Business

How did VNPT and Vinaphone do business in 2 years of covid?

In 2021, Vietnam Posts and Telecommunications Group (VNPT) announced business results with a revenue of 51,272 billion dong, a slight increase compared to more than 50,000 billion dong in 2020, but after-tax profit results went down. backward, reaching 5,055 billion dong, down 11.6% over the same period last year.

  How did VNPT and Vinaphone do business in 2 years of covid?  - Photo 1.

Notably, the total value of cash and short-term deposits of VNPT at the end of 2021 reached more than VND 50,200 billion – a sharp increase compared to the figure of nearly VND 44 trillion at the beginning of the year.

This cash block of VNPT is larger than any enterprise listed on the Vietnamese stock exchange. By the end of the first quarter of 2022, such as Hoa Phat (VND 46,300 billion), PV Gas (VND 33,700 billion), Airports Corporation of Vietnam – ACV (VND 31,300 billion), FPT Corporation (VND 26,400 billion) ), Binh Son Refinery and Petrochemical (VND 21,500 billion)…

  How did VNPT and Vinaphone do business in 2 years of covid?  - Photo 2.

In 2021, this group said it has paid 5,408 billion VND to the State budget, equal to 102% of the plan.

Last year, VNPT focused on strongly developing infrastructure, in which expanding the capacity of international Internet connection by 23%; the expanded computing/storage capacity of the data center system increased by 25% compared to the end of 2020; commercial testing of 5G.

The core services business achieved good growth, maintaining the No. 1 market share in fixed broadband subscriptions; Information technology infrastructure services increased by 26.6%, digital government increased by 118.7%, digital education increased by 15.8%.

VNPT has also signed many cooperation agreements with large corporations such as Nokia (Finland), Thales (France), Babylon (UK). These agreements make an important contribution to VNPT’s strategy of developing digital infrastructure and digital products.

In the 2022 plan, VNPT leaders said that the group will strive to increase profit by 6% or more compared to 2021, parent company’s profit by 6%, and total revenue by 4% compared to 2021. In that case, the parent company’s revenue growth is 3% (according to the plan assigned by the State Capital Management Committee).

Recently, Chairman of the Committee for Management of State Capital at Enterprises signed and promulgated the Decision to appoint Mr. Nguyen Manh Thang, Chairman of MobiFone’s Board of Members to hold the position of Member of the Board of Members of VNPT Group.

A major contributor to VNPT’s business results is the Telecommunications Service Corporation (VNPT VinaPhone) – the key business unit and plays an important role in the value chain of VNPT Group.

In 2021, VinaPhone recorded revenue of 41,500 billion VND, a slight increase compared to the same period in 2020. Since 2016, this unit has still achieved stable revenue growth around 40,000 billion VND. Profit after tax in 2021 reached VND 1,398 billion and was the highest level of the company in the 7-year period.

  How did VNPT and Vinaphone do business in 2 years of covid?  - Photo 3.

It can be seen that the revenue and profit of this company has started to break out and grow significantly since 2016. Before that, 2015 was the time when VNPT Group focused on restructuring with the birth. and operations of corporations with 100% capital of the Group such as VNPT VinaPhone, VNPT Media, VNPT Net. After restructuring, VinaPhone quickly rose from the 3rd position to the 2nd position in the mobile telecommunications market.

VinaPhone currently serves more than 30 million domestic subscribers, roaming to nearly 500 mobile information service providers in more than 200 countries/regions.

According to the latest report of Ookla – a provider and evaluation of data service quality, VinaPhone is the fastest network operator among operators operating in Vietnam in the first quarter of 2022.

https://cafef.vn/vnpt-va-vinaphone-da-king-doanh-ra-sao-trong-2-nam-covid-20220607105740219.chn


According to Nhuan Hoa

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