FPT’s Market Capitalization Drops by 44,000 Billion Since Mr. Truong Gia Binh Sang ‘Resurrection’

Amid the global tech stock sell-off, FPT has seen its stock drop over 4%, with record trading volumes, currently priced at 124,600 VND/share, down 19% from late last year. FPT’s market capitalization has decreased by 44,000 billion VND, remaining at about 183,000 billion VND, ceasing to be the largest private company on the stock market. Chairman Truong Gia Binh’s assets have also plummeted, estimated at around 12,700 billion VND. While long-term shareholders may not worry much about this dip, investor sentiment has been affected. FPT’s stock faces pressure from foreign investors selling, while emerging startups like DeepSeek raise concerns about market values. Nevertheless, FPT’s management remains optimistic, believing low-cost AI models will drive tech adoption. FPT has ambitious business plans aiming for revenue of 75,400 billion VND and profits of 13,395 billion VND by 2025, targeting steady growth of over 20%.