VNPT to pick leading world consultants for privatization plan
VNPT, which is one of the largest mobile carriers in the country, is preparing tender documents for privatization consulting to submit to the Commission for the Management of State Capital at Enterprises.
Due to the group’s large scale as well as its complex operation fields, Vietnam Posts and Telecommunications Group (VNPT)’s bidders for the privatization consulting will be one of the five biggest consulting firms such as KPMG, Deloitte, EY and some others, a VNPT representative was quoted by VnEconomy as saying.
VNPT is preparing tender documents to invite international audits to consult its privatization.
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According to VNPT, international consultants are also skillful in working out privatization plans, finding strategic investors, setting price as well as appropriate time to sell and help VNPT find interested investors.
On the other hand, international consultants may join Vietnamese consulting firms which have experience in operating in domestic market in fields such as land valuation and asset inventorying.
VNPT, which is one of the largest mobile carriers in the country, is preparing tender documents for privatization consulting to submit to the Commission for the Management of State Capital at Enterprises.
According to VnEconomy, after being approved by the commission, VNPT will make public the bidding documents.
According to VNPT’s reports which were published at the end of March 2019, the group sets the targets to earn VND56.8 trillion (US$2.4 billion) in consolidated revenue, VND7.1 trillion (US$303 million) in profit before tax . It also aims to invest VND12.2 trillion (US$521 million).
In 2018, VNPT grossed revenue of VND154.2 trillion (US$6.6 billion), its consolidated revenue was VND55.7 trillion (US$2.4 billion), profit before consolidated tax was VND6.4 trillion (US$273.5 million), exceeding 9.4% of the plan and up 25% compared to 2017. The year of 2018 also marked five years in a row that VNPT gained profit growth of over 20%.
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