The delivery industry is seeing increasingly fierce competition Continuously growing scale Last week, Viettel Post JSC officially held its first trading session on the Unlisted Public Company Market (UPCoM) with the stock code VTP and the opening price of VND68,000 ($3). The company has sold nearly 41.4 million shares, reaching the capitalisation of VND2.8 trillion ($122 million). Viettel Post is the second largest contender in the Vietnamese postal industry, after Vietnam Post (VN Post). In 2017 alone, Viettel Post’s total revenue hit more than VND4 trillion ($147 million), up 37,64 per cent on-year. Viettel Post targets to reach VND10.5 trillion ($456.5 million) in revenue by 2020. Tran Trung Hung, Viettel Post general director, said that after hitting the stock market, the company will start revolutionising every operation, not only domestically but also in foreign markets. Accordingly, it will change from being employed by foreign companies to directly investing in foreign … [Read more...] about Delivery battle growing fiercer by the day