On June 25, the Government issued Resolution No. 186/NQ-CP on merging Telecommunication Services Corporation and Communications Corporation into the Parent Company - Vietnam Post and Telecommunication Group (VNPT Group).
The Government agrees with the proposal of the Ministry of Finance in Document No. 245/TTr-BTC dated May 29, 2025 on applying the provisions of Decree No. 23/2022/ND-CP of the Government on the establishment, rearrangement, conversion of ownership, and transfer of ownership representative rights at enterprises with 100% state-owned capital to rearrange the subsidiary of Vietnam Post and Telecommunications Group (VNPT Group) in the form of merging Telecommunications Services Corporation (VNPT-Vinaphone), Communications Corporation (VNPT-Media) into the parent company - VNPT Group.
Regarding authority: The Board of Members of VNPT Group decided to merge VNPT-Vinaphone, VNPT-Media into parent company VNPT after the Prime Minister approved the merger policy at the request of the Ministry of Finance (the owner's representative agency of VNPT Group).
Within 3 days from the date of issuance of this Resolution, based on the dossier submitted by VNPT Group and received from the previous State Capital Management Committee at Enterprises, the Ministry of Finance will complete the Submission to the Prime Minister for approval of the merger policy; be responsible for the dossier and dossier submitted to the Prime Minister; supervise the implementation of the above merger to ensure effective use of state capital invested in enterprises.
The Board of Members of VNPT Group decided to merge VNPT-Vinaphone, VNPT-Media into the Parent Company - VNPT to ensure compliance with the documents and projects submitted to the Ministry of Finance, ensuring a streamlined, effective, and efficient apparatus, and continuous operation of the enterprise throughout the merger process, improving capital efficiency; responsible for proposals and effectiveness of arrangement and merger.
The organization of the implementation of business merger procedures must comply with the provisions of business law, the law on management and use of state capital invested in production and business at enterprises and related laws.
This Resolution takes effect from the date of signing and promulgation (June 5).
