Major Vietnamese retail chain FPT Retail reports $12mn loss, first since listing

Meanwhile, FPT Long Chau pharmacy chain remained the key revenue earner of FPT Retail in the period with a growth rate of some 60 percent. FPT Retail opened 560 new FPT Long Chau drugstores last year, raising the total number to 1,497. As the market of phones and electronic products is gloomy, FPT Retail is focusing on investing in the FPT Long Chau pharmacy chain. The chain contributed half of FPT Retail’s 2023 revenue, equal to the share of the FPT Shop chain. However, the FPT Long Chau pharmacy chain is expanding its network, so its contribution to FPT Retail’s profit remained modest last year.