VNPT wants to sell finance subsidiary for VND500bViet Nam Posts and Telecommunications Group (VNPT) wants to sell all the assets of its finance subsidiary Post and Telecommunication Finance Company Limited (PTF) for at least VNĐ500 billion (US$21.9 million). Founded in 1998, PTF is Viet Nam’s first finance company, wholly owned by VNPT, with charter capital of VNĐ500 billion. The company reported profits of VNĐ19 billion in 2014, VNĐ21 trillion in 2015 and VNĐ19 trillion in 2016. It report revealed that the group earned revenue of VNĐ144.7 trillion in 20017, rising by 7 per cent over the previous year. VNPT paid an estimated sum of more than VNĐ4 trillion to the State budget in 2017, up by 9.3 per cent.

Source: VietNamNet News December 25, 2017 09:22 UTC