AsemconnectVietnam - On December 21, 2023, Ho Chi Minh Stock Exchange (HOSE) has issued Decision No. 819/QD-SGDHCM approving the listing of nearly 122 million shares of Viettel Post Joint Stock Corporation (Viettel Post, stock code VTP).

It is expected that the official trading time of VTP shares on HOSE will take place in February - March 2024.
Viettel Post has a charter capital of nearly VND1,218 billion and is a member of the Military Industry and Telecommunications Group (Viettel). Viettel Post's logistics ecosystem is based on modern, high-tech infrastructure, providing full services such as: delivery, supply chain (warehouse, transportation, forwarding...), cross-border e-commerce meets the needs of using logistics services for large domestic and foreign corporate customers.
In 2023, Viettel Post will optimize costs; introduce new technology into parcel sorting and exploitation activities and focus on developing revenue of core activities, including delivery services and supply chain. Accordingly, estimated revenue in 2023 will increase by 30%, annual profit is expected to increase by 47% over the same period. This is a huge increase compared to the industry's average growth rate in 2023, forecast to be only about 10%.
Continuously for two years 2022-2023, Viettel Post has focused on investing in network infrastructure and technology, optimizing operating processes. Determining the importance of infrastructure investment, Viettel Post will continue to invest more in technology from now until 2025. In 2024, Viettel Post will continue the "Go Global" strategy when promoting its operations in 2 subsidiaries in Myanmar and Cambodia markets; investment survey to Laos; planning to open representative offices in Thailand and China.
In November 2023, the Hanoi Stock Exchange (HNX) voted and honored Viettel Post in the Top 10 large-scale public companies on UPCoM that perform well in information disclosure and transparency in 2022 - 2023.
Recently, VTP shares have also been actively traded with many good liquidity sessions on UPCoM. VTP market price also has many positive signals when at one point it exceeded the peak of 50,000 VND/share and is currently maintaining at 48,600 - 49,000 VND/share.
Viettel Post's Board of Directors sets a goal that in the next 5 years, sales will increase 10 times compared to 2023, equivalent to a growth rate of 60-65% per year for both core activities and new areas.
N.Nga
Source: VITIC/Tinnhanhchungkhoan