VNPT Group officially announced the establishment of 3 corporations

On the afternoon of May 15, the Vietnam Posts and Telecommunications Group officially announced the establishment of three corporations: Telecommunication Services Corporation (VNPT-Vinaphone), Communications Corporation (VNPT-Media) and Network Infrastructure Corporation (VNPT-Net).

Specifically, VNPT-Vinaphone was established on the basis of reorganizing the following departments: Business, sales, customer care, service engineering, billing, collection and some management and support departments of 63 VNPT provinces/cities, Telecommunication Services Company (Vinaphone), Inter-provincial Telecommunication Company (VTN), International Telecommunication Company (VNPT-I), Computing and Data Transmission Company (VDC).

VNP-VinaPhone's charter capital is VND5,200 billion. VNPT-VinaPhone's main business lines are trading in telecommunications and information technology products and services; radio and television broadcasting and multimedia services; content services, value-added services, etc.

By 2020, VNPT-VinaPhone's target is to achieve revenue of VND 26,000 billion, pre-tax profit of VND 3,300 billion, average growth rate of 49%/year; accounting for over 30% of mobile service market share, over 80% of broadband service market share.

VNPT-Media was established on the basis of reorganizing VASC Company, Information and Public Relations Center and research and development departments of digital content and value-added services of VDC Company and VinaPhone Company.

VNPT-Media's main business lines include research, development, and production of software products, content services, value-added services, communications, and television; management and implementation of television activities, provision of subscription programs, etc. VNPT-Media's charter capital is VND 2,300 billion.

Finally, VNPT-Net was established on the basis of reorganizing the Inter-Provincial Telecommunication Company (VTN); the telecommunications management and operation department of VNPT Group; the technical infrastructure department of a number of units such as VinaPhone, VDC, VNPT-I and the technical infrastructure of the Transmission Switching Centers of 63 VNPT provinces/cities.

These faces are believed to steer VNPT back to the pinnacle of glory. (Photo: TH/Vietnam+)

Regarding the personnel of the three corporations above, Mr. Pham Duc Long, General Director of VNPT, will concurrently hold the position of Chairman of the Board of Members of VNPT-VinaPhone; Mr. Luong Manh Hoang will hold the position of Deputy General Director of VNPT and General Director of VNPT-VinaPhone.

In addition, Mr. To Manh Cuong, Deputy General Director of VNPT, will concurrently hold the position of Chairman of the Board of Members of VNPT-Media; Mr. Ngo Dien Hy will hold the position of Deputy General Director in charge of the position of General Director of VNPT-Media. Regarding VNPT-Net, Mr. Nghiem Phu Hoan, Deputy General Director of VNPT, will concurrently hold the position of General Director of VNPT-Net./

According to VNA