At FPT's AGM, Trương Gia Bình says FPT could rival leading global AI groups

FPT Joint Stock Company (ticker: FPT) held its 2026 Annual General Meeting (AGM) in Hanoi on the afternoon of April 16, 2026. In remarks on the group’s next-stage development direction, Chairman Truong Gia Binh said FPT aims to gradually master core national technologies over the next 5–10 years and reach a position comparable to leading global digital transformation and AI groups. He added that FPT will operate not only as an ecosystem but also form alliances with large technology groups such as Microsoft to implement high-tech projects requiring deep system integration across multiple fields.

AI “industrial automation factories” and maturity roadmap

Truong Gia Binh said 2026 is the starting milestone for developing AI-based “industrial automation factories,” with a goal of running operations primarily by AI over the next decade. He also outlined three stages of AI maturity in business applications:

• Stage 1: “Manual workshop” — staff use AI tools for personal tasks such as content creation or programming, without systemic transformation. He noted that most FPT clients in the past year were at this stage.
• Stage 2: “Factory with a line” — knowledge is organized and disseminated within the enterprise. At this stage, FPT provides dedicated AI toolsets to help enterprises, especially large corporations, ensure data sovereignty on their own systems.
• Stage 3: “Industrial automation factory” — data is standardized to criteria including correct, complete, clean, live, value-adding, unified, and shared.

AGM attendance and 2025 results

As of 14:20 on the day of the AGM, FPT reported 2,730 attendees and proxies, representing 60.56% of voting rights. For 2025, the company recorded revenue of 70,113 billion VND and pretax profit of 13,039 billion VND, up 11.6% and 17.8% year-on-year, respectively.

2026 targets by segment

For 2026, FPT set targets of revenue at 58,580 billion VND and pretax profit at 11,629 billion VND, implying growth of 15.8% and 15% respectively (based on the new consolidated method for FPT Telecom). The Technology segment is expected to remain the core driver, with revenue of 52,650 billion VND and pretax profit of 7,350 billion VND, up 18% and 25% respectively.

Meanwhile, the Education, Investment and Other segment is projected to generate revenue of 5,930 billion VND, down 3.3%, while pretax profit is expected to rise 1.3% to 4,279 billion VND.

AI-First strategy, partnerships and capacity build-out

FPT described “AI-First” as a prerequisite to break through in the 2026–2028 period. The group aims to master the AI value chain, from model, data and computing infrastructure to applications and human resources. It targets AI education for 20 million users and training 10,000 semiconductor professionals by 2030.

At the same time, FPT plans to deepen strategic partnerships with technology leaders including NVIDIA, Microsoft and SAP to develop platform technologies and deploy large-scale AI solutions. The company said it currently runs two AI factories listed among NVIDIA’s top 40 largest in the world and is investing in an AI Factory to provide high-performance computing capacity regionally. FPT also stated it is integrating AI into more than 100 internal products and client solutions to raise labor productivity by 30%–40% in certain processes.

On staffing and training, FPT said it employs over 3,000 AI and data specialists and is intensifying AI education across its system, including a program to provide AI skills for 100% of students. It added that training methods are shifting toward more direct AI interaction and personalized learning paths.

Digital transformation focus and operational priorities

For its 2026 technology direction, FPT plans to promote the deployment of digital platforms and technology solutions to improve efficiency. Upcoming programs will emphasize substantive execution, scale, and quality improvements, along with expanding large-scale initiatives tied to market demand and deepening focus on specific sectors. In some segments, product and service quality will be enhanced through training and development programs.

The company also said it will strengthen HR policies—such as working conditions, compensation and performance sharing—to improve operational efficiency, and implement more targeted policies to develop employee capabilities and sustain long-term engagement.

Chairman’s view on knowledge systems and an AI operating model

Chairman Truong Gia Binh said FPT could rival leading global AI groups in the future, pointing to a key challenge: the “knowledge gap,” where knowledge in many small or traditional organizations is concentrated in a few individuals, creating risk if those individuals leave. He said large corporations address this by systematizing knowledge and transforming it into organizational assets through processes, technology and tools, enabling new staff to work effectively and grow.

He emphasized that digital transformation is not only about deploying software, but about building an enterprise operating system covering people, processes, technology and data. When operations are standardized and automated, dependence on individuals decreases and errors are reduced. He said FPT has moved from manual to digital and systematic stages and is now entering the “AI-First” phase, where AI plays a central role in analysis and action while assisting humans to raise productivity.

In the long term, he expects cross-organizational economic alliances supported by connected data across enterprises, partners and customers, and governance based on real-time data rather than manual reports—optimizing resources and improving efficiency. He said the shift to an AI operating-system model is a fundamental trend to maintain competitiveness.

Dividend, share issuance and governance approvals

FPT plans to pay a cash dividend of 10% for the remaining 2025 portion in Q2 2026. For 2026, it intends to maintain a maximum cash dividend of 20% while issuing a 10:1 stock bonus from retained earnings by no later than Q3 2026. The AGM also proposed an ESOP issue of up to 0.5% of outstanding shares for 2027–2029, with an issue price of 10,000 VND per share and a three-year transfer restriction.

In governance matters, the Board proposed appointing a new member to the Board for the 2022–2027 term and accepted the resignation of Hiroshi Yokotsuka. The proposed replacement is Toshikazu Nambu, a long-time Sumitomo executive with nearly 40 years in senior leadership roles, including CEO for the Americas region and EVP & CFO, and currently a Board member and Vice Chairman. FPT said Nambu has previously collaborated with Chairman Truong Gia Binh since 2018 in the technology sector.

The AGM approved amendments to the charter and internal regulations to align with the latest corporate and securities regulations. All proposals were approved at the meeting.