Major General Nguyen Manh Hung (first right) hands over the reins as chairman and general director of the company to Major General Le Dang Dung (first left). — VNS Photo

Viettel Group unveiled its development strategy for until 2020 at a succession ceremony on Friday where Acting Minister of Information and Communications Major General Nguyen Manh Hung handed over charge as chairman and general director of the company to Major General Le Dang Dung.

After three “development periods” of a decade each, the military company has grown from being a construction company (during 1989-1999) to the country’s biggest telecom service provider (2000 –10) and now a technology company (since 2010).

The group is now poised to begin its fourth period two years earlier than expected. To last until 2030 the period has a number of ambitious goals like sustaining 10-15 per cent annual growth and becoming the top global tech companies, especially in telecom and IT, electronics and network security.

It also seeks to play a leading national role in technology, services and research and development. It said it would prioritise industry 4.0 projects for e-governance, education, agriculture, and smart cities offer an efficient business model for State firms and accept difficult national missions. It is already among the 30 largest mobile phone service providers in the world, operating in 10 overseas markets with a combined population of 240 million.