According to this MoU, Microsoft will help the VNPT develop and deliver cloud computing-based services and ensure cyber security. It also assists VNPT in “smart city” project through Microsoft CityNext initiative to bring innovation to cities and provinces across Vietnam, including smart health services, smart transportation, smart tourism and smart e-government.
The two companies will together develop annual plans for cooperation and establish a working group to implement the agreed plans
VNPT’s main business sectors involve trading in telecommunications and information technology products and services and multimedia, and consulting, designing, installing, operating, and repairing IT facilities. In 2015, the revenue of VNPT was estimated at VND89.1 trillion ($4 billion), an increase of 7.5 per cent year-on-year. According to a report on the 2011-2015 period, VNPT recorded profit of more than VND37 trillion ($1.66 billion), equal to 101 per cent of its plan, with growth averaging 1.6 per cent each year.
VNPT targets revenue of VND19.5 trillion ($877.5 million) in the 2016-2020 period, which would give it a market share of 33 per cent and rank it second in the Vietnam’s mobile network market.
