VNPT MEDIA CORPORATION: A Key Driver of Vietnam's Digital Transformation and Media Innovation

VNPT MEDIA CORPORATION (TỔNG CÔNG TY TRUYỀN THÔNG), a wholly owned subsidiary of Vietnam Posts and Telecommunications Group (VNPT), plays a pivotal role in the development of Vietnam’s telecommunications, digital content, and multimedia infrastructure. Registered under business ID 0106873188 and operating from its headquarters at VNPT Building, No. 57 Huynh Thuc Khang Street, Dong Da District, Hanoi, the company has carved out a central position in Vietnam’s rapidly evolving digital economy.

Legal Status and Corporate Structure

VNPT MEDIA CORPORATION is structured as a one-member limited liability company, established on June 12, 2015. Its ownership lies entirely with the state-owned parent group, Vietnam Posts and Telecommunications Group (VNPT), making it part of Vietnam’s strategic communications infrastructure. As of December 2023, the corporation reported a charter capital of USD 94.49 million, with USD 68.04 million paid-up. The company is privately held but operates under the guidance of state oversight.

Executive Leadership

VNPT MEDIA CORPORATION is chaired by Mr. HUYNH QUANG LIEM, with operational leadership carried out by General Directors Mr. DUONG THANH LONG and Mr. VU TRUONG GIANG. Together, they oversee nearly 800 employees across various branches, mainly in Hanoi. The management team has been instrumental in expanding the company’s portfolio into television, multimedia, and value-added services, building synergies with Vietnam’s broader digital infrastructure goals.

Operational Scope

The core business of VNPT MEDIA CORPORATION revolves around wireless telecommunications, media broadcasting, and ICT solutions. Its services include television, multimedia communication, mobile value-added services, and IT infrastructure solutions. The company is also involved in wholesale of telecommunications equipment, internet-based retailing, digital entertainment, consultancy, education, and various support services.

This wide-ranging operational mandate positions VNPT MEDIA CORPORATION as a hybrid between a digital media content provider and a tech infrastructure developer. It also engages in creative, educational, and trade-related activities, enabling it to offer end-to-end multimedia and information service solutions nationwide.

Financial Performance

In 2023, VNPT MEDIA CORPORATION maintained a stable growth trajectory. Total assets grew to USD 139.15 million, up 8.36% year-over-year. Sales reached USD 215.47 million, marking a modest but consistent 2.92% increase from 2022. Although profits dipped slightly by 6.23% to USD 18.52 million, the company’s net worth climbed to USD 75.08 million, supported by an equity base of USD 79.5 million and strong working capital of USD 61.73 million.

The firm’s overall financial health remains solid, with three consecutive years of profitability and expanding asset and equity bases. This positions VNPT MEDIA CORPORATION well for future investments in digital innovation and service expansion.

Strategic Evaluation

VNPT MEDIA CORPORATION is a strategic asset within Vietnam’s national digital transformation. Backed by state ownership and benefiting from its integration with VNPT Group, the company is well-placed to lead projects in smart communications, e-government, and digital content services. Its broad array of registered business activities also gives it flexibility to adapt to new market demands and policy shifts.

As the demand for media convergence and digital services continues to grow, VNPT MEDIA CORPORATION is expected to expand its influence in both public-sector digital infrastructure and private-sector content delivery.

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