Viettel posts US$5.59 billion revenue in H1

Saturday, Jul 31, 2021 07:29

Viettel still achieved high revenue in H1 thank to stepping up digital transformation in governance. — Photo courtesy of Viettel

The military-run telecom provider Viettel achieved revenue of VND128.6 trillion (US$5.59 billion) in the first half of the year, posting a 6.8 per cent year-on-year increase.

Viettel on Thursday announced its business results, saying that due to the complex development of the pandemic, 95 per cent of its points-of-sale in HCM City and 80 per cent in Ha Noi were shut down or suspended operations.

However, the group still posted pre-tax profits of VND19.9 trillion, increasing 3.1 per cent from the same period last year as it continued stepping up digital transformation in governance and fully using technological advances to care for customers via online platforms.

All of its foreign markets saw improvements in market share with Haiti increasing by 1.5 per cent and Peru 1.4 per cent. Viettel still took the leading market share in Cambodia, Laos, East Timor and Burundi. It holds 30.8 per cent of market share in Myanmar.

It also remained a key unit in building e-Government and smart urban areas, improving cyber security and creating digital society. It upgraded data infrastructure and began to build a new data centre in the southern province of Binh Duong. It has expanded AI researches in healthcare, industry and remote sensing.

In addition, it completed a project to build business policies, ensuring infrastructure for Mobile Money services as soon as it receives a licence.

It also piloted a “micro 5G” station to commercialise 5G network later this year.

Viettel has put into operation a COVID-19 vaccination management platform capable of updating 5 million shots per day.

The platform, launched earlier this month, links with nearly 7,500 cameras in quarantine facilities in cities and provinces nationwide.

The group has also deployed mobile vehicles to 28 temporary hospitals, 68 others treating coronavirus patients and 200 concentrated quarantine facilities. Earlier, it launched remote health check-up and treatment systems: Telehealth, the Viet Nam Health Declaration app, the national communicable disease supervision system and the national drug supply system. — VNS

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