VTP

Viettel Post (VTP) successfully raised VND 502.5 billion through a rights offering of 50.2 million shares at VND 10,000 each, increasing charter capital to over VND 1,720.3 billion. The capital raise supports expansion plans, though Q1 2026 net profit fell 43.7% year-on-year to VND 39 billion, achieving only 9.8% of the full-year target.

On May 19, proprietary trading desks of securities companies net sold VND 190 billion on HOSE, with MBB (-VND 95B), VIB (-VND 50B), and VCB (-VND 47B) leading the sell-off. In contrast, they net bought VIC (VND 123B) and VHM (VND 71B). Foreign investors also net sold VND 830 billion across the market, adding to the negative sentiment.

Proprietary trading desks at Vietnamese securities firms unexpectedly net sold VND 1,183 billion on HOSE on April 22, a session when the VN-Index rose 1.3%. The largest net selling was in FUEVFVND (-VND 285B), VSC (-VND 233B), MWG (-VND 166B), STB (-VND 126B), and VIC (-VND 88B), while foreign investors also net sold VND 108 billion across the market. This sudden reversal by proprietary desks signals caution among domestic institutional traders despite the market rally.

Viettel Post (VTP) reported record after-tax profit of 404.89 billion VND (+5.7% YoY) and revenue of 20,684 billion VND (+33.4%) for 2025, processing 360 million orders. The company will pay a stock dividend of 24.53% of charter capital, retaining cash for investment in its full-service logistics ecosystem.

Viettel Post (VTP) is implementing mandatory subscriber identity verification for mobile numbers as per Circular 08/2026, effective April 15, 2026, with non-compliant subscribers facing service termination. This regulatory compliance aims to standardize data and eliminate junk SIMs, potentially affecting subscriber base dynamics and operational costs for the telecom-linked logistics firm.