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VIETTEL POST JOINT STOCK CORPORATION

VIETTEL POST JOINT STOCK CORPORATION


Project Description

OVERVIEW

Viettel Post Joint Stock Corporation (VTP) was established in 1997. The Corporation has its business in (i) Trading in express delivery services of mailers, postal parcels, goods, cards, (ii) Being agent of press release services, (iii) Trading in commercial, telecommunication service, and (iv) Providing logistics services (handling, storage, transport). VTP has been put into operation under the model of a joint stock company since 2012. The Corporation owns a nationwide network of 1,300 post offices in 63 provinces and cities. Since late 2018, the Corporation launched post services in 1.000 direct shops and over 6,000 transacting spots. VTP has been traded on the UPCOM market since November 2018.

MAIN BUSINESS

  • Trading in express delivery services of mailers, postal parcels, goods, cards
  • Being agent of press release services
  • Trading in commercial, telecommunication services
  • Providing logistics services (handling, storage, transport)

MARKET POSITION

  • VTP owns a nationwide network of 1,300 post offices in 63 provinces and cities. Since late 2018, the Corporation launched post services in 1.000 direct shops and over 6,000 transacting spots. There are a CARG of 67.59% in the number of shops in the period 2013-2018.
  • VTP is a post and delivery enterprise that takes the second marketshare in Vietnam with the fastest growth rate in the industry.
  • VTP has provided domestic post and delivery services in Cambodia and Myanmar. Besides, the Corporation also provides the services on specialized routes e.g. Vietnam – Korea, Vietnam – Japan.
  • VTP is the service provider of large-scale domestic and foreign enterprises e.g. Vietnam Bank For Agriculture and Rural Development (Agribank), Sendo Joint Stock Company (Sendo), SamSung Group (SamSung), Nissan Vietnam Limited Company (Nissan)….

GROWTH STRATEGY

  • Promoting investment and development of post, logistics infrastructure, management system and transport means;
  • Improving quality of services and customer care;
  • Developing network of B2B and B2C clients by developing proper and high-quality services;
  • Developing post services in combination with telecommunication and other services;

PROSPECTIVE

  • Demand for postal services is still high.

RISK

  • The company may face competition with domestic and foreign companies such as FedEx, TNT, DHL and UPS.
  • The development of telecommunication and Internet will reduce the market share of postal services.