Digital transformation helps Viettel Store achieve 40 percent growth
Revenue of the Viettel Store system under Viettel Group posted a 40 percent year-on-year increase, more than triple the average level of the telecom market and marking record growth after 15 years of operation.
Viettel Store system has been one of the retail chains with the highest sales in the high-end segment in the market. (Photo courtesy of Viettel)
Hanoi (VNS/VNA) - Revenue of the Viettel Store system underViettel Group posted a 40 percent year-on-year increase, more than triple theaverage level of the telecom market and marking record growth after 15 years ofoperation.
The results were thanks to its digital transformation and customer-centricstrategy. It is expected that its revenue this year would reach 7.4 trillion VND(326.4 million USD), increasing 56 percent from the previous year.
Its data system at over 700 agents and 7,000 transaction branches nationwidewas synchronised to improve customer care.
As one of the four pillars in its development strategy, logistics ande-commerce invested by Viettel to take the lead in retail trends in the newnormal period, including omni-channel store model; restructuring operationsfrom physical stores; and enhancing the digital experience at stores andsupermarkets.
Viettel Store system has been one of the retail chains with the highest salesin the high-end segment in the market. It has been ranked in the Top 10 mostprestigious retail brands in Vietnam voted by Vietnam Report and Vietnamnetonline newspaper./.
The military-run telecom provider Viettel announced on September 30 that it has received two more exclusive patents in the US for its two new inventions which were developed by a group of young engineers.
The central city of Da Nang and the Viettel Military Industry and Telecoms Group (Viettel) have agreed on a memorandum of understanding (MoU) to complete the development of Da Nang into a ‘smart city' by 2025.
The networks bring together universities, research institutes and domestic and foreign businesses. Members will work closely in training, research, and technology transfer by sharing curricula, improving faculty capacity, providing access to laboratories and research facilities, and jointly implementing science and technology projects.
The Better Choice Awards (BCA) 2025 is a key highlight in the lead-up to Vietnam Innovation Day that falls on October 1, an annual event expected to attract hundreds of innovative enterprises, research institutions, investment funds, and startups from both Vietnam and abroad.
The new line serves as a critical backup route, strategically complementing existing submarine cables and enhancing the resilience, proactivity, and security of Vietnam’s telecommunications infrastructure.
Vietnam is actively yet cautiously preparing for the construction of its first nuclear power plant in Ninh Thuan (now the south-central coastal province of Khanh Hoa). The resumption of the programme after years of suspension carries considerable significance for the nation’s development in a new era as it strives to gradually reduce and ultimately phase out coal-fired power to realise the Government’s commitment to Net Zero by 2050.
The government leader reaffirmed Vietnam’s goal of achieving self-reliance in the design, manufacturing, and test of necessary semiconductor chips by no later than 2027.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
Vietnam has issued many key policies to support semiconductor development, notably the Politburo’s Resolution 57 on science, technology, innovation, and digital transformation. Other initiatives include the Semiconductor Industry Development Strategy to 2030, with a vision to 2050, and the Human Resources Development Programme for the Semiconductor Industry.
Vietnam is no longer just an emerging blockchain market, it is stepping into a leadership role, with global investors, developers, and experts recognising its growing potential to become a leading hub for digital assets in the region.
Taking place on August 1–2, the event features more than 20,000 attendees and over 200 speakers from Vietnam, the h Korea, Singapore, the UAE, Hong Kong (China) and the US.
Dung directed the Ministry of Science and Technology to revise the national startup scheme, ensuring it clearly defines the scope and content, grounded on strong political and legal foundations, international best practices, and well-reasoned arguments for submission to the Government.
The two-day academic forum, themed “Resilience, Sustainability & Digital Transformation in a Changing World: Perspectives from Southeast Asia”, aims to share interdisciplinary research insights, focusing on adaptive capacity, sustainable development, and digital transformation amid evolving global and regional landscapes.
With such a rapid economic growth, Vietnam must diversify energy sources and nuclear power is a rational choice to ensure the national energy security, said Associate Professor Kei Koga from the Nanyang Technological University (Singapore).
Deputy Prime Minister Nguyen Chi Dung emphasised that Vietnam has a clear strategy and ambition in this field, and is rapidly emerging as a central hub and key link in the regional and global semiconductor value chains.
According to Cushman & Wakefield’s latest Asia-Pacific Data Centre Investment Landscape report, Vietnam now ranks second in the region for data centre investment returns, with a yield on cost (YoC) of 17.5–18.8%, just behind Singapore’s 21–23%.
Vietnam is taking drastic yet cautious steps in building a culture of nuclear safety and security, with the aim of having its first nuclear power plant operational by the end of 2030 and using this specific energy source effectively and sustainably.
Vietnam’s 5G strategy has been clearly outlined in national digital technology and infrastructure policies. A wide range of solutions is being vigorously implemented to achieve the target of an average internet speed of 100 Mbps by 2025 and full nationwide 5G coverage by 2030.
The visit aimed to assess the new two-tier local government model, preparations for upcoming Party congresses at levels, and implementation of the Politburo’s Conclusion on school construction in border areas.
Under the theme “Breakthrough Era with the Development of Industrial Internet”, the event gathered over 400 delegates, including senior officials, leading Internet experts, and technology engineers from Vietnam and abroad.
These policies must include special incentives, such as beyond salary caps, housing support, and world-class working environment, to bring at least 100 leading Vietnamese experts back to the homeland to work.
Viettel Store system has been one of the retail chains with the highest sales in the high-end segment in the market. (Photo courtesy of Viettel) 
