Government approves plan to split VNPT into three units

13 Jan 2015

Vietnam’s Prime Minister Nguyen Tan Dung has approved the proposal by state-owned Vietnam Post and Telecommunication (VNPT) to split its assets into three units, VietnamNet reports. The three entities will operate independently and in separate fields, as follows: VNPT-Net, specialising in network infrastructure; VNPT-Vinaphone, providing mobile telecoms services; and multimedia unit VNPT-Media.

As previously reported by TeleGeography’s CommsUpdate, in November 2014, the state-backed PTO submitted its restructuring plan to the Ministry of Information and Communications (MIC), as part of a government plan to increase competition in the telecoms market. At the time, the group’s general director, Tran Manh Hung, said the three new firms will operate independently and will be ‘vigorously evaluated for efficiency’ by VNPT, adding that the reorganisation of its core operations will enhance the group’s competitiveness and increase efficiency.

Vietnam, VNPT-Vinaphone