VIETTEL POST JOINT STOCK CORPORATION

The precursor of VTP was a press distribution center, established in 1997. After nearly ten years of foundation and development, in 2006, it was set up as a member of VIETTEL GROUP - one of the largest mobile network operators in the post and telecommunication field in Vietnam. On November 23, 2018, VTP shares started listing on Upcom but after that they have been moved to list on HOSE since March 12, 2024.

The subject specializes in providing courier service and logistic services and trading phone SIM, card. According to media source, in 2024, the subject targets revenue to decrease by 33% compared to 2023, to VND 13,189 billion, and the profit plan also decreases slightly, to VND 370 billion.

Viettel Post said that revenue decreased due to the direction of narrowing the sales of SIM and phone cards. This is a segment with narrow profit margins, so the decrease in revenue does not have much impact on profits. Instead, the company will focus more on delivery and logistics. Currently, it is the third-largest postal service provider in Vietnam, holding an 18.6% market share, following VNPost and GHTK. Additionally, it boasts the second-largest network, trailing only VNPost.

Viettel Post is actively seeking partnerships with e-commerce platforms, aiming to secure a 20% market share in deliveries by 2024 and ultimately become the market leader. The company is also increasing its investments in infrastructure and logistics networks within Vietnam and across ASEAN countries, including Laos, Cambodia, and Myanmar. In the future, Viettel Post plans to establish additional delivery companies in Laos and open representative offices in Thailand, China, and other countries.

Also according to media sources, aside from normal delivery services, Viettel Post is positioning itself to become a logistics enterprise with a high-technology platform. At the sorting center, the automatic sorting conveyor system has a capacity of 42,000 parcels/hour and can divide goods weighing up to 50kg.

Recently, Viettel Post opened Vietnam's first smart sorting technology complex in Quang Minh (Me Linh, Hanoi), which was introduced as having the highest level of automation in Vietnam. Here, 200 self-propelled goods sorting robots (AGV robots), a large goods sorting system (Wheel Sorter Matrix) and a conveyor sorting system (Cross-belt Sorter) are used. Viettel Post is the first logistics company in Vietnam to deploy AGV robot technology, thereby increasing the level of automation in Viettel Post's goods sorting and picking process to 99%.