A view of CT2 Trung Văn housing project in Hà Nội. — Photo thoibao.today.vn

Military-run telecoms group Viettel has affirmed profit of some VNĐ50 billion (US$2.2 million) after its withdrawal of capital from the CT2 Trung Văn housing project.

The Government Inspectorate of Việt Nam, in the middle of May 2017, released a report saying Viettel suffered a loss of VNĐ40.6 billion ($1.78 million) when it divested from the project. However, Viettel last week said it had given its nod to the Ministry of National Defence for checks on its after-tax profit from selling apartments at the CT2 Trung Văn project. It would take responsibility for legality of the announced data under the current laws and regulations.

A representative from Viettel said the group reviewed all documents and accounting books relating to after-tax profit from the sale of apartments to its employees.

Specifically, it said it had adequate documents to confirm its profit of VNĐ49.48 billion collected from the projects.

In October, Viettel sent a report to the Government Inspectorate of Việt Nam with details of its profit. — VNS