President Vo Van Thuong (second, left) and leaders of the Military Industry and Telecoms Group (Viettel) in Hanoi on February 1. (Photo: VNA) Reportingon the group’s performance, Viettel Chairman and General Director Maj. Gen. Tao DucThang said that in 2023, Viettel earned more than 172 trillion VND (7 billionUSD) in revenue, up 5.4%, and contributed nearly 39 trillion VND to the statebudget. The ratio of pre-tax profit to revenue topped 25% over the lastthree years. The firm has also invested in 10 foreign markets on threecontinents and now ranks first in terms of the telecoms market share in sevenmarkets.
According to the officer, Viettelhas built two national-level infrastructure systems, including the superfastbroadband telecoms infrastructure with five domestic fibre optic cable routes. It also hasthree international land routes connecting with China, Laos and Cambodia, and fourundersea cable routes connecting with Asia, Europe and the Americas. Viettel operates nearly100,000 transmission stations, including over 55,000 4G stations that reach98% of Vietnam’s population. The other is digital infrastructure with the 5Gnetwork now present across all the 63 provinces and centrally-run cities, the Internet-of-Thingsinfrastructure, and 13 data centres nationwide.
Thegroup has accompanied the Government during the implementation of the nationaldigital transformation programme in all the three pillars of digital government,digital economy, and digital society. It is the core force in the building of ahigh-tech defence industry complex for the country. It has mastered telecomsinfrastructure devices, helping guarantee information safety and security.
Thangsaid the group has also completed researching and producing an ecosystem of 5Gproducts, successfully put them into trial use, and is ready to commercialisethose products in 2024 to turn Vietnam into one of the first five countries tomaster the 5G technology.
Ithas developed and manufactured over 50 products for 10 high-tech weapon and equipment sectors to meet the army’s demand, he continued, adding thatsome are more advanced and modern than similar products in the world.
Viettel owns 136 patents in Vietnam and 30 others in the US. The company has helped shape the cyber-security industry in Vietnam and is currently thebiggest provider of information safety services in the country, according tothe executive.
OfferingNew Year greetings to its staff, President Thuong said Viettel is truly a keyand leading enterprise of the country and a State-owned firm exemplar operatingin line with the market mechanism. It runs creative and effective business activities,and takes the lead in the telecoms, information technology and high-techdefence industries. It is the most valuable telecoms brand in Vietnam andSoutheast Asia, and the 9th in Asia at present.
Healso applauded its active role in the telecoms boom in Vietnam, helping to universalisemobile and internet services, form the country’s electronics industry, masterthe 5G technology, and work towards 6G.
TheState leader noted that aside from doing business, Viettel also needs tocontribute more to the country’s external affairs, produce high-tech weaponsand equipment for the army, and continue upholding its pioneering role in thedevelopment of a digital government, digital society, and digital economy.
Itis also necessary to continue developing tools and measures for protecting cyber-security,thereby helping safeguard political security and social order, including national sovereignty in cyberspace, he said.
PresidentThuong asked the group to step up overseas telecoms investment, export moreservices to the world, fulfill its social responsibility, adhere to law, andimprove the quality of life for its staff members.
Healso demanded Viettel to press on with training human resources and building aclean and strong Party organisation./.
VNA
