VNPost looks for express delivery

From the start of next year Vietnam Post Corporation (VNPost) will split from VNPT to come under Ministry of Information and Communications (MIC) management via Decision 1746/QD-TTg dated November 16, 2012.

According to VNPT chairman Pham Long Tran, the trajectory of splitting post from telecom services had taken place for around a decade. The idea was first conceived in 2000 and piloted in several localities.

From January 1, 2008 post and telecom became two independent services provision areas but were still put under one roof of VNPT. At this time conditions were sufficient for VNPost to become an independent entity with a new name VNPost under MIC management.

Tran assumed VNPost operating separately from VNPT would be a necessity to prop up innovations and development for both sides.

“For VNPT, it is an important part in the group’s business system restructuring process whereas to VNPost, it would motivate the post sector to embrace further innovations for sustainable development,” said Tran.

 At this point, procedural issues relevant to the transfer were reportedly completed, not regarding financial transfers.

“The move pursues national interests. Moving VNPost from VNPT to MIC does not entail changes to operations, management, interests and obligations of VNPost staff members,” said MIC Minister Nguyen Bac Son.

Son underscored the transfer, which was part of the process to restructure state-owned enterprises in the information and communications sector, aimed to better firms’ operational efficiency and help them grow stronger.

According to VNPost chairman Do Ngoc Binh, VietnamPost always considered postal services as part of VNPT sales network, playing as VNPT’s extending hand to customers.

“Post and telecom has been cooperating closely under VNPT roof in the past years. In the upcoming years, VietnamPost and VNPT need to scale up cooperation to bolster efficiency,” said Binh.

In 2013, VNPost set to achieve VND45.5 billion ($2.2 million) in the whole system’s full-year revenue, hiking 7 per cent against the expected 2012 figure, including VND32.5 billion ($1.5 million) from the parent company up 5 per cent against 2012’s estimated level and VND13 billion ($620,000) from subsidiaries, up 14 per cent.