Categories
- C4I, Communication Systems
The Military Industry and Telecoms Group (Vietnamese: Tập đoàn Công nghiệp - Viễn thông Quân đội, lit. 'the Army Industry - Telecommunications Group'), doing business as Viettel or Viettel Group (Vietnamese: Tập đoàn Viettel), is a Vietnamese state-own multinational telecommunications, technology and manufacturing conglomerate headquartered in Hanoi, Vietnam. The enterprise is run by the Vietnam Ministry of National Defence, making it a military-associated corporation.
Viettel Group's pinnacle affiliate Viettel Telecom is currently the dominant network operator with the largest market share in Vietnamese telecommunications services market. For 30 years, Viettel has grown from a construction company to a complex of five business lines including telecommunications and information technology (IT); research and manufacture of electronic and telecommunications equipment; defense industry; cyber security and digital services. Viettel is considered one of the largest and most effective state-owned enterprises of Vietnam, thanks to its high revenue, large contribution to the State budget and high brand value. Since 2000, Viettel has earned VND 1.78 quadrillion of revenue whereas its profit, owner's equity and return on equity reached VND 334 trillion, VND 134 trillion and 30%-40%, respectively. Viettel has spent VND 3,500 billion in CSR activities.
Besides its well known civilian telecommunications sector, Viettel is becoming a significant defence contractor of Vietnam with the engagement of its noticeable subsidiaries Viettel High Tech and Viettel Aerospace Institute in developing, producing and supplying Vietnam People's Army with many indigenous products and armaments such as military communication devices, military drones, surveillance radars, and missiles.
Viettel Military Industry and Telecoms Group
- , Hanoi, Viet Nam
