The cash flow remittance of Viettel Global – a member corporation of Viettel Group, to Vietnam in the third quarter of the year reached a record level of 86.5 million USD, up 56 percent from the same period last year.
Hanoi (VNA) - The cash flow remittance of Viettel Global – a membercorporation of Viettel Group, to Vietnam in the third quarter of the yearreached a record level of 86.5 million USD, up 56 percent from the same periodlast year.
In 2020, Viettel’s overseas markets have faced many struggles amid the globaleconomic slowdown due to the COVID-19 pandemic. However, in the first ninemonths of the year, all 10 overseas markets of Viettel have completed theirrevenue growth plans. Viettel Global’s service revenue reached 104 percent ofthe plan, an 18.4 percent year-on-year increase.
Digital transformation remained Viettel Global’s key strategy throughout thethird quarter of 2020. Data subscription grew by 5.4 percent year-on-year inthe period. In which, seven out of its 10 markets maintain data consumptiongrowth of more than 20 percent, with the Mozambique market growing nearly 70 percent.
Viettel’s overseas markets have achieved good results thanks to their quickadaptation to market fluctuations due to the pandemic. The flourishing businessresults at all markets have made a significant contribution to the overallperformance of Viettel Group this year, said Viettel Group’s Deputy GeneralDirector Tao Duc Thang.
Viettel has accelerated the application of digital transformation into overseasbusiness such as online multi-channel sales and care. As a result, thecompanies have significantly reduced the impact of market volatility comingfrom anti-pandemic measures adopted by governments, he added.
Viettel Global hopes to have more 5 million subscribers worldwide in the lastquarter of the year. It aims to enhance sale methods suitable for the pandemicsituation at its overseas markets. In addition, it will continue to implementdigital products and services, especially those relating to e-wallets./.
Major General Le Dang Dung, Deputy General Director of Viettel Military Industry and Telecoms Group, was promoted to Viettel General Director and Standing Chairman on July 31.
Viettel Global Investment JSC, a subsidiary of Viettel Military Industry and Telecoms Group, reported revenue of 4,428 billion VND (188.6 million USD) and profit of 1,342 billion (57.1 million USD) in the third quarter of 2018, increases of 5 and 8 percent year-on-year.
Movitel, Viettel Group's joint venture in Mozambique, has been chosen as one of partners for a World Bank (WB) project to improve living standards and access to financial packages for the poor in rural and remote areas in the African country.
Vietnamese firms poured 460 million USD into 177 projects abroad in the first 11 months, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
Viettel Global, a foreign investment unit of telecoms giant Viettel, posted a before-tax profit of 1.17 trillion VND (50.7 million USD in the first half of this year, equivalent to the same period last year.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
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