On July 17, the stock market witnessed the rise of FOX shares from FPT Telecom, increasing by 12% to 74,000 VND/share, surpassing the peak of June 2024. Trading volume hit over 350,000 shares, boosting market capitalization to 54.67 trillion VND (2.1 billion USD). Founded in 1997, FPT Telecom is a leading telecommunications and Internet service provider in Vietnam, with revenue growing from 7.7 trillion VND (2017) to 17.6 trillion VND (2024) and pre-tax profit from 1.2 trillion VND to 3.6 trillion VND. For 2025, the company aims for revenue of 19.9 trillion VND (up 13%) and profit of 4.2 trillion VND (up 17%). Recently, FPT Telecom issued bonus shares at a rate of 50%, raising its charter capital to 7.387 trillion VND. Meanwhile, ownership rights of the state’s capital in FPT Telecom were handed over from SCIC to the Ministry of Public Security to improve the efficiency of state-owned enterprises.
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