Approval of Development strategy and five-year plan of Vietnam Posts and Telecommunications Group (VNPT)

Approval of Development strategy and five-year plan of Vietnam Posts and Telecommunications Group (VNPT) (Image from the internet)

Approval of Development strategy and five-year plan of Vietnam Posts and Telecommunications Group (VNPT)

Approval of Development Strategy extending to 2030, with a vision to 2035 (Development Strategy); Business production plan and development investment plan to 2025 (5-Year Plan) of the Vietnam Posts and Telecommunications Group (VNPT), including the following contents:

(1) Development Perspective

- VNPT is an enterprise with an important role in the application and mastery of high technology, significant investments, and creating motivation for the development of other sectors and the economy; operating under market mechanisms, evaluating primarily on economic efficiency, self-reliance, self-accountability, and equal competition with enterprises from other economic sectors as regulated by law; ensuring transparency and accountability, taking advantage of every opportunity to proactively transform into a digital technology enterprise.

- Gradually build VNPT to become the leading enterprise in developing digital infrastructure, telecommunications - information technology infrastructure, and data infrastructure toward synchronous and balanced development; focusing on efficiency, modernity, security, safety, and reliability; gradually mastering core technologies and expanding into global markets.

- Harmoniously connect the execution of the political and social tasks assigned by the Government of Vietnam with VNPT's role, capacity, and operational domain.

- Develop business production tied to human development goals, building a professional workforce with high expertise and skills, a sense of responsibility, and work discipline; ensuring the livelihood and rights of workers, encouraging and facilitating the development of knowledge, skills, and the proposal of creative ideas.

(2) Strategic Development Objectives to 2030 and Vision to 2035

* General Objectives:

- Continue to build and develop VNPT into a strong, dynamic, efficient, and modern state-owned economic group capable of competing domestically and internationally, performing public service tasks well, and contributing to the promotion of economic - social, national defense, and security.

- Become a technology group focusing on digital infrastructure, digital technology, and digital services, owning and exploiting key platforms and infrastructure of the national digital landscape, pioneering in the innovation and mastery of digital technologies and providing a digital ecosystem in all economic and social fields, leveraging the strength of digital platforms, core technologies, and cybersecurity.

- Develop platforms providing core digital technologies (IoT, artificial intelligence, big data, blockchain, cybersecurity...) as essential services, playing a significant role as a crucial soft infrastructure providing products and services.

- Research and apply new technologies in deploying broadband Internet access networks. Invest in and apply open network technologies, Native Cloud/Edge Cloud, Network Automation/Network Autonomous, wireless network access technologies...

- Develop 5G telecommunications infrastructure by leveraging the 4G mobile telecommunications network, enhancing the sharing of telecommunications infrastructure with other telecommunications enterprises. Pioneer in researching 6G technology to enable Vietnam to be among the first countries to deploy 6G technology worldwide.

- Provide solutions, digital product services based on intelligent cloud platforms, integrated applications, and modern technologies such as AI, Big Data, Blockchain, AR/VR/MR/XR...

* Specific Objectives:

- Achieve efficient and profitable annual operational results; preserve and develop state-owned capital invested in VNPT and VNPT's capital invested in other enterprises.

- Ensure the debt-to-equity ratio does not exceed 3 times.

- Maintain a short-term solvency ratio greater than 1.

- By 2025: VNPT will develop into a national leading economic group; successfully transform from a traditional telecommunications enterprise to a technology enterprise, mastering vital platforms that guide national digital transformation.

- By 2030: VNPT will become an intelligent digital technology enterprise, dynamic, efficient, playing a critical role in Vietnam's national digital map while successfully penetrating regional and international markets.

- By 2035: VNPT will be the platform for all customers, owning an ecosystem of all products and services; be a provider of high-quality, intelligent, reliable transmission network infrastructure in harmony with the leading digital platforms of Vietnam and the region.

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