Viettel enjoys fast growth in 2019

Viettel aims to gain high growth rates in production and business in 2020.

Although the telecommunication market is gradually saturate, Viettel's telecommunication branch still enjoyed a year-on-year grow rate of 6.4%, nearly twice as much as the average growth of the world’s telecommunication sector.

Especially, Viettel earned VND 42 trillion from its invested overseas markets.

Viettel also made a big success in providing IT solutions when this branch grew 40% year-on-year. Viettel has gained trust of customers, especially the government agencies,from implementing many large and national-scale projects such as the E-government Project, smart city projects as well as projects to modernize the health, education and transport sectors.

Regarding digital payment, Viettel has gradually completed the Viettel pay ecology, linking it with 300 partners in 15 services.The average monthly cash flow reaches VND 50,000 billion in40 million transactions. In 2019, Viettel has fully prepared to deploy Mobile Money service right after being licensed.

Viettel also gained various achievements in researching high-tech equipment, mastered various new technologies and gained important steps in researching BTS stations and 5G chips.

In addition to maintaining growth inits earnings and profits, Viettel has planned to successfully test its 5G telecommunication network with infrastructural equipment manufactured by its own in 2020 while raising additional 10 million 4G subscribers in 2020, of which 80% of its current 3G subscribers will change to its 4G network. It has also planned to introduce Mobile Money service.