Viettel reports 12.8 percent revenue growth in February
Viettel Group has reported that its revenue in February surged by 12.8 percent year-on-year, breaking its target for the month by 2 percent despite the impacts of the COVID-19 epidemic.
Hanoi (VNA) – Viettel Group has reportedthat its revenue in February surged by 12.8percent year-on-year, breaking its target for the month by 2 percent despitethe impacts of the COVID-19 epidemic.
The firm’s business units involved in digital transformation products havegrown significantly.
Revenue at the Viettel Business Solutions Corporation (VBSC) and the ViettelDigital Services Corporation surged by 111 percent and 107 percent,respectively.
The domestic telecommunications service sector recorded ayear-on-year increase of 8.6 percent, whilst the internationaltelecommunications service sector saw a surge of 21.5 percent.
To maintain this momentum will not be an easy task for Viettel given the complicateddevelopments of the disease. Some units have adjusted their business plans.
Viettel Post plans to add capital to solve the impacts caused by COVID-19 on itsdelivery services. Meanwhile, VBSC will promote other activities to compensatefor the roaming service’s decreased revenue.
Viettel has boosted retail sales to make up for the loss of its import-exportrevenue.
The group is also supporting the Government, ministries and customers in thefight against the epidemic by offering free online teaching and learningservices on ViettelStudy system; and building an application that allows theGovernment and the Ministry of Health to manage medical declarations atinternational airports, border gates and seaports.
Viettel Post is ensuring deliveries of goods to quarantine areas throughout thecountry. Meanwhile, the Threat Intelligence system of the ViettelCyber Security has detected and alerted customers to two big attacksrelated to the COVID-19 epidemic./.
The Viettel Military Industry and Telecoms Group (Viettel) on May 24 established Viettel High Technology Industries Corporation (VHT), its seventh subsidiary.
The Viettel Military Industry and Telecoms Group (Viettel) on June 26 officially launched the Viettel Digital Services Corporation (VDS), its 8th subsidiary company.
Viettel Group posted consolidated profit of 21.3 trillion VND (915 million USD) in the first half of the year, representing a 10.2 percent year-on-year increase and surpassing 24.7 percent of set targets.
Lumitel e-wallet of Viettel Burundi S.A, a subsidiary of Viettel Group in Burundi, has won a Golden Award in the category of “Fastest-Growing Company for the Year – in the Middle East and Africa” at the 2019 International Business Awards in Vienna, Austria.
The Vietnamese booth featured fresh durian, durian ice cream, durian cakes, and other fruits such as dragon fruit and passion fruit, attracting strong interest from Beijing residents and ASEAN diplomats.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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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
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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.
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Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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Illustrative image (Photo: internet) 
