14/01/2019 11:02 GMT+7 Email Print Like 0

Viettel valued at over 3 bln USD by Brand Finance

The military-run telecom provider Viettel has been valued at 3.178 billion USD by the world’s leading business valuation consultant Brand Finance.

In the list of top 50 brands in Vietnam in 2018 recently announced by the Brand Finance, Viettel’s valuation rose by 23.7 percent from 2017, equaling the total value of those ranking second and third in the list.

Also in its list of the world’s 300 valuable telecom brands, Viettel ranked 47th, up one place from 2017, equivalent to Singtel – the top in Singapore and Ooredoo – the number one in the Middle East.

The year 2018 marked a milestone for Viettel when it founded telecom, cyber security and high-tech defence industries and declared to embark on the fourth development stage with the goal of going global and pioneering in the fourth industrial revolution.

Viettel has a significant presence in 12 countries and a customer base with more than 85 million subscribers across Asia, Africa and America.

It has also invested in research, manufacturing and successful commercialisation of strategic weapons, high-tech military equipment and telecom network equipment.
VNA/VNP