Cong ty co phan Ban le Ky thuat so FPT (FPT Retail) has set a goal to achieve a record profit before tax of 1,550 ty dong by 2026. This target represents a 27% increase over the previous year. The company also projects a 16% revenue growth, aiming to reach 59,500 ty dong, which would also be an all-time high.

According to a report published by Chung khoan SSI in late 12/2025, Long Chau is expected to remain FPT Retail's key short-term growth engine. The pharmacy chain is benefiting from a significant shift in Vietnam's pharmaceutical retail sector, moving from traditional channels to modern ones.

By late 2024, modern channels accounted for about 15% of total pharmaceutical sales, a substantial rise from just 2% in 2019, as per SSI data. Regulatory changes are further accelerating this transition, including the nationwide implementation of electronic prescriptions and stricter bidding processes for hospital pharmacies.

Beyond Long Chau, FPT Shop, FPT Retail's information and communications technology (ICT) retail chain, is also forecast by Chung khoan SSI to return to profitability in the 2025-2026 period, after two years of losses. This recovery is driven by the regular phone replacement cycle and easing policy measures. A 2% reduction in value-added tax (VAT) for technology and electronics products, effective from 7/2025, is expected to boost the chain's revenue.

In 2025, FPT Retail reported full-year revenue exceeding 51,000 ty dong, a 27% increase. Profit before tax reached approximately 1,219 ty dong, up 31% year-on-year. While revenue surpassed the target by about 6%, profit exceeded projections by 35%. This optimized profit was mainly due to effective control over cost of goods sold and expenses.

Trong Hieu