On September 13, 1988, FPT was officially founded under the name Food Processing Technology. On October 27, 1990, the company changed its name to The Corporation for Technology Development and Investment (abbreviated as FPT), operating mainly in the field of information technology. In 1998, FPT was one of the first four Internet service providers (ISPs) in
Vietnam. Since 2002, FPT has operated as a
joint-stock company. Also in 2006, on October 24, FPT issued additional shares to two strategic investors,
Texas Pacific Group (TPG) and
Intel Capital, receiving an investment of 36.5 million USD. On December 13, 2006, FPT stock was listed on the Ho Chi Minh City Stock Exchange (HOSE). In February 2011, the board of directors of FPT Corporation issued a resolution appointing Mr. Truong Dinh Anh as general director to replace Mr. Nguyen Thanh Nam. On July 31, 2013, the board of directors of FPT Corporation approved the appointment of Mr. Bui Quang Ngoc, Ph.D. in database, to replace Mr. Truong Gia Binh as FPT's general director. Mr. Bui Quang Ngoc is one of the founding members and is vice chairman of FPT. In 2014, FPT was the first IT company in Vietnam to acquire a foreign IT company, RWE IT Slovakia (a member of
RWE, a European leading energy corporation). In August 2017, FPT transferred 30% of its ownership in FPT Retail to
Vina Capital and
Dragon Capital, reducing its stake in FPT Retail to 55%. In September 2017, FPT transferred 47% of its ownership in FPT Trading to Synnex Corporation (Taiwan), reducing its stake in FPT Trading to 48%. In May 2021, FPT acquired Base.vn, a SaaS start-up. In July 2021, FPT invested in Intertec International. In August 2021, FPT launched – a digital "vaccine" program that helps businesses respond, recover, and thrive during COVID-19. On September 16, 2021, FPT's Chairman Truong Gia Binh initiated the idea of building a school for children who lost their parents due to COVID-19. In September 2022, Deputy Prime Minister of Singapore
Heng Swee Keat visited FPT with the aim of promoting partnership and cooperation of private sector enterprises between Vietnam and Singapore. In October 2022, FPT invested in Japanese business consulting services provider LTS Inc., becoming its strategic shareholder. In 2023, FPT executed four M&A deals and invested in technology companies in the US and France, such as Intertec International, Cardinal Peak, AOSIS and Landing AI. On December 14, 2023, FPT launches automotive technology subsidiary in Texas – FPT Automotive. In April 2024 it partnered with American tech company
Nvidia to build an
artificial intelligence factory. ==References==