Previously, on August 01, FPT approved the decision on capital divestment at FPT Retail from 85 per cent down to 50 per cent. Besides the selling of 30 per cent, FPT will continue to sell up to 10 per cent of FPT Retail to other investors through securities firms.
According to Euromonitor and Retail Asia Publishing, with revenue of US$15,717 per square meter, FPT Retail is the most efficient retailer in terms of revenue per square meter and the second largest retailer after Mobile World in Viet Nam. Currently, FPT Retail has 438 stores nationwide.
In 2017, FPT Retail sets a target of 27.5 per cent and 40 per cent growth in revenue and profit, respectively, from both sales growth of single store and new stores opened in the region where smartphones are hardly available.
In the first six months of 2017, FPT Retail recorded a revenue of VND6.193 trillion (roughly US$272.9 billion), a year-on-year increase of 31 per cent and pre-tax profit of VND141 billion (approximately US$6.2 million), up 44 per cent year-on-year.
FPT Retail's compound annual growth rate (CAGR) in revenue and pre-tax profit for the period 2016-2019 are expected to reach 25 per cent and 35 per cent, respectively.
Dragon Capital and VinaCapital are the largest foreign financial investors in Vietnam, having US$2.1 billion and US$1.8 billion of assets under management, respectively.
In addition to its investment in FPT Retailer, funds under management of Dragon Capital hold over 10 per cent of Mobile World’s stakes, equivalent to VND3,300 billion (equivalent to US$145 million).