Vietnam Multimedia Corporation

Vietnam Multimedia Corporation
Native name
Tổng công ty Truyền thông đa phương tiện VTC
TypeState-owned company Limited liability company
IndustryTelecommunications Multimedia
FoundedFebruary 12, 1988; 38 years ago (1988-02-12)
Headquarters,
OwnerMinistry of Information and Communications

Vietnam Multimedia Corporation VTC (Vietnamese: Tổng công ty Truyền thông đa phương tiện VTC) is a state-owned enterprise in Vietnam focused on multimedia services. Its offerings include cloud storage, finance, telecommunications, and online games. One of its notable ventures was the VTC Digital Television which they ran from 2004 until 2013 when it was taken over by the Voice of Vietnam and repurposed as VOV's television network, until January 15, 2025 when the network was shut down. The company maintains the "VTC" branding.

History

VTC originated from the Radio and Television Equipment Repair and Warranty Service Enterprise, established on February 12, 1988, under Decision No. 33/QĐ-BTT issued by the Ministry of Information. Later, on March 25, 1993, this enterprise was converted into the Information Technology Investment and Development Company (Intedico) under Decision No. 288/QĐ by the Ministry of Culture and Information.

In December 1996, the Vietnam Television Technology Investment and Development Company (VTC) was established through the merger of two companies, Ratimex and Telexim, into Intedico, under the Vietnam Television (VTV). On June 26, 2003, VTC was transferred from Vietnam Television to the Ministry of Post and Telecommunications (now the Ministry of Information and Communications).

Later, on July 29, 2005, the Vietnam Television Technology Investment and Development Company was converted into the Multimedia Corporation - VTC.

On June 28, 2010, VTC was converted into a one-member limited liability company (LLC) wholly owned by the state under Decision No. 929/QĐ-BTTTT of the Ministry of Information and Communications.

Between 2012 and 2015, VTC implemented a restructuring plan to optimize its organization and focus on key business areas, in accordance with Decision No. 28/QD-BTTTT dated January 11, 2013.

In 2025, the VTC Corporation Party Committee will be transferred to the direct control of the Party Committee of the Ministry of Culture, Sports and Tourism. On December 5, 2025, the Corporation will be officially transferred to the direct control of this ministry.

Subsidiary companies of Communication Corporation

Subsidiary companies include:

Online games

VTC Studio online games

Other productions

VTC produces News as newspapers, news programs, TV Journal and online TV; Mobile service loadable images and ringtones; EBank, an online payment portal; Mobile TV and Interactive television.

See also

References

  1. ↑ "Vietnam shuts TV channels in govt cost-cutting plan". Radio Free Asia. January 15, 2025. Retrieved January 15, 2025.
  2. ↑ "Vietnam axes second most popular TV broadcaster after 20 years". South China Morning Post. January 15, 2025. Retrieved January 15, 2025.