VNPT's Post, telco arms to branch out as two enterprises
Vietnam Post and Telecommunication Corp (VNPT) is rolling with the punches as it gears up for competitive pressure and a bold restructure.
The State-owned giant will operate as two entirely separate corporations by 2003.
The historic split will kick off at the district-level post network.
Trials began in 11 cities and provinces last year, and will be completed in the rest of the country by mid-August this year.
The corporation has finished 40 per cent of its full-year plan, contributing more than VND1.4 trillion (US$90 million) to the State budget, an increase of 6 per cent compared to the first half of last year.
