VinaPhone targets a total revenue of more than 183.84 trillion VND and profit of nearly 5.9 trillion VND for 2017-2020 period (Photo: fibervnnvnpt.com)
 
Hanoi (VNA) - National mobile network operator VinaPhone targets a pre-tax profit of 1.4 trillion (61.6 million USD) in 2018, a year-on-year increase of 6.7 percent.

As a wholly-owned subsidiary of Vietnam Posts and Telecommunications Group (VNPT), VinaPhone was established for the main business of telecommunication products and services, namely information technology and broadcasting services.

Its development plan for 2017-2020 period targets a total revenue of more than 183.84 trillion VND (8 billion USD) and profit of nearly 5.9 trillion VND (260 million USD), equivalent to a growth of 8 percent and 10 percent per year, respectively.

In terms of business results of 2017, VinaPhone recorded over 39.8 trillion VND in sales and services and over 1.3 trillion VND in pre-tax profit. In addition to this, VinaPhone has contributed approximately 1.22 trillion VND to the State budget.

Last year, the corporation hit 34 million telephone subscribers, including 3.1 million fixed-line subscribers and 31.1 million mobile subscribers, besides 4.6 million internet subscribers.

VinaPhone’s total investment last year was 646.5 billion VND.-VNA