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| Viettel Post general director Trần Trung Hưng hits the gong at the Unlisted Public Company Market to mark the listing of his company’s share. – VNS Photo |
Viet Nam News
HCM City -- Viettel Post’s shares were traded for the first time on the Unlisted Public Company Market (UPCoM) on Friday.
By close, the price of the stock had risen to VNĐ95,000 ($4.15) with buyers waiting to buy another one million shares.
The company had sold nearly 41.4 million shares at VNĐ68,000 (US$3).
Last year, the company’s turnover rose by 37.6 per cent to over VNĐ4 trillion ($174 million). Its profit before tax was VNĐ213.5 billion ($9.3 million).
In the first half of this year, they were respectively VNĐ1.9 trillion ($82.6 million) and VNĐ147 billion ($6.4 million).
“Viettel Post’s success is thanks to combining electronic commerce with traditional postal services,” Trần Trung Hưng, general director of the company, said.
It has 1,300 post offices around the nation and 17,000 staff.
It also offers international and domestic express delivery services, logistics and other related services.
Since July this year it has been managing 1,000 telecom shops and 6,000 delivery spots.
It is the only company to offer express delivery services to Cambodia and Myanmar.
“Viettel Post plans to dramatically change its operations, especially from express delivery to logistics,” Hưng said.
“The strategic goals of Viettel Post are to become the first logistics company in Việt Nam with a turnover of $500 million and achieve 30 - 35 per cent market share by 2020.” – VNS
