In Official Dispatch No. 6468/VPCP-DMDN dated July 11, 2025, Deputy Prime Minister Ho Duc Phoc agreed in principle to merge VNPT-Vinaphone, VNPT-Media into the Parent Company - VNPT Group.
The document stated that, considering the proposal of the Ministry of Finance on approving the policy of merging Telecommunication Services Corporation (VNPT-Vinaphone), Communications Corporation (VNPT-Media) into the parent company - Vietnam Post and Telecommunication Group (VNPT Group), Deputy Prime Minister Ho Duc Phoc commented as follows:
Agreeing with the policy of merging VNPT-Vinaphone, VNPT-Media into the parent company - VNPT Group to ensure compliance with Resolution No. 186/NQ-CP dated June 25, 2025 of the Government and related legal regulations.
The VNPT Group Board of Members, under its authority, shall consider and decide on the merger of VNPT-Vinaphone and VNPT-Media into the Parent Company - VNPT Group according to the provisions of Resolution No. 186/NQ-CP of the Government and related legal regulations, in line with the goal of restructuring VNPT Group until the end of 2025 according to Decision No. 620/QD-TTg, ensuring publicity, transparency, and no loss of property of enterprises and the State, preventing corruption, negativity, waste, group interests, and violations of the law.
The Ministry of Finance is fully responsible for the proposed dossier, content, and data to the Prime Minister and the Government; supervise the implementation of the above merger to ensure effective use of state capital invested in enterprises; report to the Prime Minister on the implementation results in 2025.
Vinaphone was established in 1996. As of early 2024, VNPT-Vinaphone serves nearly 30 million mobile subscribers, more than 8 million fixed broadband subscribers (accounting for 40.73% of the market share) and 5.3 million MyTV television subscribers nationwide.
VNPT-VinaPhone also provides VNPT Group's digital transformation solutions to many agencies such as the Government Office, the Ministry of Public Security, the Ministry of Health, and telecommunications and information technology services to hundreds of thousands of businesses nationwide.
VNPT-Media was established in May 2015 on the basis of reorganizing VASC Company, the Information & Public Relations Center and the departments of digital content research and development, value-added services of VDC Company, Vinaphone Company.
Currently, VNPT-Media operates in the fields of research and development, business of television, multimedia communication services, value-added services and information technology. This enterprise has 4 affiliated units including the Television Service Development Company, the value-added service development company, the Software Development Company, the Digital Financial Services Center and functional departments and branches in the Central and Southern regions.
In addition to VNPT-Vinaphone and VNPT-Media, VNPT Group also has other companies such as VNPT-Net, VNPT-Technology and VNPT-IT. In 2024, the total revenue of VNPT Group will reach VND 58,540 billion, of which the parent company will contribute VND 41,995 billion, an increase of 7% compared to 2023.
VNPT's consolidated pre-tax profit reached VND 6,086 billion. The parent company earned 4.565 billion, up slightly over the same period last year.
