Viet Nam Post and Telecommunications Group (VNPT) on July 12 signed a strategic partnership agreement with Viet Nam Construction and Import-Export Corp (Vinaconex), forming the country’s largest cooperation deal.
”This is a very notable partnership as it will synergise the strengths and resources from two of the country’s leading companies,” said Vinaconex’s CEO Nguyen Van Tuan.
The two giants committed to using each other’s products and services.
“Partnering with the country’s biggest contractor will help VNPT expand its coverage with our products and services being used at Vinaconex projects,” said VNPT Deputy General Director Nguyen Ba Thuoc.
As Vinaconex expands globally, VNPT will also have an opportunity to reach new markets, he added.
On the other side, Vinaconex will be awarded VNPT infrastructure development contracts.
Vinaconex predicts 2007 revenue will reach 6.5 trillion VND (406 million USD), up 16.4 percent over last year. Pre-tax profit is expected to increase 49.7 percent to 350 billion VND (22 million USD).
VNPT last year posted a revenue of 38.3 trillion VND (2.4 billion USD), up 14.9 percent compared to 2005 and 3.4 percent higher than the company’s initial forecast.
Source: VNA
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