Vietnam telecom revenue exceeds US$7.8 billion in 6 months
As of July, there were some 124 million phone subscribers in Vietnam, informed the Ministry of Information and Communications (MIC).
Vietnam's telecom market posted revenue of over VND180 trillion (US$7.8 billion) in the first six months of 2018, equivalent to 49.18% of the year target, according to the MIC.
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As of July, there were some 124 million phone subscribers, down 0.02% year-on-year. Of the total, the number of 3G and 4G users increased by 29.2%, while landline subscribers were over 5 million.
Vietnam currently has 30,000 IT companies and four IT industrial parks, generating revenue of VND1,026 trillion (US$43.4 billion) in the January - June period, up 16.15% year-on-year.
Of which, revenue from the hardware industry was VND912.8 trillion (US$39.5 billion), contributing VND20 trillion (US$865.8 million) to the state budget.
Vietnam's information and communications technology (ICT) exports reached VND918.3 trillion (US$39.7 billion) in the first six months, up 16.21% year-on-year, in which hardware exports reached VND884.1 trillion (US$38.2 billion) and software exports of VND34.2 trillion (US$1.48 billion), the report added.
Additionally, hardware imports stood at VND576.8 trillion (US$24.9 billion) during this period.
Revenue of Vietnam Posts and Telecommunications Group (VNPT), one of the three major Vietnamese telecoms groups, increased in the first six months by 15% year-on-year, and equivalent to 51.6% of the plan, said Tran Manh Hung, chairman of the group.
VNPT set revenue and pre-tax profit targets of VND43 trillion (US$1.86 billion) in VND1.4 trillion (US$60.6 million) in 2018, up 6.7% year-on-year.
Military-run Viettel Group posted revenue and profit in the first six months in equivalent of 49.3% and 50% the year plan, respectively, according to Tao Duc Thang, vice general director of the group.
Viettel is expected to reach revenue of VND277 trillion (US$12 billion), up 10.5% year-on-year and profit of VND45.5 trillion (US$1.97 billion), up 3.2% year-on-year.
In 2018, Mobifone set revenue target of VND42.3 trillion (US$1.86 billion), up 5.9% compared to that of in 2017, while its pre-tax profit is estimated at VND6.1 trillion (US$269 million), up 8.2%.
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