Business

Viettel launches Digital Services Corporation

The Viettel Military Industry and Telecoms Group (Viettel) on June 26 officially launched the Viettel Digital Services Corporation (VDS), its 8th subsidiary company.
Viettel launches Digital Services Corporation ảnh 1Le Dang Dung, Acting Chairman and General Director of Viettel Group, delivers a speech at the launching ceremony. (Photo: VNA)

Hanoi (VNA) -The Viettel Military Industry and Telecoms Group (Viettel) on June 26officially launched the Viettel Digital Services Corporation (VDS), its 8th subsidiarycompany.

The establishment of theVDS aims to create a foundation for Viettel’s digital transformationprocess and development strategies in a new period of digital society creation.

With the goal of“originating digital life”, the VDS is defined as a technology company focusingon the digital financial sector, the data service sector,and credit, insurance and advertising and e-commerce.

The corporation targetsto have 26 million customers and 600,000 payment acceptance and services pointsby 2025.

Viettel plans to expandits services to all areas nationwide in all fields through mobile phones.Mobile Money, which allows users to transfer and receive money as well as makepayments through mobile accounts without a bank account, would remove thetechnology gap and offer digitisation to people in rural and remoteareas who had limited access to traditional financial services. This wasexpected to be a catalyst for the boom of the digital revolution in Vietnam.

In addition, digitalfinancial and commerce infrastructure would help connect businesses tobusinesses and businesses to people.

The corporation wasaiming to accompany firms and the start-up community to build a non-cashsociety and become an important part in the national payment and financialinfrastructure.

Speaking at the launching ceremony,Le Dang Dung, acting Chairman cum General Director of Viettel, said theestablishment of the VDS affirmed Viettel’s strong steps in digitaltransformation and determination to switch from a traditional telecom to adigital service provider. It also realised the group's vision of bringingtelecommunications, IT and digital applications into all aspects of thelife.

“The VDSwill play a key role in Viettel's digital transformation strategy aswell as the construction of Vietnam’s digital economy," Dung said.

He added that the waveof technology was an opportunity for booming business development. However, itcould submerge anyone who was not ready or unwilling. Opportunities andchallenges for businesses were also opportunities and challenges for thecountry. Comprehensive digital transformation was an opportunity for Vietnam toclose the gap with advanced economies, he added.

Viettel has built a widetelecoms network with coverage of nearly all the country’s population, andhas applied advanced technologies for the implementation of theinternet of things, cloud, big data and artificial intelligence.-VNA
VNA
#Viettel Military Industry and Telecoms Group #Viettel #Viettel Digital Services Corporation #subsidiary company #digital transformation process #development strategies #Vietnam #VietnamPlus #Viet Nam News
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