The military-run telecom Viettel expects to see a return of 80 percent of its 600 million USD in foreign operations this year.
The group said that, as of the end of last year, its total turnoverfrom overseas markets reached 1.2 billion USD, with a growth rate of 25percent. Its pre-tax profits from its overseas operations posted a 32percent increase to 156 million USD.
Further, the group earned 278 million USD from its foreign operations so far this year.
Plans call for Viettel to launch its services in the Congo, with apopulation of 75 million, Columbia, with 40 million people, and Myanmarwith 55 million.
Nguyen Manh Hung, Viettel's generaldirector, said the group has invested in nine countries, with a totalpopulation of 175 million, which is nearly double that of Vietnam.
It has worked to become a global company, as well as one of the threelargest companies in the foreign markets in which they are operating.
The company also aims to expand operation to another 25 countries,selling to a total market of 600-800 million people by 2020. Viettel hasbeen enthusiastic about becoming one of the top 10 telecommunicationcompanies in the world.
Viettel Global, the group'ssubsidiary, has targeted to access 350 million customers worldwide inthe next three years, while issuing 1 billion shares to Viettel – itsstrategic shareholder.
Further, Viettel Global expectsto be operating in 16 foreign markets by 2017, with a total investmentof 47.46 trillion VND (2.2 billion USD).
Last year, Viettel established a joint venture worth 1.8 billion USD in Myanmar.
In March, Metfone, Viettel's branch in Cambodia, announced plans toacquire Sotelco – a Beeline's branch. This would become the firstVietnamese merger and acquisition in a foreign market.
Tao Duc Thang, Viettel Global's director, said investing in BeelineCambodia has been consistent with its worldwide vision to become one ofthe leading telecom companies by 2020.
Thang also expects the company to have a presence in another 20 countries in the next five years.
According to GSM Association's report, Viettel has been one of 15leading companies in the world, base d upon network connections. Lastyear, the group earned 3 trillion VND in pre-tax profits, representing a43 percent year-on-year increase.-VNA
The group said that, as of the end of last year, its total turnoverfrom overseas markets reached 1.2 billion USD, with a growth rate of 25percent. Its pre-tax profits from its overseas operations posted a 32percent increase to 156 million USD.
Further, the group earned 278 million USD from its foreign operations so far this year.
Plans call for Viettel to launch its services in the Congo, with apopulation of 75 million, Columbia, with 40 million people, and Myanmarwith 55 million.
Nguyen Manh Hung, Viettel's generaldirector, said the group has invested in nine countries, with a totalpopulation of 175 million, which is nearly double that of Vietnam.
It has worked to become a global company, as well as one of the threelargest companies in the foreign markets in which they are operating.
The company also aims to expand operation to another 25 countries,selling to a total market of 600-800 million people by 2020. Viettel hasbeen enthusiastic about becoming one of the top 10 telecommunicationcompanies in the world.
Viettel Global, the group'ssubsidiary, has targeted to access 350 million customers worldwide inthe next three years, while issuing 1 billion shares to Viettel – itsstrategic shareholder.
Further, Viettel Global expectsto be operating in 16 foreign markets by 2017, with a total investmentof 47.46 trillion VND (2.2 billion USD).
Last year, Viettel established a joint venture worth 1.8 billion USD in Myanmar.
In March, Metfone, Viettel's branch in Cambodia, announced plans toacquire Sotelco – a Beeline's branch. This would become the firstVietnamese merger and acquisition in a foreign market.
Tao Duc Thang, Viettel Global's director, said investing in BeelineCambodia has been consistent with its worldwide vision to become one ofthe leading telecom companies by 2020.
Thang also expects the company to have a presence in another 20 countries in the next five years.
According to GSM Association's report, Viettel has been one of 15leading companies in the world, base d upon network connections. Lastyear, the group earned 3 trillion VND in pre-tax profits, representing a43 percent year-on-year increase.-VNA
