Vietnam’s foremost technology company, FPT, is on the path to substantial growth, backed by orders for almost 70 million chips until 2025. The company, valued at $5.2 billion on the Ho Chi Minh City bourse, is strategically expanding its presence in artificial intelligence (AI) and technical training.

FPT is a major player in the Vietnamese tech scene, offering big data, cloud, and AI services to clients in 29 different nations.

Chairman Truong Gia Binh, a mathematician trained in Moscow universities, emphasised Vietnam’s enormous potential to benefit from its leading position in AI.

FPT recently solidified a strategic partnership with U.S.-based Landing AI to enhance its training capabilities. Engaging in discussions with prominent entities like U.S. Along with other Vietnamese businesses, AI behemoth Nvidia, FPT investigates the use of AI in a range of industries, such as cloud computing and medical.

Chairman Binh highlighted the potential of the semiconductor industry in particular while considering the emerging opportunities. The U.S. Chips Act, which was passed last year and has created new opportunities for development and innovation, is credited by him for this potential.

FPT’s active participation in a business summit alongside major U.S. tech companies during President Joe Biden’s recent visit to Hanoi underscores its global standing and ambitions. The company’s focus on chip manufacturing, AI, and technical training positions it as a key player in shaping Vietnam’s digital future.

This strategic approach aligns with the evolving landscape of technology, underlining FPT’s commitment to staying at the forefront of innovation and contributing significantly to Vietnam’s tech-driven growth.