FPT Software targets 1 billion USD in revenue in 2020

FPT Software aims to earn 1 billion USD in revenue, employ 30,000 workers, and join more software outsourcing markets in 2015.
FPT Software aims to earn 1 billion USD in revenue, employ 30,000 workers, and join more software outsourcing markets in 2015.

Thefirm will boost development strategies in main markets, such as developsolutions and services based on modern technology in the United Statesand train 10,000 engineers for the Japanese market, Nguyen Thanh Lam,General Director of the firm, told a recent conference in Hanoi tosummarise the company's activities in 2014.

Lam pointed out thatin the period 2004-2013, FPT Software's average growth rates in revenueand human resources were 49 percent and 43 percent respectively.

In2013, its revenue rose to a record 100 million USD, and the enterpriseaimed to earn 130 million USD and have 6,500 employees in the followingyear. In fact, its revenue increased by 35 percent to touch 138 millionUSD in 2014. The firm had more than 7,000 employees, with nearly 1,000people working in its 19 offices in nine countries.

FPT Softwarealso won bids in important markets such as the United States, EuropeanUnion and Japan last year. In the United States, the Vietnamese companycontinued its cooperation with DIRECTV, an American direct-broadcastsatellite service provider. FPT Software is in charge of developingadvanced technologies for broadcasting services that DIRECTV provides ona global scale.

In 2014 alone, the American market broughtnearly 40 million USD for FPT Software, with a growth rate of 39percent. Its revenue in the European Union reached nearly 20 millionUSD, with a significant growth rate of 117 percent. Japan alonecontributed half of the firm's total revenue.-VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.