Viettel revenues top $7B

By Anh Tu   January 13, 2024 | 02:54 am PT
Viettel revenues top $7B
Two workers put up Viettel sign outside an office. Photo courtesy of Viettel
Telecom giant Viettel reported revenues of VND172.5 trillion (US$7.04 billion) for 2023, 5.4% up from the previous year.

But the state-owned company has yet to release profit figures. In 2022 its pre-tax profits had been VND43.5 trillion, highets in five years.

Viettel said it has a 56% mobile market share and nearly 500 5G base stations around the country.

It fabricated the 56 DFE chip, the most complex part of the 5G ecosystem, last year, marking a milestone in Vietnam’s semiconductor industry.

In the fiber-to-home and multi-platform television markets it had shares of 43% and 31%.

Its overseas revenues surged by 20%. It was the leader in the telecom market in six countries: Haiti, Cambodia, Laos, Myanmar, East Timor, and Burundi.

The company targets revenue growth of 7.2% this year.

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