The Vietnam Post and Telecommunications Group (VNPT) earned over 5.86 billion USD in revenue and 192.72 million USD in profit in 2016, up 7 percent and 20.3 percent year on year respectively.
Hanoi (VNA) - The Vietnam Post and TelecommunicationsGroup (VNPT) earned over 133.23 trillion VND (5.86 billion USD) in revenue and 4.38trillion VND (192.72 million USD) in profit in 2016, up 7 percent and 20.3percent year on year respectively.
This is the third consecutive year the group has enjoyed a profit growth ofover 20 percent.
The figures were released at a conference to launch thegroup’s 2017 plan on December 27.
Addressing the event, Minister of Information andCommunications Truong Minh Tuan said the year 2016 marked the significantimprovements of VNPT after one year of reshuffle.
VNPT has reinforced and secured its role as one of thepillars in Vietnam’s telecommunication and information and communicationtechnology (ICT) market, Tuan said.
In 2016, the group contributed 3.6 trillion VND (158.4million USD) to the State budget, up 1.4 percent from 2015.
It now has 38.6 million mobile subscribers and 3.8 millionbroad-band internet subscribers.
In 2017, VNPT aims tobecome the best provider of telecom services by applying new advancedtechnology to improve products and bettering services.-VNA
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.
Minister of Information and Communications Truong Minh Tuan on October 14 signed licences granted to Viettel and VNPT to set up public telecommunication networks and provide 4G services.
Minister of Information and Communications Truong Minh Tuan on October 28 handed a licence to provide 4G services to the Vietnam Post and Telecommunication Group (VNPT).
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Customers at a VNPT branch (Photo: VNA) 
