FPT Chairman Truong Gia Binh said that 2025 is a difficult year when the world trade tensions escalate, but the group still has the opportunity to achieve a 20%growth goal.
At the annual session on April 15, many shareholders expressed concern about the situation of trade tensions, the US imposed reciprocal taxes and then postpone 90 days with other countries, except China. This year, FPT aims to revenue 75,400 billion dong, up 20% compared to 2024. Profit before tax 13,395 billion dong, up 21%.
“There are potential risks that the growth plan of FPT is not completed?”, The representative of HSC securities questioned.
Mr. Truong Gia Binh, Chairman of FPT Board of Directors admitted that 2025 was a year of “difficulties, but also had a great chance”. He admitted that the tax policy of President Donald Trump’s administration could change after one night.
“Businesses like us often plan for many years and the policy changes after one night, how to respond to it. But in danger, the Group still sets a goal of growth around 20% to keep discipline,” FPT Chairman said.
Mr. Truong Gia Binh, Chairman of FPT Board of Directors. Photo: FPT
General Director Nguyen Van Khoa said that this year’s business plan was launched by FPT in January, the time before the US announced a new reciprocal tax policy.
“We think we are really brave when such a plan, but will not be subjective,” said FPT General Director.
He said that Vietnam depends heavily on exports, so it will be affected by many trade tensions between countries around the world. FPT General Director said that since April 9, the group has cut 30% of the cost, but this does not affect the core activity.
Mr. Khoa proposed that shareholders authorize the Board of Directors to adjust the business plan in case of necessity. The Board of Directors will follow the world and domestic movements to offer timely response solutions.
Sharing with FPT Board of Directors, a shareholder raised the question “In addition to the reciprocal tax story of the US, what risk affects the corporation’s business?”.
Mr. Pham Minh Tuan, Deputy General Director of FPT, said it was difficult to make a forecast of risk, because trade tensions between the US and China could affect the global economy. However, in that context, Vietnam can find opportunities to break out.
“Vietnam’s technology service market share is still modest. When economic powers are entangled in trade tensions, Vietnam can take advantage of this to increase market share,” Mr. Tuan added.