Viettel Post weathers the storm

The award is organised annually by the Vietnam Central Union of Young People and the Vietnam Young Entrepreneur Union to promote local brand names and enterprises.

Based on the organisers’ assessment of the corporation over the past three years, Viettel Post met all competitiveness, technology, environmental, and quality management standards. There are also critiques of brand names, human resource management, and development.

Over the past three years, Viettel Post’s average annual revenue has grown by 23 per cent per year, 3-5 per cent higher than that of the postal sector in general.

The company has achieved an average growth of 12.3 per cent profit, 22.7 per cent employee income, and 15 per cent shareholder dividend return every year.

“We are proud of these numbers, particularly as many enterprises are facing economic difficulties,” said Viettel Post’s general director Luong Ngoc Hai.

Under this strategy, over the next five years, Viettel Post will continue to develop its services to better benefit customers.

The company has expanded its business to Cambodia and China, and had plans to increase its overseas investment. While using Viettel Telecom’s over 15,000 employees, Viettel Post will extend its services to every district and commune in Vietnam by 2015.

Viettel Post reported that in the first six months of this year, revenue totaled $23.7 million, up 26 per cent against last year, marking profits of $638,000 and a contribution of $1.43 million to the state budget.

“We have accomplished 49 per cent of the year’s projected revenues, and have marked the highest total revenue since the company started,” said Hai.

Viettel Post expects the turnover of $48.8 million this year, up 15 per cent against last year. The after-tax profit is expected to total $1 million, up

13 per cent. Additionally, they will add 7 per cent to their workforce and their shareholder dividends should reach 12-15 per cent.