The Viet Nam Posts and Telecommunications (VNPT) Group will restructure for equitisation this year to implement Decision 2129/QĐ-TTg on the group’s restructuring during the 2018-2020 period.

This was announced by Deputy Minister of Information and Communications Pham Hong Hai at a meeting on Tuesday.

VNPT will equitise according to the roadmap approved by the Prime Minister, with the aim of developing itself into a strong State-owned economic group, a leading digital service provider in Viet Nam and the leading transaction centre in South East Asia and Asia.

VNPT’s target till 2020 is an average revenue growth rate of 6.5 per cent a year and an average profit growth of 10.8 per cent a year.

The target during the 2021-25 period is an average revenue growth rate of 7.7 per cent a year and an average profit growth rate of 11 per cent a year.

Under the restructuring plan, VNPT’s key businesses will include products and services of telecommunications, information technology, multimedia and other digital services, consultancy, design, installation, exploitation, maintenance, repair and lease of telecommunication and information technology constructions and equipment.

Hai requested VNPT to refer to the experience of successfully equitised enterprises in Viet Nam and other countries in order to maximise the State capital assets and ensure transparency and lawfulness during the equitisation process.

General director of the group, Pham Duc Long, affirmed that VNPT this year would focus on organising, managing and producing according to the restructuring plan.

The Ministry of Information and Communications has established a steering committee for VNPT’s equitisation, headed by Minister of Information and Communications Truong Minh Tuan. — VNS