024

On February 15, 2024, in Hanoi, on the first working day of the Year of the Dragon, Mr. Nguyen Manh Hung, member of the Party Central Committee, Minister of Information and Communications (MIC) and the delegation of the MIC visited and worked at FPT Corporation. Minister Nguyen Manh Hung highly appreciated the achievements FPT achieved in 2023 and affirmed: "FPT is now large, among the top enterprises in Vietnam, has gone global, competed internationally and it is time to give back to Vietnam. FPT should use technology to modernize, digitally transform Vietnam, turn Vietnam into a dragon, a tiger and last forever". Attending the visit and working at FPT Corporation on the first day of the new year, along with Minister Nguyen Manh Hung, there were: Mr. Nguyen Huy Dung, Deputy Minister of MIC and leaders of the Department of Information Technology Industry, the National Digital Transformation Department, the Department of Telecommunications, the Department of Information Security under the Ministry of MIC. Welcoming the delegation of the Ministry of Information and Communications were Mr. Truong Gia Binh - Chairman of the Board of Directors of FPT Corporation and the leaders of the Group and its member companies. FPT focuses on AI, Semiconductors and Automotive Technology in 2024 Opening the working program with the leaders of the Ministry of Information and Communications, Mr. Truong Gia Binh - Chairman of the Board of Directors of FPT Corporation reported on the achievements FPT has strived to achieve in 2023 - a difficult year for all businesses. In 2023, FPT achieved revenue of 52,618 billion, up 19.6%; Profit of 9,203 billion, up 20.1% over the same period. A special highlight is that FPT's revenue from IT services from abroad reached 1 billion USD for the first time, FPT has expanded its presence in 30 countries around the world. Talking about the goal in the year of Giap Thin, Mr. Truong Gia Binh affirmed: "The heavenly stem of this year is Giap - positive wood. The Wood part is technology. This year is predicted to be the year of technology development and strong movement. Thin is the year of the Dragon, the Dragon in Asian culture is a symbol of strength. So the right time is Technology, the right place is the power to turn the dragon, the only problem is Human harmony. FPT unites and focuses on developing human resources. BT working with FPT- CT

Mr. Truong Gia Binh - Chairman of the Board of Directors of FPT Corporation shared the achievements of FPT in 2023.

According to Mr. Truong Gia Binh, AI, Semiconductor and Automotive Technology are the three directions that FPT technology block will focus on. In all three directions, FPT has a foundation accumulated over many years. FPT has a large team of AI experts, built the Quy Nhon Artificial Intelligence Center and participated in the world AI alliance initiated by IBM and Meta. During the past Tet holiday, FPT had more than 170 AI certificates issued by NIVIDIA and will strive to reach tens of thousands of certificates in the future. In the field of semiconductor chips, FPT Semiconductor is the first Vietnamese company to design commercial chips, with orders of 70 million chips for Japan, Korea, Taiwan... and cooperates with many organizations and companies in Japan and the US. In addition, the group has a team of 4,000 experts in the field of automotive software technology and many partners and customers are big global brands, establishing FPT Automotive company. “To achieve the big goal, FPT thinks the most important thing is people, happiness and we use AI to help people, life is happier,” Mr. Truong Gia Binh affirmed. Minister Nguyen Manh Hung: FPT inspires Vietnamese digital technology enterprises. During the working session, Minister Nguyen Manh Hung acknowledged the results FPT achieved in 2023. According to the Minister, Vietnam has over 40,000 Digital Technology Enterprises, most of which are small-scale. FPT's success will inspire small businesses, especially when going abroad. BT working with FPT- bt

Minister Nguyen Manh Hung had high expectations for FPT during his visit to the Group on February 15, 2024.

Commenting on FPT's achievements in 2023 with the milestone of FPT's revenue from foreign markets reaching 1 billion USD, the Minister said that this is a breakthrough step that brings FPT to a different rank and class globally. Mr. Nguyen Manh Hung affirmed: "It can be said that digital technology, digital transformation, AI and perseverance with the initial strength have helped FPT succeed. FPT's bet on AI, semiconductor chips and automotive software technology, especially AI, is a very correct strategy." Talking about FPT's legacy, the Minister affirmed that it is the Hope School. "More than 200 children orphaned by Covid-19 are growing up in FPT's Hope School. Covid 19 destroyed but also gave birth to new life. Those lives are growing here, in FPT itself," the Minister said. In the future, Minister Nguyen Manh Hung entrusted FPT to apply technology to promote digital transformation and green transformation to change the life of the earth as well as build digital infrastructure, contributing to the development of the digital economy. In addition, the Minister believes that FPT will succeed in the field of AI - the main and most important technology of the fourth industrial revolution. AI must be popularized as a service and the responsibility belongs to digital technology companies like FPT. BT working with FPT

Mr. Truong Gia Binh presented Minister Nguyen Manh Hung with the book From nothing to a Global Corporation - the first book of FPT launched to the public and the business community, with many success stories and painful experiences on the 35-year journey to become a company with a global position.

2024 will be the first year that Vietnam implements the national strategy on the semiconductor industry. This is a fundamental industry and a key national industry in the next 30-50 years. According to the Minister, FPT wants to develop the semiconductor and electronics industries, it must have a bigger vision and greater determination. "This year is Giap Thin, symbolizing the element of Wood, the beginning of a 10-year cycle of the heavenly stems, belonging to the element of fire - Phu Dang Hoa, a shining lamp that dispels the difficulties of the previous year. The year of the Dragon symbolizes power, sacredness, the year of success. I wish FPT a year of awareness of the mission of the nation and people, taking advantage of the energy of heaven and earth to succeed", the Minister expressed his confidence in FPT Corporation in the new year.

FPT


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