FPT AI factories growth and share decline

In mid‑July 2026 FPT reported that its AI Factory clusters in Hanoi and Japan were operating at over 90 % utilization, generated a 54 % year‑on‑year rise in AI‑related revenue, and secured spots among the world’s top‑500 supercomputers. The facilities, each built with roughly US$200 million of investment, contributed to a half‑year revenue of VND 26.269 trillion and a pre‑tax profit increase of 12.6 %.

A week later the company’s market capitalisation had fallen sharply, with its share price hitting a two‑year low and the firm exiting Vietnam’s top‑10 listed firms. Foreign investors sold a record volume of shares, cutting foreign ownership to about 22 %. Despite the equity plunge, FPT’s operating results remained positive: revenue and profit continued to grow, international IT services rose 13.4 % (driven by Japan), and AI/Data Analytics sales jumped 54 %.

The juxtaposition highlights a strong operational performance in AI and digital services alongside a steep decline in market valuation driven by investor sentiment.