The MobiFone Telecommunications Corporation's aggregate income in the first half of this year is estimated at 18.7 trillion VND (860 million USD), a year-on-year increase of 7.85 percent.

The corporation's aggregate profit reached 3.96 trillion VND (182 million USD), increasing 7.96 percent year on year, MobiFone's General Director Cao Duy Hai said at a conference on July 15 to review the firm's first-half performance.

The company has earned 49.28 percent of the profit it has targeted this year, Hai said.

The market share of MobiFone has increased by 0.4 percent compared to the same period last year, with the company attracting 5,937,905 new subscribers, taking the total number of its subscribers to 48,998,091.

The corporation aims to develop five million new subscribers in the last six months of this year and earn a profit of 3,340 billion VND (153.6 million USD).

However, the corporation faces some challenges in the second half of the year. They are related to implementing 4G (fourth-generation network) technology, completing its plan to issue shares, diversifying its products and services and expanding its international business, Le Nam Tra, chairman of the corporation, said.-VNA