Viettel Global reports record remittance in Q3

The cash flow remittance of Viettel Global – a member corporation of Viettel Group, to Vietnam in the third quarter of the year reached a record level of 86.5 million USD, up 56 percent from the same period last year.
Viettel Global reports record remittance in Q3 ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) - The cash flow remittance of Viettel Global – a membercorporation of Viettel Group, to Vietnam in the third quarter of the yearreached a record level of 86.5 million USD, up 56 percent from the same periodlast year.

In 2020, Viettel’s overseas markets have faced many struggles amid the globaleconomic slowdown due to the COVID-19 pandemic. However, in the first ninemonths of the year, all 10 overseas markets of Viettel have completed theirrevenue growth plans. Viettel Global’s service revenue reached 104 percent ofthe plan, an 18.4 percent year-on-year increase.

Digital transformation remained Viettel Global’s key strategy throughout thethird quarter of 2020. Data subscription grew by 5.4 percent year-on-year inthe period. In which, seven out of its 10 markets maintain data consumptiongrowth of more than 20 percent, with the Mozambique market growing nearly 70 percent.

Viettel’s overseas markets have achieved good results thanks to their quickadaptation to market fluctuations due to the pandemic. The flourishing businessresults at all markets have made a significant contribution to the overallperformance of Viettel Group this year, said Viettel Group’s Deputy GeneralDirector Tao Duc Thang.

Viettel has accelerated the application of digital transformation into overseasbusiness such as online multi-channel sales and care. As a result, thecompanies have significantly reduced the impact of market volatility comingfrom anti-pandemic measures adopted by governments, he added.

Viettel Global hopes to have more 5 million subscribers worldwide in the lastquarter of the year. It aims to enhance sale methods suitable for the pandemicsituation at its overseas markets. In addition, it will continue to implementdigital products and services, especially those relating to e-wallets./.
VNA

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