Business

Viettel group establishes seventh subsidiary

The Viettel Military Industry and Telecoms Group (Viettel) on May 24 established Viettel High Technology Industries Corporation (VHT), its seventh subsidiary.
Viettel group establishes seventh subsidiary ảnh 1Le Dang Dung, acting Chairman cum General Director of theViettel Military Industry and Telecoms Group, at the launching ceremony of the Viettel High Technology Industries Corporation. (Photo: VNA)

Hanoi (VNA) – The Viettel Military Industry and Telecoms Group (Viettel) onMay 24 established Viettel High Technology Industries Corporation (VHT), itsseventh subsidiary.

It focuses on the two core areas of national defence and electronicsand telecommunications.

The move affirmed Viettel’s development into a hi-tech industrial group withthree key sectors including the defence industry, the telecommunicationsindustry and network security. It should help the group become leader in the"Make in Vietnam" movement and in bringing technology productsto the international market.

Le Dang Dung, acting Chairman cum General Director of Viettel, said it targetedbeing in the top 10 biggest telecommunications and information businesses inthe world by 2030.

Only by mastering core technology can a country become a developed and advancedcountry, he said, adding that VHT has been an important factor in contributingto the military modernisation process, gradually building modern infrastructureand strong resources for national defence and industrial development topull Vietnam out of the middle income trap and became a developed country.

Viettel will develop product lines based on pioneering technology platformssuch as artificial intelligence (AI), Big Data and 5G.

In the hi-tech area, Viettel has successfully studied and manufactured 78products and 111 patents. Its total revenue from hi-tech products last yearreached 10.5 billion USD.-VNA
VNA
#Viettel Military Industry and Telecoms Group #Viettel #Viettel High Technology Industries Corporation #hi-tech industrial group #technology products #Le Dang Dung #Vietnam #Vietnam news #Vietnam News Agency
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