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Tag: Viettel

Retail Asia12/01/2024
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Telecom

FPT Retail debuts mobile virtual network in Vietnam

2min0
Electronics retailer FPT Retail has unveiled its own mobile virtual network, marking it as the country’s fifth such network. Known for operating the FPT Shop chain and being a subsidiary of the tech giant FPT, FPT Retail does not have its own network infrastructure but leases network services from MobiFone and offers subscriptions to consumers […]
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Retail Asia05/01/2023
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Telecom

Viettel profits highest in 5 years

2min0
Military-owned telecommunications giant Viettel Group earned pre-tax profits of VND43.1 trillion ($1.8 billion) in 2022, the highest growth recorded since 2017. The profits rose 3% from 2021. The group’s consolidated revenues increased by 6.1% to VND163 trillion. Viettel said telecommunications continued to be its main source of revenue, as the company remained the largest mobile […]
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Retail Asia24/10/2022
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Telecom

Mobile virtual network operators hold 1% market share

2min0
With over one million subscribers, the country’s three mobile virtual network operators, who piggyback on large telecom companies, have a market share of 1%. iTel, Reddi and Local do not have their own infrastructure or radio frequencies and instead pay to use VinaPhone, Viettel, MobiFone, Vietnamobile, or Gtel’s. iTel, which depends on VinaPhone’s infrastructure and […]
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Retail Asia18/10/2022
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Finance

Mobile money service attracts 2.2 mln users

1min0
The mobile money service, which allows users to deposit, withdraw, pay or transfer money on mobile devices, has signed up nearly 2.2 million subscribers in eight months. Of the customers, 69% are from rural and mountainous areas, according to the Ministry of Information and Communications. The service are jointly offered on a trial basis by […]
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Retail Asia17/08/2022
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Electronics

Viettel to produce chips amidst global shortage

4min0
Telecommunication giant Viettel has proposed that it produces chips to meet domestic demand and for export in addition to offering e-payment services. Leaders of the military-owned Viettel Group made the proposal at a Tuesday meeting with Prime Minister Pham Minh Chinh. The proposal was made in the context of the recent global chip shortage, which […]
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Retail Asia19/01/2022
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Telecom

Vietnam to begin 6G technology research and development

3min0
Vietnam will start researching 6G wireless networks in 2022, says Information and Communications Minister Nguyen Manh Hung. Addressing a 2021 telecom review conference last weekend, Hung said Vietnam’s telecom industry should “be in the top group in terms of deploying 5G and developing 6G networks in the world.” He said Vietnam will carry out 6G […]
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Retail Asia28/12/2021
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Telecom

Viettel to get new chairman

1min0
Colonel Tao Duc Thang is set to take over as chairman and CEO of military-owned telecom giant Viettel from Le Dang Dung, who retires on December 31. Thang, 48, who has been the deputy CEO since 2015, has an M.A. in electronics and communications and worked for Hanoi Phone Company and Hanoi Post before joining […]
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Retail Asia27/12/2021
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Telecom

Viettel to get new chairman

1min0
Colonel Tao Duc Thang is set to take over as chairman and CEO of military-owned telecom giant Viettel from Le Dang Dung, who retires on December 31. Thang, 48, who has been the deputy CEO since 2015, has an M.A. in electronics and communications and worked for Hanoi Phone Company and Hanoi Post before joining […]
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Retail Asia24/12/2021
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Telecom

Vietnam to launch commercial 5G service in 2022

2min0
Vietnam is set to commercially launch 5G mobile services next year as it seeks to increase the number of internet users by reducing the number of 2G smartphones to under 5 percent. The Ministry of Information and Communications reported at a meeting Wednesday that the service will be operated with made-in-Vietnam devices. The country aims […]
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Retail Asia02/08/2021
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Telecom

Viettel shrugs off Covid, remains profitable

1min0
Telecom giant Viettel reported pre-tax profits of VND 19.9 trillion ($867.2 million) for the first half of 2021, a year-on-year increase of 3.1 percent. The growth came despite the ongoing Covid-19 outbreak, which has forced 95 percent of its HCMC-based points of sale and 80 percent in Hanoi to suspend operations, and the number of […]
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Retail Asia22/02/2021
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Telecom

Viettel leaps 32 places in global brand ranking

2min0
Vietnam’s largest telecommunication service provider Viettel has climbed 32 positions to rank 325th most valuable brand in the world in 2021. Currently valued at $6.01 billion, up 3.4 percent from the previous year, Viettel is the only telecom brand in Southeast Asia to break into the global ranking compiled by Brand Finance, a London-based branded […]
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Retail Asia18/01/2021
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Telecom

Viettel profits grow despite pandemic

1min0
Telecom giant Viettel managed to shrug off the effects of the Covid-19 pandemic and achieve its revenue and profit targets in 2020. The military-owned firm reported revenues of VND264 trillion ($11.47 billion), up 4.4 percent from 2019, and pre-tax profit of VND39.8 trillion, up 4.1 percent. Viettel attributed the results to its digital transformation and […]
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Retail Asia08/01/2021
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Telecom

Viettel revamps as it eyes to enter Cuba

3min0
Viettel Group, Vietnam’s largest mobile network operator, which is wholly owned and operated by the Ministry of Defense, has plans to expand to sister socialist countries Cuba and North Korea, both of which are in the early stages of building up mobile phone networks. Earlier plans to expand to Venezuela have been put on hold […]
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Retail Asia02/11/2020
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Telecom

Viettel, MobiFone licensed to commercially test 5G

1min0
Telecom giants Viettel and Mobifone have received licenses to commercially test 5G broadcast in Vietnam’s two largest cities. Military-owned Viettel has been allowed to test in Hanoi with a maximum of 140 base transceiver stations while state company MobiFone can do so in Ho Chi Minh City with 50 stations. The tests will help the […]
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Retail Asia17/02/2020
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Telecom

Viettel used fake accounts to discredit rivals

3min0
Facebook has removed a network of accounts and pages linked to Vietnamese telecom giant Viettel for allegedly using disinformation tactics to discredit rivals. The social network behemoth said Wednesday it had removed 13 accounts and 10 pages linked to Vietnam’s biggest telecom provider Viettel and its Myanmar venture Mytel for “violating” its “policy against coordinated […]
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Retail Asia07/02/2020
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Telecom

Viettel soars in global valuable brand ranking

2min0
Vietnam’s largest telecommunication service provider Viettel has climbed 126 positions to be ranked 355th most valuable brand in the world in 2020. Currently valued at VND134.9 trillion ($5.8 billion), up 34 percent compared to 2019, Viettel was placed 102nd in Asia, and 7th in Southeast Asia, according to Brand Finance, a London-based branded business valuation consultancy. […]
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Retail Asia03/12/2019
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Telecom

Viettel, VinSmart get approval for factories in Hanoi

3min0
The government has approved the construction of two new factories in Hanoi by state telecom giant Viettel and private smartphone producer VinSmart. Viettel will build a 9.1-hectare plant at the Hoa Lac High-Tech Park on the city’s outskirts to test and manufacture high-tech equipment and a 13.2-hectare research center for defense products, electronic and telecom […]
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Retail Asia08/11/2019
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Telecom

Viettel Global posts $67 mln profit

2min0
Viettel Global has posted pre-tax profits of VND1.55 trillion ($67.1 million) this year, after seeing losses in Jan-Sept last year. The turnaround has happened thanks to strong revenues in Southeast Asia. Half of the telecom giant’s VND12.4 trillion ($537.3 million) revenue in the first nine months came from Southeast Asia, which went up 24 percent year […]
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Retail Asia22/10/2019
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Telecom

Vietnamese operators to begin 5G testing as of 2019

2min0
Starting from the capital, Hanoi, the country aims to upgrade its mobile network along with the southern commercial hub of Ho Chi Minh City. “Vietnam should be among the first nations to launch 5G services in order to move up in global telecom rankings,” said Nguyen Manh Hung, the country’s minister of Information and Communications. […]
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Retail Asia09/10/2019
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Telecom

Viettel Global reports profit surge

3min0
Telecom giant Viettel Global Investment JSC has made VND1.17 trillion ($50.5 million) in pre-tax profits after reporting a loss last year. Viettel Global, which covers overseas investments by military-run Viettel Group, had made a VND15.77 billion ($681,000) loss in the same period last year, according to the company’s audited consolidated financial statements. Revenues in the […]
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