VIETTEL POST JOINT STOCK CORPORATION

VIETTEL POST JOINT STOCK CORPORATION, locally known as TỔNG CÔNG TY CỔ PHẦN BƯU CHÍNH VIETTEL, is a major player in Vietnam’s postal and logistics industry. Established in 2009, the company operates as a state-invested enterprise, with 60.84 percent of its shares held by Viettel Group. Headquartered in Cau Giay District, Hanoi, Viettel Post has a nationwide distribution network, supporting its logistics, courier, and transportation services.

According to Vanguard Business Information LLC (VBI), Viettel Post reported total assets of USD 264.34 million in 2023, reflecting a 12.2 percent increase from the previous year. Despite this growth, total sales declined by 9.44 percent to USD 804.71 million, indicating challenges in revenue generation amid market fluctuations. However, the company’s profit surged by 48.53 percent to USD 15.61 million, demonstrating improved cost management and operational efficiency.

Legally, Viettel Post operates under Business ID 0104093672, and its Tax Identification Number (TIN) is 0104093672. It is registered with the Hanoi City Department of Planning and Investment and is listed on the Ho Chi Minh City Stock Exchange (HOSE) under the stock symbol VTP. With a charter capital of USD 50.03 million and nearly 15,000 employees, the company is one of Vietnam’s largest logistics providers.

Under the leadership of chairman Nguyen Viet Dung and general director Hoang Trung Thanh, Viettel Post offers a diverse range of services, including postal delivery, freight transport, logistics, car rentals, and SIM card trading. It also engages in market research, advertising, and real estate activities, making it a multifaceted business with strong market influence.

Despite its strong financial performance, Viettel Post faces key challenges in a competitive logistics sector. VBI’s market analysis suggests that declining sales, increasing transportation costs, and regulatory changes could impact future profitability. To maintain growth and market share, Viettel Post should focus on expanding e-commerce logistics, enhancing technology-driven delivery solutions, and optimizing supply chain management.

With a solid operational foundation and strong backing from Viettel Group, Viettel Post remains a dominant force in Vietnam’s postal and logistics industry. However, long-term success will depend on its ability to navigate market challenges, enhance service efficiency, and adapt to evolving consumer demands.