FPT released preliminary H1 2021 results with revenue of VND16.2tn (USD699mn; +19% YoY) and NPAT-MI of VND1.9tn (USD82mn; +17% YoY). H1 2021 results were primarily driven by three core businesses: IT Services, Telecom Services and Education. Notably, the combined new contract value of the IT service businesses (Software Outsourcing and Domestic IT) surged 44% YoY in H1 2021, which bodes well for their future growth.