Viettel enjoys fast growth in 2019

The total turnover of Viettel in 2019 reached VND 251 trillion, up by 7.5% from 2018, which accounted for half of the whole communication sector’s earnings in the year.

  • Movitel chosen by WB to run $20.5 million project in Mozambique
  • Viettel's digital products listed among top Asia's innovative products
Viettel aims to gain high growth rates in production and business in 2020.

Viettel aims to gain high growth rates in production and business in 2020.

Although the telecommunication market is gradually saturate, Viettel's telecommunication branch still enjoyed a year-on-year grow rate of 6.4%, nearly twice as much as the average growth of the world’s telecommunication sector.

Especially, Viettel earned VND 42 trillion from its invested overseas markets.

Viettel also made a big success in providing IT solutions when this branch grew 40% year-on-year. Viettel has gained trust of customers, especially the government agencies,from implementing many large and national-scale projects such as the E-government Project, smart city projects as well as projects to modernize the health, education and transport sectors.

Regarding digital payment, Viettel has gradually completed the Viettel pay ecology, linking it with 300 partners in 15 services.The average monthly cash flow reaches VND 50,000 billion in40 million transactions. In 2019, Viettel has fully prepared to deploy Mobile Money service right after being licensed.

Viettel also gained various achievements in researching high-tech equipment, mastered various new technologies and gained important steps in researching BTS stations and 5G chips.

In addition to maintaining growth inits earnings and profits, Viettel has planned to successfully test its 5G telecommunication network with infrastructural equipment manufactured by its own in 2020 while raising additional 10 million 4G subscribers in 2020, of which 80% of its current 3G subscribers will change to its 4G network. It has also planned to introduce Mobile Money service.

By Duy Tien

Other News

A view of a container port in Singapore. (File photo: Xinhua/VNA)

Vietnam-Singapore trade cooperation gains fresh momentum

Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.

Vietnamese products make strong impression at Foodservice Australia 2026

Vietnamese products make strong impression at Foodservice Australia 2026

International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.

Digital technology helps standardise supply chains, sustain export competitiveness

Digital technology helps standardise supply chains, sustain export competitiveness

Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.

Vietnam seen as attractive investment destination for 2026–2035

Vietnam seen as attractive investment destination for 2026–2035

The article described Vietnam as strategically positioned along major regional maritime routes, including the East – West corridor linking the Americas, the Middle East, India and Europe, and the North – South corridor connecting China and Southeast Asia, helping make the country a gateway for international trade.

Eco-industrial parks seen as catalyst for higher-quality FDI

Eco-industrial parks seen as catalyst for higher-quality FDI

The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Alongside exhibition activities, trade promotion, and business networking programs, the “Gwangju Global Food Fair 2026” also witnessed the signing ceremony of a Memorandum of Understanding (MOU) between the Vietnam–Korea Businessmen & Investment Association (VKBIA) and the Gwangju Tourism Organization of South Korea.

Hanoi proposes subsidies to accelerate shift to electric vehicles

Hanoi proposes subsidies to accelerate shift to electric vehicles

Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.