Vietnam FPT says 2007 net jumps 64 percent

HANOI, Jan 28 (Reuters) - FPT FPT.HM, Vietnam's top technology services firm, said on Monday its net profit rose 63.8 percent to 877.2 billion dong ($54.5 million) last year.

Hanoi-based FPT, the Corporation for Financing and Promoting Technology, said its net revenues rose 27.8 percent last year to 27.35 trillion dong, a company statement issued through the Ho Chi Minh Stock Exchange .VNI said.

Private equity firm Texas Pacific [TPG.UL] and Intel Capital, a unit of Intel Corp (INTC.O), bought a combined 10 percent of FPT in 2006 for $36.5 million.

Texas Pacific has since sold an undisclosed part of its stake, but remains a key investor, FPT has said.

Shares in FPT rose 2.25 percent on Monday to 182,000 dong ($11.3), valuing the company at around $1 billion, the fifth largest of the 144 companies listed on the exchange.

FPT has subsidiaries dealing with retail sales, stockbroking and fund management and it has been seeking a central bank licence to run a commercial bank.

Stockbroking services begun last October took FPT beyond its core businesses of software production, mobile phone distribution and Internet services.

Earlier this month, FPT expanded business to real estate, announcing it had signed a contract for a $925 million residential town project in central Vietnam.

FPT Real Estate, a subsidiary formed last year, would start construction later this year on a university compound, a software production zone and employee housing in the beach resort city of Danang due to be opened in mid-2012, FPT has said. ($1=16,099 dong) (Reporting by Ho Binh Minh; Editing by Michael Battye)