Viettel Post recognised for good financial management

Monday, Sep 30, 2019 08:20

Viettel Post is one of the few enterprises with over 20 years experience in the delivery market. — VNS Photo

Viettel Post, a subsidiary of Viettel Corporation, was recognised as one of the top enterprises in terms of financial management capacity on the Viet Nam Stock Exchange in 2019 during an awards ceremony in the capital this week.

The awards were granted by the Viet Nam Chamber of Commerce and Industry (VCCI) and Vietnam Business Forum newspaper, in collaboration with the Institute for Business Studies and Development and the Vietnam Association of Accountants and Auditors (VAA).

This year, public companies from 30 sectors were evaluated and ranked based on 21 indicators related to all aspects of business activities.

Viettel Post, which is one of the few enterprises with over 20 years’ experience in the delivery market, joined the stock exchange from the end of 2018.

In 2019-24, Viettel Post aims to become the No 1 sales enterprise in Viet Nam based on a smart logistics platform. To achieve this, it will continue to expand delivery and logistics services, and further promote the application of technology and an e-commerce platform, as well as increase investment in warehouse infrastructure.

Viettel Post's production and business activities have closely followed the growth plan roadmap. The corporation has been active in digital transform with the new firms MyGo, Vo so and Bang chuyen, which apply the latest technology and innovation in logistics.

Viettel Post plans total revenue of VND6.7 trillion (US$288.5 million) and net profit of VND380.2 billion ($16.3 million) in 2019, both up more than 36 per cent over last year.

Its shares, coded VTP on the Unlisted Public Company Market (UPCoM), are trading around VND130,000 ($5.6) per share. — VNS

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