In 2019, despite a saturated market, Viettel Group telecom revenue grew by 6.4%, twice the average rate of the sector; telecom revenue from oversea markets increased by 24.4%. It's main growth driver in 2019 was revenue from data service, for which the research & consulting firm Frost & Sullivan named Viettel Telecom, the telco arm of Viettel Group, "Vietnam's Mobile Data Service Provider of the Year".
Viettel targets 4.3% growth in telco in 2020 and it will be a challenging objective due to the saturation of Vietnam's telecommunication market and the sector low profit forecast. Furthermore, the group has ambition to become the leader in term of revenue from broadband service with 2019's fixed line revenue observed a 23.2% increase.
About Viettel Group
Viettel Group is an international enterprise headquartered in Hanoi, Vietnam. The group has investments in 11 countries in Africa, Asia and Latin-America. Viettel has five business lines including telecommunications and information technology (IT); research and manufacture of electronic and telecommunications equipment; defense industry; cyber security and digital services. Viettel Telecom, a member of Viettel Group, is the largest telecommunications service provider in Vietnam.
In 2019, Viettel is the first company to trial 5G broadcast in Vietnam, putting the country into the list of first 10 countries to successfully broadcast 5G; deployed various IoT and base technologies for a digital society. Mid-January 2020, Viettel successfully carried out the first 5G video call trial using equipment developed in-house.
SOURCE Viettel Group
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