VNPT enjoys over 20 percent profit growth rate for third consecutive year

Vietnam Posts and Telecommunications Group (VNPT) yielded the total profit of VND4,380 billion (US$192 million) in 2016, up 20.3 percent over the previous year. It is the third year in a row the group gained the growth rate of over 20 percent.

According to reports by the group at a conference to implement next year plan, 2016 revenue hit VND133,233 billion ($5.85 billion), up 7 percent over the last year.

The group contributed VND3,600 billion ($158 million) to the state budget, up 1.4 percent over 2015.

Telephone subscribers reached 38.6 million by the end of 2016 while broadband internet subscribers hit 3.8 million.

The group has set a target to become the pioneer in implementing new telecom technologies and services and the best mobile network operator in both service and quality.
Attending the conference, Minister of Information and Communications Truong Minh Tuan said that 2016 marked the vigorous change of VNPT after a year of restructuring and reform.

The group has affirmed its position of one out of three telecom and IT giants in Vietnam.

By Tran Binh – Translated by Hai Mien

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