Military-owned telecommunications group Viettel achieved a pre-tax profit of VND43.1 trillion (US$1.8 billion) last year, the highest since 2017.

The group recorded growth in all fields such as telecommunications, foreign investment, digital transformation technology and high-tech industrial production last year, Viettel said.

As a result, the group's consolidated revenue increased by 6.1 per cent to about VND163 trillion.

Viettel's pre-tax profit also increased by 3 per cent compared to 2021 to VND43.1 trillion.

This is also the highest profit of Viettel in the last five years, contributing about VND38 trillion to the State budget, equivalent to the level before the pandemic in 2019.

The main source of revenue from telecommunications is maintained by Viettel as it continues to maintain its position as the largest mobile telecommunications service provider in Viet Nam with a 54 per cent market share. Viettel's telecommunications service revenue growth rate is 1.5 times the world average.

Viettel's foreign investment activities for the first time reached nearly $3 billion, more than VND70 trillion, equivalent to its revenue from domestic telecommunications. — VNS