Vietnam tech giant FPT charts path to $1 bln revenue from Japanese market by 2027

Vietnamese technology corporation FPT's revenue from its IT services in the Japanese market in 2024 topped $500 million, and its ambitious goals for this market are achieving $1 billion and ranking among the top 15 most influential IT companies in Japan by 2027.

According to FPT, despite economic and geopolitical headwinds, FPT recorded impressive growth in 2024, with revenue in the Japanese market increasing by 32.2% compared to the previous year. Reinforcing its foothold in Japan, the company recently inaugurated its new headquarters and 17th office in Mita, a key economic and innovation hub in Tokyo.

Aligned with FPT’s direction, this growth was anchored in high-impact domains, including legacy modernization, ERP (enterprise resource planning) optimization, automotive, and artificial intelligence (AI).

Strategic initiatives such as the acquisition of IT services company Next Advanced Communications NAC, the launch of FPT AI Factory and Data and AI Integration Center in collaboration with Nvidia, and joint ventures with industry giants like SCSK Corporation, Konica Minolta, and OKI also contributed to this success.

From consulting and system integration to cutting-edge technologies like AI, cloud, big data, blockchain, and VR/XR, FPT has established itself as a trusted IT partner, enabling Japanese enterprises to streamline operations and bolster global competitiveness.

Beyond expanding its clientele and partners ecosystem, FPT also contributed to addressing Japan’s IT talent shortage. Through strategic M&A-driven training initiatives and its co-founding role in the Vietnam-Japan Digital Transformation Association (VADX Japan), FPT aims to cultivate tens of thousands of skilled engineers in Japan while training hundreds of thousands of Japanese-speaking engineers in Vietnam.

Further strengthening this commitment, the tech firm has also pledged $5 million to train more than 3,000 Japanese-proficient ICT professionals while launching an education representative office in Japan to accelerate collaboration in training and student exchange programs, ensuring a sustainable talent pipeline for the industry.

"Japan is at a critical juncture where embracing AI, advanced technologies, and resource reshoring are vital to building resilience and unlocking future growth. These are FPT’s core strengths, and we are poised to seize this opportunity to deliver transformative innovation for the market," said Do Van Khac, FPT Software senior executive vice president and FPT Japan chief executive officer.

"FPT is fully committed to empowering Japanese enterprises to navigate this challenging landscape by leveraging our expertise in next-gen technologies, a future-ready talent pipeline, and Vietnam’s emergence as a global tech hub," he added.

Khac noted that in the coming years, FPT Japan would continue to focus on high-growth areas such as AI, automotive, legacy transformation, managed services, and SAP/Microsoft Dynamics 365, while fostering a world-class workforce and a culture of innovation and excellence.

With nearly two decades of presence in Japan, FPT has become one of the country’s largest foreign-invested technology companies in terms of human resources, providing services and solutions to over 450 customers worldwide. The company actively drives green initiatives to reduce its environmental footprint while deepening collaborations with Japanese partners on sustainable projects.

FPT’s commitment to workplace excellence has earned it accolades such as Best Places to Work in Japan, Best Places to Work for Women in Japan, and D&I Award 2024 for outstanding diversity and inclusion.

As part of its long-term vision, the tech firm aims to grow its onsite workforce in Japan to 5,000 employees, with 40% being local talent. Currently, it boasts a diverse team of over 4,000 employees from 28 nationalities, operating across 17 local offices and innovation hubs, supported by 15,000 global employees dedicated to serving the Japanese market.