VNPT speeds up restructuring process

July 11, 2014 | 08:35

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The Vietnam National Post and Telecommunications Group (VNPT) will propose a plan to the government to set up three corporations in the third quarter of the year, one official said.

VNPT speeding up restructuring

VNPT’s general director, Tran Manh Hung, said that before sending the plan to the government, the group would submit it to the Ministry of Information and Communication for appraisal within this month.

Three planned one-member limited corporations would be established, called VNPT-Net, VNPT-Media and VNPT-VinaPhone, which would be under the direct management of VNPT.

The move is part of the effort to realise the group’s restructuring plan for the 2014-2015 period, which was approved by the Prime Minister on June 10.

VNPT-Net would be responsible for managing VNT and VTI infrastructure, VinaPhone and VDC’s core network as well as telecom infrastructure in localities nationwide.

VNPT-VinaPhone will be in charge of operating the businesses of VNPT, VDC, VTN and VTI, while VNPT-Media would ensure the supply of content and communication services via VASC, VDC, and VNPT’s Information and Public Relations Centre (IPC).

In addition, VNPT must compile a regulation on an operational charter, under which its new registered capital would be VND72 trillion (USD3.38 billion). The charter is expected to be issued in August this year.

At a recent meeting on separating MobiFone from VNPT to fall under the management of the ministry, Minister of Information and Communications Nguyen Bac Son requested that VNPT enhance the capacity of these three corporations in order to have a standard operational system, as does Viettel, as well as improve their competitiveness.

VietNamNet, dtinews

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