FPT reaches US$1b revenue target

Technology firm FPT officially reported gaining US$1 billion revenue target on December 30, 2008, according to the deputy general director Bui Quang Ngoc.

FPT now has 16 member companies and several associated companies with a workforce of 9,000 staff (reported in November 2008).

In the last 20 years, FPT has achieved a growth rate of 40% a year.

This year FPT ranked among 20 out of the TOP 500 largest businesses (VNR500) in Vietnam based on the data from Vietnam Report and latest survey results of over 150,000 nationwide enterprises, statistics of general Statistic Office, general Taxation Department, and general Department of Customs.

FPT was formed in 1988 with 13 promoters. Ten-years later, it reached revenue of US$46 million that increased to US$200 million in 2003 and US$1 billion in 2008.