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FPT Retail

Pharmacy chains challenge giants of mobile devices and electronics distribution

The local pharmaceutical retail market is proving a turning point to change its outlook together with an approach of giants of mobile devices and electronics distribution.

FPT's revenue exceeds US$1.5 billion

In the first 10 months of 2017, FPT Corporation's after-tax profit reached VND2,226 billion (US$98.1 million), of which 72 per cent is accounted by the technology and telecom sectors.

Dragon Capital and VinaCapital acquire 30 per cent of FPT Retail’s stakes

FPT has completed selling 30 per cent of its largest retail distribution system, the Digital Retail JSC (FPT Retail), equivalent to 6 million shares, to funds managed by or associated with Dragon Capital and VinaCapital. The value of the deal has not been disclosed yet.

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