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Keywords
artificial intelligenceFPTSoutheast Asiadigital economy
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Related tickers and likely impact
FPT
▲ Likely positiveFPT Corp
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Technology |
| Industry | Computer Services |
| Market cap | 108,241 bn VND |
| P/E | 10.8 |
| P/B | 2.72 |
| Close on 10/20/2026 | 57.40 |
| Change that session | +0.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- AI to spur Southeast Asia digital economy to $368 billion , shows study
- FPT reports nine-month results, one segment grows up to 55%
FPT's nine-month revenue reached VND 40,023 billion, up 12.4%, and pre-tax profit hit VND 8,770 billion, up 17% year on year. The Technology segment accounted for 89% of revenue, with overseas IT services revenue up 11.6% to VND 28,538 billion, led by Japan. AI/Data Analytics services grew 55% to VND 2,915 billion. From 2026, FPT switched its consolidation of FPT Telecom to the equity method, recognizing only its ownership share of profit, and restated 2025 figures on the same basis.
- Vietcap Revises a Series of Forecasts for FPT
Vietcap, in an update dated October 16, lowered its outlook for FPT, forecasting after-tax profit attributable to parent company shareholders to grow an average of 14% per year over 2026–2029, versus 22% in 2021–2024. FPT's 2026 profit is projected at 10,755 billion VND, up 15%. Foreign IT remains the main growth driver, though 2026 revenue growth slows to about 14%, while domestic IT pre-tax profit is expected to rise 78% to 783 billion VND on digital transformation and the AI Factory project. The education segment faces pressure, with total students at end-2025 down about 8% and 2026 revenue expected to fall 4% to 6,736 billion VND. Vietcap says the share price already reflects most of these difficulties, with a 2026 P/E of 10.8x.
- FPT Posts Record Profit
FPT posted record quarterly after-tax profit attributable to shareholders of VND 2,723 billion in Q3, driven by its IT business, though revenue of VND 40,023 billion and pre-tax profit of VND 8,770 billion fell 19.9% and 8% year on year because FPT Telecom is no longer consolidated. Nine-month after-tax profit reached VND 7,778 billion, up 13.3%. The technology segment contributed 89% of revenue, over VND 35,500 billion, up nearly 15%, and FPT won 16 projects worth over $10 million each, including becoming a global partner of OpenAI. Education and investment profit rose more than 17% to VND 3,719 billion despite a 3% revenue decline. Even so, FPT shares have fallen about 30% this year to VND 57,800, as VDSC notes that IT sector valuations are being compressed as AI reshapes the industry.
- Over VND 11,300 billion flows into FPT tech park and SCEX digital asset exchange
Over October 14–15, FPT broke ground on its Digital Technology Building 01 in Hanoi, with total investment of more than VND 1,311 billion, scheduled for completion in 12 months as part of a 194.3-hectare digital technology park. At the same time, the Sacom digital asset exchange (SCEX) completed a doubling of its charter capital from VND 5,000 billion to VND 10,000 billion, all paid in cash by domestic shareholders. Under the government's five-year pilot framework, VND 10,000 billion is the minimum charter capital needed to operate a digital asset exchange, and SCEX is the third company in Vietnam to reach that threshold. According to blockchain analytics firm Chainalysis, the value of crypto-asset transactions by users in Vietnam reached $122.2 billion from July 2025 to June 2026, second in Southeast Asia after Singapore. The Ministry of Finance aims to select no more than five companies for the pilot.
- FPT Unexpectedly Opens Office in 'City of a Thousand Minarets', Reveals Plan to Recruit Over 500 Engineers
FPT has opened its first office in Cairo, Egypt, at Cairo Festival City, to expand its capacity to serve Europe, the Middle East and Africa. The office is expected to employ about 200 engineers in its first two years and more than 500 over the long term, drawing on Egypt's young tech workforce: according to ITIDA, the country produces over 667,000 university graduates a year, 37% of them in STEM fields. Gartner expects IT spending in the Middle East and North Africa to reach $169 billion in 2026, up 8.9% from the previous year. The office will link with FPT units in Saudi Arabia, the UAE and Vietnam, focusing on AI, data analytics, cloud, SAP/ERP and embedded software for banking, finance, insurance, telecom and logistics.
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