Viettel

Not to be confused with Vettel, Vittel, or Vittel (water).

For the football club, see The Cong-Viettel FC.
Viettel Military Industry and Telecoms Group
Viettel
Viettel Group[1]
Native name
Tập đoàn Công nghiệp - Viễn thông Quân đội
Formerly
  • Electronics and Information Equipment Corporation (Sigelco) – 1989
  • Military Electronics and Telecommunications Company (Vietel) – 1995
Company typeOne-member limited liability State-owned enterprise
IndustryTelecommunications
Defence
Semiconductor
Founded1 June 1989; 35 years ago (1989-06-01)
HeadquartersHanoi,
Vietnam
Key people
Maj. Gen. Tào Đức Thắng
(Chairman & CEO)
Products
BrandsGo to section
RevenueIncrease 251 trillion VND (2019)[2]
Increase 39 trillion VND (2019)[2]
OwnerState administration of Vietnam (100%)
Number of employees
50,000 (2018)
ParentMinistry of National Defence
SubsidiariesViettel Telecom
Websiteviettel.com.vn

The Military Industry and Telecoms Group (Vietnamese: Tập đoàn Công nghiệp - Viễn thông Quân đội, lit. 'the Army Industry - Telecommunications Group'),[3][4] trading as Viettel or Viettel Group (Vietnamese: Tập đoàn Viettel), is a Vietnamese state-owned multinational telecommunications, technology and manufacturing conglomerate headquartered in Hanoi, Vietnam. The enterprise is under the direct administration of the Vietnam Ministry of National Defence, making it a military-associated corporation and officially a major production unit under the Vietnam People's Army.

Viettel Group's pinnacle affiliate Viettel Telecom is currently the dominant network operator with the largest market share in Vietnamese telecommunications services market.[5] For 30 years, Viettel has grown from a construction company to a complex of 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 is considered one of the largest and most effective state-owned enterprises of Vietnam, thanks to its high revenue, large contribution to the State budget and high brand value. Since 2000, Viettel has earned VND 1.78 quadrillion of revenue whereas its profit, owner's equity and return on equity reached VND 334 trillion, VND 134 trillion and 30%-40%, respectively. Viettel has spent VND 3,500 billion in CSR activities.[6] Besides its well known civilian telecommunications sector, Viettel is becoming a significant defence contractor of Vietnam with the engagement of its noticeable subsidiaries Viettel High Tech and Viettel Aerospace Institute in developing, producing and supplying Vietnam People's Army with many indigenous products and armaments such as military communication devices, military drones, surveillance radars, and missiles.[7]

As of 2018, Viettel had 50,000 employees inside and outside the country,[8] and served 110 million subscribers.[9]

  1. ^ "Nghị định 05/2018/NĐ-CP". Government of Vietnam. 5 January 2018.
  2. ^ a b "Viettel đạt tổng doanh thu năm 2019 hơn 251 nghìn tỷ đồng". thoibaotaichinhvietnam.vn.
  3. ^ "Viettel Report 2020". Viettel. 2021.
  4. ^ "Công bố thông tin hoạt động sản xuất kinh doanh năm 2021". Viettel (in Vietnamese). 2022.
  5. ^ "Vietnam - Information and Communication Technologies". International Trade Administration. 7 December 2018. Retrieved 20 December 2019.
  6. ^ "Viettel should be in world's top 10 telecom firms by 2025: PM". Viet Nam News. 3 June 2019. Retrieved 20 December 2019.
  7. ^ "Viettel on the way to becoming a world leading defense industry group". People's Army Newspaper. Retrieved 4 March 2023.
  8. ^ "Viettel tiếp tục là môi trường làm việc tốt nhất ngành CNTT&VT Việt Nam". Viettel Telecom. 22 March 2017. Retrieved 22 March 2017.
  9. ^ "Vietnamese mobile operator Viettel may invest in 3G network in Ukraine |". 22 September 2014.