The Vietnam Post and Telecommunications Group (VNPT) earned an estimated 63.15 trillion VND in revenue and 2.16 trillion VND in profit in the year's first half, achieving 50.6% of the yearly target.
Hanoi (VNA)𝓀 – The Vietnam Post and Telecommunications Group (VNPT) earned an estimated 63.15 trillion VND (2.8 billion USD) in revenue and 2.16 trillion VND in profit in the first half of this year, achieving 50.6 percent of the yearly target.
The revenue also registered a 121.1 percent year-on-year increase.
In a press release issued on July 18, VNPT said mobile network operator VNPT-VinaPhone, one of the firm's key arms, maintained a good growth rate by adding 6.5 million subscribers in these six months.
The network operator is estimated to have earned 25.4 trillion VND in the first half of this year, making a profit of 569 billion VND, equal to 51.76 percent of the yearly target.
Meanwhile, VNPT-Media, established last year, earned more than 532 billion VND in revenue and 53 billion VND in profit.
Speaking to local media on the occasion of the 20th anniversary of the establishment and development of VNPT last month, Deputy Director Luong Manh Hoang said the firm aimed to claim 33 percent of the market share, being the second largest service provider in the Vietnamese telecommunication market this year.
Vinaphone said it currently had nearly 20 percent of the market share and was the third largest service provider in the market.
The top two network providers are Mobifone and Viettel.
Hoang said VinaPhone had invested heavily in infrastructure to supply wide bandwidth for 4G services to meet the customers' demand.
"When the 4G service is licensed, it will be a good opportunity for us to change our ranking and shorten the gap with the number one rival in the market," Hoang said.
The Ministry of Information and Communications is scheduled to grant a 4G licence in the second half of this year. VinaPhone, Mobifone and Viettel had piloted a 4G service under the approval of the ministry.-VNA
Vietnam Post and Telecommunications Group (VNPT) is introducing its health information system (HIS) at the four-day International Communications and Information Technology Exhibition in Singapore.
The Vietnam Posts and Telecommunications Group (VNPT) and US-based Microsoft on July 7 inked a Memorandum of Understanding on strategic cooperation in cloud computing, cyber security and smart city.
Minister of Information and Communications Truong Minh Tuan urged enterprises to send recent reports on 4G testing results as the Government had policies to accelerate the licensing for 4G this year.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Customers at a VNPT branch (Photo: VNA)
