Viettel’s subsidiary Bitel in Peru wins international prize
In June, Bitel was named as the most favorite telecom service in Peru.
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After a year of implementation, revenue generated from the Ti5 package accounted for 50% of Bitel’s total revenue from pre-paid subscribers.
In the first six months of 2019, the number of Bitel’s 4G subscribers increased by 139%, while the company was named as the most favorite telecom carrier in Peru in June.
Viettel is currently one of the world's top 15 largest telecommunications companies with 100 million subscribers globally.
With an annual growth of 10-15% by 2020, Viettel set revenue target of VND350 trillion-VND400 trillion (US$15.4-US$17.6 billion), pre-tax profit of VND50-55 trillion (US$2.18 - US$2.4 billion) and becoming one of the top 10 telecom firms in the world.
Viettel currently is the only Vietnamese company earning revenue of over US$1 billion in overseas markets. It has some 43 million clients in foreign markets as of the end of 2017, up 15% year-on-year.
The telco is operating in 11 countries, including Vietnam, Cambodia, Laos, Timor East, Peru, Mozambique, Cameroon, Burundi, Tanzania, Myanmar and Haiti.
In 2018, Viettel targeted a positive profit in overseas investments with a growth rate of 32% compared to tthat in 2017, while expanding its customer base in foreign markets to 50 million.
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15:52, 2025/02/20
Vietnam scales back plan to boost offshore wind
The World Bank has estimated Vietnam’s offshore wind potential at around 600 GW, with projections that the sector could provide 12% of the country’s total electricity generation by 2035.
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21:59, 2025/02/19
US firms in Vietnam concern potential export tariffs
The American Chamber of Commerce in Vietnam has urged policymakers to continue dialogue to find solutions that support sustainable economic growth and minimize trade disruptions.
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20:00, 2025/02/18
Vietnam’s hi-tech firms urged to master semiconductors, AI technologies
Only with big tasks can Vietnamese enterprises grow into giants.
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11:57, 2025/02/13
Vietnam to develop small-size nuclear power plant
Vietnam's power capacity needs to expand 2.5–3 times by 2030 and 5–7 times by 2050 to keep pace with the country's projected high economic growth.
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21:49, 2025/02/12
Vietnam's institutional reforms critical to achieving 2025 growth targets
The State's strong determination to identify bottlenecks and put concrete solutions in place matters a lot to economic growth.
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21:16, 2025/02/11
Prime Minister reaffirms reaffirms commitment to enhancing investment climate
The Prime Minister called on the private sector to join the national effort to achieve at least a double-digit economic growth rate and contribute to the overall economic growth target.
- PM visits domestic firms joining high-speed rail project
- Vietnam e-commerce sales to hit $15.4 billion in 2025
- Nearly 13,800 new jobs created in Hanoi in January
- Vietnam faces increased trade remedies amidst growing export success
- Vietnamese Government prioritizes refining e-commerce regulations to drive growth
- Green products to be focus of Vietnam's trade promotion in 2025