FPT Corporation on Thursday held a groundbreaking ceremony for FPT Tower in Cau Giay District, Ha Noi. It will be the latest to its chain of 16 office towers throughout the country.

The construction covers an area of 100,000 square metres and will eventually provide working space for 9,000 people.

"FPT’s staff has grown nearly 16 per cent a year in the last 10 years. The growth rate is expected to be 18 per cent in the 2018 – 2020 period, and reach a scale of more than 50,000 by 2020,” said Bui Quang Ngoc, FPT’s general director.

He said FPT had pioneered construction of university and software-park complexes in Viet Nam. “We expect FPT Tower will contribute to the development of Viet Nam’s technology ecosystem, especially in the time of the fourth industrial revolution".

FPT has nearly 32,000 employees working in 21 countries, a year-on-year rise of 13 per cent. This accounts for 10 per cent of the total work force of the country’s IT sector.

FPT now owns 16 offices throughout the country. Of these, 11 are already in use, three are under construction and three projects are about to be started.

FPT achieved VND39.32 trillion (US$1.7 billion) in revenue in the first 11 months of this year, up 10 per cent over the same period last year.

Profit before tax reached VND2.99 trillion, up 14 per cent over the same period last year.

Profits from foreign markets accounted for one third of the group’s profits, up 20 per cent year-on-year. — VNS