VNPT merges two corporations into the parent company

On June 25, the Government issued Resolution No. 186/NQ-CP on merging the Telecommunication Services Corporation and the Communications Corporation into the parent company - Vietnam Posts and Telecommunications Group.

VNPT is accelerating the installation of 5G network nationwide. Photo: VNPT

Accordingly, the Government agrees with the proposal of the Ministry of Finance in Submission No. 245/TTr-BTC dated May 29, 2025 to apply the provisions of Decree No. 23/2022/ND-CP dated April 5, 2022 of the Government on establishment, rearrangement, ownership conversion, transfer of ownership representation rights at enterprises in which the State holds 100% of charter capital, to reorganize subsidiaries of Vietnam Posts and Telecommunications Group (VNPT Group) in the form of merging Telecommunication Services Corporation (VNPT-Vinaphone), Media Corporation (VNPT-Media) into the parent company - VNPT Group.

Specifically, the Board of Members of VNPT Group decided to merge VNPT-Vinaphone and VNPT-Media into the parent company - VNPT after the Prime Minister approved the merger policy at the request of the Ministry of Finance (the representative agency of the owner of VNPT Group).

Within 3 days from the date of issuance of the Resolution, based on the documents submitted by VNPT Group and received from the former State Capital Management Committee at Enterprises, the Ministry of Finance shall complete the Submission to the Prime Minister for approval of the merger policy; be responsible for the documents and submissions submitted to the Prime Minister; supervise the implementation of the merger to ensure the effective use of state capital invested in the enterprise.

The Board of Members of VNPT Group decided to merge VNPT-Vinaphone, VNPT-Media into the parent company - VNPT, ensuring compliance with the documents and project submitted to the Ministry of Finance, ensuring a streamlined, effective and efficient apparatus, continuous business operations throughout the merger process, improving capital efficiency; taking responsibility for the proposal and effectiveness of the arrangement and merger.

Carry out business merger procedures in accordance with the provisions of the law on enterprises, the law on management and use of state capital invested in production and business at enterprises and related laws.

Source: https://hanoimoi.vn/vnpt-sap-nhap-2-tong-cong-ty-vao-cong-ty-me-706800.html