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.