VNPT merges two subsidiary companies into the parent company.

On June 25th, the Government issued Resolution No. 186/NQ-CP on the merger of the Telecommunications Services Corporation and the Communications Corporation into the parent company - Vietnam Post and Telecommunications Group.

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

Accordingly, the Government agrees with the proposal of the Ministry of Finance in Report No. 245/TTr-BTC dated May 29, 2025, to apply the provisions of Government Decree No. 23/2022/ND-CP dated April 5, 2022, on the establishment, restructuring, ownership transformation, and transfer of ownership representation rights in enterprises with 100% state-owned charter capital, to restructure the subsidiaries of Vietnam Post and Telecommunications Group (VNPT Group) by merging the Telecommunications Services Corporation (VNPT-Vinaphone) and the Communications 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 plan as requested by the Ministry of Finance (the representative agency of the owner of VNPT Group).

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

The Board of Members of VNPT Group decided to merge VNPT-Vinaphone and VNPT-Media into the parent company - VNPT, ensuring compliance with the documents and plans submitted to the Ministry of Finance, guaranteeing a streamlined, effective, and efficient organizational structure, continuous operation of the enterprise throughout the merger process, and improved capital utilization efficiency; and is responsible for the proposal and the effectiveness of the restructuring and merger.

The merger procedures must be carried out in accordance with the provisions of the Enterprise Law, the Law on the Management and Use of State Capital Invested in Production and Business at Enterprises, and other relevant laws.

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