Apr 17, 2012

Vietnam - FPT to be Apple’s official distributor in Vietnam


The Corporation for Financing and Promoting Technology, better known was FPT, is completing final procedures to become the official distributor of the American Apple Inc in Vietnam.

As expected, the latter will recognize the former as the first tier distributor - Apple's premium reseller, newswire Vnexpress quoted Truong Dinh Anh, FPT general director, as saying at a recent shareholders’ meeting.

After being recognized by Apple, FPT will open two first official Apple stores in the downtown of Ho Chi Minh City in the second quarter of this year.

The first one will be located at the trade center of Vincom and the second will be at an independent building on Le Loi Street.

The representative of FPT has also committed to Apple to open about 10 such stores from now to the year-end.

"As the official distributor of Apple products, we hope we can officially distribute the iPhone in Vietnam," said Anh.

The FPT general director also said that this is a turning point for the distribution operations of this company. According to Vietnamese network operators, there are currently about 800,000 activated iPhone in Vietnam.

Pretax profits up

An FPT leader has said that the company still posted high growth in the difficult economic context, of which, FPT Telecom and FPT Online reposted the best business performance in Q1/2012.

In particular, according to the preliminary calculation, in Q1/2012, the pretax profits of FPT Telecom and FPT Online surged 31 percent and 30 percent year on year respectively.

Although FPT Trading saw a year-on-year fall of 10 percent in revenue due to a 20-25 percent year-on-year decrease in purchasing power, its profit still grew 3 percent year on year.

In addition, profits of FPT IS and FPT University still grew 18 percent and 7 percent year on year.

Therefore, the group’s profit growth in Q1/2012 was about 12 percent if excluding fiscal statements of affiliates in sectors of securities, finance and fund management.

In 2012, FPT targets to earn 31.3 trillion dong in revenue and 3 trillion dong pretax profit.

The group will adjust its business plan if there are more optimistic signals in Q2 and Q3 of this year, the company’s leader said.

Tuoi Tre



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