SOLUTIONS TO IMPROVE THE FINANCIAL MANAGEMENT OF VIETNAM POSTS AND TELECOMMUNICATIONS GROUP (VNPT)
Integration and market openness have been inevitable trends of globalization process for all countries in the world including VietNam. In the process of integration and market openness, besides existing advantages, there have been a number of challenges. One of those challenges is that economic subjects must face increasingly fierce competition, especially subjects in developing countries like VietNam. The important thing to gain a firm foothold in a fierce competitive market is finding the solutions to improve its own financial effectiveness. To do so, it is required to tackle a number of issues including the completion of financial management system. With such an approach to issues, the objectives of this study are: (1) To determine the current status of financial management system of VNPT; (2) To identify the problems encountered in carrying out the financial management system of VNPT; (3) To propose actions that will respond to the problems encountered in carrying out the financial management system of VNPT.
Keywords: financial management system, VietNam posts, and telecommunications group, economic groups.
