FPT CEO: No AI Layoffs, Targets 15.8% Revenue Growth to VND 58,580B by 2026

Overview

FPT Corporation’s CEO Nguyễn Văn Khoa stated at the company’s Annual General Meeting on April 16 that FPT has not laid off any employees due to artificial intelligence, instead implementing an ‘AI First’ strategy to enhance workforce productivity. The company presented 2026 business targets including revenue of VND 58,580 billion (up 15.8% year-over-year) and pre-tax profit of VND 11,629 billion (up 15%), with the technology segment remaining the primary growth driver.

Key Facts

• CEO Nguyễn Văn Khoa stated at the April 16 AGM: “We have not laid off anyone because of AI.”
• 2026 revenue target: VND 58,580 billion, representing 15.8% growth compared to 2025.
• 2026 pre-tax profit target: VND 11,629 billion, representing 15% growth compared to 2025.
• Technology segment revenue target: VND 52,650 billion (up 18.4%), with pre-tax profit of VND 7,350 billion (up 24.9%).
• Education, investment and other activities segment revenue target: VND 5,930 billion (down 3.3%), though pre-tax profit still expected to increase 1.3% to VND 4,279 billion.
• Maximum cash dividend policy for 2026: 20% payout ratio, equivalent to up to VND 2,000 per share.
• Company is implementing an “AI First” strategy across operations and education systems.

What Happened

At FPT Corporation’s Annual General Meeting on April 16, CEO Nguyễn Văn Khoa addressed workforce concerns related to artificial intelligence, stating clearly that “we have not laid off anyone because of AI.” He emphasized that AI is being used as a supportive tool to help employees work more efficiently rather than as a replacement for human workers. Khoa contrasted FPT’s approach with some global companies that have cited AI as a reason for workforce reductions, stating FPT’s responsibility extends beyond growth to include creating and maintaining stable employment.

The company presented its 2026 business plan to shareholders, targeting revenue of VND 58,580 billion (up 15.8% from 2025) and pre-tax profit of VND 11,629 billion (up 15%). According to the AGM presentation, the technology segment continues to be the main growth driver with projected revenue of VND 52,650 billion (up 18.4%) and pre-tax profit of VND 7,350 billion (up 24.9%). The education, investment and other activities segment is expected to see revenue decline 3.3% to VND 5,930 billion, though pre-tax profit is still projected to increase 1.3% to VND 4,279 billion.

Market Context

FPT (HOSE:FPT) closed at VND 75 on April 15, down 1.31% with volume of 9.51 million shares. As Vietnam’s largest listed technology company, FPT has been a bellwether for the domestic IT sector, which has faced mixed investor sentiment amid global tech volatility and AI disruption concerns. The company’s reaffirmation of workforce stability and clear growth targets comes during a period when global technology firms have announced significant AI-related restructuring, making FPT’s contrasting approach notable for Vietnamese market observers.

Strategic Significance

The “AI First” strategy represents FPT’s commitment to integrating artificial intelligence across its operations while maintaining its workforce, positioning the company as a Vietnamese counterpoint to global tech layoff trends. By embedding AI into daily workflows and educational systems from secondary school through university levels, FPT is building long-term human capital that can work alongside AI rather than be replaced by it. This approach could provide sustainable competitive advantage in Vietnam’s growing tech market, where talent retention and development are critical constraints.

What to Watch

• Quarterly earnings releases throughout 2024-2025 to track progress toward 2026 targets
• Implementation milestones for the “AI First” strategy across FPT’s business units
• Dividend announcements for 2024-2025, with the 2026 policy suggesting up to 20% cash payout
• Technology segment performance metrics, particularly the 24.9% pre-tax profit growth target
• Workforce development indicators, including training programs and AI integration metrics