Truong Gia Binh

Truong Gia Binh founded FPT Corporation in 1988, transforming it from a state-affiliated research group into Vietnam's largest and most important technology company. FPT employs over 70,000 people and has become a symbol of Vietnam's ambition to become a technology and IT services hub competing with India and the Philippines for global outsourcing and digital transformation contracts. FPT's business spans three main segments: Technology (IT outsourcing, software development, digital transformation consulting, AI/cloud services — the largest and fastest-growing segment, serving clients including over 100 Fortune Global 500 companies in 30+ countries), Telecommunications (FPT Telecom — Vietnam's second-largest broadband provider with 5+ million subscribers), and Education/Other (FPT University — Vietnam's largest private university with 100,000+ students, and FPT Retail — electronics stores). The IT services segment is FPT's primary growth engine, benefiting from the "Vietnam+1" and "China+1" strategies of multinational companies seeking to diversify their technology service provider base beyond India. Vietnamese IT engineers offer competitive quality at costs approximately 30-40% below Indian peers. FPT has been investing in AI capabilities, cloud services, automotive software (particularly for Japanese automakers), and semiconductor design services. Key stock drivers include global IT outsourcing demand, FPT's ability to win large multi-year contracts, revenue growth in Japan (the largest market), US market penetration, Vietnamese dong stability, AI and cloud services adoption, and competition with Indian IT giants (TCS, Infosys, Wipro).