Customers at a Viettel customer services centre. (Source :tin247)
Hanoi (VNA) 𒈔- The Prime Minister has approved a𝓰 plan to raise military-run Telecommunications Group's (Viettel's) charter capital.
Accordingly, the company's charter capital will triple to 300 trillion VND (13.3 billion USD) for the 2015-20 period.
Viettel is the country's leading telecommunications group with revenues of 193.1 trillion VND (8.6 billion USD) last year, a three-time increase compared to 2009.
Last year, the company posted a pre-tax profit of 42 trillion VND (2 billion VND), a four-time increase compared to 2009.
Viettel has 57.4 million subscribers, of which 55.5 million are mobile subscribers and 1.9 million are landline users. The figures for subscribers in the foreign market are 17.5 million for mobiles and 815,000 with landlines.
With respect to infrastructure, Viettel has more than 63,600 Base Transceiver Stations (BTSs) throughout the country, and 19,100 stations abroad.
By 2020 the telecom group hopes to report a record revenue of 500 trillion VND (22.2 billion USD).
Research and development, along with equipment manufacturing, are considered the three key pillars of Viettel's development strategy, apart from domestic and overseas telecommunications.
Notably, Viettel has mastered technology for its equipment and military weapon production, laying a solid foundation for the development of a defence industrial complex and firmly protecting the nation's sovereignty in all fields.
The coverage and quality of its 3G network meet all criteria set by the supervisory agencies, providing telecommunication, television and information teꦑchnology services to clients, having successfully transformed itself from an operator to a content and application provider.-VNA
Viettel has become the biggest telecom company in Vietnam 15 years after it was established and has been one of the country's few successful investors abroad.
Bitel telecommunication service provider, the Peru branch of Vietnam’s military-run telecom group Viettel, will invest an additional 250 million USD to increase its subscribers to 2.5 million people.
Telemor, Viettel’s subsidiary in Timor Leste, has expanded quickly after its entry in 2013 and now has 470,000 users among the country’s population of 1.2 million.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Customers at a Viettel customer services centre. (Source :tin247)
