This report presents a financial analysis of Vietnam Posts and Telecommunications Group (VNPT) from 2017 to 2019, evaluating its performance across various financial ratios. The analysis focuses on liquidity (current and quick ratios), solvency (debt-to-asset and debt-to-equity ratios), profitability (ROE, ROA, and gross profit margin), and efficiency (asset turnover and inventory turnover). The study compares VNPT's performance with FPT, a competitor, revealing trends in each ratio and identifying strengths and weaknesses. VNPT demonstrates improvements in liquidity and solvency, with increasing current and quick ratios, and a decreasing debt-to-equity ratio. Profitability metrics, such as ROE and ROA, also show positive trends. However, efficiency ratios, particularly asset turnover, indicate room for improvement. The report concludes with recommendations for VNPT to maintain its positive momentum, including consistent cost-saving methods, increased sales, and strategic debt management. The analysis is supported by financial statements and a Dupont analysis, providing a comprehensive overview of VNPT's financial health and strategic direction.