On 25 June 2025, the Vietnamese Government issued Resolution No.186/NQ‑CP, approving VNPT Group to merge its wholly-owned subsidiaries Vinaphone and VNPT‑Media into the parent company. This state-owned enterprise restructuring targets streamlined structure and higher operational efficiency and may trigger potential changes to the interconnection model for A2P SMS services.
The merger is carried out under Decree 23/2022/NĐ‑CP on state-owned enterprise restructuring, based on the proposal submitted by the Ministry of Finance in May. The entities to be merged are Vinaphone, mainly engaged in mobile communications, and VNPT‑Media, operating digital multimedia content business. As the state capital representative agency, the Ministry of Finance submitted the merger plan to the Prime Minister for approval and oversees the whole process. The VNPT Board of Directors is responsible for implementation. The resolution requires the Ministry of Finance to complete the submission and approval of relevant reports within three working days.
The restructuring will consolidate Vinaphone’s telecom network resources and VNPT‑Media’s digital content capabilities under the parent company, to cut management layers, optimise capital allocation and accelerate the group’s digital transformation in 5G, cloud computing and other businesses.
For A2P industry practitioners, Vinaphone is Vietnam’s second-largest mobile operator with approximately 21% market share. After the merger, business access to the VNPT group will become centralised. Vinaphone’s existing A2P channels and Sender‑ID brand registration rules may gradually align with the parent group’s standards. Enterprises running A2P services in Vietnam need to continuously track updates to VNPT’s gateway and compliance policies to adapt their service integration procedures.
