Viettel creates new growth model for Vietnam: PM
Prime Minister Nguyen Xuan Phuc praised the military-run Viettel Group as having created a new growth model for Vietnam at a ceremony on December 17 to mark the telecom group’s 10 years investment abroad.
He said the group’s success has reinforced international community and partners’ trust, while inspiring other Vietnamese firms in investing abroad, adding that Viettel’s projects have also helped strengthen the friendship and cooperation between Vietnam and host countries.
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| PM Nguyen Xuan Phuc at the ceremony |
He urged the firm to promote the startup spirit in two promising sectors of telecommunication and IT.
Viettel is running a total 360,000km of optical cable in nine countries, equivalent to nine rounds around the earth.
In 2016, nine companies run by Viettel abroad have a total value of US$4.5-US$5 billion. This year, the group’s overseas revenues are likely to reach US$1.4 billion, raising its total overseas earnings so far to US$6.5 billion with an average growth of 25% annually.
Viettel is currently serving 100 million customers, including 35 million abroad, 12 times higher than that in its first year of investment abroad. It is now ranked among the world’s top 30 telecoms companies in terms of number of customers.
Major General Nguyen Manh Hung, General Director of Viettel, revealed that the firm will continue investing in infrastructure system to provide 4G services widely at a reasonable cost, while continue expanding its investment in production.
Viettel aims to become one of the top 20 telecoms enterprises in the world in the future, he stated.
