AsemconnectVietnam - Viettel Post Joint Stock Corporation - Viettel Post (code VTP) has just announced the Board of Directors' Resolution on the establishment of a subsidiary in Laos with an investment capital of over VND136 billion, equivalent to over USD5.34 million.

VTP said that the project name is to invest and establish a cross-border delivery, logistics and transportation company in the Lao PDR called Viettel Post Laos Company Limited.
The goal is to invest in infrastructure and provide delivery services; warehousing services; domestic and international freight transport; trade in goods and services; e-commerce; import and export; Forwarding services (freight forwarding services).
VTP's foreign investment capital is over VND136 billion, equivalent to over USD5.34 million, 100% in cash, Viettel Post uses entirely from its equity capital.
Regarding business performance, in the first half of 2024, Viettel Post recorded revenue of nearly VND9,619 billion, a slight decrease compared to the same period last year. Accordingly, VTP's after-tax profit decreased by 13% to VND152 billion.
In 2024, VTP plans to have revenue of nearly VND13,190 billion and after-tax profit of VND370 billion, down 33% and 3% respectively compared to the results of 2023. Thus, compared to the annual plan, the Company has achieved 73% of the revenue target and 41% of the annual profit target.
Regarding personnel changes, on August 26, the Board of Directors of VTP approved a resolution to dismiss Mr. Nguyen Thanh Nam from the position of Chairman of the Board of Directors for the 2024 - 2029 term for personal reasons. At the same time, the Board of Directors unanimously appointed Mr. Nguyen Viet Dung to hold the position of Chairman of the Board of Directors of VTP from August 26.
Mr. Nguyen Viet Dung has a Master's degree in Business Administration. He joined Viettel Group from its early days and held many important positions. In 2018, he held the position of Head of Strategy Department of Viettel Group. In April 2019, he assumed the position of Member of the Board of Directors of Viettel Post.
N.Nga
Source: VITIC/Tinnhanhchungkhoan