FPT Retail earns $6.5 mln in Q3 profit, to expand FPT Shop chain
Vietnamese retail major FPT Retail made a profit after tax of VND165 billion ($6.52 million) in the third quarter of this year, while it incurred a loss of VND13 billion ($514,000) in the same period last year.
An FPT Shop outlet. Photo courtesy of FPT Retail.
The Q3 revenue of the company, listed on the Ho Chi Minh Stock Exchange as FRT, increased by 26% to VND10,376 billion ($410.3 million), according to its quarterly consolidated financial statement.
Total expenses related to sales and management rose by 21.6%, lower than the increase in revenue. Gross profit margin improved from 16.7% to 18.2%.
FPT Retail stated that its FPT Shop chain, which trades mobile phones, laptops and home appliances, returned to profit before tax in Q3, and the chain would be expanded after a trial period.
In Q3, FPT Shop achieved a pre-tax profit, and its average monthly revenue per store reached VND2.1 billion ($83,000), the highest level since the beginning of the year.
In this quarter, FPT Shop tested converting 10 FPT Shop stores to the FPT Shop Dien May (FPT Shop Electronics) model with new home appliances and electronic items and new installation and delivery services. The company plans to open 50 more FPT Shop Electronics stores in Q4.
In the first nine months of this year, FPT Retail recorded consolidated revenue of VND28,657 billion ($1.13 billion), up 24% year-on-year and fulfiling 77% of the year’s plan.
Profit after tax reached VND274 billion ($10.83 million), while it made a loss of VND226 billion in the same period last year.
Its FPT Shop earned VND10,904 billion ($431 million) in nine-month revenue, making up 38% of the company’s total revenue and down 11% year-on-year.
The retailer said that thanks to restructuring the store system and product portfolio and optimizing operations, FPT Shop’s business results have gradually improved quarter over quarter.
Preparing to raise capital for Long Chau pharma chain
In the first nine months, the FPT Long Chau pharma retail chain, part of FPT Retail, recorded a 62% increase in revenue to reach VND18,006 billion ($711.9 million), accounting for 62% of FPT Retail’s total revenue and completing 85% of the year’s plan.
FPT Long Chau continued to expand with 1,849 pharmacies, an increase of 352 outlets compared to the beginning of 2024.
In Q3 alone, the chain opened 143 new pharmacies, the highest quarterly number of new openings in the nine-month period.
In particular, despite continuously opening new stores, the overall operating efficiency of the pharmacy chain was still maintained, with an average monthly revenue per pharmacy of about VND1.2 billion ($47,450), equivalent to the previous quarters of the year.
The FPT Long Chau vaccination center system has been enlarged to 115 centers across 46 provinces and cities. This contributes to helping FPT Long Chau gradually complete a comprehensive healthcare ecosystem.
FPT Retail recently announced that it had completed using all 67.4 million shares in its subsidiary FPT Long Chau Pharmaceutical JSC to contribute capital to establish a new subsidiary named FPT Long Chau Investment Company Limited.
FPT Long Chau Investment Company Limited, wholly owned by FPT Retail, has a charter capital of VND673.65 billion ($26.64 million). Nguyen Bach Diep, chairwoman of FPT Retail, is general director of investment at FPT Long Chau Investment Company Limited.
This is the first step in the process of mobilizing capital to develop the Long Chau pharmacy chain. At the 2024 AGM, Diep revealed that FPT Long Chau plans to raise capital through private offerings to investors, which would make up a maximum 10% stake. Proceeds will be used to expand investment to turn Long Chau into a health ecosystem.
FRT shares closed Thursday at VND173,800 ($6.87) apiece.
- Read More
Law No. 56 a major policy breakthrough for Vietnam's stock market development
The Law No. 56, effective January 1, 2025, is one of the major legal breakthroughs in recent years that will enhance the transparency and operational efficiency of the Vietnamese stock market.
Finance - Thu, October 16, 2025 | 2:30 pm GMT+7
WHA Group breaks ground on smart technology industrial zone in central Vietnam
Thailand's WHA Group on Tuesday broke ground on a world-class, modern, and environmentally friendly industrial zone in central Vietnam, namely the WHA Smart Technology Industrial Zone-Thanh Hoa.
Real Estate - Thu, October 16, 2025 | 2:00 pm GMT+7
Vietnam a key partner in Murphy Oil’s global strategy: exec
Vietnam remains a key partner in Murphy Oil’s global business strategy, said Eric Hambly, the U.S. corporation's president and CEO.
Companies - Thu, October 16, 2025 | 12:06 pm GMT+7
VNPT, Qualcomm debut Vietnam’s 1st original design-based excellence center
State-owned Vietnam Posts and Telecommunications Group (VNPT) and Qualcomm have officially launched the VNPT-Qualcomm Excellence Center (VQEC), the first facility in the country to operate under an original design co-development model using Qualcomm’s core technologies.
Companies - Thu, October 16, 2025 | 8:41 am GMT+7
Indonesia enjoys steady growth in nine months
Indonesia's Ministry of Finance on Tuesday announced the country’s 2025 budget performance as of September, reporting that Southeast Asia’s largest economy continued to post steady growth despite global economic uncertainties.
Southeast Asia - Wed, October 15, 2025 | 9:53 pm GMT+7
Malaysia on progressive path towards AI nation status: experts
Malaysia is on a progressive track towards becoming an Artificial Intelligence (AI) nation by 2030, a goal seen as achievable under Budget 2026 - the Malaysian Government’s fiscal and policy framework for 2026.
Southeast Asia - Wed, October 15, 2025 | 9:44 pm GMT+7
Thailand steps up development of semiconductor industry
Thailand’s Board of Investment (BOI) plans to propose a new national semiconductor and advanced electronics policy board to the government, which will spearhead Thailand’s semiconductor development strategy.
Southeast Asia - Wed, October 15, 2025 | 9:40 pm GMT+7
ASEAN sets ambitious energy targets
Senior energy officials from ASEAN member nations and Timor-Leste on Tuesday convened in Kuala Lumpur, Malaysia, to finalize key outcomes and policy recommendations to be submitted to the 43rd ASEAN Ministers on Energy Meeting (AMEM).
Southeast Asia - Wed, October 15, 2025 | 9:33 pm GMT+7
Sun Group gets nod for $375 mln inland waterway tourism project in central Vietnam
A subsidiary of Sun Group, one of Vietnam’s leading real estate developers, has received approval to invest VND9.88 trillion ($375 million) in an inland waterway tourism project in the central coastal city of Danang.
Industries - Wed, October 15, 2025 | 5:21 pm GMT+7
Vietnamese luxury car dealer Haxaco’s business slumps, stock nears two-year low
The operations of Hang Xanh Automobile Service JSC or Haxaco (HoSE: HAX), known as the largest distributor of Mercedes-Benz vehicles in Vietnam, are under pressure as consumers tighten spending and competition among car brands intensifies.
Companies - Wed, October 15, 2025 | 5:13 pm GMT+7
Vietnam sets 2026 GDP growth target at 10%
The Vietnamese Government has set the targets for economic expansion in 2026 at about 10% and inflation at 4.5%.
Economy - Wed, October 15, 2025 | 4:28 pm GMT+7
Movement of mega projects creates momentum for central Vietnam's Van Phong Economic Zone
A series of large-scale projects in Van Phong Economic Zone are being accelerated, opening new prospects for breakthroughs in this key growth hub of Khanh Hoa province.
Industries - Wed, October 15, 2025 | 12:24 pm GMT+7
Vietnam's International Financial Center ambition can unlock new wave of innovation
By embedding clarity, consistency, and collaboration into the foundations of its International Financian Center, Vietnam can create not just another financial center, but a hub for innovation that connects Asia to the world, writes Phil Wright, COO, HSBC Vietnam.
Consulting - Wed, October 15, 2025 | 11:03 am GMT+7
Gamuda Land expands Singapore portfolio with Chencharu Close win
Gamuda Berhad has announced that its property arm, Gamuda Land, has formally executed the acceptance of the award for a significant land parcel at Chencharu Close, Yishun, Singapore.
Companies - Wed, October 15, 2025 | 10:41 am GMT+7
Duc Giang Chemicals makes progress at $2.2 bln bauxite project in central Vietnam
Duc Giang Chemicals Group (HoSE: DGC) has taken an initial legal step toward developing an integrated bauxite-alumina-aluminum complex project worth VND58 trillion ($2.2 billion) in Lam Dong province.
Industries - Wed, October 15, 2025 | 8:32 am GMT+7
About 80 Korean nationals missing due to job scams in Cambodia: officials
About 80 Koreans linked to job scams in Cambodia are missing or their safety cannot be confirmed, an official from South Korea's Ministry of Foreign Affairs said on Tuesday, as authorities are struggling to tackle crimes targeting Koreans amid public outrage over the torture death of a Korean student.
Southeast Asia - Tue, October 14, 2025 | 10:01 pm GMT+7




















