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NEWS UPDATES Asean Affairs    11 April  2016  

VNPT announces plans to divest from 50 companies

The Viet Nam Post and Telecommunications Group (VNPT) will divest from 50 companies as a necessary step in its restructuring plan.

According to Decision 25/2016/NĐ-CP issued on April 6 on the group’s operation, the companies that VNPT draws capital from firms, funds and commercial banks including VNPT Land, Saigon Securities Investment fund A2 (SFA2), Viet Nam Maritime Commercial Bank (MSB) and Post and Telecommunication Finance Company Ltd (PTF).

After the restructure, VNPT will have charter capital of VNĐ72.2 trillion (US$3.23 billion). The group will include 71 affiliated units, two wholly owned affiliates in VNPT Media and Vinaphone and five other subsidiaries, as well as and three hospitals as services units in Hà Nội, HCM City and Hải Phòng

VNPT’s board will have seven members that will be responsible for all activities of the group.

In 2014, VNPT transferred its ownerships in Vietnam Mobile Telecom Services Company (VMS) and Post and Telecommunication Institute of Technology (PTIT) to the Ministry of Information and Communication (MIC).

In 2015, VNPT earned VND89.12 trillion of revenue, 7.5 per cent higher than 2014.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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