The Government approves the operation charter of VNPT Group

Prime Minister Nguyen Tan Dung has approved the organization and operation charter of Vietnam Post and Telecommunications Group VNPT.

Accordingly, the Government stipulates that Vietnam Post and Telecommunications Group will develop into an economic group with modern technology and management and high specialization; multidisciplinary business.

In which telecommunications and information technology are the main business lines; act as a core for Vietnam's post and telecommunications industry to develop quickly, sustainably, competitively and effectively in international economic integration.

VNPT directly carries out investment, production and business activities or invests in other businesses in major business lines including: backbone telecommunications services; telecommunications - information technology services; communication services; survey, consultancy, design of telecommunications and information technology works; financial, credit and banking services; advertising services; real estate business .

VNPT's characteristic is the transfer of administrative links, from the current mechanism of funding between the corporation and its member companies to link in the model of parent company - subsidiary, ie capital investment. , capital development and preservation. The mechanism of association between members of the corporation is completely different from the mechanism in the corporation. With the group model, the parent company will allocate capital to the subsidiary, the subsidiary will have to promote and preserve that capital.

In this group model, the Government also allowed some non-business units but independent accounting under the management mechanism of Decree 10 to be non-productive units with revenues. The parent company is formed from the network management and business sections, having the function of investment and capital trading.

Regarding telecommunications, now, due to the strong development of telecommunications and the network is not dependent on administrative boundaries, the Prime Minister has allowed the establishment of three telecommunications corporations in three regions across the country. , including Telecommunications Corporation I, II, and III.

The management and administration structure of the Group includes the Board of Directors (no more than 9 members), the Control Board (5 members), the General Director, the Deputy General Directors, the chief accountant and the ministry. maid machine.

Vietnam Post and Telecommunications Group has 4 subordinate units; 5 subsidiaries are 100% chartered capital of VNPT; 12 subsidiaries owned by VNPT with over 50% charter capital; 14 associates and 7 other affiliated medical and training units.

Hoang Hung