In 2024, FPT will pay dividends at a rate of 35%

DNVN - On April 10, FPT held its 2024 Annual General Meeting of Shareholders in both online and in-person formats. The 2024 FPT General Meeting of Shareholders approved many important contents such as the strategy for the period 2024 - 2026, the 2024 plan; the plan to use 2023 profits and the 2024 dividend payment policy...

Accordingly, in 2024, FPT aims to increase revenue by 17.5% and pre-tax profit by 18.2%. Regarding dividend payment policy, in 2024, FPT will pay a 20% cash dividend, of which 10% was paid in 2023 and the remaining 10% is expected to be paid in the second quarter of 2024; pay stock dividends at a rate of 15%, shareholders owning 20 shares will receive 3 new shares (ratio 20:3).

Artificial Intelligence: plays a core role in FPT's development strategy, aiming to serve at least 50% of Vietnamese citizens and 300 million global citizens. The Group will focus on expanding the AI ecosystem. The FPT.AI artificial intelligence platform currently has over 20 products and solutions, with 2-3 new products and solutions added each year. Generative AI solutions (such as AI Mentor, ChatbotGPT...), visual AI (LandingLens) are developed in a specialized industry orientation, bringing outstanding advantages to the Made by FPT product set and to FPT's customers in business and production.

FPT headquarters in Hanoi.

Improving specialized capacity in the field of automotive software technology: FPT is promoting investment in researching smart solutions, providing integrated services on cars with the goal of growing 50%/year and achieving revenue of 1 billion USD by 2030. FPT currently has more than 4,000 engineers and experts in the field of automotive software, a network of more than 150 customers including famous brands in the world such as Honda, Hyundai, Volvo, VinFast, Ford, Yazaki, LG, Panasonic, NXP....

Expanding services in the semiconductor industry: FPT continues to seek cooperation opportunities, supply chips to customers globally and promote human resource training in the semiconductor industry. In 2022, FPT will launch the first generation of microchip products applied in Internet of Things products for the medical field. The Group has signed a contract to supply 70 million chips until 2025 to Taiwan, Japan, and South Korea. In the field of human resource training, in 2024, FPT will receive the transfer of the semiconductor technology training program from the UK to be implemented at BTEC UK College (an international joint training system of FPT Polytechnic College). In March 2024, the Semiconductor Circuit Design training program will open at the FPT Jetking Training System, in cooperation with India.

In the Cloud technology segment, focus on developing hyper-converged cloud platforms, expanding product ecosystem development, increasing the number of services to over 100 services, at the same time, focus on developing platform service groups (PaaS) and new solutions such as high-performance computing, AI service development infrastructure, VDI... The Group also expects to expand Cloud service products to key markets in the Asia Pacific region.

FPT targets revenue and pre-tax profit to grow by 17.5% and 18.2% respectively in 2024.

The Technology Division aims to grow over 20% in both revenue and pre-tax profit. FPT will continue to invest in developing platform technologies such as AI, semiconductor chips and areas with high growth potential such as automotive software, healthcare, banking and finance, green energy, etc., while shifting from a project-based business model to a platform-based business model.

In the Telecommunications sector, with the increasing trend of bandwidth consumption by households, FPT is testing the latest technologies to provide new generation internet and television services to customers. At the same time, it is investing in unique information, entertainment and learning content to meet the increasingly high and personalized tastes of each family member. To meet the growing needs of AI and big data, FPT will continue to invest in expanding data centers nationwide.

In the field of Education, the Group continues to expand the coverage of the inter-level general school system to bring the experience of a "happy school". At the same time, it promotes the expansion of vocational training and general education (9+) in most localities to meet the needs of learners and create career competitiveness associated with the socio-economic development strategy in each province. Cooperate with partners such as universities and enterprises in the semiconductor chip industry of Taiwan, Korea, and the US to train human resources in this field according to new, modern, and fast learning methods.

FPT General Director Nguyen Van Khoa shared: “FPT continues to target double-digit revenue and profit growth. At the same time, the Group will focus on increasing investment in core technologies such as AI, Automotive, Cloud, Bigdata to create long-term growth momentum.”

Phan Minh

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