Hanoi (VNA) - The Vietnam Post aꦺnd Telecommunications Grouꦐp (VNPT) will divest from 50 companies as a necessary step in its restructuring plan.
According to Decision 25/2016/NĐ-CP issued on April 6 on the group’s operation, VNPT draws capital from firms, funds and commercial banks including VNPT Land, Saigon Securities Investment fund A2 (SFA2), Vietnam Maritime Commercial Bank (MSB) and Post and Telecommunication Finance Company Ltd (PTF).
After the restructure, VNPT will have charter capital of 72.2 trillion VND (3.23 billion USD). The group will include 71 affiliated units, two wholly owned affiliates in VNPT Media and Vinaphone and five other subsidiaries, as well as and three hospitals as services units in Hanoi, HCM City and Hai Phong
VNPT’s board will have seven members that will be responsible for all activities of the group.
In 2014, VNPT transferred its ownerships in Vietnam Mobile Telecom Services Company (VMS) and Post and Telecommunication Institute of Technology (PTIT) to the Ministry of Information and Communication (MIC).
In 2015, VNPT earned 89.12 trillion VND of revenue, 7.5 percent higher than 2014.-VNA
The Ministry of Information and Communications is determined to restructure telecommunications businesses this year including splitting the mobile service provider MobiFone from the Vietnam Posts and Telecommunications Group (VNPT) and establishing a mobile information corporation, reported the online Vietnam Economic News.
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Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
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Illustrative image (Source: VNA)
