SOUTH TELECOMMUNICATIONS SOFTWARE JOINT STOCK COMPANY

Founded in 2005, South Telecommunications Software Joint Stock Company (South Telecom JSC) is a Vietnamese enterprise specializing in telecommunications technology, digital communications, and software based telecommunication services. The company provides internet voice services, digital conferencing, web conferencing, and online marketing solutions to a wide client base across Vietnam. With nearly two decades of operational experience, South Telecom has developed into a reliable provider of integrated digital communication services, catering to both corporate and institutional clients.

Headquartered in Ho Chi Minh City with a branch office in Hanoi, South Telecom’s business model combines software innovation with telecommunications infrastructure. The company also engages in the wholesale of electronic and telecommunication equipment, software distribution, and the manufacture of related hardware components. Its technology driven approach has allowed it to stay relevant in a rapidly changing digital environment, supporting businesses and public sector clients in adopting advanced communication systems.

In 2023, South Telecom recorded total revenue of approximately USD 81.85 million, supported by strong demand for telecommunications and digital services . With a workforce of around 50 employees, the company continues to grow through efficiency, innovation, and service reliability.

Leadership and Shareholders

The company is led by H. M. Cuong, who serves as both Chairman and Director, overseeing corporate strategy, technology development, and overall operations. Under his leadership, South Telecom has diversified its business portfolio and strengthened its position in the competitive telecommunications sector.

The shareholder structure is concentrated among five key Vietnamese investors. H. M. Cuong holds 29.38 percent of total shares, followed by T. Quy with 29.36 percent, and N. N. Binh with 25 percent. N. T. T. Ha owns 15 percent, while P. T. Kien holds 1.26 percent. This concentrated ownership allows for effective management oversight and strategic alignment among core stakeholders. The company’s charter capital stands at USD 2.05 million, with a paid up capital of USD 1.23 million as of December 31, 2023.

Financial Growth and Market Risks

South Telecom has maintained consistent growth in recent years, supported by steady expansion in Vietnam’s digital communications sector. In 2023, total assets increased by 18.36 percent compared with the previous year, while revenue rose by nearly 10 percent. The company achieved a net profit of USD 495,978, marking its third consecutive year of profit growth.

Although the company continues to strengthen its equity position, rising input costs and competitive pricing in the telecommunications sector may affect future profitability. The firm’s financial performance remains sensitive to fluctuations in exchange rates and changes in regulatory requirements within Vietnam’s digital communications industry. A detailed financial assessment prepared by Vanguard Business Information LLC (VNBIS) provides insights into South Telecom’s liquidity, capital utilization, and risk indicators, enabling investors and partners to assess its financial resilience.

Business Intelligence and Risk Outlook

South Telecommunications Software Joint Stock Company is positioned to benefit from Vietnam’s increasing digital transformation and growing demand for secure and reliable telecommunication services. The company’s strength lies in its integrated business model that combines software development with communication technology solutions, providing clients with end to end connectivity and digital engagement tools.

In the medium term, South Telecom is expected to expand its market reach through service diversification and technology innovation. Its branch in Hanoi enhances geographic coverage, while partnerships with domestic and regional service providers create opportunities for scaling its business model. As Vietnam’s telecommunications infrastructure continues to modernize, the company is well placed to capture growth opportunities in internet-based services, cloud communication, and enterprise solutions.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive range of professional business intelligence solutions to support investors and partners in evaluating South Telecommunications Software Joint Stock Company’s financial and operational standing.

VNBIS services include:

• Company Credit Reports evaluating solvency, liquidity, and financial health.
• Risk Management Solutions analyzing market exposure, capital structure, and profitability trends.
• Business Verification and Due Diligence Reports confirming ownership, compliance, and governance records.

Through these services, VNBIS helps clients make secure, transparent, and data driven business decisions.