The only way is up: VNPT sets 2011 revenue, profit targets

Vietnam Posts and Telecommunications Group (VNPT) expects to generate revenue of VND130 trillion (USD6.6 billion) in 2011, an increase of around 28% over the previous year, Vietnam Business News writes, citing a report by Vietbiz24.com. In 2010 the state-owned incumbent telco’s turnover totalled VND101.569 trillion, up 27% year-on-year and representing 100.56% of the year’s target. This year VNPT targets profit of VND11.8 trillion, compared to VND11.2 trillion in 2010. In terms of subscribers, VNPT added a further 15 million fixed and mobile telephony customers in 2010, as well as around 534,000 ADSL (‘MegaVNN’) and fibre-to-the-home (‘FiberVNN’) internet subscribers.