Viettel is Vietnam’s most valuable brand at US$2.5 billion

Tuesday, 2017-12-05 09:37:26
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NDO - Viettel ranks first among the 50 most valuable brands in Vietnam at US$2.569 billion, the military-run telecoms company announced on December 5.

As one of the three major mobile operators in Vietnam, Viettel’s brand value in 2017 has nearly tripled last year’s figure reported by Brand Finance, a brand valuation service.

Earlier Viettel had also been listed by the consultation service Vietnam Report as number one in the list of Vietnam’s most profitable companies and rated the largest taxpayer by the General Department of Taxation.

In the first half of 2017, Viettel generated VND118 trillion (US$5.2 billion) in revenues and earned a pre-tax profit of VND21.672 trillion (US$954 million), both exceeding the company’s targets.

In April, Viettel launched 4G services nationwide and currently has the largest 4G coverage with 36,000 stations throughout the country.

In the area of research, Viettel succeeded in developing a real-time phone call charging system, which has been applied to over 90 million subscribers in Vietnam as well as five foreign markets where the company is providing services.