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FPT Software's Board of Directors received good news when it reached the milestone of 1 billion USD in software export revenue.

FPT's $1 billion in overseas IT services revenue has doubled in three years, mainly coming from three key markets: Japan, the Americas and Asia Pacific. To date, these markets have all grown by over 30%. Of which, the Japanese market has grown by 54%, driven by the large demand for IT spending in this market, especially spending on digital transformation.

In particular, in recent years, FPT's IT services in foreign markets have shifted strongly to higher stages in the technology value chain, with 50% of total revenue from abroad coming from digital transformation services and increasing nearly 6 times in the past 5 years. In particular, focusing on new technologies such as Cloud - accounting for 40% of digital transformation service revenue, other technologies such as AI, data analysis accounting for 12%; RPA & Lowcode accounting for 10%...

After more than 2 decades of experience in the global market, the company has built in-depth capabilities in specialized fields with great potential for future development. As a result, of the 1 billion USD in IT service revenue from foreign markets, 21% comes from customers in the field of automotive software technology and manufacturing, 11% from the banking and finance sector, 11% from energy, etc. In particular, revenue from the automotive software industry and manufacturing maintained a growth rate of over 30%, demonstrating FPT's increasing reputation with customers in this field.

In 2023, FPT has made many important strides in raising its level in the global market through M&A deals, cooperation with major partners in many fields and improving technological capacity in specialized fields.

Within just 1 year, FPT has made 4 M&A deals and invested in famous technology companies in the US and France such as Intertec International, Cardinal Peak, AOSIS, Landing AI. These deals help FPT quickly improve its technological capacity in new areas such as SAP, Data, Cloud, IoT, AI, embedded software, smart solutions, etc.; supplement high-quality human resources from the participation of experienced foreign technology experts; expand new customer base in the Americas and Europe; thereby quickly seizing the opportunities that are opening up globally.

FPT has also expanded and enhanced its cooperation with many of the world's most famous partners such as SAP, Microsoft, AWS, Salesforce, Adobe, joined the AI ​​Alliance initiated by IBM and Meta..., creating a distinct competitive advantage for the company to participate in large-scale digital transformation projects; compete fairly with formidable opponents from India, Europe, and the US, bringing in contracts worth tens and hundreds of millions of USD.

In addition, FPT has organized hundreds of visits and worked with large business delegations, opening up new business opportunities in the future.

At FPT Techday 2023, for the first time, Vietnam simultaneously welcomed top leaders of 600 businesses from all continents to explore cooperation opportunities.

The strategy of expanding scale and investing in depth was also strongly implemented last year to maximize opportunities in areas with high growth potential such as automotive software, banking and finance, energy, healthcare, etc. FPT established FPT Automotive with a target of 1 billion USD by 2030, to conquer the automotive software industry market with an expected scale of 116.62 billion USD by 2032.

As a world-class technology company, FPT will continue to make Vietnam a new technology hub of the world with the goal of achieving billion-dollar revenue and profit milestones from a single market, industry and contract.

In particular, Chip and AI are considered by FPT as key directions in the coming time, and are one of the key factors for Vietnam to catch up with advanced countries in the world.

Recently, the group's leaders have had working sessions to seek cooperation opportunities with Nvidia - the leading semiconductor chip group, with the desire to accompany Nvidia to make Vietnam a stronghold to attract AI and semiconductor talents around the world to contribute to the development of the semiconductor and artificial intelligence ecosystem, promote startups, design, and develop supercomputers...

FPT Chairman Truong Gia Binh shared: "More than two decades ago, FPT aspired to bring Vietnamese intelligence and technology to the world and FPT Software was established to realize that vision. After two decades, Vietnam has ranked second in the list of countries and global destinations for IT services, known to the world as a center for business investment and digital innovation. We have proven our pioneering role in promoting this wave, bringing Vietnamese intelligence to shine across five continents. On the journey ahead, we will still have a dream of bringing the country to the highest level with technology, for a sustainable and happy future."