Vietnam Posts and Telecommunications Group, operating as its initialism VNPT, is a telecommunications company, owned by the Ministry of Finance, and was once the national post office of Vietnam. According to a list of UNDP in 2007, it is the second-largest company in Vietnam. It owns VinaPhone, one of the three largest mobile network operators in Vietnam. VNPT was established on April 30, 1995. On March 26, 2006, it was formally restructured and operated under a new model. According to the decision of the Prime Minister, VNPT converted from the Corporation model to the Group model. On June 24, 2010, VNPT changed its operating mode. According to Decision No. 955/QD-TTg of the Prime Minister of Vietnam, VNPT converted to a single-member limited liability company model owned by the State. In 2010, VNPT was awarded the title of Hero of Labor by the Vietnamese government for its many achievements from 1999 to 2008. VNPT is granted the right by the Vietnamese Government to operate and exploit the two satellites VINASAT-1 and VINASAT-2.