Chairman’s Message

Dear Esteemed Shareholders, Customers, Partners, and all Employees,

We live in an era of profound technological transformation, where groundbreaking innovations are reshaping the world. On the first days of the new year, as DeepSeek's low-cost AI model sent shockwaves across the globe, I saw an extraordinary opportunity for Vietnam. Although we may be latecomers, it is our chance to step up, claim our place at the fore, and explore new frontiers.

At the forefront of the technological wave

At the 2024 General Meeting of Shareholders, we announced the Artificial Intelligence - Semiconductors - Automotive - DX - Green Transformation, in which AI serves as the most important strategic pillar.

Last year, FPT has concentrated efforts on investing in and researching AI, making major strides in infrastructure and in building a cutting-edge AI ecosystem that creates outstanding value for organizations and individuals, empowering them in both their professional and personal lives. We've teamed up with NVIDIA to create two AI factories in Vietnam and Japan. These factories provide advanced computer resources and key applications to drive breakthroughs in AI solution development. In less than a year, FPT has earned nearly 10,000 NVIDIA certifications. Previously, we collaborated with some of the world's foremost AI pioneers, including Professor Yoshua Bengio, Director of the Mila Research Institute and one of the four "godfathers", and invested in Landing AI, founded by Andrew Ng, a leading figure in computer vision. These efforts have led FPT to publish over 100 papers at world-renowned AI conferences such as ICML, ACL, and NeurIPS, with several studies ranking in the top 3% globally. We have also introduced CodeVista, an AI programming assistant that has enhanced the productivity of nearly 10,000 developers by 30%.

In the semiconductor sector, FPT has moved deeper into the global value chain, securing an order of 70 million chips and launching 10 chip models. Our investment in human resource development is yielding results, with three specialized training programs in place and 1,600 college and university students currently enrolled.

In Digital automotive technology, FPT has been collaborating with the world’s Tier-1 companies in the meter/HUD segment (with meter referring to digital dashboard displays and HUD to windshield-projected displays) for both cars and motorbikes.

Regarding Digital Transformation, an area where FPT holds deep expertise, our services continued to thrive, with annual revenue growth of 40-45%.

In terms of Green Transformation, FPT offers end-to-end solutions for carbon management, covering every stage from strategic consulting, emissions planning, control, reporting, auditing, and certification to decarbonization project implementation and emissions offsetting.

Soaring higher and reaching further on the global stage

Resolution 57/NQ-TW on advancing science, technology, innovation, and national digital transformation has become a powerful catalyst for technology enterprises like FPT to thrive.

Looking ahead to 2025 and beyond, FPT remains steadfast in seizing opportunities driven by five strategic pillars: AI, Semiconductors, Automotive, DX, and Green transformation, contributing to Vietnam's journey into a new era of national rise. FPT's path to the "top" is not merely about growth. It is a continuous journey of tackling ever more complex challenges across all fields.

FPT’s path to the "top" is a continuous journey of tackling ever more complex challenges across all fields.

Through Digital transformation and Green transformation, FPT will drive AI integration to help businesses and organizations advance toward Smart transformation, enhancing operational efficiency and promoting sustainability.

Regarding the semiconductor industry, leading global corporations are turning to Vietnam to expand their semiconductor supply chains, with over 174 FDI projects and nearly 11.6 billion USD in registered capital. Seizing the historic opportunity, FPT focuses on human capital development, aiming to train 10,000 semiconductor engineers by 2030. Furthermore, FPT is deepening its participation in the global semiconductor supply chain, not only in chip design but also in critical stages such as packaging, testing, and the research and development of smart semiconductors and AI chips.

In the realm of Digital automotive technology, the global electric vehicle market is expected to reach 6.8 trillion USD by 2033, with an average annual growth rate of 6.7%. The accelerating shift toward EVs presents unprecedented opportunities for technology companies. We will put a focus on developing smart operating systems, embedding AI to optimize the driving experience, enhance safety, and foster strategic partnerships with major automakers to deliver breakthrough technological solutions.

Meanwhile, AI is forecast to contribute a remarkable 14% increase to global GDP by 2030, equivalent to approximately 15.7 trillion USD. The future shaped by AI will be different: AI Agents capable of performing tasks autonomously; Hyper-personalized experiences tailored to individual needs; Proactive cybersecurity systems that anticipate and mitigate risks; Quantum AI that revolutionizes data processing, solves complex challenges, and reshapes human behaviors, transforming the way people live, work, and make decisions. In the transformative context, FPT sets the goal of developing one million AI Agents, empowering every citizen and every customer with a personal digital assistant to enhance productivity and efficiency. FPT will integrate AI completely into all its products and services. Regarding the AI workforce, FPT is committed to training 50,000 AI engineers and equipping a broader workforce of 500,000 people with AI skills and knowledge by 2030.

I remember nearly 37 years ago when I returned to Vietnam, the country still struggled with poverty, double-digit inflation, and few opportunities for a tech company to emerge. Yet, with a bold dream and fearless determination, together, we have built FPT from obscurity to a worldwide enterprise. Today, with even greater aspirations than our first days, FPT embarks on a new and more extraordinary journey to conquer the era of AI and semiconductors.

Witnessing the rise of DeepSeek, a small but powerful AI model that shook the world, we are even more convinced of one truth: Opportunities do not wait for those who hesitate!

Twenty-six years ago, we were a lone pioneer, stepping into the world of software exports with limited resources and youthful determination. Today, as the new era of AI and semiconductors unfolds, FPT no longer walks alone - Vietnam stands ready to rise together. FPT will lead with relentless innovation, strengthen global partnerships, and accelerate investment in cutting-edge research, breakthrough technologies, world-class talent, and strategic M&A. We are committed to elevating our capabilities, asserting our leadership, delivering maximum value to our shareholders, and contributing to a more prosperous, happier society. At FPT, unity will grow stronger, efforts will go further, creativity will reach new heights and most importantly, we will move faster, together, into the future.

Our heartfelt thanks go to Valued Shareholders, Customers, Partners, and dedicated FPT employees!