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

18 Jan 2011

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.

Vietnam, VNPT-Vinaphone