The state-owned Viet Nam Post and Telecommunications (VNPT) Group has named the FPT Securities JSC (FPTS) as a consultant on capital restructuring some of its invested companies.

The VNPT currently contributes capital to 85 enterprises, helping the group earn total revenues of VND7.3 trillion ($347.6 million) last year, an increase of 13.5 per cent compared to 2009.

As part of its current strategy, the Government plans to retract some of its investments over time.

(Source: Vietnamnet)