Viettel eyes entry into digital services market
The Viettel Military Industry and Telecoms Group (Viettel) is set to become a digital service provider this year, having lined up a number of products and services from the digital eco-system.
The contribution of digital services to Viettel’s turnover was 7.1 percent (Photo courtesy of Viettel)
“To create a digital society, Viettel must do two things: manufacture products and services of industry 4.0 standard and promote digitisation of the government,” said Gen Le Dang Dung, Chairman of Viettel.
The country’s leading telecoms group is upgrading its 4G network to create infrastructure for the internet of things (IoT).
Viettel plans to offer 5G services in the first quarter of this year once the Government approves testing of 5G technical systems, and pilot business models that use 5G technology.
By next year its 5G broadband network would expand to meet the needs of businesses and socio-economic development.
Viettel has virtualised all core network equipment and information technology infrastructure; transferred all IT applications to cloud and is ready with mobile edge computing.
The company has set up five data centres with international-standard Tier 3, soon to become Tier 4, which enables millions of clients to use IoT at the same time.
It has researched, developed and applied key industry 4.0 technologies such as big data, artificial intelligence (AI) and virtual reality (VR) into its IT systems to better serve customers.
The group has set up a cyber security company to ensure information security and safety.
It has focused on researching and manufacturing equipment used in digital networks like virtual core networks, 5G base transceiver stations, sensors, and AI products.
Last year the contribution of digital services, including content, media, IoT, and fintech, to the company’s turnover was 7.1 percent.
“Viettel will continue to develop the traditional telecom business and accelerate digital services,” Dung added.
Last , Viettel achieved a turnover of 234 trillion VND (10.2 billion USD), or 60 percent of that of the entire telecom industry, and a profit of 37.6 trillion VND (1.64 billion USD).
While 2018 was a challenging year, with the Vietnamese telecom market saturating Viettel managed to achieve 8 percent growth and its international investment increased by 20 percent.
Viettel was the top brand in Vietnam last year and among the top 50 in the global telecom industry with a value of nearly 3.2 billion USD, 23.7 percent higher than in 2017.
This year it targets growth of 7.3 percent in turnover (251 trillion VND) and 4.6 percent in profit (39 trillion VND)./.
VNS/VNA
