Hanoi (VNA) - Military-run telecom group Viettel has recorded apre-tax profit of 1 trillion VND (41.2 million USD) from its overseasinvestments in the first half of 2017, a 156 percent year-on-year increase.

A report reviewing the business results of Viettel’s overseasinvestments in nine markets showed that in the first six months of this year,its revenue rose by 25 percent compared to the same period last year, to around14 trillion VND (600 million USD). Of this, revenue in Peru posted the highestgrowth rate of 82 percent, following by Burundi at 38 percent, East Timor at 29percent and Haiti at 15 percent.

The positive results have come from revenue generated by mobilephone telecommunication services, especially new services such as 4G, e-walletand large information technology projects for governments and businesses.

The projects include the line connecting East Timor, Laospopulation management system, transmission channel for the Mozambique Ministryof Home Affairs and Ministry of Higher Education, Science and Technology, and atax payment system for Burundi.

In addition, Viettel also received positive signs from the Laomarket, with its Unitel brand maintaining its leading position with 4 millionsubscribers. Also, its Telemor brand in East Timor has been granted a newfrequency to expand its network, thus bringing in revenue of several million USdollars.

The favourable exchange rate in Viettel’s overseas markets alsocontributed towards good business results.

The achievements are expected to be a pre-condition for a highergrowth rate for the group this year. Viettel has targeted a strong growth rateof 35 percent, with around 50 million subscribers, in 2017. Revenue fromoverseas investment has been set at 32 trillion VND (1.4 billion USD) and itsgrowth rate at 29 percent this year.

The group plans to complete building network infrastructure in itstenth market, Myanmar, this year, as well as create modern broadband infrastructurefor 4G in these markets.-VNA