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.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.
Prime Minister Pham Minh Chinh affirmed that science, technology, innovation, digital transformation, green transition, and circular economy are offering limitless opportunities for bilateral collaboration.
The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
Illustrative image (Photo: VNA) 
