Viettel Global Investment has just released its semi-annual consolidated financial report with revenue from sales and services witnessing an impressive growth of 25%.
Customers at Movitel's branch in Matola province of Mozambique. (Photo: VNA)
Hanoi (VNS/VNA) - Viettel Global Investment has just released its semi-annual consolidated financial report with revenue from sales and services witnessing an impressive growth of 25%.
The report showed that the company's revenue reached nearly 16.6 trillion VND (667.4 million USD) in the first half of 2024. The result significantly outpaces the global telecommunications growth rate of 4.3%, according to the US technological research and consulting firm Gartner.
Viettel Global recorded ten consecutive quarters of year-on-year revenue growth, with the second quarter posting an all-time high in terms of revenue. Its profit before tax was 4.74 trillion VND (190 million USD).
In the first half of the year, all nine markets saw notable growth. For example, Lumitel in Burundi increased by 31%, Unitel in Laos by 27%, Mytel in Myanmar by 24%, Movitel in Mozambique by 23% and Natcom in Haiti by 18%.
Electronic wallet companies also demonstrated remarkable growth, with e-Mola in Mozambique surging by 169%, U-money in Laos by 62%, Halopesa in Tanzania by 34% and Mosan in Timor-Leste by 34%.
By the end of June 2024, revenue from electronic wallet services reached nearly 2.1 trillion VND, making up 11% of total revenue, while electronic wallet subscriptions hit 18.5 million, representing 41% of total mobile subscriptions.
In May 2024, Movitel (Viettel in Mozambique) became the market leader, marking the seventh market where Viettel Global holds the top position, reinforcing its international strength.
On June 5, Viettel Global held its annual shareholder meeting, approving all Board proposals.
For 2024, the company aims for🌳 d🐷ouble-digit growth, with traditional telecom growth over 10% and non-telecom services increasing by 20-30%. It also has a goal of more than six million new digital subscriptions./.
Viettel High Technology Industries Corporation (VHT), a subsidiary of the Viettel Military Industry and Telecoms Group (Viettel Group) has signed a contract worth nearly 2 million USD with ContactPoint, Inc. of the Philippines to provide a firearm training simulation system to the Philippine National Police (PNP).
The Military Industry and Telecoms Group (Viettel) held its Innovative-me 2024 Award Ceremony on August 21 to celebrate the company's best new technology ideas.
Viettel Global (UPCoM: VGI) reported a net profit of over 1.2 trillion VND (47.5 million USD) for the second quarter of 2024, with net revenue increasing by 27%.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
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.
