Viettel reports 25% rise in overseas revenue for H1

18 Jul 2017

Vietnamese telecoms company Viettel has announced that its international operations generated revenue of VND14 trillion (USD609 million) in the first six months of 2017, an increase of 25% from the year-ago period. Pre-tax profit approached the VND1 trillion mark, the military-run firm reported, up by 156% year-on-year. Viettel is active in nine overseas markets, namely Laos, Cambodia, Timor-Leste, Haiti, Peru, Mozambique, Cameroon, Burundi and Tanzania, while earlier this year it was formally awarded a licence to operate in Myanmar as part of a joint venture with two other local companies. Viettel noted that sales growth was particularly strong in Peru (+82% compared to H1 2016), Burundi (38%), Timor-Leste (29%) and Haiti (15%).

Looking ahead, Viettel is aiming to generate revenue of around VND32 trillion for the twelve months ended 31 December 2017, representing an increase of 29% from 2016. It also revealed that it plans to complete the construction of its network infrastructure in Myanmar by the end of this year.

Vietnam, Mytel, Viettel Group