Updated  
January, 18 2014 10:00:00

FPT eyes 30% gain in revenue for 2014

FPT expects to earn US$130 million this year. — Photo thesaigontimes

HA NOI (VNS)  — The country's software giant FPT has set a target of earning revenue of US$130 million this year, a year-on-year increase of 30 per cent.

Speaking at the company's 15th anniversary in Ha Noi this week, general director Nguyen Thanh Lam said that last year, the company earned $100 million in revenue and employed 5,000 IT workers.

Lam said FPT software plans to earn $200 million in revenue and employ 10,000 employees in 2016.

According to Hoang Nam Tien, chairman of FPT Software, over the past 10 years, the company has seen an average annual growth rate of 49 per cent and 43 per cent in terms of revenue and profits respectively.

The company has branches and representative offices in eight countries. Currently, it is the leading provider of software outsourcing services in Viet Nam and has 219 partners in different countries and territories around the world.

Last year, FPT signed many important software outsourcing contracts with partners such as Recruit Technologies of Japan and a bilateral agreement with Vietnam Airlines to modernise its IT system.

To attain its dream of earning $1 billion in revenue and employing tens of thousands of IT workers, FPT leaders said they will make every effort to take advantage of opportunities offered by traditional clients. The company will invest further in developing technology, including cloud computing, big data, machine to machine (M2M) and SmartTV.

Deputy Minister of Information and Communications Nguyen Minh Hong said that the company's results last year have made it one of the biggest software firms in South East Asia, and noted its important role in the development of Viet Nam's software industry.

However, Viet Nam still needs more companies that have a scale of business similar to FPT Software, which could help maximise the country's software opportunities and make it more competitive on a global scale, said Hong.

On behalf of the State, he said the Ministry of Information and Communications will establish appropriate favourable mechanisms and policies for the further development of the sector to help Vietnamese enterprises participate in larger projects in the near future. — VNS

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