Vietnam Multimedia Corporation or Vietnam Television Corporation (VTC) posted impressive results in the first half of the year.
The company's turnover reached 1.85 trillion VND (85.6 million USD), representing a 37 percent year-on-year rise.
Figures released during a conference held in Hanoi on July 16 to unveil the tasks before VTC in the second half of the year showed that its profit of 81.6 billion VND during the six-month period amounted to 80 percent of its target for the entire year.
VTC's subsidiary, VTC Intecom, contributed the highest turnover of 1.23 trillion VND in the overall result, posting a 49 percent year-on-year increase. The company's profit reached 100 billion VND, which is much higher than 27 billion VND profit it made during the same period last year.
VTC Digital reported a turnover of 226 billion VND and a profit of 33 billion VND, while VTC Media posted a turnover of 45 billion VND and a profit of 2.8 billion VND.
The corporation contributed 222 billion VND (10 million USD) to the State budget, posting a 54 percent year-on-year increase and meeting 75 percent of the year's target. It paid an average monthly salary of 14.4 million VND per worker.
Dam My Nghiep, VTC's General Director, said the company's restructuring, to reduce the number of its units from 49 to eight, had contributed to the results.
Deputy Minister of Information and Communications Nguyen Thanh Hung hailed the results, which nearly reached the company's targets for the entire year, saying that this year could be the most successful of the last three years for the firm. Hung asked the corporation to focus on completing its planned tasks during the second half of the year, especially with regard to the VTC Television division. The company was also urged to link the second phase of its restructuring to the next five-year development plan. The corporation should pay attention to domestic and international regulations, especially the Trans-Pacific Partnership agreement, to develop strategic development plans, Hung said.-VNA
The company's turnover reached 1.85 trillion VND (85.6 million USD), representing a 37 percent year-on-year rise.
Figures released during a conference held in Hanoi on July 16 to unveil the tasks before VTC in the second half of the year showed that its profit of 81.6 billion VND during the six-month period amounted to 80 percent of its target for the entire year.
VTC's subsidiary, VTC Intecom, contributed the highest turnover of 1.23 trillion VND in the overall result, posting a 49 percent year-on-year increase. The company's profit reached 100 billion VND, which is much higher than 27 billion VND profit it made during the same period last year.
VTC Digital reported a turnover of 226 billion VND and a profit of 33 billion VND, while VTC Media posted a turnover of 45 billion VND and a profit of 2.8 billion VND.
The corporation contributed 222 billion VND (10 million USD) to the State budget, posting a 54 percent year-on-year increase and meeting 75 percent of the year's target. It paid an average monthly salary of 14.4 million VND per worker.
Dam My Nghiep, VTC's General Director, said the company's restructuring, to reduce the number of its units from 49 to eight, had contributed to the results.
Deputy Minister of Information and Communications Nguyen Thanh Hung hailed the results, which nearly reached the company's targets for the entire year, saying that this year could be the most successful of the last three years for the firm. Hung asked the corporation to focus on completing its planned tasks during the second half of the year, especially with regard to the VTC Television division. The company was also urged to link the second phase of its restructuring to the next five-year development plan. The corporation should pay attention to domestic and international regulations, especially the Trans-Pacific Partnership agreement, to develop strategic development plans, Hung said.-VNA
