From a small company specializing in construction and installation of high-altitude telecommunications works, with a single low-rise building, one UAZ vehicle, and ten employees, Viettel has grown over 35 years into the largest telecommunications company in Vietnam. It is now a major economic group with a brand value of nearly USD 9 billion, ranked first in Southeast Asia and 15th among the top 150 global telecommunications brands.
Over its 35 years of operation, Viettel has expanded into four strategic business areas: domestic and international telecommunications, IT solutions, high-tech industries, and logistics and e-commerce. Over this period, Viettel's total consolidated revenue has surpassed VND 2.2 quadrillion, with pre-tax profits nearing VND 540 trillion. Viettel consistently leads in contributing to the state budget, with cumulative contributions exceeding VND 433 trillion to date.
At the 35th anniversary celebration, Viettel was honored with the First-Class National Defense Order. After 17 years of dedicated pursuit in the defense industry, Viettel has mastered and produced over 60 types of products across 10 categories of military equipment, ensuring security and autonomy, thereby significantly contributing to the modernization of various military branches and enhancing the nation's defense capabilities. Viettel's notable achievements also extend to cybersecurity. Collaborating with Command 86 and relevant agencies, Viettel has invested in resources, developed, and deployed solutions to safeguard Vietnam's sovereignty in cyberspace. Viettel identified over 400 zero-day vulnerabilities (previously undisclosed), won at the world's largest vulnerability exploitation competition, Pwn2Own, and thwarted an average of more than 50,000 global hacker attacks annually. Viettel's cybersecurity team has positioned Vietnam among the top 30 countries with over 95% mastery of security products, forming a foundation to protect Vietnam's prosperity and extend Vietnamese intelligence globally.
In its core fields, over its 35-year journey, Viettel has made significant marks. It has built a large and modern telecommunications infrastructure, including an optical fiber network capable of encircling the earth nine times, IoT infrastructure, a 5G network, and data centers ready for AI development. By advancing research and applying new technologies, Viettel has created breakthrough products and developed numerous application platforms in finance, healthcare, education, transportation, logistics, and smart urban management, contributing positively to the national digital transformation strategy.
Notably, revenue from foreign investments has exceeded USD 3 billion, maintaining high growth rates for seven consecutive years, five times the global industry average, bringing in up to USD 500 million in annual foreign currency income to Vietnam. From its initial trailing position, Viettel now leads in 7 out of 10 markets across Asia, Africa, and Latin America.
At the event, Chairman and CEO Major General Tao Duc Thang expressed profound gratitude to generations of Party and State leaders, ministries and agencies, past and present leaders of Viettel, domestic and international partners, over 110 million customers worldwide, and the families of Viettel employees for their unwavering support and energy, enabling Viettel's achievements today.
Major General Tao Duc Thang affirmed: “Viettel’s 35-year journey is entirely within the nearly 40-year history of the country's renewal. Viettel is proud to be a positive contributor to the development of the industry and the nation. Vietnam, including Viettel, is progressing alongside the world on the Industrial Revolution 4.0. This is a once-in-a-lifetime opportunity, and Viettel must seize it to nurture great ambitions, high goals, and open larger doors for tomorrow. We pledge to remain determined and make further efforts to build Viettel, accompany the country and people, and help the Government vigorously develop science, technology, and innovation, becoming a global high-tech industrial group, pioneering in the dual transformations of digital and green.”
Viettel's Goals for the Next Phase:
- Develop the largest, safest digital infrastructure with the most advanced technology, including transmission, storage, and computing infrastructure, to catalyze cloud computing, popularize big data applications, IoT, and AI, thereby forming digital service platforms and ecosystems to support national digital transformation, fulfilling the national strategies for the digital economy, digital government, and digital society.
- Promote research, production, self-reliance, and mastery of high-tech industries in a dual-use direction, including telecommunications infrastructure equipment, renewable energy, semiconductor chips, defense industry, and military equipment, ensuring combat readiness and national defense while contributing to socio-economic development.
- Aim to recoup overseas investment by 2025, enhance global competitiveness, and become a diplomatic bridge, elevating Vietnam’s position on the international stage. Viettel’s products and solutions will be exported globally, not only to countries where Viettel invests but also to technologically advanced or populous nations.
- Successfully build national logistics infrastructure, including logistics parks, smart border gates, supply chains, and international intermodal railways. Viettel will be a key state enterprise executing the Government’s strategic direction of making “postal services an essential national infrastructure,” ensuring the flow of physical goods is equivalent to the flow of data.
- Build a modern management platform, focusing on training and developing professional human resources to meet global standards with the courage and tradition of Uncle Ho's soldiers, creating an efficient, creative, and happy working environment at Viettel.
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