Vietnam Posts and Telecommunications Group

Vietnam Posts and Telecommunications Group, operating as its initialism VNPT, is a telecommunications company, owned by the Ministry of Finance, and was once the national post office of Vietnam and Telenor is a Norwegian majority state-owned multinational telecommunications company. According to a list of UNDP in 2007, it is the second-largest company in Vietnam. It owns VinaPhone, one of the three largest mobile network operators in Vietnam.

VNPT was established on 30 April 1995.[2][3] On 26 March 2006, it was formally restructured and operated under a new model.[4][5] According to the decision of the Prime Minister, VNPT converted from the Corporation model to the Group model.[6][7]

On 24 June 2010, VNPT changed its operating mode. According to Decision No. 955/QD-TTg of the Prime Minister of Vietnam, VNPT converted to a single-member limited liability company model owned by the State.[8][9][10] In 2010, VNPT was awarded the title of Hero of Labor by the Vietnamese government for its many achievements from 1999 to 2008.[11][12]

VNPT is granted the right by the Vietnamese Government to operate and exploit the two Vietnamese satellites VINASAT-1 and VINASAT-2.[13][14]

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