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Viettel
The Military Industry and Telecoms Group (Vietnamese: Tập đoàn Công nghiệp - Viễn thông Quân đội, lit. 'the Army Industry - Telecommunications Group'), trading as Viettel or Viettel Group (Tập đoàn Viettel), is a Vietnamese state-owned multinational telecommunications, technology and manufacturing conglomerate headquartered in Hanoi, Vietnam. The enterprise is under the direct administration of the Vietnam Ministry of National Defence, making it a military enterprise and officially a major production unit under the Vietnam People's Army.
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.
As of 2018[update], Viettel had 50,000 employees inside and outside the country, and served 110 million subscribers.
Electronics and Communication Equipment Corporation (SIGELCO), the forerunner of Viettel Group (Viettel), was established on 1 June 1989. In December 1992, SIGELCO applied for the State's permission for transforming into an Electronics and Communication Equipment Company under the management of the Signal Corps.
On 13 June 1995, the Prime Minister issued Notification No. 3179/DM-DN on the permission for the establishment of Military Electronics and Telecommunications Company. On 14 July 1995, the Minister of National Defense decided to officially change the company's name to Military Electronics and Telecommunications Company, VIETEL in short. At that time, Vietel was the second firm to get a business license for all telecommunications services in Vietnam. On 1 July 1997, Vietel Post was established, first providing newspaper publishing services.
On 3 February 2000, Mr. Mai Liem Truc, General Director of the General Department of Post and Telecommunications, signed a decision that allowed Vietel to pilot long-distance call services using VoIP technology. For the first time, Vietnam had an operator licensed to provide VoIP services. On 15 October 2000, Vietel officially piloted its VoIP service for the Hanoi - Ho Chi Minh City route with the "178 - Your Saving Code" campaign. At that time, Vietel was the only VoIP service provider in Vietnam. The campaign launched with phenomenal success, generating significant revenue and prestige for Vietel. They continued to expand the service to 62 more provinces (Hanoi and Ha Tay were separate at that time) and broke even just 9 months later.
On 5 December 2001, Vietel launched the international call service using VoIP technology. One year later, they launched the Internet service, connecting internationally at the speed of 2 Mbit/s while costing only one third of the current price.
On 28 October 2003, the Ministry of National Defense (MOD) changed the company's name to Military Telecommunications Company, Viettel in short, under the management of the Signal Corps. In March 2003, Viettel offered long-distance public switched telephone network (PSTN) call service in Hanoi and Ho Chi Minh City.
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Viettel
The Military Industry and Telecoms Group (Vietnamese: Tập đoàn Công nghiệp - Viễn thông Quân đội, lit. 'the Army Industry - Telecommunications Group'), trading as Viettel or Viettel Group (Tập đoàn Viettel), is a Vietnamese state-owned multinational telecommunications, technology and manufacturing conglomerate headquartered in Hanoi, Vietnam. The enterprise is under the direct administration of the Vietnam Ministry of National Defence, making it a military enterprise and officially a major production unit under the Vietnam People's Army.
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.
As of 2018[update], Viettel had 50,000 employees inside and outside the country, and served 110 million subscribers.
Electronics and Communication Equipment Corporation (SIGELCO), the forerunner of Viettel Group (Viettel), was established on 1 June 1989. In December 1992, SIGELCO applied for the State's permission for transforming into an Electronics and Communication Equipment Company under the management of the Signal Corps.
On 13 June 1995, the Prime Minister issued Notification No. 3179/DM-DN on the permission for the establishment of Military Electronics and Telecommunications Company. On 14 July 1995, the Minister of National Defense decided to officially change the company's name to Military Electronics and Telecommunications Company, VIETEL in short. At that time, Vietel was the second firm to get a business license for all telecommunications services in Vietnam. On 1 July 1997, Vietel Post was established, first providing newspaper publishing services.
On 3 February 2000, Mr. Mai Liem Truc, General Director of the General Department of Post and Telecommunications, signed a decision that allowed Vietel to pilot long-distance call services using VoIP technology. For the first time, Vietnam had an operator licensed to provide VoIP services. On 15 October 2000, Vietel officially piloted its VoIP service for the Hanoi - Ho Chi Minh City route with the "178 - Your Saving Code" campaign. At that time, Vietel was the only VoIP service provider in Vietnam. The campaign launched with phenomenal success, generating significant revenue and prestige for Vietel. They continued to expand the service to 62 more provinces (Hanoi and Ha Tay were separate at that time) and broke even just 9 months later.
On 5 December 2001, Vietel launched the international call service using VoIP technology. One year later, they launched the Internet service, connecting internationally at the speed of 2 Mbit/s while costing only one third of the current price.
On 28 October 2003, the Ministry of National Defense (MOD) changed the company's name to Military Telecommunications Company, Viettel in short, under the management of the Signal Corps. In March 2003, Viettel offered long-distance public switched telephone network (PSTN) call service in Hanoi and Ho Chi Minh City.