The robust growth of Vietnam is a reflection on the country’s many sectors, including telecommunication. By 2017, the economic growth will be 6.81% following difficulties bottoming out in 2012. According to Brand Finance, VNPT is in the third position and VinaPhone (mobile brand name of VNPT) is ranked 8th in the top 10 most valuable brand names in Vietnam in 2017. The brand value of VNPT increased the most by 11% compared to 2016.
In 2017, VNPT has achieved impressive results as it has participated actively and plays a leading role in implementing e-government nationwide. Compared with the same period of 2016, the e-government software of VNPT has been integrated and used in 61 of 63 provinces and cities such as VNPT E-Office software has been used increased 04 times times; The one-gate software (VNPT I-Gate) increased 03 times; Information portal (nPortal) increased 1.2 times; Educational software (Vnedu) usage doubled.
VNPT has signed agreements and strategic cooperation on telecommunications – IT with 52/63 provinces and cities and Introduced, implemented smart city model in 17 provinces / cities. Build and deploy IT solutions for ministries, departments, hospitals, universities.
VNPT has provided many new IT solutions and services such as:
Enterprise Management Solution (VNPT ERP); The Distribution channel management solution, point of sale (VNPT DMS-POS); Remote image monitoring and control solution (VNPT CAM); Video conferencing services on cloud computing platform (VNPT Meeting); Goods origin authentication (VNPT Check); Smart Advertising Solutions (VNPT SmartAds); Storage service (Smart Cloud); Security Services (F-Secure SAFE); Value added service management system (VASCloud); Application charging and checking account (VNPT USSD)
VNPT also actively invested in infrastructure, improving network quality, coverage with the largest number of BTS stations ever. Namely, VNPT-Net Corporation, a subsidiary of VNPT, has deployed 20,000 more mobile stations 2G, 3G and 4G, raising the total number of stations on the network to 75,000 mobile stations nationwide. In addition, total international Internet bandwidth increased by 83% compared to 2016, total internet caching capacity increased 2.1 times.
In 2017, VNPT produced over two million products, including 1.5 million GPON ONT and many new products in the field of IoT, LTE, sensor. Total output of optical fiber production to serve VNPT’s network development demand is 52,066 km.VNPT has exported its products and equipment to countries like India, Cuba, Myanmar, South Korea, Philippines.
VNPT has established the Streamnet company in Myanmar to operate the broadband network and telecom services. The company officially provides services from January 1/1818. VNPT is also accelerating the provision of IT solutions in overseas markets and expands investment and business opportunities in potential overseas markets.
VNPT also successfully completed its business results in 2017 with a 7% increase in group revenue compared to 2016, a 21% increase from the same period last year. For 4 consecutive years, VNPT’s profit has grown over 20% over the previous year.
In 2017, VNPT Group has more than 31 million mobile subscribers, 3.1 million fixed subscribers, nearly five million sub of Internet broadband service, increased 52% over last year.
As the first enterprise to offer fixed, mobile, internet and 3G, 4G services to the people of Vietnam, throughout the development process, VNPT has made efforts to build a national communications infrastructure system which is modern, synchronous, and broad. This effort is not only used for business activities, but many of them serve both the socio-economic development goals of the country, especially the remote and rural areas.
In the past time, VNPT has spent some hundreds of billions (VND) and initiated and participated in many social responsibility programs such as:
Funding the Poor
Taking care Vietnamese heroic mother
Build houses of gratitude, love
Support for local and national child protection funds
Support humanitarian organizations
To support people affected by natural calamities and storms
Support poor communes and districts
“The compassionate program” brings the Tet (new lunar year holiday) to the poor
Offering wheelchairs for people with disabilities
With these contributions, VNPT has been awarded many noble titles such as Gold Cup “Humanity of Vietnam” and “Enterprise for the Community” in the year.
The “Vietnam IT Talent Award” is one of the most prestigious awards in the country’s telecom and IT sector. VNPT has initiated and co-operated with this award over the past 12 years, with the aim to nurture talent in the field of IT development.
VNPT has successfully completed these business targets in 2017
VND 5,010 billion: Total profit, reaching 105.6% of the plan, up 21% compared to 2016.
VND 144,747 billion ($ 6.5 billion): Total revenue, reaching 100.7% of the plan, up 7% compared to 2016
VND 4,116 billion: Total state budget contribution, reaching 105.5% of the plan, up 9.3% compared to 2016.
34 million: Total phone subscribers, of which, fixed subscribers (wired, wireless) reached 3.1 million subscribers; Mobile subscribers reached 31.1 million.
4.6 million: Total broadband Internet subscribers, up 21% compared to 2016, of which FTTH subscribers reached 4.1 million, up 52% compared to 2016.
The results achieved in 2017 will be the premise for VNPT to move strongly to a digital service provider in the next period, the period of digital and smart technologies in the industrial revolution 4.0.
“2017 is the fourth consecutive year that VNPT Group achieved the profit growth rate of over 20%”
Mr Tran Manh Hung
“In 2018, VNPT will strongly shift from traditional telecommunication service provider to digital service provider (DSP)” said by VNPT CEO Mr Pham Duc Long
Name: VietNam Posts and Telecommunications Group (VNPT)
Location: Viet Nam
Business: Telecommunications and ICT services
Products: (for example: Retail banking)
Turnover (latest): 6.5 billion USD in 2017
Branches/Global footprint: Laos, Cambodia, Myanmar, USA
Chairman: Mr Tran Manh Hung
CEO: Mr Pham Duc Long
A standout feature of the company, its initiatives, products, employees