On August 26, the Board of Directors of VTP passed a resolution to relieve Mr. Nguyen Thanh Nam from his position as Chairman for the 2024-2029 term. The Board also announced the appointment of Mr. Nguyen Viet Dung as the new Chairman of VTP, effective immediately.
Mr. Nguyen Viet Dung has been appointed as the new Chairman of the VTP Board of Directors, effective August 26, 2024.
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Mr. Nguyen Viet Dung’s appointment comes after Mr. Nguyen Thanh Nam stepped down as Chairman and resigned from his position as a member of the VTP Board of Directors for personal reasons.
The new Chairman of VTP, Mr. Nguyen Viet Dung, previously worked at the Planning and Finance Department of the Ministry of Post and Telecommunications, now known as the Ministry of Information and Communications.
Mr. Dung holds a Master’s degree in Business Administration. He joined Viettel Group in its early days and has held various positions, including Deputy General Director, General Director of Viettel Telecom Corporation, and Deputy General Director of Viettel Global Joint Stock Company.
Since 2018, Mr. Dung has served as the Head of Strategy at Viettel Group. He also became a member of the Board of Directors of Viettel Post in April 2019.
According to Viettel Post’s semi-annual management report, Mr. Dung and his related family members do not own any shares in the company.
Following the appointment, the VTP Board of Directors now comprises Chairman Nguyen Viet Dung, Vice Chairman and General Director Hoang Trung Thanh, and members Dinh Thanh Son and Phung Viet Thang.
| VTP’s Financial Results for the First Half of 2024 |
In terms of financial performance, Viettel Post recorded a slight decline in revenue for the first half of 2024, reaching VND 9,619 billion, a 1% decrease compared to the same period last year. However, the slower reduction in cost of goods sold resulted in a 4% decrease in gross profit to VND 397 billion.
Additionally, a 17% drop in financial operating income led to a 13% decline in net profit, amounting to VND 152 billion.
For the full year 2024, VTP has set targets to achieve VND 13,190 billion in revenue and VND 370 billion in after-tax profit, representing decreases of 33% and 3%, respectively, compared to the results of 2023. The company has accomplished 73% of its revenue target and 41% of its profit goal in the first six months.
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