Viettel gets approval to establish subsidiaries in six countries

By Dang Khoa   June 4, 2020 | 02:26 pm GMT+7
Viettel gets approval to establish subsidiaries in six countries
Employees of Metfone, a unit of Viettel Global, welcome customers at a store in Cambodia. Photo courtesy of Viettel Global.

Telecom giant Viettel has received permission to set up subsidiaries in the remaining six of the 10 countries where it operates without a subsidiary.

The six are Mozambique, Tanzania, Timor Leste, Burundi, Haiti, and Cambodia.

Prime Minister Nguyen Xuan Phuc said the Ministry of Defense -- which owns the company -- would take responsibility for the task.

The other four countries it operates in are Laos, Peru, Cameroon, and Myanmar.

In a global ranking released last month by Brand Finance, a British brand valuation consultancy, Viettel, Vietnam’s largest telecommunication service provider, jumped nine places to 28th with its brand valued at $5.8 billion, up 34.4 percent from a year earlier.

 
 
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