The military-run telecommunication group Viettel posed revenue of over 264 trillion VND (11.48 billion USD) in 2020, up 4.4 percent against the previous year and exceeding its yearly plan by 2.4 percent.
The military-run telecommunication group Viettel earns revenue of over 264 trillion VND (11.48 billion USD) in 2020. (Source: VNA)
Hanoi, January 14 (VNA) – The military-run telecommunication group Viettelposed revenue of over 264 trillion VND (11.48 billion USD) in 2020, up 4.4 percentagainst the previous year and exceeding its yearly plan by 2.4 percent.
Its pre-tax profit reached 39.8 trillion VND, a year-on-year rise of 4.1percent, fulfilling 103.9 percent of the yearly plan.
In the telecommunication field, 10 investment markets of Viettel abroad sawsignificant growths in revenue and profit, sending home nearly 333 million USD.
In the domestic market, the group’s mobile service still led the market with ashare of 54.2 percent.
Viettel also piloted the provision of 5G services in the country.
These outcomes made the group the number one brand in Southeast Asia last yearand the ninth in Asia with a valuation of 5.8 billion USD, according to a BrandFinance report./.
Military-run telecom giant Viettel plans to divest an 11 percent stake in its affiliate Viettel Construction Joint Stock Corporation (CTR) via a public auction at the Hanoi Stock Exchange on December 7.
Viettel Telecom, a subsidiary of the Military Industry and Telecoms Group, took the lead among four mobile service providers in Vietnam in terms of mobile service in September, according to the Department of Telecommunications under the Ministry of Information and Communications.
The Viettel Cyber Security Company (VSC), a subsidiary of the Viettel Military Industry and Telecoms Group (Viettel), has become a member of the Anti-Phishing Working Group (APWG).
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
The military-run telecommunication group Viettel earns revenue of over 264 trillion VND (11.48 billion USD) in 2020. (Source: VNA) 
